Huada(SH:603358)2020-04-29 16:00Financial Performance - Operating revenue fell by 43.33% to CNY 501,845,721.00 year-on-year[12] - Net profit attributable to shareholders decreased by 15.13% to CNY 30,791,933.52 compared to the same period last year[12] - The net profit after deducting non-recurring gains and losses decreased by 27.88% to CNY 25,793,207.31[12] - Basic and diluted earnings per share were both CNY 0.10, down from CNY 0.12 in the previous year[12] - Total operating revenue for Q1 2020 was $501.85 million, a decrease of 43.3% compared to $885.54 million in Q1 2019[40] - Net profit attributable to shareholders for Q1 2020 was $30.63 million, compared to $45.12 million in Q1 2019, reflecting a decrease of 32.2%[40] - Total profit for Q1 2020 was approximately ¥20.61 million, down 18.5% from ¥25.28 million in Q1 2019[47] Assets and Liabilities - Total assets decreased by 5.11% to CNY 4,403,145,783.62 compared to the end of the previous year[12] - The company's current assets totaled approximately CNY 2.47 billion, down from CNY 2.71 billion at the end of 2019, indicating a decrease of around 8.7%[25] - Total liabilities decreased to approximately CNY 1.59 billion from CNY 1.86 billion, reflecting a reduction of about 14.5%[30] - The company's equity attributable to shareholders increased to approximately CNY 2.68 billion from CNY 2.65 billion, a growth of about 1.3%[30] - Total assets decreased to $3.71 billion in Q1 2020 from $3.83 billion in Q1 2019, a reduction of 2.9%[36] - Total liabilities decreased to $1.20 billion in Q1 2020 from $1.33 billion in Q1 2019, a decline of 9.4%[36] Cash Flow - Net cash flow from operating activities improved significantly to CNY 81,660,333.05, compared to a negative CNY 17,172,503.53 in the previous year[12] - Cash inflow from operating activities totaled 945,368,788.03, compared to 933,538,602.05 in the prior year, indicating a growth of approximately 1.0%[54] - Cash outflow from operating activities was 895,793,386.43, down from 1,000,984,480.06, reflecting a decrease of about 10.5%[54] - The net cash flow from investing activities was -237,314,650.04, an improvement from -307,015,671.86 year-over-year[52] - The ending cash and cash equivalents balance was 490,963,004.15, up from 335,031,278.48, representing an increase of approximately 46.5%[54] Shareholder Information - The number of shareholders at the end of the reporting period was 15,397[18] - The largest shareholder, Chen Jinghong, holds 56.09% of the shares, with 32,480,000 shares pledged[18] Government Support - The company received government subsidies amounting to CNY 4,821,724.22 during the reporting period[15] Inventory and Accounts Receivable - Accounts receivable dropped to approximately CNY 416.80 million from CNY 772.27 million, a significant decrease of approximately 46.1%[25] - Inventory increased to approximately CNY 991.83 million from CNY 951.83 million, showing a rise of about 4.2%[25] - Inventory levels were reported at approximately $406 million, indicating a stable supply chain[65] Research and Development - Research and development expenses for Q1 2020 were $26.08 million, a decrease of 8.5% from $28.44 million in Q1 2019[40] - Research and development expenses for Q1 2020 were approximately ¥20.96 million, a decrease of 12.3% from ¥23.93 million in Q1 2019[47]