SNAT(SH:600841)2020-04-24 16:00Financial Performance - Operating revenue for the period was CNY 964,539,450.66, representing a 2.80% increase year-on-year[10] - Net profit attributable to shareholders was CNY 18,685,581.32, a decrease of 28.28% compared to the same period last year[10] - Total operating revenue for Q1 2020 was RMB 964,539,450.66, an increase from RMB 938,286,834.13 in Q1 2019, representing a growth of approximately 2.7%[38] - Net profit for Q1 2020 was RMB 18,444,289.32, down from RMB 25,810,984.74 in Q1 2019, reflecting a decrease of approximately 28.5%[39] - Net profit for Q1 2020 was RMB 19,865,295.37, down 30.9% from RMB 28,844,716.97 in Q1 2019[44] - Total comprehensive income for Q1 2020 was RMB 21,999,292.57, down 33.2% from RMB 32,844,209.22 in Q1 2019[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,463,894,523.76, a 0.16% increase from the end of the previous year[10] - Total current assets as of March 31, 2020, amounted to ¥5,497,142,282.50, a slight increase from ¥5,475,054,748.23 as of December 31, 2019[24] - Total liabilities decreased slightly to ¥3,643,171,384.84 from ¥3,654,038,766.39, a reduction of about 0.3%[28] - Total equity attributable to shareholders increased to ¥3,822,148,480.16 from ¥3,798,791,512.46, reflecting a growth of approximately 0.6%[28] - The total assets of the company as of the reporting date were RMB 7,525,767,348.79, slightly up from RMB 7,513,373,414.41 year-over-year[34] - Total liabilities amounted to CNY 3,654,038,766.39, with total equity at CNY 3,797,607,463.22, resulting in total assets of CNY 7,451,646,229.61[63] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 168,220,993.70, compared to a net outflow of CNY 125,049,859.60 in the previous year[10] - The net cash flow from operating activities for Q1 2020 was -175,764,541.85 RMB, compared to -128,941,595.89 RMB in Q1 2019, indicating a decline of approximately 36.3% year-over-year[56] - Total cash inflow from operating activities was 840,756,811.64 RMB, down from 852,858,369.39 RMB in the previous year, reflecting a decrease of about 1.9%[56] - Cash outflow from operating activities increased to 1,016,521,353.49 RMB, compared to 981,799,965.28 RMB in Q1 2019, representing an increase of approximately 3.5%[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 44,507, with Shanghai Automotive Group Co., Ltd. holding 48.05% of the shares[12] - The total equity attributable to shareholders was CNY 3,798,791,512.46, showcasing robust shareholder value[63] Investment and Expenses - Investment income decreased by 35.55% year-on-year, mainly due to reduced profits from the associated company Shanghai Lingzhong Turbocharger Co., Ltd.[18] - Research and development expenses for Q1 2020 amounted to RMB 57,477,223.31, up from RMB 53,887,113.81 in Q1 2019, showing an increase of approximately 6.0%[38] - The company reported a financial expense of RMB -19,828,544.90 in Q1 2020, compared to RMB -4,247,800.67 in Q1 2019, indicating a significant increase in financial costs[38] Government Support - The company received government subsidies amounting to CNY 2,876,289.00, closely related to its normal business operations[10]