Juewei Food (SH:603517)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 62,956,532.22, down 65.27% year-on-year[10] - Operating revenue for the period was CNY 1,066,429,779.08, a decrease of 7.59% compared to the same period last year[10] - Basic earnings per share decreased by 68.75% to CNY 0.10[10] - The weighted average return on net assets was 1.37%, a decrease of 4.45 percentage points year-on-year[10] - The net profit after deducting non-recurring gains and losses was CNY 70,565,752.01, a decrease of 60.67% year-on-year[10] - Total operating revenue for Q1 2020 was ¥1,066,429,779.08, a decrease of 7.6% compared to ¥1,154,065,504.32 in Q1 2019[43] - Net profit for Q1 2020 was ¥62,280,376.74, a decline of 65.4% from ¥179,994,620.74 in Q1 2019[43] - The company reported a total comprehensive income of ¥64,674,803.53 for Q1 2020, down from ¥177,031,853.44 in Q1 2019[45] - Basic and diluted earnings per share for Q1 2020 were both ¥0.10, compared to ¥0.32 in Q1 2019[45] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,420,291,680.63, a decrease of 0.78% compared to the end of the previous year[10] - Total current assets increased to CNY 1,620,516,173.64 from CNY 1,006,476,075.39, representing a growth of approximately 60.9% year-over-year[34] - Total liabilities decreased to CNY 790,284,219.25 from CNY 897,337,279.44, a reduction of approximately 11.9%[33] - Total equity attributable to shareholders increased to CNY 4,632,853,064.83 from CNY 4,567,200,068.28, reflecting a growth of about 1.4%[34] - The total liabilities amounted to ¥924,713,835.94, significantly higher than ¥292,867,579.57 from the previous period[43] - The total liabilities were recorded at ¥880,643,694.75, with current liabilities making up the majority[64] - Total liabilities amounted to CNY 897,337,279.44, with total equity at CNY 4,565,332,657.85, resulting in total assets of CNY 5,462,669,937.29[66] Cash Flow - Net cash flow from operating activities increased by 30.09% to CNY 239,222,812.29[10] - The company reported a net cash outflow from investment activities of ¥456,130,449.86, primarily due to the purchase of structured deposits[24] - The net cash flow from investing activities was -¥3,361,673.40, compared to -¥193,385,773.67, showing a significant improvement[58] - Cash inflow from operating activities totaled ¥639,389,072.54, compared to ¥354,900,516.15 in the previous period, indicating a rise of about 80.4%[58] - Cash inflow from financing activities totaled 1,044,500,000.00 RMB, with cash outflow for financing activities at 1,979,250.00 RMB[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,256[16] - The largest shareholder, Hunan Jucheng Investment Co., Ltd., held 36.17% of the shares, with 5,500,000 shares pledged[16] Expenses and Investments - Research and development expenses surged by 193.71% to ¥2,742,311.05 from ¥933,693.89, highlighting increased investment in R&D[22] - Sales expenses rose by 43.20% to ¥120,092,109.26 from ¥83,862,674.79, primarily due to increased transportation and marketing subsidies[22] - The company made a charitable donation of ¥10 million to Wuhan Charity Federation, contributing to a 399.95% increase in non-operating expenses[22] - The company experienced a net investment loss of ¥12,233,291.68 in Q1 2020, contrasting with a gain of ¥8,858,285.27 in Q1 2019[43] Government Support - The company received government subsidies amounting to CNY 2,746,393.86 during the period[12] - Other income increased significantly by 311.68% to ¥2,270,113.53 from ¥551,429.13, mainly from government subsidies[22]