2020-04-27 16:00Financial Performance - Net profit attributable to shareholders was RMB -182,308,000, a decrease of 196.9% year-on-year[4] - Operating revenue decreased by 4.4% to RMB 12,868,009,000 compared to the same period last year[4] - The company reported a basic earnings per share of RMB -0.01, a decline of 200.0% compared to the previous year[4] - Net profit turned negative at RMB -182,308,000 compared to a profit of RMB 188,182,000, largely due to the impact of COVID-19 on operational workload and revenue[11] - The company reported a gross profit margin of approximately -1.8% in Q1 2020, compared to a positive margin in Q1 2019[20] - Net profit for Q1 2020 was -182,308 thousand RMB, compared to a net profit of 188,182 thousand RMB in Q1 2019, indicating a significant decline[20] Assets and Liabilities - Total assets increased by 1.9% to RMB 63,233,163,000 compared to the end of the previous year[4] - Total current assets rose to RMB 32,826,751,000 from RMB 30,529,316,000, reflecting a growth in cash and contract assets[14] - Total liabilities increased to RMB 56,496,853,000 from RMB 55,305,506,000, indicating a rise in short-term borrowings[15] - The total liabilities amounted to 38,338 thousand RMB, with total equity at 32,253,203 thousand RMB as of the end of Q1 2020[20] Cash Flow - Cash flow from operating activities was RMB -1,184,219,000, showing a decline from RMB -1,119,740,000 in the previous year[4] - Cash inflow from operating activities totaled CNY 12,269,625, a decrease of 7.1% compared to CNY 13,213,466 in Q1 2019[24] - Net cash flow from operating activities was CNY -1,184,219, slightly worse than CNY -1,119,740 in the same period last year[24] - Cash flow from investing activities was negative at RMB -149,791,000, worsening from RMB -83,761,000, mainly due to increased equipment purchases[11] - Cash outflow from investing activities was CNY 149,820, compared to CNY 84,644 in Q1 2019, indicating increased investment activity[24] - The company reported a significant increase in cash flow from financing activities, up 52.0% to RMB 1,654,034,000 from RMB 1,088,047,000, primarily due to increased loan sizes[12] - Cash inflow from financing activities increased significantly to CNY 14,299,046, up 52.5% from CNY 9,365,000 in Q1 2019[25] - Net cash flow from financing activities was CNY 1,654,034, an increase of 52.1% compared to CNY 1,088,047 in Q1 2019[25] Expenses and Income - Sales expenses increased by 44.3% to RMB 13,020,000 from RMB 9,022,000 due to intensified market expansion efforts[11] - Other income surged by 949.5% to RMB 61,436,000 from RMB 5,854,000, mainly driven by increased consumption tax refunds[11] - Investment income dropped by 72.9% to RMB 14,825,000 from RMB 54,648,000, attributed to reduced gains from debt restructuring[11] - Research and development expenses for Q1 2020 were 167,581 thousand RMB, slightly up from 163,227 thousand RMB in Q1 2019[18] - Financial expenses decreased to 219,059 thousand RMB in Q1 2020 from 282,661 thousand RMB in Q1 2019, a reduction of 22.5%[18] - The company experienced a loss from credit impairment of 919 thousand RMB in Q1 2020, compared to a loss of 69,431 thousand RMB in Q1 2019[20] Shareholder Information - The number of shareholders at the end of the reporting period was 134,052, with the largest shareholder holding 56.51% of the shares[6] Other Financial Metrics - The weighted average return on net assets decreased by 5.90 percentage points to -2.70%[4] - Prepayments increased by 40.7% to RMB 779,362,000 due to increased engineering material preparations[10] - Contract assets rose by 35.8% to RMB 12,997,596,000, primarily due to delays in project settlements caused by the COVID-19 pandemic[10] - Special reserves increased by 41.5% to RMB 527,984,000, mainly due to a decrease in safety production expenses[10] - Other income increased significantly to 61,436 thousand RMB in Q1 2020 from 5,854 thousand RMB in Q1 2019[18] - The impact of exchange rate changes on cash and cash equivalents was CNY 111, a significant improvement from CNY -35,091 in Q1 2019[25]