ELHT(SH:600133)2020-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 1.15 billion, a decline of 28.28% year-on-year[17] - Net profit attributable to shareholders was a loss of CNY 54.49 million, a decrease of 270.42% compared to the same period last year[17] - Basic earnings per share were -CNY 0.0795, down 317.21% from CNY 0.0366 in the same period last year[17] - The company reported a significant decrease in tax and additional income by 44.34% to 1,319.20 from 2,370.17, impacted by reduced operating income due to the pandemic[27] - The company reported a gross margin decline, with operating profit for Q1 2020 at -¥46,054,879.89, compared to ¥68,008,501.62 in Q1 2019[50] - The net profit for Q1 2020 was a loss of ¥56,449,551.04, compared to a profit of ¥45,546,483.62 in Q1 2019[52] - The total comprehensive income for Q1 2020 was a loss of ¥49,593,276.47, compared to a loss of ¥33,283,293.23 in Q1 2019[59] Cash Flow - Net cash flow from operating activities improved to CNY 153.75 million, compared to a negative CNY 383.24 million in the previous year[17] - The net cash flow from operating activities improved to 15,374.56 from -38,323.86, an increase of 53,698.42, due to enhanced collection efforts[27] - The cash flow from operating activities for Q1 2020 was ¥153,745,559.55, a significant improvement from a negative cash flow of ¥383,238,591.92 in Q1 2019[62] - The cash inflow from operating activities totaled 141,940,463.87 RMB in Q1 2020, significantly lower than 1,211,561,884.60 RMB in Q1 2019, indicating a decline of approximately 88.3%[64] - The net cash flow from financing activities for Q1 2020 was ¥209,620,745.24, a decrease from ¥1,684,202,352.88 in Q1 2019[62] - The net cash flow from investing activities was -11,431,938.78 RMB in Q1 2020, an improvement from -131,424,812.18 RMB in Q1 2019, indicating a 91.3% reduction in losses[66] Assets and Liabilities - Total assets decreased by 4.75% to CNY 25.38 billion compared to the end of the previous year[17] - Total liabilities decreased from ¥20,701,805,704.21 to ¥19,509,727,382.11, a decline of about 5.75%[38] - Current liabilities decreased from ¥12,713,524,185.37 to ¥11,078,310,974.29, a reduction of about 12.87%[38] - Non-current liabilities increased from ¥7,988,281,518.84 to ¥8,431,416,407.82, an increase of approximately 5.56%[38] - Total current assets decreased from ¥2,115,690,674.40 to ¥1,976,415,899.37, a reduction of approximately 6.58%[44] - The company reported a decrease in accounts payable from ¥4,715,738,535.45 to ¥3,658,326,372.62, a decline of approximately 22.36%[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 78,885[20] - The largest shareholder, Hubei United Development Investment Group, held 22.37% of the shares[20] - Shareholders' equity decreased from ¥5,942,088,026.46 to ¥5,868,284,551.53, a decrease of approximately 1.24%[40] Investment and Financing Activities - The company completed the acquisition of 70% equity in Shanghai Taixin Environmental Engineering Co., becoming a controlling subsidiary[30] - The company is actively progressing with fundraising related to asset acquisition and will comply with disclosure obligations as per regulations[30] - The company reported a significant increase in financial expenses, totaling ¥79,075,555.02 in Q1 2020, compared to ¥88,625,507.73 in Q1 2019[50] - The company has issued perpetual bonds totaling $300 million[80] Other Financial Metrics - The weighted average return on equity decreased by 1.9431 percentage points to -1.2538%[17] - The company reported a non-operating income of CNY 289,765.56 from the disposal of non-current assets[19] - The company received government subsidies amounting to CNY 365,811.10, which are closely related to its normal business operations[19] - R&D expenses decreased significantly to ¥7,613,663.64 in Q1 2020 from ¥29,205,046.48 in Q1 2019, a reduction of 73.9%[50]