TUDI(SH:600773)2020-04-24 16:00Financial Performance - Operating revenue increased by 9.59% to CNY 351,836,038.53 year-on-year[12] - Net profit attributable to shareholders decreased by 9.05% to CNY 23,273,837.50 compared to the same period last year[12] - Basic and diluted earnings per share decreased by 9.68% to CNY 0.028[12] - Operating profit for Q1 2020 was CNY 41,470,361.44, a decrease of 6.0% from CNY 44,207,929.92 in Q1 2019[42] - Net profit attributable to shareholders for Q1 2020 was CNY 240,121,073.44, compared to CNY 232,519,986.97 in Q1 2019, showing an increase of 3.0%[37] - The total profit for the current period is 44,053,119.85 CNY, compared to 43,881,320.15 CNY in the previous period, reflecting a slight increase[43] - The net profit for the current period is 23,189,778.30 CNY, down from 25,219,056.53 CNY in the previous period, indicating a decrease of approximately 8.06%[43] - The total comprehensive income for the current period is 23,189,778.30 CNY, down from 25,219,056.53 CNY in the previous period, reflecting a decrease of about 8.06%[43] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 462,150,024.29, an improvement from the previous year's outflow of CNY 476,266,046.48[12] - Cash received from operating activities related to other income was significant, with a notable amount received from the settlement of the Qiaodong Phase II vegetable market project[20] - Cash flow from operating activities for the current period is 295,741,600.06 CNY, compared to 330,349,674.11 CNY in the previous period, showing a decrease of approximately 10.47%[50] - Total cash inflow from operating activities reached 433,667,587.17 RMB, compared to 344,181,976.58 RMB in the previous year, indicating a 26.1% increase[54] - Cash outflow from operating activities totaled 895,817,611.46 RMB, up from 820,448,023.06 RMB, reflecting a 9.2% increase[54] Assets and Liabilities - Total assets decreased by 4.86% to CNY 13,252,521,552.03 compared to the end of the previous year[12] - Total current assets decreased to ¥11,224,135,023.83 from ¥11,885,903,541.89, reflecting a decline in cash and cash equivalents[26] - Total liabilities decreased to ¥9,748,425,053.93 from ¥10,448,915,367.29, indicating a reduction in overall debt levels[31] - Non-current liabilities increased to ¥5,457,509,760.39 from ¥4,414,442,725.58, primarily due to an increase in long-term borrowings[31] - Total equity attributable to shareholders increased to ¥3,509,463,958.17 from ¥3,486,190,120.67, reflecting retained earnings growth[31] Financial Expenses - Financial expenses decreased by 78.35% to ¥3,289,754.31 compared to ¥15,195,373.80 in the same period last year due to capitalizing financing costs related to project investments[20] - The company reported a significant reduction in financial expenses, which dropped to CNY 3,289,754.31 in Q1 2020 from CNY 15,195,373.80 in Q1 2019, a decrease of 78.3%[42] - The financial expenses for the current period show a significant reduction, with interest expenses at 35,875,857.72 CNY compared to 41,722,936.82 CNY in the previous period, a decrease of approximately 13.96%[48] Borrowings and Debt Repayment - The company repaid a significant amount of bank loans, leading to a 48.27% decrease in cash and cash equivalents[18] - Short-term borrowings decreased by 60.03% to CNY 200,344,819.44 as a result of loan repayments[18] - Cash obtained from borrowings reached ¥1,633,000,000.00, a 262.89% increase from ¥450,000,000.00, reflecting refinancing of maturing bank loans[20] - Cash repaid for debts amounted to ¥1,831,000,000.00, a 498.10% increase compared to ¥306,138,338.08, indicating a higher repayment of maturing bank loans[20] Inventory and Prepayments - Prepayments increased significantly by 1,364.17% to CNY 165,893,782.97 due to higher advance payments for projects[18] - Accounts payable decreased by 38.81% to CNY 700,659,792.71 due to increased payments for outstanding project costs[18] - The company holds inventory valued at approximately ¥9.61 billion, indicating a significant asset base[60] Overall Financial Health - The company is focused on maintaining a strong capital structure with a significant capital reserve[71] - The financial report indicates a stable financial position with a healthy balance between assets and liabilities[71] - The company is committed to transparency and compliance with new accounting standards, ensuring accurate financial reporting[71]