HUAYOU COBALT(SH:603799)2020-04-15 16:00Financial Performance - Net profit attributable to shareholders surged by 1,385.10% to CNY 183.50 million year-on-year[5] - Operating revenue slightly increased by 0.53% to CNY 4.42 billion compared to the same period last year[5] - Basic earnings per share increased significantly by 1,600% to CNY 0.17[5] - The weighted average return on equity improved by 2.09 percentage points to 2.25%[5] - Total operating revenue for Q1 2020 was CNY 4,424,395,821.46, a slight increase from CNY 4,400,899,970.55 in Q1 2019, representing a growth of approximately 0.5%[18] - Net profit for Q1 2020 was CNY 167,624,222.15, compared to a net loss of CNY 8,340,067.23 in Q1 2019, indicating a significant turnaround[19] - Earnings per share for Q1 2020 was CNY 0.17, up from CNY 0.01 in the same period last year[19] - The company reported a total comprehensive income of CNY 274,798,773.00 for Q1 2020, compared to a loss of CNY 98,691,828.62 in Q1 2019[46] Cash Flow - Net cash flow from operating activities rose by 16.86% to CNY 65.38 million[5] - Cash inflow from operating activities amounted to CNY 4,931,050,744.25, an increase from CNY 4,736,426,304.24 year-over-year[24] - Net cash flow from operating activities was CNY 65,380,232.82, up from CNY 55,946,234.03 in the previous year[24] - Cash inflow from financing activities totaled CNY 4,790,747,383.25, compared to CNY 4,663,597,947.66 in the same quarter of 2019[25] - The ending balance of cash and cash equivalents was CNY 1,843,022,301.34, down from CNY 2,353,905,475.89 in Q1 2019[25] - Total cash inflow from operating activities was CNY 1,642,816,319.57, significantly lower than CNY 4,083,190,381.24 in Q1 2019[26] Assets and Liabilities - Total assets increased by 5.99% to CNY 24.66 billion compared to the end of the previous year[5] - Current liabilities totaled approximately ¥11.67 billion, an increase from ¥11.30 billion in the previous year[14] - Total liabilities increased to ¥14,208,540,503.29 from ¥13,176,091,300.92, representing a growth of approximately 7.8% year-over-year[15] - Total equity attributable to shareholders rose to ¥8,591,648,928.34, up from ¥7,747,750,020.53, marking an increase of about 10.9%[15] - Total assets reached approximately ¥24.66 billion, up from ¥23.27 billion year-over-year[14] - Cash and cash equivalents increased to ¥667,211,646.61 from ¥386,302,926.28, reflecting a growth of approximately 73.0%[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 167,087[9] - Major shareholder Dasha Private Limited holds 22.85% of shares, with 254.29 million shares pledged[9] - Zhejiang Huayou Holding Group Co., Ltd. owns 17.99% of shares, with 200.24 million shares pledged[9] Investment and Expenses - Investment income increased by 241.09% to approximately ¥26.84 million, driven by gains from equity disposals[11] - Research and development expenses increased to CNY 51,364,550.10 from CNY 42,354,813.64, marking a rise of approximately 21.5%[18] - Financial expenses decreased to CNY 113,161,995.61 from CNY 125,379,881.80, a reduction of about 9.7%[18] - The company reported a significant increase in investment income to CNY 26,842,951.79 from CNY 7,869,759.71 year-over-year[18] Other Comprehensive Income - Other comprehensive income grew by 60.99% to approximately ¥282.10 million, mainly due to foreign exchange translation differences[11] - Deferred income tax liabilities increased by 55.27% to approximately ¥60.57 million, attributed to accelerated depreciation[11]