MCC(SH:601618)2020-04-28 16:00Financial Performance - Operating revenue for the period was RMB 72,724,921, representing a year-on-year increase of 15.24%[5] - Net profit attributable to shareholders of the listed company was RMB 1,892,109, up 7.09% compared to the same period last year[5] - The basic earnings per share remained at RMB 0.09, unchanged from the previous year[5] - Total operating revenue for Q1 2020 was 72,724,921, an increase from 63,106,772 in Q1 2019, representing a growth of approximately 15.5%[25] - The net profit for Q1 2020 was 2,378,509, representing an increase of 10.7% from 2,148,738 in Q1 2019[26] - The net profit attributable to shareholders of the parent company was 1,892,109, up from 1,766,899, marking a growth of 7.1% year-over-year[26] - The total comprehensive income for Q1 2020 was 2,606,641, compared to 2,156,795 in Q1 2019, indicating a rise of 20.9%[26] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 479,384,725, an increase of 4.55% compared to the end of the previous year[5] - The total liabilities reached 358.93 billion as of March 31, 2020, up from 341.60 billion at the end of 2019, indicating an increase of about 5.1%[20] - The company's current assets totaled 366.43 billion as of March 31, 2020, compared to 347.44 billion at the end of 2019, reflecting a growth of approximately 5.7%[18] - The company's total equity decreased to 83,526,172 as of March 31, 2020, from 88,332,329 at the end of 2019, representing a decline of about 5.4%[24] Cash Flow - Net cash flow from operating activities was RMB -8,893,561, an improvement from RMB -13,935,490 in the previous year[5] - The net cash flow from operating activities was -180,307 in Q1 2020, a decrease from 408,409 in Q1 2019[34] - Cash inflow from investment activities totaled 4,919,003 in Q1 2020, up from 1,516,404 in Q1 2019[34] - The net cash flow from financing activities was 4,785,150 in Q1 2020, a recovery from -2,133,197 in Q1 2019[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 406,866[9] - The largest shareholder, China Metallurgical Group Corporation, held 55.10% of the shares[9] - The top ten shareholders hold a total of 1,000,000,000 shares, with the largest shareholder, China Securities Finance Corporation, owning 620,195,642 shares[11] Research and Development - Research and development expenses reached RMB 1,081,732 thousand, marking a 67.18% increase compared to the same period last year, indicating a significant boost in R&D investment[13] Government Subsidies - The company received government subsidies amounting to RMB 61,732 during the reporting period[6] Debt and Financing - As of March 31, 2020, the company reported short-term loans of RMB 58,958,019 thousand, an increase of 45.66% compared to the end of the previous year, attributed to increased short-term financing[13] - The cash flow from financing activities included debt repayment of 14,251,157 in Q1 2020, down from 17,613,222 in Q1 2019[35] Compliance and Governance - The company has guaranteed compliance with relevant regulations and management systems, ensuring equal rights and obligations among shareholders[15] - The company will not distribute profits to ordinary shareholders if it anticipates difficulties in repaying bond principal and interest during the bond's duration[15]