ZBD(SH:603567)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 25.04% to CNY 126,593,226.14 year-on-year[11] - Operating income fell by 21.20% to CNY 621,890,944.88 compared to the same period last year[11] - Basic earnings per share decreased by 25.04% to CNY 0.1491 compared to the same period last year[11] - The total profit for Q1 2020 was $165.58 million, down 19.5% from $205.66 million in Q1 2019[44] - Net profit for Q1 2020 was $127.12 million, a decline of 25.5% from $170.73 million in Q1 2019[46] - The total comprehensive income for the first quarter of 2020 was CNY 23,136,232.17, compared to CNY 62,896,569.80 in the first quarter of 2019, indicating a significant decrease[52] Assets and Liabilities - Total assets increased by 10.30% to CNY 9,947,889,963.97 compared to the end of the previous year[11] - Total liabilities increased to ¥4,570,402,470.70, up from ¥3,768,481,749.42, representing a growth of approximately 21.2% year-over-year[33] - Total equity reached ¥5,377,487,493.27, compared to ¥5,250,140,319.51, indicating an increase of about 2.4% year-over-year[33] - The company reported a total of 5,765,659,821.28 RMB in current assets, which includes cash and cash equivalents, accounts receivable, and inventory[60] - The company holds non-current assets totaling 3,252,962,247.65 RMB, which includes fixed assets and intangible assets[60] Cash Flow - Net cash flow from operating activities improved significantly to CNY 82,680,226.72, a year-on-year increase of 1,221.58%[11] - Cash inflow from operating activities reached CNY 1,017,916,591.93, up from CNY 543,383,364.77 in the same period last year, reflecting a growth of approximately 87.5%[55] - The net cash flow from operating activities was CNY 82,680,226.72, a turnaround from a negative cash flow of CNY 7,371,786.35 in the first quarter of 2019[55] - Cash inflow from financing activities was CNY 1,501,153,565.31, significantly higher than CNY 100,043,292.08 in the same quarter last year[55] - The net cash flow from financing activities was CNY 848,903,220.23, a positive shift from a negative cash flow of CNY -25,153,103.84 in the first quarter of 2019[55] Shareholder Information - The total number of shareholders reached 25,406 by the end of the reporting period[16] - The largest shareholder, Hulin Chuangda Investment Co., Ltd., holds 68.29% of the shares, with 397,900,000 shares pledged[16] Revenue and Expenses - Total operating revenue for Q1 2020 was $621.89 million, a decrease of 21.2% compared to $789.38 million in Q1 2019[44] - Total operating costs for Q1 2020 were $469.54 million, down 21.0% from $594.07 million in Q1 2019[44] - Research and development expenses for Q1 2020 were $7.88 million, slightly down from $8.27 million in Q1 2019[44] - Sales expenses decreased significantly to $136.83 million in Q1 2020, down 47.4% from $259.62 million in Q1 2019[44] - Management expenses increased to $85.97 million in Q1 2020, up from $77.14 million in Q1 2019[44] Investments - Long-term equity investments surged by 26,406.81% to ¥471,242,107.67 from ¥1,777,814.94 as a result of investments in associated companies[19] - Investment cash flow net amount decreased by 628.49% to -¥483,996,980.14 from -¥66,438,794.97 primarily due to increased investments in associated companies[22] Other Financial Metrics - The weighted average return on net assets decreased by 0.96 percentage points to 2.38%[11] - Government subsidies recognized in the current period amounted to CNY 14,849,394.84[13] - The company reported a non-operating income of CNY 12,261,188.17 after tax adjustments[15] - Deferred income increased to ¥143,423,683.10 from ¥135,338,501.54, showing a growth of about 6.0% year-over-year[39]