SQTEG(SH:603339)2020-04-22 16:00Financial Performance - Operating revenue fell by 37.66% to CNY 207,871,245.32 year-on-year[5] - Net profit attributable to shareholders decreased by 39.59% to CNY 20,889,583.38 compared to the same period last year[5] - Basic and diluted earnings per share both decreased by 37.5% to CNY 0.10[5] - The weighted average return on equity decreased by 0.89 percentage points to 1.19%[5] - Total operating revenue for Q1 2020 was ¥207.87 million, a decrease of 37.6% compared to ¥333.44 million in Q1 2019[24] - Net profit for Q1 2020 was ¥20.89 million, a decline of 39.7% from ¥34.58 million in Q1 2019[25] - Comprehensive income for Q1 2020 was ¥21.44 million, a decrease of 37.0% from ¥33.99 million in Q1 2019[25] Cash Flow - Cash flow from operating activities showed a significant decline, with a net cash outflow of CNY 68,613,632.98, an increase of 161.15% in losses compared to the previous year[5] - Cash received from sales of goods and services in Q1 2020 was ¥207.39 million, down 22.1% from ¥266.28 million in Q1 2019[29] - In Q1 2020, the net cash flow from operating activities was -68,613,632.98 RMB, compared to -26,274,045.96 RMB in Q1 2019, indicating a decline in operational performance[30] - Total cash inflow from operating activities was 236,399,749.86 RMB, while cash outflow was 305,013,382.84 RMB, resulting in a net cash outflow of 68,613,632.98 RMB[30] - The net cash flow from financing activities was -80,012,944.44 RMB in Q1 2020, compared to 199,467,722.22 RMB in Q1 2019, indicating a significant decrease in financing activities[31] Assets and Liabilities - Total assets decreased by 3.17% to CNY 2,386,924,942.76 compared to the end of the previous year[5] - The total current assets as of March 31, 2020, were RMB 1,512,251,414.12, down from RMB 1,639,379,320.41 as of December 31, 2019[15] - Total liabilities were CNY 620,562,335.71, a decrease of 13.76% compared to CNY 719,546,813.39[17] - Current liabilities decreased to CNY 596,674,437.60, down 14.34% from CNY 696,435,257.06 in the previous period[16] - Non-current assets totaled CNY 874,673,528.64, increasing by 5.94% from CNY 825,569,383.44 year-over-year[16] Shareholder Information - The total number of shareholders reached 18,954 at the end of the reporting period[10] - The largest shareholder, Huang Jie, holds 39.96% of the shares, totaling 84,187,105 shares[10] - Shareholders' equity increased to CNY 1,766,362,607.05, up from CNY 1,745,401,890.46, reflecting a growth of 1.00%[17] Other Income and Expenses - The company reported a significant increase in non-operating income from government subsidies, amounting to CNY 3,450,661.00[8] - Other income increased by 98.80% to RMB 3,450,661.00 from RMB 1,735,750.00, mainly due to an increase in government subsidies[13] - The company reported a financial expense of -¥6.97 million in Q1 2020, compared to a financial expense of ¥14,779.43 in Q1 2019, indicating a significant improvement[24] Inventory and Receivables - Accounts receivable decreased by 54.56% to RMB 2,283,512.00 from RMB 5,025,547.40 as of December 31, 2019, mainly due to a reduction in notes receivable[12] - Inventory increased to CNY 104,135,191.55, up 21.12% from CNY 85,985,888.18[20] - Prepayments increased significantly by 263.60% to RMB 113,770,532.21 from RMB 31,290,450.41, primarily due to an increase in advance payments for materials[12]