SOLEX(SH:603992)2020-04-26 16:00Financial Performance - Net profit attributable to shareholders was CNY 35,057,457.81, representing a decline of 27.37% year-on-year[11]. - Operating revenue for the period was CNY 323,425,598.23, down 4.62% from the same period last year[11]. - Basic earnings per share were CNY 0.09, a decrease of 30.77% year-on-year[11]. - The company reported a net profit excluding non-recurring items of CNY 36,572,953.92, an increase of 2.56% year-on-year[11]. - The total comprehensive income for Q1 2020 was CNY 35,051,383.11, down from CNY 48,265,843.36 in Q1 2019[44]. - The net profit for Q1 2020 was CNY 41,162,661.12, a decrease of 22.3% compared to CNY 52,998,904.12 in Q1 2019[48]. - Operating profit for Q1 2020 was CNY 48,774,711.65, down from CNY 60,235,196.72 in the same period last year, reflecting a decline of 19.1%[48]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,246,577,884.32, a decrease of 5.43% compared to the end of the previous year[11]. - Total liabilities decreased from CNY 569,239,916.45 to CNY 405,076,089.58, a decline of about 29%[30]. - Current liabilities decreased from CNY 562,289,398.41 to CNY 398,514,657.44, a reduction of approximately 29.1%[30]. - Non-current assets increased from CNY 763,837,105.90 to CNY 808,648,531.61, an increase of about 5.9%[32]. - Owner's equity increased from CNY 1,806,450,411.63 to CNY 1,841,501,794.74, an increase of approximately 1.9%[32]. - Cash and cash equivalents decreased from CNY 841,976,266.50 to CNY 829,970,557.55, a decline of about 1.3%[33]. Cash Flow - The net cash flow from operating activities was CNY 42,619,823.04, a decrease of 3.22% compared to the previous year[11]. - Net cash flow from investing activities was -114,906,058.33, an increase of 122.34% compared to the previous year, mainly due to increased expenditures on fixed asset investment projects[23]. - Net cash flow from financing activities was 0.00, a decrease of 100% compared to the previous year, primarily because no dividends were distributed during the reporting period[23]. - Cash flow from operating activities for Q1 2020 was CNY 42,619,823.04, slightly down from CNY 44,039,068.70 in Q1 2019, a decrease of 3.2%[50]. - The company incurred a total of CNY 114,906,058.33 in cash outflows from investing activities in Q1 2020, compared to CNY 58,788,930.79 in Q1 2019, indicating a significant increase in investment expenditures[52]. - The cash flow from financing activities showed a net outflow of CNY 59,988,918.23 in Q1 2020, reflecting the company's repayment of debts and distribution of dividends[52]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,754[15]. - The largest shareholder, Songlin Group Investment Co., Ltd., held 31.11% of the shares[15]. Changes in Assets - Accounts receivable decreased by 34.72% compared to the end of the previous year, primarily due to the collection of outstanding receivables during the reporting period[20]. - Prepayments increased by 35.82% compared to the end of the previous year, mainly due to an increase in the balance of prepaid goods[20]. - Contract assets increased by 100% compared to the end of the previous year, attributed to the implementation of new revenue recognition standards[20]. - Construction in progress increased by 30.49% compared to the end of the previous year, mainly due to increased procurement of production equipment during the reporting period[20]. - Other non-current assets increased by 154.30% compared to the end of the previous year, primarily due to payments for real estate purchases during the reporting period[20]. - Financial expenses decreased by 1129.55% compared to the same period last year, mainly due to increased foreign exchange gains and interest income from fixed deposits[20]. - Interest income increased by 40.83% compared to the same period last year, primarily due to increased interest income from fixed deposits[20]. - Other income increased by 115.22% compared to the same period last year, mainly due to an increase in government subsidies during the reporting period[20]. Research and Development - Research and development expenses for Q1 2020 were CNY 25,657,143.95, up from CNY 23,782,858.45 in Q1 2019[40].