Wanli New Energy(SH:600847)2020-04-29 16:00Financial Performance - Operating revenue fell by 20.09% to CNY 98,053,690.02 year-on-year[6] - Net profit attributable to shareholders was CNY -3,012,376.44, a significant decline from CNY -1,495,228.30 in the same period last year[6] - The weighted average return on net assets was -0.44%, down from -0.22% year-on-year[6] - Basic and diluted earnings per share were both CNY -0.0197, compared to CNY -0.0098 in the previous year[6] - Total operating revenue for Q1 2020 was ¥98,053,690.02, a decrease of 20.2% compared to ¥122,712,536.58 in Q1 2019[25] - Net loss for Q1 2020 was ¥3,012,376.44, compared to a net loss of ¥1,495,228.30 in Q1 2019, indicating a worsening of 101.5%[25] - The total comprehensive loss for the period was ¥3,012,376.44, compared to a loss of ¥1,495,228.30 in the previous year[26] Cash Flow - The net cash flow from operating activities was CNY -29,705,636.01, compared to CNY -17,808,681.60 in the previous year[6] - Cash flow from operating activities showed a net outflow of ¥29,705,636.01, compared to a net outflow of ¥17,808,681.60 in Q1 2019[29] - The cash outflow from operating activities totaled CNY 84,363,315.61, down from CNY 107,802,934.44 in the same period last year, resulting in a net cash flow from operating activities of -CNY 20,283,132.82[31] - The company reported a significant decline in cash received from sales of goods and services, totaling CNY 63,717,381.81, down 34% from CNY 96,982,779.41 in the previous year[31] - Payments to employees decreased to CNY 7,053,522.29 from CNY 9,654,753.04, reflecting a reduction of approximately 27%[31] Assets and Liabilities - Total assets decreased by 2.26% to CNY 737,025,104.59 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 60.85% to ¥19,197,720.08 from ¥49,032,454.43 due to an increase in acceptance bills and materials in transit[12] - Total liabilities increased to ¥48,337,838.23 in Q1 2020 from ¥43,742,923.25 in Q1 2019, marking an increase of 10.5%[23] - Current liabilities decreased to ¥44,362,361.99 from ¥58,225,147.60, indicating improved liquidity management[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,782[10] - The largest shareholder, Jiatiansha Asset Management Co., Ltd., held 11.55% of the shares[10] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 164,867.50, which are included in non-operating income[9] - The total non-recurring gains and losses amounted to CNY 170,193.18 for the reporting period[9] Operational Efficiency - Operating costs decreased by 17.64% to ¥88,813,022.33 from ¥107,839,827.98, reflecting the decline in operating revenue[12] - Management expenses decreased by 32.74% to ¥3,227,700.65 from ¥4,798,691.66, primarily due to the impact of the pandemic[12] - The total operating costs were ¥94,948,495.59, down from ¥113,032,153.39 in Q1 2019, showing improved cost management[27] Receivables and Payables - Accounts receivable financing increased by 64.69% to ¥45,244,419.59 from ¥27,472,310.85, primarily due to an increase in bank acceptance[12] - The company has a receivable loss compensation amount of ¥155,567,888.90 from Shenzhen Nanfang Tongzheng Company, related to a share transfer agreement[13] - The company is owed a share transfer payment of ¥6,654,275.64 from Chongqing Tongzheng Industrial Co., Ltd., secured by a pledge of shares[14] Research and Development - Research and development expenses increased to ¥512,954.02, up from ¥418,365.02 in the previous year, indicating a focus on innovation[28]