MXEP(SH:600101)2020-04-28 16:00Financial Performance - Operating revenue for the reporting period was CNY 364,147,873.70, a decrease of 16.28% year-on-year[5] - Net profit attributable to shareholders was CNY 26,046,774.49, down 12.51% from the same period last year[5] - Basic earnings per share decreased by 12.46% to CNY 0.0618[5] - The weighted average return on net assets fell by 0.23 percentage points to 1.10%[5] - Total operating revenue for Q1 2020 was CNY 364,147,873.70, a decrease of 16.2% compared to CNY 434,973,097.63 in Q1 2019[27] - Operating profit for Q1 2020 was CNY 26,593,470.65, a decline of 23.1% from CNY 34,593,909.96 in Q1 2019[27] - Net profit attributable to shareholders for Q1 2020 was CNY 20,000,000, reflecting a decrease compared to the previous year[26] - The net profit for Q1 2020 was CNY 34,182,690.55, down 16.7% from CNY 41,013,542.59 in Q1 2019[31] - The total profit for Q1 2020 was CNY 34,182,690.55, compared to CNY 45,277,174.10 in Q1 2019, marking a decrease of 24.5%[31] Cash Flow - Cash flow from operating activities showed a significant decline of 92.37%, primarily due to reduced cash receipts from main business operations[5] - Cash flow from operating activities decreased by 92.37% to ¥17,287,812.10, mainly due to a decline in main business income and cash received[15] - The cash flow from operating activities for Q1 2020 was CNY 17,287,812.10, significantly lower than CNY 226,565,564.44 in Q1 2019, indicating a decrease of 92.4%[35] - The total cash inflow from operating activities was CNY 436,517,678.52, down from CNY 532,348,832.68 in Q1 2019, a decrease of 18%[35] - The total cash outflow from operating activities was CNY 419,229,866.42, compared to CNY 305,783,268.24 in Q1 2019, an increase of 37.1%[35] - The net cash flow from operating activities was negative at CNY -1,379,924.53, compared to a positive CNY 212,111,205.71 in the same period last year[39] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,312,788,980.45, an increase of 0.62% compared to the end of the previous year[5] - Accounts receivable increased by 101.66% to ¥28,809,913.83, primarily due to uncollected receivables during the reporting period[12] - Other receivables rose by 42.46% to ¥21,993,937.76, attributed to increased interest from time deposits and deposits for electricity sales[12] - Contract liabilities reached ¥220,933,083.32, reflecting the implementation of new revenue recognition standards[12] - Prepayments increased by 75.57% to ¥7,732,738.91, due to purchases of epidemic prevention materials and advance payments for materials[12] - Other current assets decreased by 45.18% to ¥6,217,183.26, primarily due to a reduction in VAT input tax deductions[12] - Total liabilities as of March 31, 2020, were CNY 723,181,991.23, a decrease from CNY 764,213,539.62 at the end of 2019[24] - Total liabilities amounted to ¥937,015,417.44, with a slight increase of ¥2,750,540.67 compared to the previous period[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,513[9] - The largest shareholder, State Grid Sichuan Electric Power Company, held 20.07% of the shares[9] Government Support and Other Income - The company received government subsidies amounting to CNY 54,526.00, which are closely related to normal business operations[7] - Non-recurring gains and losses totaled CNY 1,842,437.61, primarily due to compensation received for line damages[7] - The company reported other income of CNY 169,013.60 in Q1 2020, down from CNY 1,114,423.29 in Q1 2019, a decrease of 84.8%[31] Future Outlook - The company plans to focus on cost control and operational efficiency to improve profitability in the upcoming quarters[26] - The company has implemented new revenue and leasing standards starting in 2020, which may impact future financial reporting[41]