BURTC(600861)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -63,415,432.06, representing a decline of 594.77% year-on-year[11] - Operating revenue for the period was CNY 178,210,962.27, down 67.90% from CNY 555,123,760.25 in the same period last year[11] - Basic earnings per share were CNY -0.2002, a decline of 594.32% from CNY 0.0405 in the same period last year[11] - The company reported a non-recurring loss of CNY -2,886,954.53 for the period[14] - The net profit for Q1 2020 was RMB -66,468,185.56, a decrease of 77,927,348.88 compared to the previous year, largely due to the impact of the pandemic[27] - The total profit for Q1 2020 was RMB -66,003,843.05, a decrease of 82,332,505.87 year-on-year, influenced by the pandemic and related control measures[27] - The company experienced a substantial decline in operating profit, reporting a loss of ¥65,208,285.57 compared to a profit of ¥16,220,212.37 in the previous year[52] Cash Flow - Net cash flow from operating activities was CNY -30,319,795.39, a decrease of 203.93% compared to CNY 29,174,293.81 in the previous year[11] - The net cash flow from operating activities was RMB -30,319,795.39, a decline of 203.93% year-on-year, attributed to reduced sales revenue during the pandemic[27] - The cash flow from operating activities for Q1 2020 was a net outflow of ¥30,319,795.39, contrasting with a net inflow of ¥29,174,293.81 in Q1 2019[63] - The company’s cash flow from operating activities showed a positive trend, with a net cash flow improvement of 62% year-over-year[65] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,458,578,130.41, a decrease of 1.21% compared to the end of the previous year[11] - Current liabilities increased from ¥906,558,924.21 to ¥926,675,483.48, an increase of about 2.4%[40] - Non-current liabilities rose from ¥132,810,262.51 to ¥136,736,910.13, reflecting a growth of approximately 3.2%[42] - Total liabilities increased from ¥1,039,369,186.72 to ¥1,063,412,393.61, marking an increase of about 2.3%[42] - Total equity attributable to shareholders decreased from ¥2,341,354,338.26 to ¥2,277,938,906.20, a decline of about 2.7%[42] - The total liabilities as of the end of Q1 2020 were ¥1,093,342,516.95, unchanged from the previous year[69] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,130[16] - The top ten shareholders held a total of 119,000,000 shares, with the largest shareholder being Beijing State-owned Capital Management Center, holding 108,452,397 shares[16] Revenue Recognition Changes - The implementation of the new revenue standard resulted in a significant change in revenue recognition, shifting from the gross method to the net method, impacting the reported figures[21] - Operating costs for Q1 2020 were RMB 102,718,162.53, down 73.92% from RMB 393,790,496.18 year-on-year, primarily due to the new revenue standard and reduced sales from the COVID-19 pandemic[26] Government Support - The company received government subsidies totaling CNY 307,976.81 related to the residential commercial boiler room coal-to-gas project[11] Other Financial Metrics - The weighted average return on equity decreased by 3.29 percentage points to -2.75%[11] - Other receivables at the end of the period were RMB 9,830,717.38, a decrease of 89.22% from the previous year, mainly due to the recovery of housing deposit payments[25] - Other non-current financial assets decreased by 34.74% to RMB 5,896,802.80, primarily due to a decline in fair value[25] - Cash and cash equivalents increased significantly from ¥179,103,821.98 to ¥265,156,471.50, a rise of approximately 48.2%[44] - Deferred income increased from ¥39,993,692.11 to ¥43,216,885.99, an increase of approximately 5.6%[42]