SCSF(SH:600779)2020-04-24 16:00Financial Performance - Operating revenue for the period was CNY 728,717,374.43, down 21.63% year-on-year[5] - Net profit attributable to shareholders of the listed company decreased by 12.64% to CNY 190,938,853.33[5] - Basic earnings per share decreased by 12.58% to CNY 0.3911[6] - The total profit for Q1 2020 was 25,651,252.27 RMB, a decrease from 48,463,412.08 RMB in Q1 2019, representing a decline of approximately 47.2%[28] - The net profit for Q1 2020 was 19,069,904.00 RMB, down from 36,176,534.26 RMB in Q1 2019, indicating a decrease of about 47.4%[28] - Total operating revenue for Q1 2020 was ¥728,717,374.43, a decrease of 21.6% compared to ¥929,785,693.07 in Q1 2019[24] - Total operating costs for Q1 2020 were ¥465,489,528.04, down 26.8% from ¥636,105,278.66 in Q1 2019[24] - Operating profit for Q1 2020 was ¥263,267,195.86, down 10.4% from ¥293,857,832.26 in Q1 2019[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,919,005,889.11, a decrease of 0.68% compared to the end of the previous year[5] - The total current assets as of March 31, 2020, amounted to ¥2,946,396,818.62, down from ¥3,042,920,364.17 at the end of 2019[17] - Total liabilities decreased from 1,833,987,931.86 to 1,615,468,819.76, a decline of approximately 11.93%[19] - Current liabilities decreased from 1,810,430,271.36 to 1,610,210,073.50, a reduction of approximately 11.05%[19] - Non-current assets increased from 903,061,101.52 to 972,609,070.49, an increase of approximately 7.7%[19] - The company's total liabilities amounted to RMB 1,833,987,931.86, with non-current liabilities at RMB 23,557,660.50[35] Cash Flow - Net cash flow from operating activities was CNY 81,223,967.49, a significant decrease of 67.03% compared to the same period last year[5] - The company's cash flow from operating activities for Q1 2020 was ¥81,223,967.49, a decrease of 67.03% compared to ¥246,356,487.38 in Q1 2019[14] - Cash inflow from operating activities in Q1 2020 was 783,513,590.84 RMB, compared to 1,014,227,805.96 RMB in Q1 2019, reflecting a decline of approximately 22.7%[30] - The net cash flow from operating activities for Q1 2020 was 81,223,967.49 RMB, down from 246,356,487.38 RMB in Q1 2019, a decrease of around 67.1%[30] - The total cash inflow from operating activities was 499,900,887.39 RMB in Q1 2020, compared to 463,503,434.33 RMB in Q1 2019, showing a slight increase of about 7.5%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 35,405[9] - The largest shareholder, Sichuan Chengdu Shuijingfang Group Co., Ltd., held 39.71% of the shares[9] - Net assets attributable to shareholders of the listed company increased by 9.07% to CNY 2,303,537,069.35[5] - Owner's equity increased from 2,111,993,533.83 to 2,303,537,069.35, an increase of approximately 9.09%[19] Government Subsidies - The company received government subsidies amounting to CNY 639,418.50, primarily related to social security support[7] - The company received government subsidies amounting to ¥639,418.50, an increase of 56.31% compared to ¥409,060.29 in the previous year[14] Inventory and Receivables - As of March 31, 2020, accounts receivable decreased by 32.46% to ¥19,495,495.79 from ¥28,866,470.55 as of December 31, 2019[13] - Accounts receivable decreased from 24,677,789.57 to 19,495,495.78, a decrease of approximately 20.9%[20] - Inventory increased from 1,474,944,436.75 to 1,570,884,589.61, an increase of approximately 6.5%[20] - The company reported a total of RMB 1,520,039,204.14 in inventory, which is crucial for operational efficiency[34] Financial Expenses - The company's financial expenses increased by 47.90% to -¥7,329,702.25 in Q1 2020 compared to -¥4,955,871.42 in Q1 2019[14] - The company reported a financial expense of -¥7,329,702.25 in Q1 2020, compared to -¥4,955,871.42 in Q1 2019[24] Research and Development - Research and development expenses for Q1 2020 were ¥643,190.13, reflecting ongoing investment in innovation[24]