SINOJIT Technology(SH:601218)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 195.02% year-on-year, reaching approximately CNY 21.01 million[5]. - Basic earnings per share rose by 209.72% to CNY 0.0223 per share[5]. - Net profit for Q1 2020 increased by 193.44% to CNY 21,022,202.77 compared to CNY 7,164,081.20 in Q1 2019, driven by increased revenue from wind farms and reduced production costs[12]. - The company reported a net profit of CNY 798,097,595.61, compared to CNY 794,274,279.30 in the previous year[23]. - Operating profit for Q1 2020 was ¥23,614,870.74, an increase from ¥9,793,503.02 in Q1 2019[25]. - The company achieved a total profit of ¥23,905,971.69 in Q1 2020, compared to ¥9,352,005.61 in Q1 2019[25]. Revenue and Sales - Revenue from sales of goods and services received reached CNY 283,119,372.69, a 39.11% increase from CNY 203,526,316.50 in the previous year, indicating stronger cash collection efforts[12]. - Total operating revenue for Q1 2020 was ¥303,757,028.03, a decrease of 0.3% from ¥306,676,323.58 in Q1 2019[25]. - Cash inflow from sales of goods and services in Q1 2020 was CNY 283.12 million, up from CNY 203.53 million in Q1 2019, representing an increase of 39.1%[32]. - Cash inflow from sales of goods and services for the parent company in Q1 2020 was CNY 328.50 million, compared to CNY 204.71 million in Q1 2019, an increase of 60.5%[35]. Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of approximately CNY 6.29 million, a decline of 21.17% compared to the same period last year[5]. - Total current assets decreased to CNY 2,299,815,996.83 from CNY 2,473,637,326.71, indicating a reduction in liquidity[17]. - Cash and cash equivalents dropped to CNY 488,863,973.19 from CNY 749,224,175.75, highlighting a decrease in available cash[17]. - Net cash flow from operating activities in Q1 2020 was -CNY 6.29 million, compared to -CNY 5.19 million in Q1 2019, indicating a decline in cash flow[32]. - The ending cash and cash equivalents balance for Q1 2020 was CNY 252.18 million, down from CNY 281.06 million in Q1 2019, a decrease of 10.3%[33]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 4.46 billion, a decrease of 1.01% compared to the end of the previous year[5]. - Total liabilities amounted to CNY 1,929,383,234.34, a decrease from CNY 1,995,940,446.71 in the previous year[19]. - Total equity reached CNY 2,530,430,011.25, up from CNY 2,509,407,808.48 year-over-year[19]. - Total current liabilities were CNY 1,533,827,358.43, with short-term borrowings of CNY 727,711,311.23[39]. - The total amount of other payables was 23,448,228.89, which includes employee compensation payable of 16,915,705.12[43]. Investments and Expenditures - The company reported a significant increase in construction in progress, rising by 46.70% to approximately CNY 418.97 million[11]. - Prepayments increased by 175.91%, reaching approximately CNY 49.05 million[11]. - Long-term payables rose by 53.88% to CNY 359,839,615.15, attributed to increased financing leases for wind farms[12]. - Investment income surged to CNY 776,350.76, a significant increase of 3,002.44% from CNY 25,023.90, reflecting higher returns from financial products[12]. - Cash paid for purchasing goods and services increased by 65.81% to CNY 263,075,338.89, reflecting higher procurement costs[12]. Shareholder Information - The number of shareholders at the end of the reporting period was 50,804[9]. - The company maintained a deferred income of CNY 4,400,000.00, unchanged from the previous year[23]. - Owner's equity totaled 2,456,776,864.73, including paid-in capital of 991,760,000.00 and retained earnings of 794,274,279.30[43].