SCIE(600546)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders was CNY 204.99 million, down 7.05% year-on-year[6]. - Operating revenue for the period was CNY 7.57 billion, representing a decrease of 7.80% compared to the same period last year[6]. - Basic earnings per share were CNY 0.10, down 9.09% from the previous year[6]. - The company reported a significant increase in operating expenses due to donations made for pandemic prevention efforts, with other operating expenses rising by 226.78% to ¥29,722,962.60 from ¥9,095,781.15[12]. - Net profit for Q1 2020 was CNY 325,548,924.51, compared to CNY 447,037,053.46 in Q1 2019, representing a decline of 27.2%[23]. - Operating profit decreased to CNY 96,374,937.87 in Q1 2020, a decline of 37% from CNY 152,981,015.84 in Q1 2019[25]. Cash Flow - Net cash flow from operating activities was negative CNY 71.59 million, a decline of 111.46% year-on-year[6]. - The company reported a net cash flow from operating activities of -¥71,588,523.19, a decline of 111.46% compared to ¥624,731,631.99 in the previous year, due to decreased advance payments and increased procurement payments[12]. - Cash flow from operating activities showed a net outflow of CNY 71,588,523.19 in Q1 2020, compared to a net inflow of CNY 624,731,631.99 in Q1 2019[28]. - The company reported a decrease in cash inflow from operating activities, totaling CNY 6,783,746,023.87 in Q1 2020, down from CNY 9,603,552,097.13 in Q1 2019[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 42.19 billion, a decrease of 2.44% compared to the end of the previous year[6]. - Total liabilities decreased to CNY 31.33 billion from CNY 32.84 billion, a decline of approximately 4.6%[17]. - Current liabilities decreased to CNY 20.63 billion from CNY 23.10 billion, a reduction of about 10.7%[16]. - Long-term borrowings increased by 14.68% to ¥8,107,292,206.16 from ¥7,069,346,388.33, reflecting adjustments in the company's financing structure[11]. - The company's total liabilities amounted to CNY 25,030,550,566.50, a decrease from CNY 26,155,797,385.77 year-over-year[21]. Shareholder Information - The total number of shareholders at the end of the reporting period was 45,695[8]. - The largest shareholder, Shanxi Coal Import and Export Group Co., Ltd., held 60.43% of the shares[8]. - The company's equity attributable to shareholders increased to CNY 8.72 billion from CNY 8.44 billion, an increase of about 3.3%[17]. Revenue and Expenses - Cash received from sales of goods and services decreased by 20.44% to ¥6,563,977,005.29 from ¥8,249,900,885.92, impacted by reduced cash inflow due to the pandemic[12]. - Sales expenses rose by 75.96% to ¥247,253,717.77 from ¥140,514,089.62, primarily due to the company's shift to a "premium coal strategy" which increased transportation costs[12]. - The company reported a decrease in research and development expenses to CNY 7,626,136.09 from CNY 10,512,972.39 in the previous year, a reduction of 27.0%[22]. Inventory and Receivables - The company reported a significant increase in accounts receivable to CNY 470.62 million from CNY 312.34 million, an increase of approximately 50.8%[19]. - The company’s inventory rose to CNY 36.87 million from CNY 6.59 million, an increase of about 459.5%[19]. - Accounts receivable financing increased by 32.44% to ¥562,404,658.27 from ¥424,654,199.60, attributed to an increase in bank acceptance bill settlements[11]. Investment Activities - The company did not engage in any external investment activities during the reporting period, leading to a 100% decrease in cash paid for investments[12]. - The company executed a new revenue recognition standard starting January 1, 2020, which did not have a significant impact on the financial statements[42].