DEPPON(SH:603056)2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was CNY 4.52 billion, a decrease of 17.50% year-on-year [24]. - The net profit attributable to shareholders was a loss of CNY 0.92 billion, a decline of 88.31% compared to the same period last year [16]. - In March 2020, the company achieved a net profit of CNY 155 million, a year-on-year increase of 114.75% as business began to recover [24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 1.63 billion, a decrease of 124.95% year-on-year [16]. - The company's total revenue for Q1 2020 was approximately ¥94.67 million, an increase of 22.8% compared to ¥77.11 million in Q1 2019 [65]. - The net profit for Q1 2020 was approximately ¥2.97 million, compared to a net loss of ¥2.56 million in Q1 2019, indicating a significant turnaround [66]. - The total comprehensive income for Q1 2020 was approximately ¥2.97 million, compared to a loss of ¥2.56 million in Q1 2019, showing improvement in overall financial health [66]. Assets and Liabilities - As of the end of Q1 2020, the company's total assets were CNY 9.16 billion, an increase of 0.93% compared to the end of 2019 [22]. - The company's asset-liability ratio increased to 56.80%, up 1.47 percentage points from the end of 2019 [22]. - Total liabilities increased to ¥5,204,044,934.13 from ¥5,022,309,612.27, indicating a rise of about 3.6% [50]. - Total assets amounted to ¥9,162,478,446.41, slightly up from ¥9,077,981,782.54, reflecting a growth of approximately 0.9% [50]. - The company's total assets amounted to approximately $5.92 billion, with non-current assets totaling about $1.62 billion [87]. - Current liabilities reached approximately $2.14 billion, while total liabilities were around $2.15 billion [89]. Cash Flow - The cash flow from operating activities was CNY 154.27 million, a significant improvement of 166.03% compared to the previous year [16]. - The net cash flow from operating activities improved by 166.03%, reaching CNY 154,267,997.17 compared to a negative CNY 233,625,310.47 in the same period last year [37]. - The company's cash flow from operating activities was approximately ¥5.09 billion, down from ¥6.03 billion in the previous year, indicating a decrease of about 15.4% [67]. - Cash outflow from operating activities decreased to $480.26 million from $1.19 billion, indicating improved operational efficiency [72]. Shareholder Information - The number of shareholders at the end of the reporting period was 33,384, with the largest shareholder holding 71.99% of the shares [28]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder, Ningbo Meishan Bonded Port Area Debang Investment Holdings Co., Ltd., holding 691,075,961 shares [28]. - The company's equity attributable to shareholders decreased to ¥3,962,463,737.89 from ¥4,055,672,170.27, a decline of about 2.3% [50]. Operational Costs and Expenses - Total operating costs for Q1 2020 were $4,723,411,943.21, down from $5,580,208,307.51 in Q1 2019, reflecting a reduction of 15.4% [60]. - Operating profit for Q1 2020 was -$120,242,183.07, compared to -$72,111,038.11 in Q1 2019, indicating a worsening of 66.8% [60]. - The company incurred operating costs of approximately ¥35.51 million in Q1 2020, which was significantly higher than ¥22.78 million in Q1 2019, indicating increased operational expenses [65]. Changes in Financial Reporting - The company executed a new revenue recognition standard starting January 1, 2020, impacting financial reporting [84]. - The company did not make retrospective adjustments to comparative financial statements under the new revenue recognition standards effective from January 1, 2020 [91].