Chuangli Group(SH:603012)2020-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 374.28 million, down 10.24% year-on-year[5] - Net profit attributable to shareholders was CNY 50.02 million, an increase of 5.58% compared to the same period last year[5] - Basic and diluted earnings per share were both CNY 0.08, representing a 14.28% increase year-on-year[5] - The company reported a net profit margin of approximately 9.8% for Q1 2020, down from 12.7% in Q1 2019[26] - The total profit for Q1 2020 was ¥63,122,457.63, an increase of 12.1% from ¥56,069,312.07 in Q1 2019[28] - The total comprehensive income for Q1 2020 was ¥54,620,351.54, compared to ¥47,177,078.24 in Q1 2019, reflecting a growth of 15.2%[28] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 5.32 billion, a decrease of 1.93% compared to the end of the previous year[5] - Total liabilities decreased from CNY 3,200,000,000 to CNY 3,100,000,000, indicating a reduction in financial obligations[21] - The total assets as of March 31, 2020, amounted to CNY 4,010,635,604.77, compared to CNY 3,964,704,818.37 at the end of 2019, indicating a growth of 1.2%[25] - Total liabilities as of March 31, 2020, were CNY 1,519,214,025.97, slightly up from CNY 1,507,705,743.26 at the end of 2019[25] - The company's total equity increased to CNY 2,491,421,578.80 as of March 31, 2020, compared to CNY 2,456,999,075.11 at the end of 2019, reflecting a growth of 1.4%[26] - Total liabilities reached CNY 2,581,203,446.21, with non-current liabilities at CNY 254,990,949.85[40] Cash Flow - Net cash flow from operating activities was negative CNY 15.83 million, a decline of 153.09% compared to the previous year[5] - Cash received from operating activities decreased by 50.29% from CNY 47,204,965.57 to CNY 23,465,483.76, mainly due to a reduction in deposits and receivables[17] - Cash paid for purchasing goods and services increased by 53.16% from CNY 162,869,375.78 to CNY 249,450,560.30, driven by increased cash purchases in the coal machinery business[17] - The net cash flow from operating activities was -¥15.83 million in Q1 2020, compared to ¥29.82 million in Q1 2019, indicating a significant decline[33] - The cash inflow from financing activities was ¥131.62 million in Q1 2020, a substantial increase from ¥9.04 million in Q1 2019[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 47,978[10] - The largest shareholder, Shanghai Jusheng Investment Co., Ltd., held 10.42% of the shares, with 39 million shares pledged[10] Expenses - Sales expenses decreased by 31.04% from CNY 69,620,556.72 to CNY 48,007,880.67, attributed to a decline in agency fees and after-sales service costs[15] - R&D expenses increased by 55.80% from CNY 12,704,475.66 to CNY 19,793,732.13 due to a rise in the number of R&D personnel and salary increases[15] - Research and development expenses increased significantly to ¥16,374,365.23 in Q1 2020, compared to ¥7,655,806.80 in Q1 2019, marking a rise of 113.1%[29] Government Support - The company received government subsidies amounting to CNY 21.86 million during the reporting period[8] Non-Recurring Items - Non-recurring gains and losses totaled CNY 16.07 million for the quarter[9] Accounting Standards - The company is subject to the new revenue recognition standards effective from January 1, 2020, impacting financial reporting[41] - The company is implementing the new revenue recognition standards starting from January 1, 2020, which may impact future financial reporting[46]