SANY(SH:600031)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 31.90% to RMB 2,193,674 thousand compared to RMB 3,221,072 thousand in the same period last year[5]. - Operating revenue fell by 18.92% to RMB 17,266,415 thousand, down from RMB 21,294,618 thousand year-on-year[5]. - Basic earnings per share dropped by 36.93% to RMB 0.2603 from RMB 0.4127 in the previous year[5]. - Operating profit for Q1 2020 was 2,647,582, a decline of 33.8% from 4,001,993 in Q1 2019[20]. - The net profit for Q1 2020 was 2,213,973 thousand RMB, down from 3,324,655 thousand RMB in Q1 2019, indicating a decrease of approximately 33.4%[21]. - The total comprehensive income for Q1 2020 was 1,982,407 thousand RMB, down from 3,333,548 thousand RMB in Q1 2019, a decline of approximately 40.5%[21]. Cash Flow - Net cash flow from operating activities was negative at RMB -894,887 thousand, a decrease of 123.41% compared to RMB 3,823,418 thousand in the previous year[5]. - The company reported a net cash flow from financing activities of CNY 3,368,435, an increase of 62.83% compared to CNY 2,068,720 in the previous year, primarily due to the issuance of short-term bonds[12]. - In Q1 2020, the net cash flow from operating activities was -894,887 thousand RMB, a significant decrease from 3,823,418 thousand RMB in Q1 2019[27]. - The total cash inflow from investment activities was 3,845,234 thousand RMB, compared to 399,583 thousand RMB in the same period last year[27]. - The cash flow from investment activities showed a net outflow of 781,773 thousand RMB, an improvement from -4,291,428 thousand RMB in Q1 2019[27]. Assets and Liabilities - Total assets increased to RMB 97,711,301 thousand, up 7.92% from the previous year[5]. - The total liabilities rose to CNY 50,146,602 from CNY 45,014,553, indicating an increase in financial obligations[16]. - Total current assets rose to 22,294,683, up 18.1% from 18,769,969 at the end of 2019[17]. - The total liabilities of the company as of January 1, 2020, were 45,014,553 thousand yuan[34]. - The company’s total current liabilities were 42,148,594 thousand yuan as of January 1, 2020[33]. Operating Costs and Revenue - Operating costs decreased by 15.94% to CNY 12,402,109 from CNY 14,753,931, mainly due to the reduction in operating revenue and adjustments in sales freight costs[11]. - Total operating costs for Q1 2020 were 14,790,656, down 14.9% from 17,392,019 in Q1 2019[20]. - Operating revenue for the current period was CNY 17,266,415, a decrease of 18.92% compared to CNY 21,294,618 in the same period last year, primarily due to the impact of the pandemic on downstream industries such as infrastructure, mining, and real estate[11]. Shareholder Information - The number of shareholders at the end of the reporting period was 2,527,616,730 shares held by SANY Group Co., Ltd., accounting for 29.96%[7]. Financial Ratios - The weighted average return on equity decreased by 4.87 percentage points to 4.83%[5]. Government Subsidies and Investment Income - The company recognized government subsidies amounting to RMB 35,944 thousand related to its normal business operations[6]. - Investment income rose to CNY 29,048 from a loss of CNY 32,639, marking a 189.00% increase, mainly due to increased gains from forward foreign exchange contracts[11].