Daqin Railway(SH:601006)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders was ¥2.57 billion, representing a 35.83% decrease year-over-year[5] - Operating revenue for the period was ¥16.17 billion, down 18.09% from the same period last year[5] - The net profit attributable to shareholders for Q1 2020 was CNY 2,570,246,258, a decrease of 36% compared to CNY 4,005,657,757 in Q1 2019, primarily due to the impact of COVID-19 on passenger and freight transport revenue[11] - Total operating revenue for Q1 2020 was 16,171,940,619 RMB, a decrease of 18.9% compared to 19,742,652,045 RMB in Q1 2019[21] - Net profit for Q1 2020 was 2,777,180,024 RMB, a decline of 37% from 4,403,325,869 RMB in Q1 2019[22] - Total profit for Q1 2020 was CNY 3,120,790,073, a decrease of 38.8% from CNY 5,089,949,041 in Q1 2019[26] - Operating profit for Q1 2020 was CNY 3,156,446,501, down 38.3% from CNY 5,116,487,891 in Q1 2019[26] Cash Flow - The net cash flow from operating activities was -¥25.32 million, a significant decline of 100.74% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of CNY -25,317,674, a significant decline from CNY 3,406,031,064 in the same period last year, attributed to decreased operating income due to the pandemic[12] - The net cash flow from operating activities was negative at CNY -711,978,585, contrasting with a positive CNY 2,592,318,187 in the same period last year[30] - Cash inflow from operating activities totaled CNY 8,623,056,150, down from CNY 12,514,914,420 in Q1 2019[27] - The total cash inflow from operating activities was significantly impacted by a decline in sales revenue, reflecting broader market challenges[30] Assets and Liabilities - Total assets at the end of the reporting period reached ¥148.81 billion, a 0.52% increase compared to the end of the previous year[5] - Current assets totaled CNY 30,893,127,198, an increase from CNY 29,034,429,506 in the previous year, representing a growth of 6.4%[15] - Total liabilities decreased to CNY 23,932,247,262 from CNY 25,820,689,756, a reduction of 7.3%[16] - The company's total assets amounted to CNY 148,806,683,802, slightly up from CNY 148,043,785,040, showing a marginal increase of 0.5%[17] - Total liabilities for Q1 2020 were 13,421,083,768 RMB, down from 15,316,039,809 RMB in the previous period[20] - Current liabilities totaled ¥14,170,482,156, with accounts payable at ¥3,121,424,669[32] Shareholder Information - The total number of shareholders was 149,576, with the largest shareholder holding 61.70% of the shares[8] - Basic and diluted earnings per share were both ¥0.17, a decrease of 37.04% year-over-year[5] - The company's equity attributable to shareholders increased to CNY 116,328,306,150 from CNY 113,881,035,078, representing a growth of 2.2%[17] - Shareholders' equity totaled ¥122,223,095,284, with total equity attributable to the parent company at ¥113,881,035,078[33] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[5] - Research and development expenses for Q1 2020 were 537,548 RMB, indicating ongoing investment in innovation[22] - The company did not engage in any external investment activities during the period, resulting in a cash flow from investing activities of CNY -512,129,923, a decrease of 85% compared to the previous year[12] Other Financial Metrics - Government subsidies recognized in the current period amounted to ¥34.15 million, contributing positively to the financial results[6] - Non-operating income and expenses, excluding the aforementioned items, resulted in a net loss of ¥1.35 million[7] - The company recorded a 1092% increase in credit impairment losses, amounting to CNY 10,839,063, indicating a rise in provisions for credit losses[11] - Other income increased by 166% to CNY 34,151,393, mainly due to an increase in local unemployment insurance refunds received during the period[11]