CQGAS(SH:600917)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 41.13% to CNY 53,150,458.98 year-on-year[11] - Operating revenue declined by 20.40% to CNY 1,480,575,235.32 compared to the same period last year[11] - Basic earnings per share fell by 41.38% to CNY 0.034 compared to the previous year[11] - The weighted average return on equity decreased by 1.02 percentage points to 1.26%[11] - Total profit decreased to ¥61,186,209.39 from ¥111,938,873.33, a decline of 45.34% attributed to reduced gas sales volume and increased foreign exchange losses[18] - Net profit attributable to shareholders fell to ¥53,150,458.98 from ¥90,290,751.89, representing a decrease of 41.13%[18] - Net profit for Q1 2020 was ¥50,827,986.92, a decline of 46.4% from ¥95,126,664.68 in Q1 2019[41] - The total profit for Q1 2020 was ¥61,186,209.39, a decrease of 45.0% from ¥111,938,873.33 in Q1 2019[38] - The company reported a total profit of ¥9,313,849.78 for Q1 2020, down from ¥40,532,603.72 in Q1 2019[43] Cash Flow - Net cash flow from operating activities decreased by 34.49% to CNY 23,065,293.61 year-on-year[11] - The net cash flow from financing activities dramatically increased to ¥296,151,242.26 from ¥3,095,786.97, a change of -9466.27% due to special re-loans from the People's Bank of China[18] - Cash flow from operating activities for Q1 2020 was ¥23,065,293.61, compared to ¥35,210,236.27 in Q1 2019[47] - Cash flow from investing activities for Q1 2020 showed a net outflow of ¥94,143,917.08, compared to a net outflow of ¥106,144,774.90 in Q1 2019[49] - Cash inflow from financing activities totaled $300,000,000.00, with cash outflows for dividends and interest payments amounting to $402,666.67[51] - The net cash flow from financing activities was $299,597,333.33, reflecting a strong financing position[51] - The net increase in cash and cash equivalents was $233,560,186.33, a significant improvement from the previous decrease of -$73,824,738.21[51] Assets and Liabilities - Total assets increased by 3.98% to CNY 8,960,311,494.98 compared to the end of the previous year[11] - Total liabilities increased to ¥4,003,704,753.76, up from ¥3,763,667,250.64, representing a growth of approximately 6.4%[35] - Non-current liabilities, including long-term borrowings, increased to ¥184,154,294.31 from ¥180,186,009.06, indicating a slight rise in financial obligations[26] - Total non-current liabilities decreased to ¥897,802,637.41 from ¥922,908,300.97, showing a decline of approximately 2.7%[35] - Current assets totaled ¥2,264,271,127.78, up from ¥2,005,424,707.60, reflecting a rise of approximately 12.9%[32] - Cash and cash equivalents rose to ¥1,610,960,011.39 from ¥1,377,399,825.06, marking an increase of about 16.9%[32] - Total equity attributable to shareholders reached ¥4,265,496,145.09, up from ¥4,202,622,395.46, representing an increase of about 1.5%[35] Shareholder Information - The number of shareholders at the end of the reporting period was 33,783[14] - The top shareholder, Chongqing Energy Investment Group Co., Ltd., holds 41.48% of the shares[14] - There are no reported related party relationships among the top shareholders[17] Operational Metrics - Accounts receivable increased to ¥305,235,359.93 from ¥163,550,273.19, a rise of 86.63% due to increased gas supply during the pandemic[18] - Short-term borrowings surged to ¥378,000,000.00 from ¥80,000,000.00, reflecting a 372.50% increase due to special re-loans supported by the People's Bank of China for epidemic prevention[18] - Inventory increased to ¥61,759,510.58 from ¥52,788,833.11, reflecting a growth of about 16.8%[32] - Research and development expenses increased significantly to ¥115,790.15 in Q1 2020 from ¥900.00 in Q1 2019[38] - Tax expenses for Q1 2020 were ¥10,358,222.47, a decrease of 38.5% compared to ¥16,812,208.65 in Q1 2019[38]