SWEC(SH:600641)2020-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 317,142,014.50, down 32.03% year-on-year[8] - Net profit attributable to shareholders was CNY 77,445,281.91, a decrease of 62.87% compared to the same period last year[8] - Basic earnings per share were CNY 0.1021, down 61.30% from CNY 0.2638 in the previous year[8] - The company's operating revenue for Q1 2020 was CNY 317,142,014.50, a decrease of 32.03% compared to CNY 466,569,728.91 in Q1 2019[18] - Net profit for Q1 2020 was CNY 77,975,095.40, a decline of 62.7% from CNY 208,665,852.34 in Q1 2019[46] - The company's total revenue for Q1 2020 was CNY 692.36 million, a decrease of 5.5% compared to CNY 732.56 million in Q1 2019[49] - The net profit for Q1 2020 was a loss of CNY 615.04 million, compared to a profit of CNY 45.67 million in Q1 2019, indicating a significant decline[49] - Operating profit for Q1 2020 was a loss of CNY 386.19 million, compared to a profit of CNY 18.07 million in Q1 2019[49] Cash Flow - Net cash flow from operating activities was negative CNY 78,550,344.70, a decline of 151.65% year-on-year[8] - Cash flow from operating activities for Q1 2020 was a net outflow of CNY 78.55 million, compared to an inflow of CNY 152.08 million in Q1 2019[57] - The company reported cash inflows from investment activities of CNY 617.81 million in Q1 2020, while cash outflows were CNY 1.21 billion, resulting in a net cash outflow of CNY 593.45 million[57] - The net cash flow from investment activities was -603,025,558.44, an improvement from -1,603,186,241.95 in Q1 2019[61] - The net cash flow from financing activities improved to 38,700,000.00 from -73,807,796.69 in the previous year[61] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,039,916,854.45, a decrease of 3.38% compared to the end of the previous year[8] - Total current assets decreased to ¥5,289,212,422.98 from ¥5,533,854,690.03, a decline of approximately 4.4%[29] - Total liabilities decreased to ¥685,427,344.75 from ¥1,010,133,987.48, a decrease of about 32.1%[32] - Total current liabilities decreased to ¥491,623,568.52 from ¥814,043,082.57, a significant reduction of approximately 39.6%[32] - The total amount of financial assets increased by 44.17% to CNY 1,941,541,033.99 in Q1 2020 from CNY 1,346,689,927.24 in Q1 2019[17] - The company's short-term borrowings rose by 54.79% to CNY 15,500,000.00 in Q1 2020 from CNY 10,013,291.67 in Q1 2019[17] Shareholder Information - The top shareholder, Shanghai Pudong Technology Investment Co., Ltd., holds 28.16% of the shares, with 171,000,000 shares pledged[12] - Total equity attributable to shareholders increased to ¥6,350,841,659.71 from ¥6,272,787,307.86, an increase of approximately 1.2%[34] - The total equity decreased slightly from CNY 2,607,978,308.53 to CNY 2,607,363,270.80, a decline of 0.02%[42] Government Support and Other Income - The company received government subsidies amounting to CNY 1,131,816.34, related to special support[8] - The investment income for Q1 2020 was CNY 4,817,436.66, representing a 239.56% increase from CNY 1,418,743.95 in Q1 2019[18] - The company reported a significant increase in investment income to CNY 4.98 million in Q1 2020, up from CNY 1.42 million in Q1 2019[49] Financial Reporting and Audit - The first quarter report has not been audited, ensuring the accuracy of the financial statements is guaranteed by the management[7] - The company has not disclosed any new product developments or market expansion strategies in this report[8] - Research and development expenses were not detailed in the current report, indicating a potential area for future focus[46] - The company has implemented new revenue and leasing standards effective from January 1, 2020, impacting financial reporting[76]