HXGF(SH:603115)2020-04-26 16:00Financial Performance - Operating revenue decreased by 7.82% to CNY 231,320,777.32 year-on-year[5] - Net profit attributable to shareholders decreased by 24.63% to CNY 25,007,218.03 compared to the same period last year[5] - Basic and diluted earnings per share decreased by 42.86% to CNY 0.12[5] - The weighted average return on equity decreased by 2.39 percentage points to 1.95%[5] - Total operating revenue for Q1 2020 was CNY 231,320,777.32, a decrease of 7.3% compared to CNY 250,936,939.14 in Q1 2019[26] - Operating profit for Q1 2020 was CNY 28,788,175.29, compared to CNY 39,092,463.38 in Q1 2019, indicating a decline of 26.4%[26] - Net profit for Q1 2020 was CNY 28,651,351.11, down from CNY 39,011,976.65 in Q1 2019, representing a decrease of 26.5%[26] Cash Flow - Cash flow from operating activities increased significantly by 727.06% to CNY 33,159,337.95[5] - Operating cash flow surged by 727.06% to ¥33,159,337.95 from ¥4,009,283.14, mainly due to government subsidies related to assets and reduced tax payments[14] - Cash flow from operating activities increased to ¥238,762,218.55 in Q1 2020, compared to ¥202,748,209.92 in Q1 2019, representing an increase of 17.7%[32] - The net cash flow from operating activities for Q1 2020 was -17,840,382.86 RMB, a decrease from 21,593,827.09 RMB in Q1 2019[37] - The company reported a total cash inflow from operating activities of 121,348,617.6 RMB in Q1 2020, an increase from 112,519,080.32 RMB in Q1 2019[37] Assets and Liabilities - Total assets increased by 1.48% to CNY 1,623,169,945.84 compared to the end of the previous year[5] - Total assets as of March 31, 2020, amounted to CNY 1,300,486,125.45, an increase from CNY 1,290,698,107.59 at the end of 2019[23] - Total liabilities as of March 31, 2020, were CNY 316,176,788.05, slightly down from CNY 316,574,996.46 at the end of 2019[23] - Shareholders' equity as of March 31, 2020, was CNY 984,309,337.40, up from CNY 974,123,111.13 at the end of 2019, reflecting an increase of 1.2%[23] Shareholder Information - The total number of shareholders reached 17,515 at the end of the reporting period[10] - The largest shareholder, Nantong Xinhaixing Investment Co., Ltd., holds 67.88% of the shares[10] Investment Activities - Investment cash flow decreased significantly by 1295.98% to -¥176,599,922.26 from -¥12,650,622.99, reflecting increased investments in financial products[14] - Total cash inflow from investment activities was 176,919,794.76 RMB, compared to 40,239,516.81 RMB in the same period last year[37] - The net cash flow from investment activities was -142,919,847.3 RMB, worsening from -1,602,164.85 RMB in Q1 2019[37] - Cash outflow for purchasing fixed assets and other long-term assets was 319,839,642.06 RMB in Q1 2020, compared to 41,841,681.66 RMB in Q1 2019[37] Other Financial Metrics - Non-recurring gains and losses totaled CNY 9,631,177.07, primarily from government subsidies and other income[9] - Financial expenses turned from a profit of ¥1,750,936.76 to a loss of ¥1,744,874.88, primarily due to exchange gains this period compared to losses in the same period last year[13] - The company reported a decrease in sales expenses to ¥4,375,467.78 in Q1 2020 from ¥6,081,548.46 in Q1 2019, a reduction of 28.0%[30] - Research and development expenses remained relatively stable at ¥6,493,540.47 in Q1 2020, compared to ¥6,559,469.14 in Q1 2019[30] - Other income decreased significantly to ¥2,629,573.33 in Q1 2020 from ¥7,135,195.00 in Q1 2019, a decline of 63.2%[30]