DYEC(SH:600403)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 76.26% to CNY 36,521,793.75 year-on-year[10] - Operating income slightly decreased by 0.28% to CNY 1,565,260,149.48 compared to the same period last year[10] - The company reported a significant decrease in net profit excluding non-recurring items, down 152.61% to CNY -70,890,236.88[10] - Total revenue for Q1 2020 was CNY 988,459,073.76, down from CNY 1,107,892,715.89 in Q1 2019, representing a decline of approximately 10.8%[46] - Operating profit for Q1 2020 was CNY -91,811,350.07, compared to CNY -12,976,342.77 in Q1 2019, indicating a worsening performance[46] - Total comprehensive income for Q1 2020 was CNY 29,243,637.87, down from CNY 140,938,579.01 in the previous period[42] - The company experienced a net loss attributable to minority shareholders of CNY -7,278,155.88, compared to a loss of CNY -12,910,218.91 in the previous period[42] Cash Flow - Net cash flow from operating activities decreased by 47.14% to CNY 135,332,646.58 year-on-year[10] - Cash inflow from operating activities was CNY 1,457,728,834.41, a decrease from CNY 2,204,819,360.64 in the same period last year[48] - The company reported a net cash outflow from operating activities of CNY 765,422,290.90 for Q1 2020, compared to CNY 646,689,404.48 in Q1 2019[48] - Cash inflow from operating activities totaled 1,156,626,619.94 CNY, down 32.6% from 1,716,972,748.87 CNY in the same quarter last year[53] - Cash outflow from operating activities was 1,094,898,699.11 CNY, a decrease of 28.5% compared to 1,530,883,266.73 CNY in the previous year[53] - The cash flow from investment activities was negative at -35,161,022.56 CNY, compared to -42,592,990.29 CNY in the prior period, indicating a reduced outflow[51] Assets and Liabilities - Total assets increased by 5.68% to CNY 19,526,045,384.22 compared to the end of the previous year[10] - Total liabilities increased to ¥12,292,919,858.27 from ¥11,263,790,025.58, which is an increase of approximately 9.12%[30] - The total current assets reached ¥10,304,551,089.52, up from ¥9,190,380,043.98, indicating an increase of about 12.09%[28] - The total current liabilities increased to ¥11,079,512,906.77 from ¥10,010,166,852.83, which is an increase of about 10.68%[30] - The company's short-term borrowings increased to ¥5,942,000,000.00 from ¥5,470,000,000.00, reflecting an increase of approximately 8.59%[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,603[12] - The largest shareholder, Yima Coal Industry Group Co., Ltd., holds 63.04% of the shares, with 738,519,900 shares pledged[12] Expenses - Management expenses increased by ¥94,801,512.73, a rise of 51.35%, primarily due to increased labor costs and related expenses after capacity reduction at the Yejin Coal Mine[19] - Research and development expenses decreased by ¥11,047,262.99, a decline of 74.71%, mainly due to work stoppages caused by the pandemic[19] - Financial expenses increased to CNY 14,448,421.41 in Q1 2020, compared to CNY 4,181,180.21 in Q1 2019, primarily due to higher interest expenses[46] Non-Recurring Items - Non-recurring gains and losses included a profit of CNY 1,315,257.92 from the disposal of non-current assets[10] - Non-operating income increased by ¥63,061,511.52, a growth of 112.65%, mainly due to receiving capacity reduction subsidy funds in the first quarter[19]