YUANLI(SH:603217)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 35.57% to CNY 28,000,226.99 year-on-year[6] - Operating revenue fell by 19.10% to CNY 248,681,814.36 compared to the same period last year[6] - Basic earnings per share decreased by 51.57% to CNY 0.308[6] - The company's net profit for Q1 2020 was ¥28,000,226.99, a decrease of 35.57% compared to ¥43,459,157.64 in the same period last year[17] - Operating profit fell to ¥33,423,830.05, down 43.33% from ¥58,983,358.90 year-on-year, primarily due to a decline in sales volume caused by the COVID-19 pandemic[17] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 51.80% to CNY 20,614,560.71[6] - The company reported a 56.03% decrease in tax and additional fees, reflecting a reduction in sales revenue[17] - The net profit for Q1 2020 was ¥21,701,718.61, down 54.7% from ¥47,894,224.94 in Q1 2019[36] - The total profit for Q1 2020 was ¥27,067,662.24, compared to ¥64,922,502.66 in Q1 2019, reflecting a decrease of 58.3%[36] Cash Flow - Net cash flow from operating activities increased by 79.70% to CNY 39,646,438.57 year-on-year[6] - The company's cash flow from operating activities increased by 79.70% to ¥39,646,438.57, compared to ¥22,062,160.29 in the same period last year[17] - The company's cash inflow from operating activities in Q1 2020 was ¥189,418,429.51, down from ¥214,887,419.25 in Q1 2019[39] - The total cash inflow from operating activities was CNY 151,956,753.41, down from CNY 214,613,612.81 in the previous year[42] - Cash flow from investment activities showed a net outflow of ¥62,870,165.81, a 222.93% increase in outflow compared to the previous year[17] - Cash outflow for investment activities reached CNY 422,808,632.76, compared to CNY 139,178,363.99 in Q1 2019, resulting in a net cash flow from investment activities of -CNY 71,338,549.10[43] - The company reported a net cash outflow from financing activities of -CNY 6,889,536.91, compared to a net inflow of CNY 35,000,000.00 in Q1 2019[41] Assets and Liabilities - Total assets decreased by 1.61% to CNY 2,462,026,271.46 compared to the end of the previous year[6] - Total assets as of March 31, 2020, amounted to CNY 2,408,031,121.64, slightly up from CNY 2,402,040,438.12 at the end of 2019[29] - Total liabilities as of March 31, 2020, were CNY 227,137,795.10, down from CNY 242,848,830.19 at the end of 2019, indicating a reduction of 6.48%[29] - Shareholders' equity totaled CNY 2,180,893,326.54 as of March 31, 2020, an increase from CNY 2,159,191,607.93 at the end of 2019[29] - The company’s total liabilities and equity amounted to CNY 2,402,040,438.12[53] Operational Efficiency - Total operating revenue for Q1 2020 was CNY 248,681,814.36, a decrease of 19.06% compared to CNY 307,375,162.15 in Q1 2019[33] - Total operating costs for Q1 2020 were CNY 223,562,855.22, down 10.00% from CNY 248,101,278.73 in Q1 2019[33] - Operating profit for Q1 2020 was CNY 33,423,830.05, a decline of 43.38% from CNY 58,983,358.90 in Q1 2019[33] - Research and development expenses for Q1 2020 were CNY 8,693,389.14, down from CNY 9,911,935.17 in Q1 2019, reflecting a decrease of 12.24%[33] Future Outlook - The company anticipates a significant decline in cumulative net profit for the year compared to the previous year, citing uncertainties due to the ongoing pandemic[18] - The company plans to enhance customer loyalty and focus on cost control to maintain reasonable profit margins amid increasing market competition[20] - The company aims to strengthen technology and new product development to adapt to changing market demands and explore new profit opportunities[20]