Xinjiang Xintai Natural Gas (SH:603393)2020-04-28 16:00Financial Performance - Operating revenue for the period was ¥530,268,739.54, a decrease of 23.68% compared to the same period last year[18]. - Net profit attributable to shareholders of the listed company was ¥83,465,133.31, representing an increase of 8.06% year-on-year[18]. - Basic earnings per share decreased by 22.92% to ¥0.37 compared to ¥0.48 in the same period last year[20]. - The company reported a significant reduction in sales expenses to 9,281,679.24 RMB from 20,979,369.51 RMB in Q1 2019, indicating cost-cutting measures[51]. - The company's net profit for the current quarter is 159,478,824.21, compared to 164,569,595.86 in the previous year, reflecting a decrease of approximately 6.67%[54]. - The total profit for the current quarter is 201,200,502.62, down from 228,522,894.03 in the same quarter last year, indicating a decline of about 12.00%[54]. - The company reported a tax expense of 41,721,678.41, down from 63,953,298.17 in the previous year, reflecting a decrease of approximately 34.67%[54]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,573,207,486.92, an increase of 0.41% compared to the end of the previous year[18]. - Total liabilities decreased to 321,752,525.57 RMB in Q1 2020 from 194,478,769.69 RMB in Q1 2019, indicating a reduction in financial obligations[49]. - Current liabilities reached ¥1,001,929,231.50, including short-term borrowings of ¥30,000,000.00 and accounts payable of ¥475,803,565.06[76]. - Total liabilities were reported at ¥2,848,131,397.33, with non-current liabilities comprising ¥1,846,202,165.83[78]. - Shareholders' equity totaled ¥5,690,464,570.84, with total equity attributable to the parent company amounting to ¥2,530,052,836.91[78]. Cash Flow - The net cash flow from operating activities was negative at -¥74,683,277.52, a decline of 158.70% compared to the previous year[18]. - Cash inflow from financing activities totaled 100,000,000.00 RMB, while cash outflow was 27,672,744.77 RMB, resulting in a net cash flow from financing activities of 72,327,255.23 RMB[67]. - The cash inflow from operating activities was 62,373,503.99 RMB, a substantial increase from 538,242.63 RMB in the same quarter last year, representing a growth of over 11,500%[67]. - The total cash flow from investment activities was -381,188,329.33 RMB, reflecting a negative trend compared to -103,214,929.75 RMB in the same quarter last year[66]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,314[24]. - The largest shareholder, Ming Zaiyuan, held 35.78% of the shares, with 80,149,374 shares pledged[24]. - The company has seen a decrease in minority shareholders' profit to 76,013,690.90 from 87,330,453.33 in the previous year, reflecting a decline of approximately 13.00%[54]. Expenses and Income - Financial expenses dropped by 69.44% to ¥9,050,680.50, resulting from optimized borrowing structure and foreign exchange gains[32]. - Other income increased by 63.78% to ¥49,610,771.57, primarily from subsidies related to coalbed methane[32]. - The company reported a non-operating expense of -¥665,056.05 due to donations related to COVID-19 prevention efforts[22]. - Research and development expenses were 31,134,267.81 RMB, down from 51,583,274.92 RMB in the previous year, suggesting a focus on efficiency[51]. Changes in Financial Position - The company adjusted contract liabilities by ¥148,373,159.97 due to the implementation of new revenue recognition standards[78]. - The company reported a significant increase in cash outflow for investment activities, totaling 383,994,246.04 RMB, compared to 103,316,264.23 RMB in the previous year, marking an increase of approximately 271.5%[66]. - The company has a total of ¥880,346,819.92 in undistributed profits, contributing to its retained earnings[78].