FIRMACO(SH:600967)2020-04-27 16:00Financial Performance - Operating revenue for the period was CNY 1,868,478,973.11, an increase of 11.62% year-on-year[11] - Net profit attributable to shareholders was CNY 146,955,399.10, reflecting a growth of 7.26% compared to the same period last year[11] - Basic earnings per share increased to CNY 0.087, up 7.41% from CNY 0.081 in the previous year[11] - The company reported a net profit of CNY 134,896,640.46 after deducting non-recurring gains and losses, which is a 10.53% increase year-on-year[11] - Total comprehensive income amounted to ¥153,010,790.17, compared to ¥134,732,931.39 in the previous year, reflecting an increase of approximately 13.4%[53] - Net profit for Q1 2020 reached ¥144,068,834.16, representing a 4.9% increase from ¥138,305,778.30 in Q1 2019[48] Cash Flow - Net cash flow from operating activities was negative at CNY -284,749,906.05, a decline of 134.19% year-on-year[11] - Cash inflow from operating activities was ¥1,433,941,035.47, down from ¥3,118,250,240.09, indicating a decrease of about 54.1% year-over-year[58] - Cash outflow from investing activities totaled ¥158,590,855.23, compared to ¥114,209,890.55 in the previous year, representing an increase of approximately 38.8%[59] - Net cash flow from investing activities was -¥107,212,592.11, a decrease from ¥299,340,845.29 year-over-year[59] - Cash inflow from financing activities was ¥155,598,840.40, down from ¥190,075,227.44, reflecting a decrease of about 18.1%[59] - Total cash outflow from operating activities was ¥1,718,690,941.52, compared to ¥2,285,413,870.07 in the previous year, indicating a decrease of approximately 24.8%[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 24,805,488,790.77, a decrease of 2.12% compared to the end of the previous year[11] - The company's total current assets amounted to CNY 20,112,494,088.62, a decrease from CNY 20,588,383,782.04 at the end of the previous year[28] - The company's total liabilities increased by 4.31% to CNY 380,342,563.32 compared to the end of the previous year[22] - Total liabilities and equity decreased from 25,343,781,304.67 to 24,805,488,790.77, a decline of about 2.12%[32] - Current liabilities decreased from 15,713,184,589.78 to 15,004,479,232.27, a reduction of about 4.51%[32] - Total current liabilities amounted to $15,713,184,589.78, indicating a stable financial position[71] Shareholder Information - The total number of shareholders at the end of the reporting period was 45,383[17] - The largest shareholder, Inner Mongolia First Machinery Group Co., Ltd., held 51.68% of the shares[17] Inventory and Receivables - Inventory decreased by 11.94% to CNY 3,154,099,944.08 compared to the end of the previous year[22] - Accounts receivable decreased from 724,401,269.99 to 537,890,982.43, a decrease of about 25.8%[37] - The company reported a significant decrease in advance receipts, dropping from approximately ¥33.01 billion to approximately ¥8.77 billion, indicating a change of approximately ¥8.74 billion[78] Investment and Expenses - Investment income decreased by 92.16% to CNY 1,378,263.12 compared to the same period last year[22] - Research and development expenses for Q1 2020 were ¥39,539,770.52, an increase of 5.8% from ¥37,385,622.78 in Q1 2019[46] - Financial expenses for Q1 2020 showed a net cost of -¥112,455,023.83, compared to -¥94,522,946.56 in Q1 2019[46] - Tax expenses for Q1 2020 were ¥27,933,278.45, up from ¥23,305,890.69 in Q1 2019[48] Future Outlook - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[47]