DFP(SH:601515)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 184,837,372.84, down 16.05% year-on-year [6]. - Operating revenue for the period was CNY 881,172,947.73, a decrease of 2.84% compared to the same period last year [6]. - Basic earnings per share were CNY 0.14, down 17.65% from CNY 0.17 in the previous year [6]. - Total revenue for Q1 2020 was ¥881,172,947.73, a decrease of 2.8% compared to ¥906,931,829.74 in Q1 2019 [24]. - Net profit for Q1 2020 was ¥188,705,188.59, down 15.8% from ¥224,078,547.97 in Q1 2019 [25]. - Earnings per share for Q1 2020 were ¥0.14, compared to ¥0.17 in Q1 2019 [25]. - Total comprehensive income for Q1 2020 was ¥57,427,718.41, compared to ¥140,265,094.27 in Q1 2019 [29]. - The company reported an investment income of ¥7,735,093.07 for Q1 2020, compared to ¥16,620,669.38 in Q1 2019 [24]. - The company reported a decrease in short-term borrowings to ¥140,948,398.69 from ¥234,585,584.55, a reduction of about 40.0% [16]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,113,300,462.71, a decrease of 0.52% compared to the end of the previous year [6]. - The company's current assets totaled ¥3,103,521,706.65, compared to ¥3,113,735,371.43 at the end of 2019, indicating a decrease of about 0.33% [15]. - Total liabilities decreased to ¥1,680,727,358.12 from ¥1,889,479,623.29, representing a decline of about 11.0% [17]. - The company's equity attributable to shareholders increased to ¥4,236,263,278.72 from ¥4,065,343,724.64, an increase of approximately 4.2% [17]. - Total assets as of the end of Q1 2020 were ¥4,604,631,851.09, down from ¥4,781,744,967.06 at the end of Q1 2019 [22]. - Total liabilities as of the end of Q1 2020 were ¥942,371,530.32, a decrease from ¥1,176,912,364.70 in Q1 2019 [22]. - Total equity as of the end of Q1 2020 was ¥3,662,260,320.77, an increase from ¥3,604,832,602.36 in Q1 2019 [22]. Cash Flow - Cash flow from operating activities increased by 84.67% to CNY 132,797,333.66 compared to the previous year [6]. - The net cash flow from operating activities increased by 84.67% to ¥132,797,333.66, primarily due to reduced payments for goods and taxes [13]. - Cash flow from operating activities for Q1 2020 was ¥132,797,333.66, an increase of 84% compared to ¥71,909,539.51 in Q1 2019 [31]. - The net cash flow from financing activities was -¥188,325,871.14, a significant decrease from ¥274,587,239.56 in Q1 2019 [35]. - The cash inflow from financing activities was ¥120,000,000.00, down 60% from ¥300,000,000.00 in Q1 2019 [35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 38,061 [9]. - The largest shareholder, Hong Kong Dongfeng Investment Group Co., Ltd., held 54.40% of the shares, with 294,000,000 shares pledged [9]. Other Financial Metrics - The weighted average return on equity decreased by 0.70 percentage points to 4.45% [6]. - Non-recurring losses totaled CNY -140,711.49, primarily due to donations and other non-operating expenses [7]. - Financial expenses increased by 135.59% to ¥12,636,804.46, reflecting higher interest expenses on convertible bonds [12]. - Research and development expenses for Q1 2020 were ¥27,732,842.52, down 23.2% from ¥36,139,561.17 in Q1 2019 [24]. - The company experienced a foreign exchange loss of ¥15,365,368.13 in Q1 2020, compared to a loss of ¥1,532,899.42 in Q1 2019 [25]. Investment Activities - The company issued convertible bonds totaling ¥295,328,000.00 to acquire 75% of Guizhou Qianye Pharmaceutical Packaging Co., Ltd. and to supplement working capital [13]. - The company reported an investment loss of ¥3,583,623.11 in Q1 2020, compared to a loss of ¥1,964,722.48 in Q1 2019 [28]. - The company experienced a net cash outflow from investing activities of ¥53,413,701.00 in Q1 2020, compared to an outflow of ¥86,733,218.26 in Q1 2019 [32]. Changes in Assets - Other receivables increased by 220.10% to ¥50,513,377.80 due to unpaid cash dividends from an associate company [11]. - Other current assets decreased by 56.46% to ¥10,651,156.30, mainly due to a reduction in input VAT credits [11]. - The company reported a significant increase in other non-current assets by 96.26% to ¥26,036,734.32 due to prepayments for equipment upgrades [11]. - Cash and cash equivalents decreased to ¥851,600,411.81 from ¥1,017,960,849.39, reflecting a decline of approximately 16.3% [15]. - Accounts receivable increased to ¥1,136,526,857.44 from ¥883,073,606.69, marking an increase of about 28.7% [15]. - Inventory decreased to ¥602,653,038.80 from ¥698,805,817.50, a reduction of approximately 13.8% [15].