SHBT(SH:603009)2020-04-28 16:00Financial Performance - Revenue for the period was CNY 244,195,955.45, a decrease of 7.94% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 5,067,525.74, down 57.14% year-on-year[5]. - The company reported a net loss attributable to shareholders of CNY -4,606,536.83, a decline of 158.34% compared to the previous year[5]. - Basic earnings per share decreased to CNY 0.0141, down 57.14% from CNY 0.0329 in the same period last year[5]. - The weighted average return on equity was 0.3201%, a decrease of 0.36 percentage points compared to the previous year[5]. - The company reported a net profit of CNY 3,100,986.87 for Q1 2020, down from CNY 13,081,919.76 in Q1 2019[33]. - The net profit for Q1 2020 was a loss of CNY 2,875,769.33, compared to a profit of CNY 2,261,621.51 in Q1 2019, indicating a significant decline in profitability[38]. - The total comprehensive income for Q1 2020 was CNY -2,875,769.33, contrasting with CNY 2,261,621.51 in Q1 2019[38]. Cash Flow - Operating cash flow net amount for the period was CNY 98,713,160.99, representing a significant increase of 51.08% year-on-year[5]. - Net cash flow from operating activities increased by 51.08% to ¥98.71 million, primarily from increased cash receipts from sales[18]. - The cash inflow from operating activities for Q1 2020 was CNY 321,993,413.45, a decrease from CNY 349,755,892.07 in Q1 2019[40]. - Total cash inflow from operating activities was ¥209,782,343.47, while cash outflow was ¥135,538,554.90, resulting in a net cash flow of ¥74,243,788.57 for Q1 2020[42]. - The company reported a net cash flow from investing activities of -¥29,887,853.54, a decrease from -¥127,420,803.41 in the previous year[41]. - Cash inflow from financing activities totaled ¥191,326,849.60, while cash outflow was ¥160,017,994.27, leading to a net cash flow of ¥31,308,855.33 for Q1 2020[41]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,266,976,729.33, an increase of 1.46% compared to the end of the previous year[5]. - Total liabilities as of March 31, 2020, amounted to CNY 953,911,245.39, an increase from CNY 895,270,168.36 at the end of 2019[31]. - Total assets as of March 31, 2020, reached CNY 2,552,181,898.52, compared to CNY 2,496,416,590.82 at the end of 2019[31]. - Non-current liabilities totaled CNY 105,932,478.25 as of March 31, 2020, up from CNY 59,344,150.34 at the end of 2019[31]. - Total liabilities amounted to ¥1,563,114,352.42, with current liabilities at ¥1,448,584,418.87 and non-current liabilities at ¥114,529,933.55[47]. - The total amount of deferred income tax liabilities was ¥27,899,435.12, indicating potential future tax obligations[47]. Shareholder Information - The total number of shareholders at the end of the reporting period was 34,849[11]. - The largest shareholder, Jin Kun, holds 35.33% of the shares, amounting to 126,845,600 shares[12]. Other Financial Metrics - The company recognized non-recurring gains of CNY 9,674,062.57 during the reporting period[9]. - Cash and cash equivalents increased by 36.49% to ¥237.62 million due to increased financing during the reporting period[15]. - Accounts receivable decreased by 75.34% to ¥8.25 million as a significant amount of commercial acceptance bills matured[15]. - Long-term borrowings rose by 392.00% to ¥83.64 million due to new loans from agricultural and commercial banks[15]. - Financial expenses increased by 58.67% to ¥8.11 million as a result of higher borrowing costs from increased external financing[16]. - Other income decreased by 62.53% to ¥1.40 million due to the absence of government subsidies received in the same period last year[16]. - The company triggered performance compensation clauses due to unmet profit commitments from the 2019 fiscal year, which may lead to litigation risks[20]. - Research and development expenses for Q1 2020 were CNY 13,936,002.50, an increase from CNY 11,560,814.28 in Q1 2019[33]. - The company recorded other income of CNY 1,130,250.00 in Q1 2020, a decrease from CNY 3,620,250.00 in Q1 2019, reflecting a decline of 68.8%[37]. - The company reported a public value change gain of CNY 7,207,614.05 in Q1 2020, indicating positive performance in financial assets[37].