Sunway(SH:603333)2020-05-05 16:00Financial Performance - In Q1 2020, the company's operating revenue decreased by 52.73% year-on-year to CNY 205,877,275.37[6] - The net profit attributable to shareholders was a loss of CNY 15,047,436.31, a decline of 178.42% compared to the same period last year[6] - The company's revenue for Q1 2020 was CNY 205,877,275.37, a decrease of 52.73% compared to CNY 435,549,062.21 in the same period last year[16] - The cost of goods sold for Q1 2020 was CNY 164,073,680.51, down 53.87% from CNY 355,667,543.93 year-on-year[16] - Basic and diluted earnings per share were both -CNY 0.03, a decrease of 175.00% compared to the previous year[6] - The company reported a net loss attributable to shareholders of CNY -15,047,436.31, a decline of 178.42% compared to a profit of CNY 19,187,786.67 in the same period last year[17] - The company reported a comprehensive loss of ¥85,293,380.99 in Q1 2020, compared to a comprehensive income of ¥19,948,343.55 in Q1 2019[32] - Net loss for Q1 2020 was ¥15,239,270.99, compared to a net profit of ¥19,187,587.54 in Q1 2019, representing a significant decline[32] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,868,514,297.56, down 2.41% from the end of the previous year[6] - Total assets decreased from CNY 2,939,246,565.45 to CNY 2,868,514,297.56, a decline of approximately 2.4%[23] - Total liabilities increased from CNY 1,399,444,619.22 to CNY 1,412,484,864.96, an increase of about 0.8%[24] - Current liabilities increased from CNY 1,307,307,736.04 to CNY 1,322,331,156.92, an increase of about 1.1%[23] - Non-current liabilities decreased from CNY 92,136,883.18 to CNY 90,153,708.04, a reduction of approximately 2.1%[24] - Shareholders' equity decreased from CNY 1,539,801,946.23 to CNY 1,456,029,432.60, a decline of approximately 5.4%[24] Cash Flow - The net cash flow from operating activities was CNY 6,506,222.46, a significant improvement from a negative CNY 116,279,047.74 in the same period last year[6] - Cash inflow from operating activities for Q1 2020 was CNY 424,295,302.45, an increase of 41.7% compared to CNY 299,645,534.49 in Q1 2019[38] - Net cash flow from operating activities for Q1 2020 was CNY 6,506,222.46, a significant improvement from a net outflow of CNY -116,279,047.74 in Q1 2019[39] - Total cash inflow from investment activities in Q1 2020 was CNY 176,723,491.80, compared to CNY 9,307,529.60 in Q1 2019, indicating a substantial increase[39] - Net cash flow from financing activities for Q1 2020 was CNY -38,408,163.24, compared to CNY 110,760,949.37 in Q1 2019, reflecting a decline[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,083[12] - Major shareholders include Li Guangsheng and Li Guangyuan, holding 30.00% and 28.00% of shares respectively, both of which are pledged[12] Inventory and Receivables - The company's inventory increased by 56.65% year-on-year, indicating potential revenue growth in the next reporting period[8] - Accounts receivable decreased to CNY 874,823,895.75 from CNY 1,199,206,395.09, reflecting a significant reduction of 27.03%[22] - Inventory increased by 56.65% to CNY 354,729,631.81 from CNY 226,441,836.40, primarily due to project delays caused by the pandemic[15] - Accounts receivable decreased from CNY 920,714,337.15 to CNY 666,627,519.58, a decline of approximately 27.6%[25] Other Financial Metrics - The weighted average return on net assets decreased by 2.34 percentage points to -0.99%[6] - The company reported non-recurring gains and losses totaling -CNY 1,888,630.57, primarily due to pandemic-related donations[9] - The company’s other income increased by 112.61% to CNY 1,510,360.59, attributed to increased government subsidies[17] - The company’s deferred tax assets rose by 70.71% to CNY 28,847,566.68 due to increased temporary differences[15] - Research and development expenses for Q1 2020 were ¥8,770,122.78, slightly down from ¥8,914,923.99 in Q1 2019[30] - Financial expenses in Q1 2020 increased to ¥11,198,018.04 from ¥10,125,316.31 in Q1 2019, with interest expenses rising to ¥10,998,679.58[30]