FOTON(SH:600166)2020-04-29 16:00Financial Performance - Operating revenue decreased by 34.78% to CNY 9.22 billion year-on-year[4] - Net profit attributable to shareholders was a loss of CNY 295.71 million, a decrease of 468.78% compared to the previous year[4] - Basic earnings per share dropped by 475.00% to CNY -0.045 per share[5] - The company's gross profit margin was adversely affected, leading to an operating loss of RMB -295,378,076.48, a decrease of 556.62% from the previous year[17] - The net profit for Q1 2020 was a loss of CNY 301,410,384.58, compared to a profit of CNY 65,131,870.06 in Q1 2019[30] - Total comprehensive income for Q1 2020 was a loss of CNY 309,765,583.35, compared to a gain of CNY 57,549,055.69 in Q1 2019[31] - The company reported a net loss of ¥1,410,368,743.72 compared to a loss of ¥1,114,660,694.51 in the previous period, reflecting a worsening of approximately 26.6%[24] Cash Flow - Net cash flow from operating activities was negative at CNY -1.11 billion, a decline of 157.65% year-on-year[4] - Cash flow from operating activities was RMB -1,109,143,132.60, a decline of 157.65% compared to RMB 1,923,801,544.18 in the previous year[18] - Cash outflow from operating activities increased to 8,107,213,604.33 RMB, compared to 6,965,404,068.52 RMB in Q1 2019[34] - Cash flow from financing activities resulted in a net inflow of ¥945,350,220.97, a turnaround from a net outflow of ¥2,338,730,831.94 in the previous period[20] - The company reported a significant increase in cash received from loans, totaling 6,627,042,335.55 RMB in Q1 2020, compared to 2,500,000,000.00 RMB in Q1 2019[38] Assets and Liabilities - Total assets increased by 2.57% to CNY 54.54 billion compared to the end of the previous year[4] - The company’s total liabilities increased significantly, with a notable rise in contract liabilities amounting to RMB 3,316,267,297.33, reflecting the implementation of new revenue recognition standards[14] - Total liabilities increased to ¥39,633,301,202.44 from ¥37,957,326,049.33, representing a growth of approximately 4.4% year-over-year[24] - Total current assets increased to ¥25,011,457,000.43 from ¥24,185,853,608.85 year-over-year, reflecting a growth of approximately 3.42%[22] - Total liabilities reached ¥37,957,326,049.33, with non-current liabilities at ¥3,839,145,157.26[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 159,417[9] - The largest shareholder, Beijing Automotive Group, held 1.81 billion shares, representing 27.46% of the total shares[10] - The company repurchased a total of 86,904,743 shares, representing 1.48% of the total share capital as of March 31, 2020[11] Research and Development - Research and development expenses rose to RMB 419,138,428.60, an increase of 101.74% compared to RMB 207,766,210.35 in the previous year[15] - Research and development expenses increased to CNY 419,138,428.60 in Q1 2020, up 101.9% from CNY 207,766,210.35 in Q1 2019[29] Other Income and Expenses - The company reported a non-operating income of CNY 21.76 million, primarily from government subsidies and other non-recurring gains[8] - Other income for Q1 2020 was CNY 5,439,851.40, down from CNY 18,418,256.84 in Q1 2019[29] - Investment income for Q1 2020 was CNY 56,264,439.82, a decrease of 68.9% from CNY 181,375,650.26 in Q1 2019[29] Inventory and Receivables - The company’s inventory rose to ¥5,061,534,837.68, compared to ¥4,448,516,583.52, representing a growth of 13.78%[22] - Accounts receivable decreased to ¥6,712,046,618.02 from ¥7,387,221,095.18, reflecting a decline of approximately 9.1%[26] - Other receivables decreased by 34.31% to RMB 2,509,721,960.05, down from RMB 3,820,654,593.90, primarily due to the recovery of part of the equity transfer payment[13]