HNHS(SH:600156)2020-04-21 16:00Financial Performance - Operating revenue decreased by 51.04% to CNY 17,776.31 million year-on-year, primarily due to the impact of COVID-19 on foreign trade exports[12] - Net profit attributable to shareholders was a loss of CNY 1,104.68 million, a 7.59% increase in loss compared to the same period last year[6] - The company's net profit for Q1 2020 was not explicitly stated, but the decrease in revenue and increase in costs indicate potential challenges in profitability[18] - The company reported a net loss of CNY 13,220,027.70 for Q1 2020, compared to a net loss of CNY 12,163,832.59 in Q1 2019, reflecting an increase in losses of approximately 8.7%[19] - The total comprehensive income for Q1 2020 was CNY -13,220,027.70, compared to CNY -12,163,832.59 in Q1 2019, reflecting a decline of approximately 8.7%[19] Assets and Liabilities - Total assets increased by 8.36% to CNY 119,522.12 million compared to the end of the previous year[6] - Total assets as of March 31, 2020, amounted to CNY 1,195,221,221.47, an increase from CNY 1,103,048,446.29 at the end of 2019[16] - Total liabilities increased to CNY 513,317,267.44 from CNY 408,357,828.78 at the end of 2019, indicating a rise in financial obligations[16] - The company's total equity decreased to CNY 681,903,954.03 as of March 31, 2020, down from CNY 694,690,617.51 at the end of 2019[16] Cash Flow - Cash flow from operating activities showed a net inflow of CNY 3,033.66 million, a significant improvement from a net outflow of CNY 4,104.90 million in the previous year[12] - The company achieved a net cash flow from operating activities of CNY 30,336,595.50 in Q1 2020, a significant improvement compared to a net cash outflow of CNY 41,048,957.33 in Q1 2019[23] - The net cash flow from operating activities was -$6,089,816.09, compared to -$11,444,390.04 in the previous year, showing an improvement of approximately 46.3%[26] - Cash outflows from operating activities totaled $6,449,033.60, compared to $11,829,113.63 in the prior year, marking a decrease of approximately 45.5%[26] Shareholder Information - The number of shareholders reached 37,365, with the largest shareholder, Hunan Huasheng Group Co., Ltd., holding 40.31% of the shares[10] Management and Operational Expenses - Management expenses rose by 46.94% to CNY 1,814.88 million due to costs incurred during the production halt caused by COVID-19[12] - The company's management expenses decreased to CNY 1,670,208.47 in Q1 2020 from CNY 1,954,176.42 in Q1 2019, showing a reduction of about 14.5%[21] Inventory and R&D - Inventory levels rose to CNY 195,805,593.34 from CNY 188,844,982.12, suggesting potential challenges in inventory management[15] - Research and development expenses for Q1 2020 were CNY 1,386,497.36, a decrease from CNY 1,793,559.15 in Q1 2019, indicating a potential reduction in innovation efforts[18] Investment Activities - The company reported an investment income of CNY 739,321.99 for Q1 2020, compared to CNY 164,311.60 in Q1 2019, reflecting improved performance in investment activities[18] - The company recorded an increase in investment income to CNY 412,293.22 in Q1 2020, up from CNY 159,919.60 in Q1 2019[22] - Investment activities resulted in a net cash outflow of CNY 35,364,379.32 in Q1 2020, an improvement from a net cash outflow of CNY 63,949,215.90 in Q1 2019[24] Borrowings and Financing - The company received CNY 50,000,000.00 in borrowings during Q1 2020, compared to CNY 19,000,000.00 in Q1 2019, indicating a significant increase in financing activities[24] - The company’s cash and cash equivalents increased by 36.33% to CNY 16,282.49 million due to new borrowings[12] Accounting and Standards - The company did not apply new revenue and lease standards for the current year, indicating a stable accounting approach[26]