YXMC(SH:600213)2020-04-29 16:00Financial Performance - Operating revenue decreased by 26.41% to CNY 263,820,364.87 compared to the same period last year[5]. - Net profit attributable to shareholders was a loss of CNY 36,804,619.48, compared to a profit of CNY 1,126,172.53 in the same period last year[5]. - The company reported a net loss of ¥473,559,578.48, compared to a loss of ¥436,754,959.00 in the previous year[19]. - The net loss for Q1 2020 was ¥40,355,863.56, compared to a net profit of ¥1,134,211.59 in Q1 2019[27]. - The operating profit for Q1 2020 was also a loss of ¥33,029,657.13, contrasting with a profit of ¥999,891.69 in the same period last year[29]. - The company reported a financial expense of ¥23,362,350.92 in Q1 2020, down from ¥33,065,819.54 in Q1 2019, indicating improved cost management[29]. Assets and Liabilities - Total assets decreased by 2.79% to CNY 4,809,867,185.06 compared to the end of the previous year[5]. - Total liabilities decreased to ¥4,587,502,004.93 from ¥4,685,987,234.60 year-over-year[19]. - Total assets decreased from ¥4,759,741,887.51 to ¥4,575,117,524.93, a decline of about 3.9%[22]. - Total liabilities decreased from ¥4,593,117,386.30 to ¥4,440,753,619.81, a reduction of approximately 3.3%[23]. - The total liabilities were 4,685,987,234.60 RMB as of Q1 2020, remaining stable compared to the previous year[42]. - Current liabilities reached approximately $3.61 billion, including short-term borrowings of $314.80 million and accounts payable of $999.17 million[44]. Shareholder Information - Net assets attributable to shareholders decreased by 20.65% to CNY 138,004,176.03 compared to the end of the previous year[5]. - The total number of shareholders at the end of the reporting period was 23,750[10]. - The largest shareholder, Weichai (Yangzhou) Yaxing Automobile Co., Ltd., holds 51.00% of the shares[10]. - The total equity attributable to shareholders was 173,926,367.63 RMB in Q1 2020, consistent with the previous year[42]. Cash Flow - Net cash flow from operating activities increased by 48.51% to CNY 158,677,432.30 compared to the same period last year[5]. - The cash flow from operating activities for Q1 2020 was ¥158,677,432.30, an increase of 48.5% from ¥106,842,941.17 in Q1 2019[33]. - The cash flow from financing activities for Q1 2020 showed a net outflow of ¥181,006,025.72, compared to a net outflow of ¥103,030,130.13 in Q1 2019[34]. - The net cash flow from investing activities was -649,587.77 RMB in Q1 2020, compared to -2,156,188.00 RMB in the same period of 2019[37]. - The company reported a net decrease in cash and cash equivalents of -26,563,356.85 RMB in Q1 2020, compared to -6,521,406.79 RMB in Q1 2019[37]. Research and Development - R&D expenses increased by 46.17% to ¥9,943,303.73, primarily due to higher technical service fees[13]. - Research and development expenses increased to ¥9,943,303.73 from ¥6,802,662.56, marking a rise of 46.5%[26]. - Research and development expenses increased to ¥6,122,259.20 in Q1 2020, up from ¥5,034,126.36 in Q1 2019, reflecting a focus on innovation[29]. Other Financial Metrics - The weighted average return on net assets decreased by 24.20 percentage points to -23.60%[5]. - Basic earnings per share were CNY -0.17, compared to CNY 0.01 in the same period last year[5]. - Basic and diluted earnings per share for Q1 2020 were both -¥0.17, compared to ¥0.01 in Q1 2019[28]. - Other income increased significantly by 684.79% to ¥3,205,876.11 due to increased government subsidies related to production[13].