ZPMC(SH:600320)2020-04-28 16:00Financial Performance - Operating revenue decreased by 7.56% to CNY 4,415,427,928 compared to the same period last year[4] - Net profit attributable to shareholders was a loss of CNY 92,971,034, a decrease of 193.92% compared to the same period last year[4] - Basic earnings per share were CNY -0.018, a decrease of 194.74% compared to the same period last year[4] - Total revenue for Q1 2020 was 4,415,427,928 RMB, a decrease of 7.57% compared to 4,776,791,974 RMB in Q1 2019[27] - Net profit for Q1 2020 was -113,980,466 RMB, compared to a net profit of 69,616,125 RMB in Q1 2019, indicating a significant decline[29] - Total comprehensive income for Q1 2020 was CNY 83,835,929, compared to CNY 196,873,477 in Q1 2019, reflecting a decline of 57.5%[33] Assets and Liabilities - Total assets increased by 8.53% to CNY 80,757,132,993 compared to the end of the previous year[4] - Total liabilities reached CNY 64,101,629,184, up from CNY 55,839,746,855, which is an increase of about 14.5%[21] - Current assets totaled CNY 42,178,126,725, compared to CNY 35,569,561,289, reflecting a growth of about 18.5%[20] - Accounts receivable increased by 93.54% to ¥9,611,721,974 compared to ¥4,966,175,528 in the previous period, primarily due to the implementation of new revenue recognition standards[10] - Inventory rose by 161.51% to ¥22,388,572,785 from ¥8,561,251,580, also attributed to adjustments from the new revenue recognition standards[10] - Total liabilities increased from ¥55.84 billion to ¥63.42 billion, a rise of ¥7.58 billion[41] Cash Flow - Net cash flow from operating activities was a negative CNY 375,004,585, a decrease of 726.91% compared to the same period last year[4] - Cash flow from financing activities in Q1 2020 was positive at CNY 1,514,232,655, compared to CNY 645,581,337 in Q1 2019, an increase of 134.0%[35] - Cash received from sales of goods and services was CNY 4,257,438,513 in Q1 2020, down 20.0% from CNY 5,315,779,747 in Q1 2019[34] - The net cash flow from operating activities was -$808.46 million, compared to -$376.61 million in the previous period, indicating a decline in operational performance[36] Shareholder Information - The company had a total of 229,714 shareholders at the end of the reporting period[6] - The top three shareholders held a combined total of 2,435,021,259 shares, representing 46.229% of the total shares[6] Revenue Recognition Standards - The company adopted new revenue recognition standards starting January 1, 2020, impacting the accounting treatment of contracts[42] - The new revenue recognition model reflects the transfer of control of goods or services to customers, impacting the timing and amount of revenue recognized[46] - The change in revenue recognition method led to retrospective adjustments in the company's balance sheet as of January 1, 2020[46]