XHCG(SH:600785)2021-01-15 16:00Financial Performance - Operating revenue decreased by 26.84% to CNY 1,641,290,685.65 year-on-year[4] - Net profit attributable to shareholders decreased by 51.23% to CNY 55,066,188.75 compared to the same period last year[4] - Basic earnings per share decreased by 52.00% to CNY 0.24 compared to the previous year[4] - The company's operating revenue for Q1 2020 was approximately RMB 1.64 billion, a decrease of 26.84% compared to RMB 2.24 billion in the same period last year[11] - The net profit attributable to the parent company was RMB 55.07 million, down 51.23% from RMB 112.92 million year-on-year[12] - Net profit for Q1 2020 was CNY 47,608,653.98, a decline of 55.7% from CNY 107,278,299.79 in Q1 2019[24] - Operating profit for Q1 2020 was CNY 56,607,191.56, down 54.9% from CNY 125,720,184.10 in Q1 2019[23] Cash Flow - Net cash flow from operating activities increased by 26.22% to CNY 314,400,987.70 year-on-year[4] - The net cash flow from operating activities was CNY 314,400,987.70, an increase of 26.3% compared to CNY 249,084,824.71 in the same period last year[30] - The company reported a net cash flow from investment activities of CNY -54,231,411.69, worsening from CNY -35,889,488.60 in Q1 2019[30] - Cash flow from financing activities showed a net outflow of CNY -34,715,307.08, compared to CNY -133,190,779.55 in the previous year, indicating an improvement[30] - The company's cash flow from financing activities improved by 73.94%, primarily due to an increase in bank borrowings[12] Assets and Liabilities - Total assets increased by 3.12% to CNY 6,251,147,820.45 compared to the end of the previous year[4] - Total liabilities reached RMB 3,955,589,585.50, compared to RMB 3,814,199,738.07, marking an increase of around 3.70%[18] - Total current liabilities were ¥3,546,387,162.09, reflecting the company's short-term financial obligations[34] - Total liabilities amounted to approximately $2.12 billion, with current liabilities at $1.93 billion[39] - The company has a total of approximately $429.94 million in contract liabilities, indicating future revenue obligations[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,767[8] - The largest shareholder, Wumart Technology Group Co., Ltd., holds 36.15% of the shares[8] Other Financial Metrics - The weighted average return on equity decreased by 2.88 percentage points to 2.30%[4] - The company reported non-recurring gains and losses totaling CNY 8,704,934.65[8] - Other income surged by 757.93% to RMB 9.99 million, primarily due to increased government subsidies received[12] - Financial expenses rose by 54.67% to RMB 23.47 million, attributed to higher loan interest and fees[12] - The company reported a significant decrease in prepayments, down 37.55% to RMB 215.72 million, due to reduced advance payments to suppliers[11] - The company experienced a 91.73% decline in advance receipts, reflecting the reclassification of these amounts to contract liabilities under new accounting standards[12] Inventory and Receivables - Accounts receivable increased by 76.21% to RMB 232.44 million from RMB 131.91 million at the beginning of the period[11] - The company's inventory decreased to RMB 690,781,819.48 from RMB 737,832,603.50, a decline of about 6.37%[16] - The company's accounts receivable increased to RMB 232,437,479.22 from RMB 131,905,751.74, indicating a substantial increase of about 76.00%[16]