DCHL(SH:900909)2020-04-29 16:00Financial Performance - Operating revenue fell by 41.98% to CNY 5.97 billion year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 201.28 million, a decrease of 164.94% compared to the same period last year[6] - Basic earnings per share were CNY -0.10, down 164.94% from CNY 0.15 in the same period last year[6] - The company reported a significant decline in net profit due to various factors, including reduced revenue and increased operational challenges[6] - Total operating revenue for Q1 2020 was ¥6,064,415,266.43, a decrease of 41.5% compared to ¥10,350,596,741.97 in Q1 2019[28] - Net profit for Q1 2020 was a loss of ¥289,413,659.46, compared to a profit of ¥299,114,504.17 in Q1 2019, representing a significant decline[29] - Operating profit for Q1 2020 was a loss of ¥140,971,620.71, down from a profit of ¥415,289,850.73 in Q1 2019[28] - The company reported a total cost of operations of ¥6,204,569,442.28 in Q1 2020, a decrease of 38.5% from ¥10,051,231,740.06 in Q1 2019[28] Cash Flow - The net cash flow from operating activities was negative at CNY -523.73 million, compared to CNY -308.95 million in the previous year[6] - The net cash flow from operating activities was -CNY 523,727,374.45, worsening from -CNY 308,951,500.41 in the same period last year[34] - The cash inflow from operating activities was CNY 7,268,933,898.76, a decrease of 40% compared to CNY 12,202,194,276.61 in Q1 2019[34] - Cash outflow for purchasing goods and services was CNY 6,721,780,134.53, down from CNY 10,657,964,052.54 in Q1 2019, indicating a reduction of approximately 37%[34] - The net cash flow from investing activities was -CNY 621,742,137.19, compared to -CNY 379,370,386.74 in Q1 2019, reflecting a decline of 64%[34] - The net cash flow from financing activities was -CNY 542,742,352.77, compared to -CNY 585,539,280.16 in the previous year, showing an improvement of 7%[35] - The cash outflow for taxes paid was CNY 195,433,110.50, significantly lower than CNY 701,108,317.13 in Q1 2019, a reduction of approximately 72%[34] Assets and Liabilities - Total assets decreased by 2.76% to CNY 47.37 billion compared to the end of the previous year[6] - Total liabilities decreased from CNY 27.90 billion to CNY 26.62 billion, a decrease of about 4.59%[22] - Non-current liabilities increased from CNY 6.34 billion to CNY 6.46 billion, an increase of about 1.77%[22] - Current liabilities decreased from CNY 21.56 billion to CNY 20.16 billion, a reduction of approximately 6.48%[21] - Total current assets decreased to CNY 22,674,895,494.73 as of March 31, 2020, down from CNY 23,870,483,358.49 at the end of 2019[20] - The company's cash and cash equivalents decreased to CNY 10,301,854,213.07 from CNY 12,235,526,483.03 as of December 31, 2019[20] - Total equity decreased from CNY 20.81 billion to CNY 20.75 billion, a decline of approximately 0.29%[22] Shareholder Information - The total number of shareholders was 68,831 at the end of the reporting period[10] - The largest shareholder, Shanghai Huayi (Group) Company, held 42.51% of the shares[11] Other Financial Metrics - The weighted average return on equity decreased by 2.79 percentage points to -1.10%[6] - Non-recurring losses totaled CNY -93.90 million during the reporting period[9] - Interest income increased by CNY 35,789,992.15 or 65.56%, reaching CNY 90,378,913.33 in Q1 2020 due to higher interbank interest and loan interest income[14] - The company's accounts receivable rose to CNY 2,381,836,916.96 as of March 31, 2020, up from CNY 1,939,755,348.61 on December 31, 2019[20] - The construction in progress increased by CNY 275,518,170.98 to CNY 1,162,822,541.11, mainly due to investments in the second phase of the Guangxi new materials integrated base project[20]