Smarter Energy(SH:600869)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 7,959.14 million, a decrease of 184.59% year-on-year[18]. - Operating revenue for the period was CNY 289,430.87 million, down 12.52% compared to the same period last year[18]. - Basic earnings per share were CNY 0.0359, reflecting a decrease of 184.40% compared to the previous year[18]. - The weighted average return on equity was 1.63%, a decrease of 3.01 percentage points year-on-year[18]. - The company reported a net loss of CNY 722,712.50 from the disposal of non-current assets[18]. - The company reported a decrease in sales expenses by 37.95% to 15,744.51 million, primarily due to reduced business travel[28]. - The management expenses increased by 38.53% to 12,989.47 million, mainly due to increased losses from work stoppages[28]. - The company reported a net profit of 273,243,670.70, up from 269,885,517.91, an increase of about 1.26%[53]. - Net profit for Q1 2020 was -$63,460,216.20, compared to a net profit of $81,322,833.19 in Q1 2019, indicating a significant decline[58]. - The total profit for Q1 2020 was -$55,163,332.12, a significant drop from $102,661,016.48 in Q1 2019[58]. Cash Flow - Net cash flow from operating activities was CNY 73,511.37 million, a significant decrease of 93.89% year-on-year[18]. - The net cash flow from operating activities was 4,489.10 million, a significant decrease of 93.89% compared to the previous period, mainly due to higher bill payments in the same period last year[28]. - Net cash flow from operating activities was CNY 44,890,512.87, a significant decrease from CNY 735,113,733.42 in the same quarter last year[70]. - Cash inflow from operating activities totaled CNY 2,984,331,640.97, down from CNY 3,589,686,832.65 year-over-year[70]. - Cash outflow from operating activities was CNY 2,939,441,128.10, compared to CNY 2,854,573,099.23 in the previous year[70]. - Net cash flow from investing activities was CNY 4,478,964.50, a recovery from a negative CNY 54,416,561.85 in the same quarter last year[71]. - Cash inflow from financing activities was CNY 1,513,677,699.94, down from CNY 2,649,664,281.19 year-over-year[71]. - Net cash flow from financing activities was negative CNY 164,569,174.28, an improvement from negative CNY 248,786,864.92 in the previous year[71]. - The ending cash and cash equivalents balance was CNY 672,004,998.32, a decrease from CNY 1,206,038,981.34 in the previous year[72]. - The net increase in cash and cash equivalents was -$2,044,653.17, compared to an increase of $60,538,582.27 in the previous period[78]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,767,322.92 million, a decrease of 0.32% compared to the end of the previous year[18]. - Total assets decreased from 17,673,229,243.55 to 17,616,098,355.19, a decline of approximately 0.32%[42]. - Non-current liabilities increased from 1,809,418,579.44 to 1,470,171,850.41, a decrease of about 18.73%[43]. - Current liabilities rose from 10,853,234,673.74 to 11,198,810,720.34, an increase of approximately 3.18%[42]. - Total liabilities slightly increased from 12,662,653,253.18 to 12,668,982,570.75, a change of about 0.05%[43]. - Shareholders' equity decreased from 5,010,575,990.37 to 4,947,115,784.44, a decline of approximately 1.26%[43]. - Long-term borrowings decreased from 944,182,230.23 to 643,444,761.36, a reduction of approximately 31.93%[42]. - Cash and cash equivalents increased significantly from 18,397,657.92 to 39,830,435.43, representing a growth of about 116.43%[48]. - Accounts receivable grew from 14,583,410.76 to 26,423,905.55, an increase of approximately 81.00%[48]. Shareholder Information - The total number of shareholders at the end of the reporting period was 82,460[22]. - The largest shareholder, Far East Holding Group Co., Ltd., held 55.61% of the shares[22]. Legal Matters - The company is involved in ongoing litigation with Qinghai Guotai Real Estate Development Co., Ltd., with the latest ruling maintaining the original judgment against the company[30]. - The company has initiated arbitration against individuals for compensation claims totaling 683.24 million[34].