HDECL(SH:900937)2020-04-24 16:00Financial Performance - Operating revenue increased by 12.02% to CNY 3,314,499,413.44 compared to the same period last year[6] - Net profit attributable to shareholders increased by 21.91% to CNY 176,365,677.26 compared to the same period last year[6] - Basic earnings per share increased by 28.57% to CNY 0.09 compared to the same period last year[6] - Total operating revenue for Q1 2020 was CNY 3,314,499,413.44, an increase of 12.0% compared to CNY 2,958,715,306.07 in Q1 2019[26] - Net profit for Q1 2020 reached CNY 212,756,220.14, compared to CNY 171,586,338.69 in Q1 2019, representing a year-over-year increase of 24.0%[27] - Earnings per share for Q1 2020 were CNY 0.09, up from CNY 0.07 in Q1 2019[27] - Operating revenue for Q1 2020 was CNY 2,487,671,785.05, an increase of 13.93% compared to CNY 2,182,460,797.55 in Q1 2019[28] - Net profit for Q1 2020 reached CNY 94,811,832.27, up 30.78% from CNY 72,496,525.30 in Q1 2019[29] - Operating profit for Q1 2020 was CNY 96,384,936.59, representing a 35.00% increase from CNY 71,487,418.34 in Q1 2019[28] Assets and Liabilities - Total assets decreased by 1.64% to CNY 23,296,842,071.86 compared to the end of the previous year[6] - The company's current assets totaled CNY 4,047,456,186.72 as of March 31, 2020, compared to CNY 4,079,868,501.44 at the end of 2019, indicating a slight decrease[18] - The total liabilities decreased to CNY 21,131,107,966.05 from CNY 21,748,377,131.79, showing a reduction of about 2.8%[20] - The company's long-term borrowings increased to CNY 5,454,939,476.17 from CNY 4,179,939,476.17, representing an increase of approximately 30.5%[20] - The accounts receivable decreased to CNY 1,453,873,292.59 from CNY 1,511,779,569.80, indicating a decline of approximately 3.8%[18] - The inventory slightly decreased to CNY 463,967,057.15 from CNY 471,305,483.01, reflecting a decrease of about 1.5%[18] - Total liabilities decreased to CNY 17,044,158,932.58 from CNY 17,412,233,846.68 in the previous quarter[23] - Long-term borrowings increased to CNY 4,672,739,476.17 from CNY 3,477,739,476.17, indicating a rise of 34.4%[23] Cash Flow - Net cash flow from operating activities decreased by 15.26% to CNY 479,170,459.06 compared to the same period last year[6] - Cash flow from operating activities for Q1 2020 was CNY 479,170,459.06, a decrease of 15.27% compared to CNY 565,455,673.30 in Q1 2019[32] - Cash inflow from operating activities for Q1 2020 was approximately ¥2.26 billion, up from ¥1.78 billion in Q1 2019, representing a growth of 27%[34] - Net cash flow from operating activities increased to approximately ¥549.64 million in Q1 2020, compared to ¥414.89 million in Q1 2019, marking a rise of 32%[34] - Cash outflow from investment activities in Q1 2020 was approximately ¥266.88 million, down from ¥486.19 million in Q1 2019, indicating a decrease of 45%[35] - Cash inflow from financing activities in Q1 2020 was approximately ¥2.52 billion, significantly higher than ¥985.01 million in Q1 2019, reflecting a growth of 156%[35] - Net cash flow from financing activities for Q1 2020 was approximately -¥172.72 million, an improvement from -¥616.78 million in Q1 2019[35] Shareholder Information - The total number of shareholders reached 158,571, with 99,895 A-share and 58,676 B-share holders[11] - The total equity attributable to shareholders rose to CNY 1,855,808,878.84 from CNY 1,663,703,930.01, marking an increase of about 11.5%[20] - The company's total equity increased to CNY 2,053,266,327.44 from CNY 1,951,001,821.64 in the previous quarter[23] Investment and Income - Investment income increased by 68.92% to CNY 37,417,373.59 due to increased profits from an associated company[13] - The company reported investment income of CNY 37,417,373.59, up from CNY 22,150,916.16 in Q1 2019, an increase of 68.9%[26] - The company reported investment income of CNY 37,992,699.98 in Q1 2020, significantly higher than CNY 20,770,271.87 in Q1 2019[28] Accounting Standards and Changes - The company implemented new revenue and leasing standards starting in 2020, affecting the financial statements from the beginning of the year[36] - The company is implementing new accounting standards effective from January 1, 2020, which may impact future financial reporting[44]