DTPC(SH:600719)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 27.13% to CNY 52,799,931.40 year-on-year[6] - Operating revenue decreased by 10.52% to CNY 405,651,765.73 compared to the same period last year[6] - Basic earnings per share decreased by 27.37% to CNY 0.13[6] - Net profit for Q1 2020 was CNY 52,799,931.40, representing a decline of 27.1% from CNY 72,454,396.96 in Q1 2019[29] - The operating profit for Q1 2020 was CNY 69,807,713.14, down 27.1% from CNY 95,821,661.87 in the same period last year[32] - The company reported a total comprehensive income of CNY 52,286,764.37 in Q1 2020, down from CNY 71,779,388.43 in Q1 2019[33] Asset and Liability Changes - Total assets decreased by 3.50% to CNY 2,181,717,269.09 compared to the end of the previous year[6] - Total current assets as of March 31, 2020, were 576.41 million RMB, down from 663.55 million RMB as of December 31, 2019, reflecting a decrease of approximately 13.12%[18] - Total liabilities as of March 31, 2020, were 1,391.32 million RMB, a decrease from 1,523.29 million RMB as of December 31, 2019, indicating a reduction of about 8.66%[20] - The company's total assets as of March 31, 2020, were 2,181.72 million RMB, down from 2,260.88 million RMB, reflecting a decrease of about 3.48%[20] - Total liabilities for Q1 2020 were CNY 1,320,692,905.26, down from CNY 1,424,673,685.17 in Q1 2019[24] - The company's total liabilities amounted to ¥1,523,285,866.79 as of Q1 2020, remaining stable compared to the previous period[39] Cash Flow Analysis - Cash flow from operating activities decreased by 60.32% to -CNY 56,497,632.50 year-on-year[6] - Operating cash flow for the current period was -56.50 million RMB, a decrease of 60.32% compared to the previous period due to increased payments for fuel and materials[14] - The net cash flow from operating activities in Q1 2020 was -CNY 56,497,632.50, worsening from -CNY 35,240,052.50 in Q1 2019[34] - The cash outflow from operating activities increased to ¥244,190,058.80 in Q1 2020, compared to ¥209,953,924.52 in Q1 2019, indicating a rise of 16.2%[35] - The company reported a total operating cash inflow of ¥185,096,603.51 in Q1 2020, which was an increase from ¥176,529,916.66 in Q1 2019, marking a growth of 11.0%[35] Inventory and Receivables - Inventory decreased by 57.54% to CNY 2,836,000 compared to the beginning of the year[12] - Accounts receivable decreased to 46.36 million RMB from 66.30 million RMB, a reduction of about 30.14%[18] - The company’s inventory decreased to CNY 24,235,395.52 in Q1 2020 from CNY 45,436,256.01 in Q1 2019, a reduction of 46.7%[24] Financial Expenses - Financial expenses increased by 160.78% to CNY 871,000 due to increased bank borrowings[13] - The company reported a financial expense of CNY 8,707,694.04 in Q1 2020, significantly higher than CNY 3,339,192.84 in Q1 2019[28] - The company incurred financial expenses of CNY 8,706,847.57 in Q1 2020, significantly higher than CNY 3,342,522.50 in Q1 2019[32] Equity and Retained Earnings - The company's retained earnings increased to 112.10 million RMB from 59.30 million RMB, an increase of approximately 88.97%[20] - Total equity increased to CNY 782,374,829.49 in Q1 2020, compared to CNY 730,088,065.12 in Q1 2019, reflecting a growth of 7.2%[24] - The company maintained a stable capital structure with total equity of ¥737,597,652.71, consistent with the previous reporting period[39] Revenue and Cost Analysis - Total operating costs for Q1 2020 were CNY 333,964,813.51, down 6.0% from CNY 354,920,487.99 in Q1 2019[28] - Total operating revenue for Q1 2020 was CNY 405,651,765.73, a decrease of 10.5% compared to CNY 453,351,877.48 in Q1 2019[27] Borrowings and Financing - Short-term borrowings rose to CNY 700,000,000.00 in Q1 2020, up from CNY 550,000,000.00 in Q1 2019, indicating a 27.3% increase[24] - The company raised CNY 300,000,000.00 through borrowings in Q1 2020, an increase from CNY 270,000,000.00 in Q1 2019[34] - Total cash inflow from financing activities increased to ¥300,000,000.00 in Q1 2020, up from ¥270,000,000.00 in Q1 2019, reflecting a 11.1% increase in financing received[36]