First(SH:603806)2020-04-23 16:00Financial Performance - Net profit attributable to shareholders decreased by 28.31% to CNY 154,846,400.30 year-on-year[4] - Operating revenue declined by 6.54% to CNY 1,508,974,971.87 compared to the same period last year[4] - The weighted average return on equity decreased by 1.46 percentage points to 2.35%[4] - Total operating revenue for Q1 2020 was approximately CNY 1.51 billion, a decrease of 6.5% compared to CNY 1.61 billion in Q1 2019[21] - Net profit for Q1 2020 was approximately CNY 154.48 million, a decline of 28.3% from CNY 215.28 million in Q1 2019[22] - The company's total profit for Q1 2020 was approximately CNY 180.94 million, a decrease of 28.3% from CNY 252.10 million in the previous year[21] - The total comprehensive income for Q1 2020 was approximately CNY 124.99 million, compared to CNY 184.29 million in Q1 2019, reflecting a decrease of about 32%[24] Cash Flow - Net cash flow from operating activities improved by 25.74%, reaching CNY -137,126,564.91[4] - Cash inflow from operating activities totaled CNY 1.19 billion in Q1 2020, up from CNY 1.03 billion in Q1 2019, representing an increase of approximately 15%[25] - The net cash flow from operating activities was negative CNY 137.13 million in Q1 2020, an improvement from negative CNY 184.67 million in Q1 2019[26] - Cash outflow from investing activities was CNY 1.68 billion in Q1 2020, compared to CNY 1.48 billion in Q1 2019, indicating an increase of about 13%[26] - The net cash flow from investing activities was negative CNY 803.66 million in Q1 2020, a significant decline from a positive CNY 192.82 million in Q1 2019[26] Assets and Liabilities - Total assets increased by 1.26% to CNY 8,410,023,762.39 compared to the end of the previous year[4] - Total liabilities amounted to ¥1,764,093,198.36, an increase from ¥1,693,986,108.72 in the previous year, reflecting a growth of approximately 4.1%[19] - Total equity attributable to shareholders increased to ¥5,587,164,405.12 from ¥5,462,173,375.61, showing an increase of about 2.3%[19] - The company's total assets increased to ¥7,351,257,603.48 in Q1 2020, up from ¥7,156,159,484.33 in Q1 2019, reflecting a growth of 2.72%[55] Shareholder Information - The number of shareholders at the end of the reporting period was 9,762[7] - Total equity attributable to shareholders increased by 1.88% to CNY 6,647,607,326.52 compared to the end of the previous year[40] Expenses - Operating expenses decreased by CNY 9.8746 million, a decline of 35.04%, mainly due to reduced maintenance and business entertainment expenses[10] - Research and development expenses increased to approximately CNY 49.76 million, up 5.5% from CNY 47.16 million in the same period last year[21] - Financial expenses decreased by CNY 27.9850 million, a decline of 298.00%, primarily due to increased foreign exchange gains and interest income[10] Other Financial Metrics - Basic earnings per share decreased by 26.83% to CNY 0.30 compared to CNY 0.41 in the previous year[40] - The company received government subsidies amounting to CNY 1,246,724.40 during the reporting period[5] - The credit impairment loss for Q1 2020 was approximately CNY -76.63 million, compared to CNY -16.46 million in Q1 2019, indicating a deterioration in asset quality[21]