QJSL(SH:600283)2020-04-29 16:00Financial Performance - Operating revenue for the period was ¥275,253,326.92, reflecting a growth of 6.37% year-on-year[5] - Net profit attributable to shareholders was ¥5,975,573.23, a decrease of 18.58% compared to the same period last year[5] - Basic earnings per share decreased by 25.00% to ¥0.03 from ¥0.04 in the previous year[5] - The company reported non-recurring gains of ¥6,287,737.45 for the period[9] - The company’s weighted average return on equity decreased by 0.15 percentage points to 0.66%[5] - The diluted earnings per share also decreased by 25.00% to ¥0.03 from ¥0.04 in the previous year[5] - The gross profit margin for Q1 2020 was approximately 10.0%, down from the previous year's margin[23] - The net profit for Q1 2020 was CNY 18,772,055.93, a decrease of 19.5% from CNY 23,299,452.27 in Q1 2019[24] - The company reported a total comprehensive income of -¥545,581.11 for Q1 2020, compared to -¥2,447,006.05 in Q1 2019[28] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,226,767,786.03, an increase of 1.07% compared to the end of the previous year[5] - Accounts receivable increased by 51.34% to RMB 114,075,580.76 due to revenue growth[12] - Prepayments rose by 39.79% to RMB 9,535,634.95 primarily from increased advance payments by subsidiaries[12] - Other current assets decreased by 64.12% to RMB 20,428,397.97 due to reclassification under new revenue standards[12] - Construction in progress increased by 38.14% to RMB 215,533,395.68 due to higher investment in engineering projects by subsidiaries[12] - Contract liabilities reached RMB 507,678,174.29, reflecting a 100% increase due to reclassification under new revenue standards[12] - The total liabilities were CNY 716,956,567.72, compared to CNY 712,177,186.96 in the previous year, indicating a slight increase[21] - The total assets as of March 31, 2020, were 5,171,402,341.71 RMB, compared to 5,130,751,359.61 RMB at the beginning of the year, showing an increase of approximately 0.8%[37] - The total liabilities as of March 31, 2020, were 2,819,202,699.51 RMB, up from 2,778,551,717.41 RMB at the beginning of the year, indicating an increase of approximately 1.5%[38] Cash Flow - Cash flow from operating activities was ¥40,283,448.39, down 16.04% from the previous year[5] - Net cash flow from operating activities decreased by 16.04% to RMB 40,283,448.39[13] - The cash flow from operating activities for Q1 2020 was ¥40,283,448.39, down from ¥47,981,840.09 in Q1 2019[30] - The investment activities resulted in a net cash outflow of -¥55,765,828.16 for Q1 2020, compared to -¥79,387,015.84 in Q1 2019, indicating improved cash management[31] - The company reported a total cash outflow from operating activities of 44,945,398.54 RMB in Q1 2020, compared to 63,771,558.80 RMB in Q1 2019, a decrease of approximately 29.5%[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,669[10] - The largest shareholder, China Water Investment Co., Ltd., held 33.55% of shares, totaling 118,436,629 shares[10] Research and Development - Research and development expenses surged by 100% to RMB 1,630,372.88 due to increased R&D investments[13] - The company reported a decrease in research and development expenses to CNY 1,630,372.88 in Q1 2020, compared to the previous year[23] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[22] - The company implemented new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting[35] - The company is not applicable for the retrospective adjustment of prior comparative data under new accounting standards[44]