TBEA(SH:600089)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders was ¥411.84 million, a decrease of 8.22% year-on-year[4] - Operating revenue for the period was ¥7.88 billion, down 1.68% from the same period last year[4] - Basic earnings per share were ¥0.1109, a decline of 8.20% compared to the previous year[4] - The company's total comprehensive income attributable to shareholders decreased by 40.54% to ¥274,931,513.32, influenced by various factors including investment losses[13] - The net profit for Q1 2020 was ¥516,818,911.74, slightly down by 1.8% from ¥526,759,143.84 in Q1 2019[32] - The total profit for Q1 2020 was ¥561,009,184.08, compared to ¥587,173,981.66 in the same period last year, reflecting a decline of 4.5%[32] - The total comprehensive income for Q1 2020 was ¥392,099,239.06, compared to ¥536,714,026.73 in Q1 2019, a decrease of 26.9%[32] Assets and Liabilities - Total assets at the end of the reporting period reached ¥106.50 billion, an increase of 4.18% compared to the end of the previous year[4] - The company's total liabilities due within one year rose by 117.74% to ¥4,394,161,004.33, mainly due to the reclassification of some long-term borrowings[11] - Total liabilities were CNY 62.02 billion, an increase from CNY 59.20 billion, representing a growth of approximately 4.8%[23] - The company's long-term borrowings were CNY 20.51 billion, slightly down from CNY 21.83 billion, reflecting a decrease of about 6.0%[23] - The company's total liabilities amounted to CNY 59,196,982,203.89, indicating a strong leverage position[48] - The company reported current assets of CNY 21,305,290,057.84, with cash and cash equivalents included[53] Cash Flow - Net cash flow from operating activities improved to -¥481.02 million, compared to -¥1.64 billion in the previous year[4] - The company's net cash flow from operating activities improved by ¥1,160,523,909.64, reaching -¥481,021,085.96, attributed to better management of accounts receivable and reduced cash payments for goods and services[15] - Net cash flow from financing activities decreased by 49.24% to ¥1,799,271,596.34, primarily due to a reduction in borrowings compared to the previous year[15] - Total cash inflow from operating activities for Q1 2020 was CNY 8,655,393,094.49, an increase from CNY 8,034,244,548.77 in Q1 2019, representing a growth of 7.7%[40] - Cash outflow for purchasing goods and services decreased to CNY 7,279,291,434.49 in Q1 2020 from CNY 8,050,715,408.36 in Q1 2019, a reduction of 9.6%[40] - Net cash flow from financing activities was CNY 1,799,271,596.34 in Q1 2020, down from CNY 3,544,430,498.79 in Q1 2019, a decrease of 49.3%[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 278,234[9] - The largest shareholder, Xinjiang TBEA Group Co., Ltd., held 446,982,637 shares, accounting for 12.03% of total shares[9] - The equity attributable to shareholders was CNY 44.48 billion, up from CNY 42.03 billion, indicating an increase of approximately 5.8%[23] Government Support and Other Income - The company received government subsidies amounting to ¥72.05 million, primarily related to revenue[6] - The company reported a significant increase in other income to CNY 72,046,008.39 from CNY 42,539,587.55 in Q1 2019, reflecting a growth of 69.56%[29] Investment and Expenses - The company's investment income turned negative at -¥12,966,298.17, a decrease of ¥39,106,569.75 compared to Q1 2019, due to reduced returns from an associate investment[13] - Research and development expenses for Q1 2020 were CNY 100,108,570.24, slightly up from CNY 99,232,777.93 in Q1 2019[29] - The company's R&D expenses in Q1 2020 were ¥10,456,282.09, down from ¥12,249,488.22 in Q1 2019, indicating a reduction of 14.6%[36]