TJ(SH:600667)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 11.94% to CNY 107,450,249.46 year-on-year[12] - Operating revenue decreased by 1.33% to CNY 3,757,026,549.68 compared to the same period last year[12] - The company reported a significant increase of 313.04% in trading financial assets, totaling CNY 190,000,000.00 due to increased purchases of bank wealth management products[20] - Total operating revenue for Q1 2020 was approximately ¥3.76 billion, a decrease of 1.32% from ¥3.81 billion in Q1 2019[44] - Net profit for Q1 2020 was approximately ¥129.18 million, an increase of 10.06% compared to ¥117.10 million in Q1 2019[46] - The profit attributable to shareholders of the parent company for Q1 2020 was approximately ¥107.45 million, up from ¥95.99 million in Q1 2019, reflecting a growth of 12.83%[46] - The total profit for Q1 2020 was approximately ¥146.91 million, an increase of 10.00% from ¥132.85 million in Q1 2019[44] Assets and Liabilities - Total assets increased by 6.28% to CNY 21,307,391,118.63 compared to the end of the previous year[12] - Total liabilities increased to CNY 13,587,699,449.79 from CNY 12,479,539,328.10, representing a growth of approximately 8.9%[33] - Total equity rose to CNY 7,719,691,668.84 from CNY 7,569,249,290.41, indicating an increase of about 2.0%[33] - Total current assets decreased to CNY 228,080,244.54 from CNY 239,275,012.47, reflecting a decrease of about 4.8%[37] - Non-current assets totaled CNY 6,385,561,446.94, slightly down from CNY 6,386,145,335.29, a decrease of approximately 0.01%[37] - Total liabilities and equity increased to CNY 21,307,391,118.63 from CNY 20,048,788,618.51, an increase of approximately 6.3%[33] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 731,406,320.04, worsening from a net outflow of CNY 575,824,093.82 in the previous year[12] - Cash inflow from operating activities totaled 3,397,561,530.05 RMB, up from 3,219,482,003.58 RMB year-over-year[55] - The net cash flow from operating activities was -731,406,320.04 RMB, worsening from -575,824,093.82 RMB in the previous year[55] - Cash inflow from financing activities was 1,554,935,576.75 RMB, significantly higher than 1,020,985,387.50 RMB in the same quarter of 2019[55] - The net cash flow from financing activities was 766,670,821.53 RMB, compared to 197,919,524.01 RMB in the previous year, showing a strong increase[55] Shareholder Information - The total number of shareholders reached 126,262 by the end of the reporting period[16] - The top shareholder, Wuxi Industrial Development Group Co., Ltd., holds 29.92% of the shares[16] Inventory and Receivables - Accounts receivable increased by 65.31% to CNY 210,898,695.59, primarily due to an increase in settlement notes from general contracting project payments[20] - Inventory decreased by 70.77% to ¥573.54 million from ¥1.96 billion, due to reclassification under new revenue standards[22] - Accounts receivable financing increased to ¥231.72 million, up 35.78% from ¥170.67 million[22] - Prepayments rose to ¥2.03 billion, a 37.58% increase from ¥1.48 billion, primarily due to large-scale project procurement[22] Employee Compensation and Expenses - Employee compensation payable decreased by 55.94% to ¥115.25 million from ¥261.55 million, primarily due to the distribution of last year's bonuses[22] - Research and development expenses for Q1 2020 were approximately ¥104.39 million, slightly down from ¥105.00 million in Q1 2019[44] - Financial expenses for Q1 2020 were approximately ¥47.79 million, a decrease from ¥49.68 million in Q1 2019[44] Other Financial Metrics - The weighted average return on net assets increased by 0.09 percentage points to 1.56%[12] - Other income rose significantly by 163.64% to ¥14.69 million from ¥5.57 million, attributed to increased government subsidies[22] - The company reported a decrease in undistributed profits to CNY 1,467,781,980.11 from CNY 1,365,923,682.17, an increase of about 7.5%[33] - The company’s long-term borrowings decreased to CNY 250,377,141.20 from CNY 262,895,949.46, a decline of approximately 4.8%[38]