SANAN(SH:600703)2020-04-23 16:00Financial Performance - Net profit attributable to shareholders was ¥391,602,875.51, a decrease of 36.95% year-on-year[4] - Operating revenue for the period was ¥1,681,591,520.86, down 2.74% from the previous year[4] - Basic earnings per share decreased by 33.33% to ¥0.10 from ¥0.15 in the previous year[4] - The company reported a net profit excluding non-recurring gains and losses of ¥120,882,651.96, down 57.35% year-on-year[4] - Operating profit for Q1 2020 was CNY 439,949,745.14, down 36.3% from CNY 692,878,276.26 in Q1 2019[24] - Net profit for the period was CNY 442,220,331.84, a decrease of 36.3% compared to CNY 693,861,385.79 in the previous year[24] - The company's net profit for Q1 2020 was CNY 391,602,875.51, a decrease of 37.0% compared to CNY 621,145,508.86 in Q1 2019[25] - Total comprehensive income for Q1 2020 was CNY 394,071,554.41, down 35.8% from CNY 614,799,871.40 in Q1 2019[25] Cash Flow - Net cash flow from operating activities was ¥128,841,866.36, a significant decline of 84.00% compared to the same period last year[4] - Cash flow from operating activities in Q1 2020 was CNY 1,846,484,490.05, an increase of 7.4% from CNY 1,719,561,158.01 in Q1 2019[27] - Total cash inflow from operating activities in Q1 2020 was CNY 593,426,615.68, while total cash outflow was CNY 468,737,669.06, resulting in a net cash flow of CNY 124,688,946.62[29] - The ending cash and cash equivalents balance for Q1 2020 was CNY 577,242,470.80, compared to CNY 1,218,138,018.97 in Q1 2019[29] - The company reported a cash flow from investment activities of -CNY 666,937,917.47 in Q1 2020, compared to -CNY 871,375,748.48 in Q1 2019[28] Assets and Liabilities - Total assets at the end of the reporting period reached ¥30,288,805,574.56, an increase of 2.05% compared to the end of the previous year[4] - Current assets totaled CNY 10,281,890,876.12, slightly up from CNY 10,263,129,359.46, indicating a marginal increase of 0.18%[18] - Total liabilities rose to CNY 8,149,705,968.11 from CNY 7,935,343,472.86, which is an increase of approximately 2.69%[18] - The company's equity attributable to shareholders reached CNY 22,139,099,606.45, up from CNY 21,745,258,139.45, reflecting a growth of about 1.81%[19] - Long-term borrowings increased to CNY 558,876,000.00 from CNY 120,000,000.00, indicating a substantial rise of approximately 365.73%[18] Operational Challenges - The LED business experienced significant impact from the pandemic, with sales improving gradually in March as downstream customers resumed operations[4] - The automotive industry faced challenges, affecting the performance of the acquired WIPAC business, which required restructuring[4] - Total operating costs increased to CNY 1,439,565,829.81, up 7.9% from CNY 1,333,729,817.34 in the same period last year[24] Research and Development - Research and development expenses increased by 34.16% compared to the same period last year, mainly due to increased R&D projects in the integrated circuit business[12] - Research and development expenses rose to CNY 45,791,326.05, an increase of 34.1% from CNY 34,131,365.90 in Q1 2019[24] Financial Management - Financial expenses decreased by 87.50% compared to the same period last year, primarily due to a lower average balance of bank borrowings[12] - The company's total assets and liabilities have shown significant changes, reflecting strategic adjustments in financial management[10] - The company has not reported any overdue commitments during the reporting period[15]