AISINO CO.LTD.(SH:600271)2020-04-29 16:00Financial Performance - Operating revenue for the reporting period was approximately CNY 3.92 billion, a decline of 26.68% compared to the same period last year[5]. - Net profit attributable to shareholders of the listed company was a loss of approximately CNY 424.29 million, a decrease of 182.79% year-on-year[5]. - Basic and diluted earnings per share were both -CNY 0.23, a decline of 182.14% compared to the same period last year[5]. - The weighted average return on net assets was -3.62%, a decrease of 8.13 percentage points compared to the previous year[5]. - The company reported a gross profit margin of approximately -0.08% in Q1 2020, compared to a positive margin in Q1 2019[19]. - Net profit for Q1 2020 was a loss of ¥359,586,189.75, compared to a profit of ¥677,297,330.39 in Q1 2019, indicating a significant decline[20]. - Total comprehensive income for Q1 2020 was a loss of ¥466,244,658.35, compared to a gain of ¥329,041,082.60 in Q1 2019[22]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 23.02 billion, a decrease of 0.48% compared to the end of the previous year[5]. - Total current assets amounted to 17,218,626,581.98 RMB, slightly down from 17,377,920,427.90 RMB at the end of the previous year[14]. - Non-current assets totaled ¥5,798,729,089.70, an increase from ¥5,750,912,426.00 in the previous period, reflecting a growth of approximately 0.83%[15]. - Current liabilities increased to ¥6,573,296,919.37 from ¥6,285,126,241.19, marking an increase of approximately 4.59%[15]. - Total liabilities rose to ¥8,998,813,328.78 from ¥8,723,393,321.19, indicating an increase of about 3.15%[16]. - The company's total equity decreased to ¥14,018,542,342.90 from ¥14,405,439,532.71, a decline of about 2.68%[16]. Cash Flow - The net cash flow from operating activities was approximately -CNY 971.90 million, an improvement of 25.43% compared to the previous year[5]. - Cash flow from operating activities for Q1 2020 was a net outflow of ¥971,903,034.36, an improvement from a net outflow of ¥1,303,335,722.27 in Q1 2019[23]. - Total cash inflow from operating activities was $522.90 million, compared to $761.35 million in the same quarter last year[25]. - Total cash outflow from operating activities reached $579.90 million, down from $1.24 billion year-over-year[25]. Shareholder Information - The total number of shareholders at the end of the reporting period was 81,724[8]. - The largest shareholder, China Aerospace Science and Industry Corporation, held 39.81% of the shares[8]. Government Support - The company received government subsidies amounting to approximately CNY 30.81 million during the reporting period[6]. Inventory and Receivables - Accounts receivable decreased by 24.89% to 1,013,248,132.54 RMB, attributed to a reduction in the use of bill settlement methods[11]. - Prepayments increased by 63.73% to 1,762,063,482.39 RMB, mainly due to higher advance payments for system integration projects[11]. - Inventory rose by 42.13% to 1,216,567,566.01 RMB, reflecting increased stock for system integration projects[11]. Financial Expenses - The company reported a significant increase in financial expenses by 64.16% to 26,699,351.26 RMB, mainly due to higher interest expenses[11]. - The company reported a significant increase in financial expenses, totaling ¥26,699,351.26 in Q1 2020, compared to ¥16,264,377.69 in Q1 2019[19]. Fair Value Changes - The fair value change loss was recorded at -425,346,900.44 RMB, a 189.07% decline, linked to the stock price drop of an investment in Zhongyou Capital[11]. - The company reported a significant fair value loss of ¥425,346,900.44 in Q1 2020, contrasting with a gain of ¥477,547,036.05 in Q1 2019[21]. Research and Development - Research and development expenses increased to ¥169,315,838.71 in Q1 2020, up 19.8% from ¥141,381,939.78 in Q1 2019[19].