CATEC(SH:600879)2020-04-23 16:00Financial Performance - Operating revenue fell by 21.37% to CNY 2,118,454,597.95 year-on-year[4] - Net profit attributable to shareholders decreased by 58.01% to CNY 36,207,195.54 compared to the same period last year[4] - Basic earnings per share dropped by 59.38% to CNY 0.013[4] - The total profit decreased by 47.14% to ¥59,846,088.95, mainly impacted by the pandemic, leading to a decline in revenue and profit[10] - Net profit fell by 56.11% to ¥41,814,941.35, attributed to the pandemic's effect on revenue[11] - Operating profit decreased by 54.53% to ¥52,335,736.32, significantly affected by the pandemic[10] - Total comprehensive income decreased by 56.99% to ¥40,973,787.07, primarily due to the impact of the pandemic on revenue[11] - The company expects a cumulative net profit decline of 40%-55% compared to the same period last year due to ongoing pandemic impacts[15] Assets and Liabilities - Total assets decreased by 4.32% to CNY 27,964,659,468.34 compared to the end of the previous year[4] - The company's total assets decreased from 29,228,268,358.95 to 27,964,659,468.34, reflecting a reduction in overall asset value[18] - The company's total liabilities decreased by 40.00% to ¥1,800,000,000.00, primarily due to the repayment of short-term financing bonds[9] - Total liabilities decreased from CNY 16,238,726,099.77 to CNY 14,923,954,085.82, a reduction of approximately 8.06%[19] - Current liabilities decreased from CNY 15,965,062,907.63 to CNY 14,633,052,072.75, a decrease of about 8.32%[19] - Non-current liabilities increased from CNY 273,663,192.14 to CNY 290,902,013.07, an increase of approximately 6.06%[19] Cash Flow - Cash flow from operating activities improved by 21.26%, reaching a net amount of CNY -473,880,412.37[4] - The cash flow from financing activities was -1,126,772,942.54, a decrease of 299.71% compared to the previous period, primarily due to the repayment of short-term financing bonds[14] - In Q1 2020, the net cash flow from operating activities was -473,880,412.37 CNY, an improvement from -601,856,562.46 CNY in Q1 2019, indicating a reduction in cash outflow[32] - Total cash inflow from financing activities in Q1 2020 was 4,049,875,000.00 CNY, significantly higher than 1,760,950,000.00 CNY in Q1 2019[33] - Cash outflow for debt repayment in Q1 2020 reached 5,105,500,000.00 CNY, compared to 1,146,000,000.00 CNY in the same period last year[33] Shareholder Information - The number of shareholders reached 150,198 by the end of the reporting period[6] - The company's equity attributable to shareholders was RMB 12,373,364,087.91[37] Expenses - The company reported a 42.16% reduction in selling expenses to ¥38,647,505.16, due to decreased revenue and lower transportation costs[10] - Research and development expenses for Q1 2020 were CNY 39,558,972, a decrease of 23.6% compared to CNY 51,852,729 in Q1 2019[27] - Sales expenses for Q1 2020 were CNY 38,647,505, down 42.2% from CNY 66,813,494 in Q1 2019[27] - Management expenses for Q1 2020 increased to CNY 227,896,510, up 7.5% from CNY 211,912,503 in Q1 2019[27] - Financial expenses for Q1 2020 were CNY 52,316,455, an increase of 10.4% compared to CNY 47,530,395 in Q1 2019[27] Government Support - Non-recurring gains and losses totaled CNY 7,225,434.16, with government subsidies contributing CNY 2,498,247.29[5] - The company’s other income decreased by 41.06% to ¥1,033,551.67, mainly due to a reduction in government subsidies received[10] Investment and Projects - The total amount of funds raised for various projects was 222,322.33 million RMB, with a cumulative investment of 187,553.95 million RMB[14] - The company has established a mechanism for early warning and stockpiling of critical raw materials to ensure production progress[15] - The company has returned all idle raised funds of 480 million RMB to the designated account for raised funds[14]