ANG(603689)2020-04-28 16:00Financial Performance - Operating revenue rose by 8.05% to CNY 1,172,707,894.07 year-on-year[6] - Net profit attributable to shareholders decreased by 23.97% to CNY 48,448,717.81 compared to the same period last year[6] - Basic earnings per share decreased by 26.32% to CNY 0.14[6] - The weighted average return on equity decreased by 0.92 percentage points to 2.18%[6] - Total operating revenue for Q1 2020 was ¥1,172,707,894.07, an increase of 8.06% compared to ¥1,085,341,877.31 in Q1 2019[23] - Net profit for Q1 2020 was ¥46,257,113.85, a decrease of 24.83% from ¥61,515,114.36 in Q1 2019[24] - Earnings per share for Q1 2020 was ¥0.14, down from ¥0.19 in Q1 2019[24] - The net profit for Q1 2020 was CNY 43,638,905.30, representing a decrease of 19.9% from CNY 54,495,777.87 in Q1 2019[26] - The operating profit for Q1 2020 was CNY 60,736,443.17, down 16.5% from CNY 72,790,870.93 in Q1 2019[26] Assets and Liabilities - Total assets increased by 3.55% to CNY 3,534,769,259.99 compared to the end of the previous year[6] - Total liabilities increased to ¥1,024,544,963.61 from ¥954,796,054.78 year-on-year[19] - Total assets as of March 31, 2020, amounted to ¥3,534,769,259.99, up from ¥3,413,537,112.12 at the end of 2019[19] - Total assets as of the end of Q1 2020 amounted to ¥2,641,154,268.15, compared to ¥2,564,414,325.95 at the end of Q1 2019[22] - Total liabilities for Q1 2020 were ¥435,683,383.86, an increase from ¥404,215,737.89 in Q1 2019[22] - Total current liabilities were approximately 222.49 million, with accounts payable at 90.88 million and accrued employee compensation at 4.87 million[39] - Total non-current liabilities stood at approximately 181.72 million, primarily driven by long-term borrowings of 179.07 million[39] - Total liabilities amounted to approximately 404.22 million, reflecting a manageable debt level[39] Cash Flow - Net cash flow from operating activities increased by 17.87% to CNY 227,786,523.86[6] - Net cash flow from financing activities improved to ¥51,110,566.15, compared to a negative cash flow of ¥49,143,707.97 in the previous year[13] - The cash flow from operating activities for Q1 2020 was CNY 227,786,523.86, an increase of 17.9% compared to CNY 193,259,294.05 in Q1 2019[31] - The net cash flow from financing activities for Q1 2020 was CNY 51,110,566.15, compared to a net outflow of CNY 49,143,707.97 in Q1 2019[31] - The cash inflow from operating activities was ¥1,175,246,988.21, compared to ¥1,137,814,427.74 in the same period last year, indicating a positive trend in operational cash generation[32] Shareholder Information - The total number of shareholders reached 18,876 at the end of the reporting period[9] - The largest shareholder, Anhui Energy Group Co., Ltd., holds 43.31% of the shares[10] - The company plans to increase its shareholding through a specific asset management plan, aiming to acquire no less than 3 million shares within six months[10] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 41,726.11[9] - Cash and cash equivalents increased by 58.87% to ¥628,547,601.87 compared to ¥395,646,453.68 in the same period last year[13] - Prepayments decreased by 37.47% to ¥118,694,692.43 from ¥189,812,694.04 year-on-year[13] - Contract liabilities rose by 44.65% to ¥169,581,681.12, driven by increased gas sales and construction project prepayments[13] - Other income surged by 170.61% to ¥1,733,321.84, mainly due to increased value-added tax refunds[13] - Investment income increased by 171.26% to ¥216,872.94, attributed to interest from structured deposits[13] - Credit impairment losses rose significantly by 300.16% to ¥1,085,216.90, reflecting increased bad debt provisions[13] - The company reported a credit impairment loss of ¥1,085,216.90 in Q1 2020, compared to a gain of ¥542,187.09 in Q1 2019[23] - The company recorded an increase in investment income to CNY 1,243,413.54 in Q1 2020, compared to CNY 79,948.86 in Q1 2019[26] - The company’s research and development expenses for Q1 2020 were CNY 52,880.22, indicating ongoing investment in innovation[26] Liquidity Position - The company maintains a strong liquidity position with current assets significantly exceeding current liabilities[38] - The company reported a cash balance at the beginning of Q1 2020 of ¥395,646,453.68, which reflects a stable liquidity position[32] - Total cash and cash equivalents at the end of Q1 2020 reached ¥628,547,601.87, up from ¥534,478,624.52 at the end of Q1 2019, representing an increase of 17.6%[32]