HNA Technology(SH:900938)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 184.11% to CNY 149,438,000, compared to CNY 52,598,000 in the same period last year[5] - Basic earnings per share increased by 184.53% to CNY 0.0515 per share compared to CNY 0.0181 per share in the previous year[5] - Net profit after deducting non-recurring gains and losses increased significantly to CNY 119,212,000 from CNY 1,807,000 in the same period last year, representing a growth of 6,497.23%[5] - Net profit for Q1 2020 reached 209,575 thousand RMB, significantly higher than 77,390 thousand RMB in Q1 2019, marking an increase of 170.5%[26] - Net profit for Q1 2020 was 16,117, down from 46,323 in Q1 2019, indicating a decline of about 65.32%[29] Revenue and Costs - Operating revenue decreased by 1.52% to CNY 77,055,751,000 compared to CNY 78,245,124,000 in the previous year[5] - Total operating revenue for Q1 2020 was 77,055,751 thousand RMB, a decrease of 1.52% compared to 78,245,124 thousand RMB in Q1 2019[25] - Total operating costs for Q1 2020 were 76,759,228 thousand RMB, down from 78,152,581 thousand RMB in Q1 2019, reflecting a reduction of 1.78%[25] Assets and Liabilities - Total assets decreased by 2.30% to CNY 124,778,945,000 compared to the end of the previous year[5] - Total liabilities decreased to RMB 106,565,444 thousand from RMB 108,835,330 thousand, indicating improved financial stability[19] - The company's equity attributable to shareholders decreased to RMB 13,419,873 thousand from RMB 13,871,360 thousand, reflecting changes in retained earnings[19] - The company reported a decrease in current liabilities to RMB 85,972,961 thousand from RMB 87,652,616 thousand, indicating effective management of short-term obligations[18] Cash Flow - Net cash flow from operating activities decreased by 4.03% to CNY 5,660,696,000 compared to CNY 5,898,388,000 in the same period last year[5] - Cash flow from operating activities for Q1 2020 was 5,660,696, slightly down from 5,898,388 in Q1 2019, a decrease of around 4.03%[30] - Cash inflow from operating activities totaled 82,085,312 in Q1 2020, compared to 85,338,193 in Q1 2019, reflecting a decrease of about 2.65%[30] - Cash outflow from operating activities was 76,424,616 in Q1 2020, down from 79,439,805 in Q1 2019, a reduction of approximately 3.83%[30] Shareholder Information - The total number of shareholders reached 102,950 at the end of the reporting period[8] - The largest shareholder, HNA Technology Group Co., Ltd., holds 20.76% of the shares, totaling 602,006,689 shares[9] Financial Expenses - Financial expenses rose by 97.68% to RMB 1,350,768 thousand from RMB 683,297 thousand, primarily due to the repayment of loans in the previous year which resulted in lower financial costs[13] - Cash used for debt repayment significantly decreased by 81.55% to RMB 1,569,350 thousand from RMB 8,504,847 thousand, indicating a reduction in borrowing activities[14] Other Financial Metrics - The weighted average return on equity increased by 0.71 percentage points to 1.10% compared to 0.39% in the previous year[5] - The company reported a non-recurring profit of CNY 30,226,000 for the period[6] - Tax and surcharges decreased by 86.20% to RMB 43,573 thousand from RMB 315,845 thousand, as certain items were reclassified to management expenses[13] Changes in Accounting Standards - The company implemented new revenue and lease standards for the first time in 2020, affecting the financial statements from the beginning of the year[35] - There were no applicable adjustments for prior comparative data due to the new revenue and lease standards[35] - The audit report is not applicable for this quarter[35]