MIHF(SH:600337)2020-04-28 16:00Financial Performance - Operating revenue for the first quarter was ¥437,334,951.73, a significant decline of 58.99% compared to ¥1,066,520,472.27 in the same period last year[6] - Net profit attributable to shareholders was a loss of ¥266,788,859.61, representing a decrease of 499.05% compared to a profit of ¥66,856,510.43 in the previous year[6] - Basic and diluted earnings per share were both -¥0.16, a decline of 500.00% from ¥0.04 in the same period last year[6] - The company reported a net loss of ¥366,362,751.67 for Q1 2020, compared to a profit in Q1 2019[42] - The total comprehensive income for Q1 2020 was CNY -208,551,360.34, compared to CNY 69,795,645.26 in Q1 2019[50] Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,243,841,626.15, an increase of 1.63% compared to the end of the previous year[6] - Total current assets as of March 31, 2020, amounted to CNY 4,328,972,207.78, compared to CNY 4,254,266,709.23 as of December 31, 2019[28] - Total liabilities as of March 31, 2020, were CNY 3,961,362,932.59, an increase from CNY 3,474,682,394.90 as of December 31, 2019[30] - The company’s total assets reached ¥10,598,212,627.71, up from ¥10,129,314,561.68, indicating a growth of 4.6%[38] - Total liabilities increased to ¥6,479,151,677.91 in Q1 2020, up from ¥5,703,243,846.44 in Q4 2019, representing a rise of 13.6%[38] Cash Flow - The net cash flow from operating activities was -¥121,909,845.09, an improvement from -¥296,939,075.61 in the previous year[6] - In Q1 2020, the net cash flow from operating activities was -235,320,025.63 RMB, compared to -18,842,055.36 RMB in Q1 2019, indicating a significant decline in operational performance[56] - Total cash inflow from operating activities was 1,775,139,734.25 RMB, while cash outflow was 2,010,459,759.88 RMB, resulting in a net cash outflow of 235.32 million RMB[56] - The company experienced a net decrease in cash and cash equivalents of -145,964,721.48 RMB in Q1 2020, compared to -378,245,122.67 RMB in Q1 2019, indicating an improvement[57] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,326[10] - Major shareholder, 美克投资集团有限公司, holds 17.25% of shares, with 305,506,244 shares pledged[10] Operating Costs and Revenue - Total operating costs for Q1 2020 were ¥803,697,703.40, down from ¥990,049,061.61 in Q1 2019, reflecting a reduction of 18.8%[42] - Operating costs included ¥284,093,795.85 in cost of goods sold, which decreased by 41.6% from ¥486,397,581.11 in the previous year[42] - Cash received from sales of goods and services decreased by 36.72% to approximately ¥740.80 million from ¥1.17 billion in Q1 2019[21] - The company reported a significant increase in asset disposal gains, rising by 5045.45% to approximately ¥36.81 million compared to ¥715,472.76 in Q1 2019[19] Other Income and Expenses - The company reported non-operating income of ¥42,087,998.32, which includes government subsidies and gains from the disposal of non-current assets[8][9] - Other income increased by 293.31% to approximately ¥7.56 million, driven by higher government subsidies and rewards compared to the previous year[19] - The research and development expenses for Q1 2020 were CNY 5,543,231.84, an increase from CNY 4,597,528.66 in Q1 2019[49]