绿色动力(601330) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 432,945,663.95, representing a growth of 23.44% year-on-year[11] - Net profit attributable to shareholders decreased by 1.00% to CNY 94,409,909.74 compared to the same period last year[11] - The company's net profit for the first quarter of 2020 was CNY 58,668,844.57, a decrease from CNY 66,833,570.47 in the same period of 2019, representing a decline of approximately 12.5%[36] - Operating revenue for the first quarter of 2020 was CNY 2,606,959.08, down from CNY 20,848,431.90 in the first quarter of 2019, indicating a significant decrease of about 87.5%[36] - The company's operating profit for the first quarter of 2020 was CNY 58,601,188.13, compared to CNY 66,838,297.51 in the previous year, reflecting a decline of approximately 12.5%[36] - The total comprehensive income for the first quarter of 2020 was CNY 58,668,844.57, down from CNY 66,833,570.47 in the same period of 2019, indicating a decrease of about 12.5%[36] Cash Flow - Net cash flow from operating activities was CNY 12,634,490.11, a significant improvement from a negative cash flow of CNY -149,748,420.35 in the previous year[11] - Cash flow from financing activities generated $581,546,373.66, compared to $655,509,256.58 in the previous period, showing a decrease of approximately 11.3%[40] - The cash flow from operating activities showed a positive trend, indicating improved operational efficiency and financial health[40] - The cash flow from operating activities for the first quarter of 2020 was CNY 466,558,815.12, compared to CNY 293,806,719.21 in the same period of 2019, showing an increase of about 58.8%[38] Assets and Liabilities - Total assets increased by 4.45% to CNY 14,279,502,778.28 compared to the end of the previous year[11] - Total assets increased to ¥14.28 billion as of March 31, 2020, from ¥13.67 billion at the end of 2019, marking a growth of 4.5%[24] - Total liabilities rose to ¥10.67 billion, up from ¥10.17 billion at the end of 2019, reflecting an increase of 4.9%[26] - Cash and cash equivalents as of March 31, 2020, amounted to ¥617.06 million, compared to ¥432.14 million at the end of 2019, representing a growth of 42.7%[24] Shareholder Information - The number of shareholders at the end of the reporting period was 50,189[14] - The company is in the process of a non-public issuance of A-shares, with the application accepted by the China Securities Regulatory Commission[20] Expenses - Income tax expenses increased by 66.25% to CNY 24,263,742.38, mainly due to a significant increase in profits from the Changzhou project[17] - Financial expenses increased to CNY 42,179,194.93 in the first quarter of 2020, up from CNY 27,128,955.87 in the same period of 2019, marking an increase of about 55.5%[36] - Research and development expenses for the first quarter of 2020 were CNY 1,170,872.98, a decrease from CNY 1,537,557.26 in the first quarter of 2019, indicating a reduction of approximately 23.8%[36] - The company reported a decrease in management expenses to CNY 6,384,008.71 in the first quarter of 2020, down from CNY 7,198,382.16 in the same period of 2019, reflecting a decline of about 11.3%[36] Borrowings - Short-term borrowings increased by 15.77% to CNY 2,816,742,528.99, primarily due to increased loans from state-owned enterprises and banks[17] Equity - The weighted average return on equity decreased by 0.31 percentage points to 2.82% compared to the previous year[11] - The company reported a total equity of approximately ¥3.61 billion as of March 31, 2020, compared to ¥3.50 billion at the end of 2019, indicating an increase of 3.2%[26]