SHRC(SH:600392)2020-04-24 16:00Financial Performance - Operating revenue rose by 12.30% to CNY 1,777,544,063.30 year-on-year[4] - Net profit attributable to shareholders decreased by 69.02% to CNY 10,759,975.70 compared to the same period last year[4] - Basic earnings per share dropped by 69.19% to CNY 0.0061 from CNY 0.0198 in the same period last year[4] - The company reported a significant decrease in net profit due to non-recurring losses, with a total of CNY 3,833,879.81 from various non-operating income and expenses[5] - The net profit decreased by 52.04% to RMB 17,881,039.85, attributed to a 3.2% reduction in product gross margin due to market fluctuations[9] - Total operating revenue for Q1 2020 was CNY 1,777,544,063.30, an increase of 12.3% compared to CNY 1,582,785,483.20 in Q1 2019[19] - Net profit for Q1 2020 was CNY 17,881,039.85, a decrease of 52.0% from CNY 37,280,326.41 in Q1 2019[20] - The comprehensive income total for Q1 2020 was CNY -7,536,716.81, compared to CNY 24,255,073.53 in Q1 2019, indicating a significant decline[20] Assets and Liabilities - Total assets increased by 2.32% to CNY 9,668,562,167 compared to the end of the previous year[4] - The company's accounts receivable increased by 70.95% to RMB 1,264,828,602.97 due to delayed payments influenced by the Spring Festival and the pandemic[8] - The company’s accounts payable increased by 85.97% to RMB 405,224,920.97, indicating a greater reliance on bill payment methods for external purchases[8] - Total liabilities increased to ¥4,201,069,312.25 from ¥3,970,550,510.14, marking a growth of around 5.8%[15] - Current liabilities rose to ¥3,987,984,403.50, compared to ¥3,751,174,203.25, indicating an increase of approximately 6.3%[14] - The company reported a total liability of CNY 665,115,039.66, an increase of 16.8% from CNY 569,165,758.96 in the previous period[19] Cash Flow - Net cash flow from operating activities improved by 12.49% to CNY -133,714,649.44 compared to the previous year[4] - The total cash flow from operating activities for Q1 2020 was -¥133,714,649.44, slightly better than -¥152,801,867.42 in Q1 2019[25] - The company achieved a cash inflow from operating activities of ¥36,473,588.19 in Q1 2020, compared to ¥440,921.07 in Q1 2019[27] - The net cash flow from financing activities for Q1 2020 was ¥56,778,922.81, down from ¥75,522,284.48 in Q1 2019[26] Research and Development - Research and development expenses rose by 142.90% to RMB 33,994,583.74 as the company intensified its focus on technological innovation and upgrades[9] - R&D expenses increased significantly to CNY 33,994,583.74 in Q1 2020, compared to CNY 13,995,327.23 in Q1 2019, reflecting a growth of 142.9%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 84,467[6] - The largest shareholder, China Geological Survey Institute, holds 14.04% of the shares[6] Government Support - The company received government subsidies amounting to CNY 5,233,357.81, which are closely related to its normal business operations[5] Other Financial Metrics - The weighted average return on equity decreased by 0.47 percentage points to 0.20%[4] - The company incurred a tax expense of CNY 10,817,392.77 in Q1 2020, which is an increase from CNY 8,908,668.80 in Q1 2019[20] - The company reported a credit impairment loss of CNY -12,605,063.35 in Q1 2020, worsening from CNY -3,078,102.72 in Q1 2019[19]