HBSXNBM(SH:600293)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -207,205,393.65, a decrease of 644.49% year-on-year[5] - Operating revenue for the period was CNY 453,415,627.41, representing a decline of 75.13% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY -209,772,370.19, a decrease of 703.43% year-on-year[5] - Total operating revenue for Q1 2020 was CNY 453,415,627.41, a significant decrease of 75.1% compared to CNY 1,823,183,917.09 in Q1 2019[27] - Net profit for Q1 2020 was a loss of CNY 207,496,502.63, compared to a profit of CNY 38,237,919.07 in Q1 2019, marking a decline of 644.3%[28] Cash Flow - The net cash flow from operating activities was CNY -21,440,072.23, a decrease of 125.66% year-on-year[5] - Cash flow from operating activities for Q1 2020 was -21,440,072.23, a decline from 83,563,343.45 in Q1 2019[34] - Cash inflow from operating activities totaled 610,783,652.72 in Q1 2020, down 66.7% from 1,833,401,679.05 in Q1 2019[34] - Cash outflow from operating activities was 632,223,724.95 in Q1 2020, compared to 1,749,838,335.60 in Q1 2019[34] - The company received $75.49 million in cash related to operating activities, compared to $21.07 million in the previous year[38] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 6,967,043,873.99, an increase of 1.35% compared to the end of the previous year[5] - The company's total liabilities increased, with accounts payable rising by 56.43% to CNY 401,952,851.02, reflecting increased issuance of acceptance bills for payment[12] - Total liabilities rose to CNY 3,193,281,183.58 from CNY 2,896,483,436.51, marking an increase of approximately 10.3%[20] - The company's equity decreased to CNY 3,773,762,690.41 from CNY 3,977,883,206.69, a decline of about 5.2%[21] - Current assets totaled CNY 3,160,060,905.24, up from CNY 3,021,255,231.63, indicating an increase of about 4.61%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 44,909[10] - The largest shareholder, Xu Xizhong, held 207,387,072 shares, accounting for 17.88% of the total shares, with shares frozen[10] Inventory and Expenses - Inventory rose by 71.85% to CNY 541,774,774.54, attributed to significant product backlog caused by the pandemic[12] - Management expenses decreased by 49.61% to CNY 17,165,944.90, attributed to a reduction in personnel in the mobile internet segment[12] - Research and development expenses for Q1 2020 were CNY 1,250,815.68, down 23.1% from CNY 1,626,856.69 in Q1 2019[28] Non-Recurring Items - The company reported non-recurring gains and losses totaling CNY 2,566,976.54 for the period[8] - The company reported a significant asset impairment loss of CNY -194,669,536.23 in Q1 2020, contrasting with a minor gain of CNY 5,366.26 in Q1 2019[28] Future Outlook - The company anticipates a cumulative net loss for the year, primarily due to the impact of COVID-19 on its flat glass segment and liquidity issues faced by its subsidiary[15] - The company plans to terminate its share repurchase program due to financial constraints, having repurchased 1,987,000 shares, which is 0.17% of the total share capital[13]