HT-SAAE(SH:600151)2020-04-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 1,347,527,147.80, representing a decrease of 2.86% year-on-year[15] - Net profit attributable to shareholders of the listed company was a loss of CNY 87,544,843.77, an improvement from a loss of CNY 103,092,978.57 in the same period last year[15] - Basic and diluted earnings per share were both CNY -0.0610, an improvement from CNY -0.0719 in the same period last year[15] - Total operating revenue for Q1 2020 was CNY 1,347,527,147.80, a decrease of 2.5% compared to CNY 1,387,225,551.32 in Q1 2019[44] - Net loss for Q1 2020 was CNY 98,463,557.96, compared to a net loss of CNY 114,681,738.88 in Q1 2019, showing an improvement of 14.1%[46] - The company's gross profit margin for Q1 2020 was approximately -7.1%, compared to -8.0% in Q1 2019[44] - Total comprehensive loss for Q1 2020 was CNY 147,725,539.35, compared to CNY 142,882,701.97 in Q1 2019, indicating a slight increase in losses[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,523,785,700.42, a decrease of 3.91% compared to the end of the previous year[15] - Net assets attributable to shareholders of the listed company were CNY 5,167,392,516.07, down 2.30% from the previous year[15] - Total current assets decreased to ¥4,071,059,908.39 from ¥4,394,672,069.89, a reduction of 7.36%[31] - The company reported a significant drop in financing receivables, down 52.85% to ¥113,587,154.70 from ¥240,916,008.13, due to endorsements and transfers of receivables[24] - The company's total liabilities included trading financial liabilities of ¥10,437,218.50, a significant increase from the previous period[24] - The company's total liabilities decreased from ¥5,158,165,219.56 to ¥4,857,955,665.41, a decline of about 5.8%[35] - The company's total equity decreased from ¥5,793,318,574.36 to ¥5,665,830,035.01, a reduction of approximately 2.2%[35] Cash Flow - The net cash flow from operating activities was a negative CNY 150,028,990.73, compared to a negative CNY 138,386,402.63 in the previous year[15] - Cash flow from operating activities in Q1 2020 was -¥150,028,990.73, slightly worse than -¥138,386,402.63 in Q1 2019[56] - Cash flow from investing activities showed a net outflow of -¥67,087,869.14 in Q1 2020, compared to -¥391,629,683.13 in Q1 2019[56] - Cash inflow from operating activities was 37,499,232.69 RMB, compared to 18,619,830.38 RMB in Q1 2019, showing an increase in operational cash receipts[59] - Total cash outflow from operating activities was 80,166,716.54 RMB, up from 52,369,736.11 RMB in the same period last year, indicating higher operational expenses[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 105,770[18] - The largest shareholder, Shanghai Aerospace Technology Research Institute, held 26.45% of the shares[18] Expenses - Sales expenses increased by 99.52% to ¥109,113,861.64 from ¥54,687,479.08, primarily due to tariffs imposed by the U.S. on Turkish imports affecting export costs for Aerospace Turkey[21] - Financial expenses decreased by 45.40% to ¥15,837,751.84 from ¥29,008,788.20, attributed to increased exchange gains from Lianyungang Shenzhou New Energy[24] - Research and development expenses increased to CNY 57,505,552.10 in Q1 2020, up from CNY 53,321,965.27 in Q1 2019, reflecting a growth of 7.3%[44] Investment Performance - Investment income turned negative at -¥1,322,682.71 compared to a positive ¥768,932.30, a decrease of 272.02% due to the expiration of forward foreign exchange contracts for ESTRA Auto[24] - The company's cash flow from investing activities improved significantly, with a net cash flow of -¥67,087,869.14 compared to -¥391,629,683.13, reflecting reduced acquisition payments[27] - The company received 85,988,447.38 RMB from investment recoveries, a significant increase from 14,627,015.92 RMB in Q1 2019, highlighting improved investment management[59]