HUALI(SH:603038)2020-04-27 16:00Financial Performance - Operating revenue fell by 23.90% to CNY 106,436,080.53 year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 19,983,808.26, a decrease of 277.13% compared to the previous year[5] - Basic earnings per share decreased by 266.67% to CNY -0.15[5] - The weighted average return on net assets dropped by 2.98 percentage points to -1.87%[5] - The net loss for Q1 2020 was CNY 20,492,913.75, compared to a net profit of CNY 11,141,508.98 in Q1 2019[31] - The company's total liabilities amounted to CNY 220,680,236.25, a decrease from CNY 258,968,456.52 in the previous year[30] - Total equity as of Q1 2020 was CNY 1,008,309,226.86, down from CNY 1,030,097,273.68 in Q1 2019[29] - The gross profit margin for Q1 2020 was approximately -5.1%, compared to a positive margin in Q1 2019[30] - The total comprehensive loss for Q1 2020 was CNY 20,536,529.15, compared to a comprehensive income of CNY 9,345,227.00 in Q1 2019[31] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -83,870,927.51, worsening from CNY -35,519,149.30 in the same period last year[5] - The cash flow from operating activities for Q1 2020 was a net outflow of approximately CNY 83.87 million, worsening from a net outflow of CNY 35.52 million in Q1 2019[37] - Cash and cash equivalents decreased by 44.53% to ¥164.26 million compared to the beginning of the year, primarily due to payments for due bills and acquisition costs[1] - Cash and cash equivalents at the end of Q1 2020 were 76,403,588.41 RMB, a decrease from 200,401,546.47 RMB at the beginning of the period, highlighting liquidity challenges[41] - The company reported a cash inflow from investment activities of approximately CNY 179.47 million in Q1 2020, down from CNY 191.95 million in Q1 2019[38] - The cash outflow from investment activities in Q1 2020 was approximately CNY 228.62 million, compared to CNY 172.27 million in Q1 2019, reflecting increased investment expenditures[38] Assets and Liabilities - Total assets decreased by 5.22% to CNY 1,354,777,848.51 compared to the end of the previous year[5] - Total current assets amounted to ¥780,533,243.71 as of December 31, 2019[47] - Total non-current assets reached ¥508,532,486.49, contributing to a total asset value of ¥1,289,065,730.20[48] - Total liabilities decreased to ¥291,969,452.80 from ¥331,048,898.85, a decline of 11.7%[24] - The company's equity attributable to shareholders decreased to ¥1,058,140,564.35 from ¥1,081,479,188.55, a decline of 2.1%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,166[10] - The largest shareholder, Tan Hongru, holds 43.03% of the shares, with 56,610,000 shares pledged[11] Research and Development - Research and development expenses decreased by 30.01% to ¥4.74 million, primarily due to slowed R&D activities caused by the pandemic[17] - Research and development expenses for Q1 2020 were CNY 4,735,655.00, a decrease of 30% from CNY 6,765,843.46 in Q1 2019[30] Market and Strategic Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company predicts a significant decline in cumulative net profit for the first half of 2020 compared to the same period last year due to the ongoing impact of the pandemic and falling international oil prices[19] - The company expects gradual improvement in operating performance as the domestic market recovers from the pandemic[20]