xinsteel(SH:600782)2020-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,481,353,955, representing a 9.69% increase year-on-year [10]. - Net profit attributable to shareholders decreased by 31.40% to CNY 51,410,230 compared to the same period last year [10]. - Basic and diluted earnings per share fell by 33.33% to CNY 0.16 [10]. - Total operating revenue for Q1 2020 was CNY 14,813,539,550.75, an increase of 9.65% compared to CNY 13,504,558,747.12 in Q1 2019 [42]. - Net profit for Q1 2020 was CNY 518,461,714.84, a decrease of 30.93% from CNY 750,948,634.17 in Q1 2019 [44]. - Earnings per share for Q1 2020 were CNY 0.16, down from CNY 0.24 in Q1 2019 [44]. - The company reported a total profit of CNY 611,949,440.28 for Q1 2020, down from CNY 861,007,438.94 in Q1 2019 [44]. - Total operating costs for Q1 2020 were CNY 14,328,028,857.74, up 13.19% from CNY 12,656,482,477.11 in Q1 2019 [42]. - Total comprehensive income for Q1 2020 was CNY 374,461,174.29, a decrease of 43.5% from CNY 662,232,095.89 in Q1 2019 [50]. Cash Flow - Net cash flow from operating activities surged by 422.12% to CNY 187,179,810 compared to the previous year [10]. - Cash received from sales and services increased by 38.23% to ¥11,064,651,657.06, due to cash collections from matured notes [19]. - The company reported a significant increase in cash received from sales, totaling CNY 11,064,651,657.06 in Q1 2020, compared to CNY 8,004,383,520.88 in Q1 2019, an increase of 38.5% [52]. - Cash flow from operating activities increased to CNY 1,871,798,104.84 in Q1 2020, compared to CNY 358,502,724.52 in Q1 2019 [55]. - Cash paid to employees increased to ¥5,266,919,377.13 from ¥4,043,869,055.00 in Q1 2019, reflecting a rise of 30.3% [59]. - Cash outflow for other operating activities decreased significantly to ¥820,953,992.46 from ¥4,680,074,729.26, indicating improved cash management [59]. Assets and Liabilities - Total assets increased by 4.38% to CNY 4,714,691,940 at the end of the reporting period compared to the end of the previous year [10]. - Total liabilities increased to ¥24,332,236,764.31 from ¥22,873,703,422.75, representing a growth of about 6.4% [32]. - Current liabilities rose to ¥23,950,224,310.44 from ¥22,620,207,955.63, marking an increase of approximately 5.9% [30]. - Total liabilities decreased to CNY 18,424,937,655.94 from CNY 19,543,563,465.67 year-over-year [38]. - Total equity increased to CNY 21,333,227,335.59 from CNY 20,958,766,161.30 year-over-year [38]. - Shareholders' equity rose to ¥22,814,682,624.92 from ¥22,292,941,727.99, an increase of approximately 2.3% [32]. Investments and Expenses - Investment income surged by 382.19% to ¥113,649,116.93, driven by higher returns from large time deposits [19]. - Research and development expenses decreased by 34.70% to ¥82,812,355.61, as some new projects have not yet commenced [19]. - Financial expenses increased by 449.00% to ¥45,835,338.77, primarily due to higher interest expenses from bill discounts [19]. - Research and development expenses for Q1 2020 were CNY 82,812,355.61, down from CNY 126,826,920.07 in Q1 2019 [42]. - The company recorded investment income of CNY 113,557,696.57 in Q1 2020, significantly higher than CNY 24,261,911.54 in Q1 2019, an increase of 368.5% [48]. Shareholder Information - The total number of shareholders at the end of the reporting period was 59,200 [13]. - The largest shareholder, Xinyu Steel Group Co., Ltd., held 38.17% of the shares [13]. - The company has not issued preferred shares, and there are no priority shareholders [15].