HJHS(SH:603616)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -22,631,816.96, a decrease of 1,648.20% year-on-year[6] - Operating revenue dropped by 79.71% to CNY 34,328,556.78 compared to the same period last year[6] - Operating revenue decreased by 79.71% to ¥34,328,556.78 compared to ¥169,185,731.14 in the same period last year, primarily due to project delays caused by the pandemic[17] - Net profit for Q1 2020 was a loss of CNY 21,990,809.89, compared to a profit of CNY 3,614,368.76 in Q1 2019[31] - The net profit for Q1 2020 was a loss of ¥21,804,632.50, compared to a loss of ¥15,752,531.95 in Q1 2019, representing an increase in loss of 38.8%[33] - The total comprehensive income for Q1 2020 was a loss of ¥21,804,632.50, compared to a loss of ¥15,752,531.95 in Q1 2019[33] Assets and Liabilities - Total assets decreased by 5.59% to CNY 2,168,598,937.36 compared to the end of the previous year[6] - The company's total assets decreased to ¥2,168,598,937.36 from ¥2,296,992,061.36, indicating a reduction in overall financial strength[23] - The company's total assets decreased to CNY 1,923,766,580.37 from CNY 2,036,559,576.75, a decline of 5.5%[27] - Current liabilities totaled CNY 1,138,890,080.57, a decrease of 6.8% from CNY 1,222,429,444.53[27] - Current liabilities totaled ¥1,349,331,121.57, down from ¥1,448,173,880.55, showing a decrease in short-term financial obligations[24] - Total liabilities were reported at ¥1,551,718,684.26 in Q1 2020, consistent with the previous period[43] Cash Flow - The net cash flow from operating activities was CNY 29,899,454.30, a significant improvement from CNY -58,667,883.84 in the previous year[6] - Cash flow from operating activities improved significantly, reaching ¥29,899,454.30, a 150.96% increase from -¥58,667,883.84 in the previous year[18] - The cash flow from financing activities was negative at -¥58,078,968.36, a 239.26% decline from ¥41,705,490.96, primarily due to the repayment of long-term loans[18] - In Q1 2020, the net cash flow from operating activities was ¥26,956,469.73, a significant improvement from a net outflow of ¥38,346,070.34 in Q1 2019, representing a turnaround of approximately 170%[39] - Total cash inflow from financing activities in Q1 2020 was ¥243,190,559.00, compared to ¥83,726,800.00 in Q1 2019, indicating an increase of about 190%[40] Shareholder Information - The number of shareholders reached 31,878 at the end of the reporting period[12] - The largest shareholder, Beijing Hanjian Group Co., Ltd., holds 45.68% of the shares[12] Accounts and Inventory - Accounts receivable increased by 31.91% to CNY 40,624,123.90 compared to the beginning of the period[14] - Inventory increased to CNY 104,090,471.50, up 8.1% from CNY 96,117,098.00[26] - The company reported a significant increase in credit impairment losses of CNY 15,530,137.18 compared to CNY 8,606,387.13 in the previous year[31] - Accounts receivable stood at ¥870,547,353.82 in Q1 2020, indicating stable receivables management[42] - The company’s inventory was valued at ¥162,351,709.40 in Q1 2020, indicating effective inventory management strategies[42] Financial Ratios and Metrics - The weighted average return on equity decreased by 3.02 percentage points to -3.21%[6] - Financial expenses rose by 39.84% to ¥12,401,344.79, influenced by significant exchange rate fluctuations in Zambia[19] - The company incurred financial expenses of CNY 12,401,344.79, which is an increase from CNY 8,868,148.42 in Q1 2019[29] - The total equity decreased to CNY 697,396,567.34 from CNY 719,201,199.84, a decline of 3.0%[28] - The company reported a long-term receivable of $8 million and long-term equity investments of approximately $568.17 million[46] Future Outlook - The company is preparing to implement new revenue and leasing standards starting in 2020, which may impact future financial reporting[49]