SDHS(SH:600350)2020-04-23 16:00Financial Performance - Net profit attributable to shareholders was -¥319,456,065.03, a decrease of 152.50% year-on-year[4] - Operating revenue for the quarter was ¥741,453,262.83, down 53.74% from ¥1,602,669,691.85 in the same period last year[4] - Basic earnings per share were -¥0.066, a decrease of 152.38% from ¥0.126 in the same period last year[4] - The weighted average return on net assets was -1.00%, down 3.21 percentage points from 2.21% in the previous year[4] - The company reported a significant decrease in net profit attributable to minority shareholders, which was -RMB 13,166,580.84, compared to a profit of RMB 38,611,275.25 in the previous year, a decline of 134.10%[13] - The company reported a net loss of -¥304,397,167.56 for Q1 2020, a significant decline from a profit of ¥846,119,609.05 in Q1 2019[23] - The net profit attributable to shareholders of the parent company was -319,456,065.03 CNY, compared to 608,539,210.86 CNY in the previous period, indicating a significant decline[24] Revenue and Costs - Operating revenue for Q1 2020 was 518,833,086.85 CNY, a decrease from 1,088,118,678.31 CNY in Q1 2019[26] - Total operating costs increased to ¥1,210,333,707.23, up from ¥925,442,521.20 in the same period last year, representing a 30.85% increase[23] - Operating profit for Q1 2020 was -¥315,862,897.97, compared to a profit of ¥835,543,480.58 in Q1 2019[23] - The company’s financial expenses for Q1 2020 were RMB 338,636,981.32, a 35.71% increase from RMB 249,523,799.57 in Q1 2019, attributed to increased interest expenses from borrowings[13] Assets and Liabilities - Total assets at the end of the reporting period reached ¥80,991,878,712.64, an increase of 0.79% compared to the end of the previous year[4] - Total liabilities increased significantly, with cash received from borrowings reaching RMB 4,755,399,799.87, a 204.17% increase compared to RMB 1,563,400,000.00 in the previous year[15] - The total liabilities of the company were CNY 46,871,336,598.24, compared to CNY 45,972,187,024.42 at the end of 2019, showing an increase of about 1.96%[20] - The company's non-current assets totaled CNY 71,409,434,751.73, slightly up from CNY 71,054,787,402.23 at the end of 2019, reflecting a growth of approximately 0.50%[19] - The company's total equity stood at CNY 34,120,542,114.40, down from CNY 34,387,438,388.88, indicating a decrease of approximately 0.78%[20] Cash Flow - Net cash flow from operating activities was ¥113,249,143.08, a significant decline of 92.65% compared to the previous year[4] - The cash inflow from operating activities totaled 870,086,664.68 RMB, down from 2,287,163,610.48 RMB in Q1 2019, indicating a decline in operational performance[31] - The total cash inflow from investment activities was 526,809,423.48 RMB, compared to 1,475,850,702.68 RMB in Q1 2019, indicating a decline in investment returns[31] - The net cash flow from financing activities was 2,524,049,087.12 RMB, up from 1,127,700,271.38 RMB in the previous year, reflecting increased borrowing[32] - The company experienced a net increase in cash and cash equivalents of 606,475,620.78 RMB, compared to 2,146,271,255.80 RMB in the same quarter of the previous year[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 56,484[8] - The largest shareholder, Shandong Expressway Group Co., Ltd., held 2,870,656,188 shares, accounting for 59.67% of total shares[8] Government Subsidies - The company received government subsidies amounting to ¥6,310,000.00, primarily from its subsidiary Shandong Expressway Investment Development Co., Ltd.[6] Other Financial Metrics - The company's accounts receivable rose significantly to RMB 47,004,987.18, a 619.52% increase from RMB 6,532,791.88 in the previous period[12] - The deferred income increased to RMB 893,738,501.85, representing a 57.96% increase from RMB 565,805,432.20 in the previous period[12] - The company's inventory was reported at CNY 1,554,974,252.12, showing a slight increase from CNY 1,554,769,993.10 at the end of 2019[18]