柳工(000528) - 2020 Q1 - 季度财报

Financial Performance - Revenue for Q1 2020 was CNY 4,479,818,705.96, a decrease of 7.93% compared to CNY 4,865,422,931.42 in the same period last year[12]. - Net profit attributable to shareholders was CNY 169,580,534.37, down 44.28% from CNY 304,320,069.05 year-on-year[12]. - Net profit excluding non-recurring gains and losses was CNY 117,864,230.20, a decline of 59.67% compared to CNY 292,252,852.80 in the previous year[12]. - Basic earnings per share decreased by 47.62% to CNY 0.11 from CNY 0.21 in the same period last year[12]. - The company reported a net profit for the current period of CNY 166,790,371.35, a decline of 47.5% from CNY 317,431,373.84 in the previous period[92]. - The basic and diluted earnings per share for the current period are both CNY 0.08, compared to CNY 0.07 in the previous period, marking a 14% increase[102]. Cash Flow - The net cash flow from operating activities was negative at CNY -836,608,653.84, compared to a positive CNY 500,634,102.07 in the previous year[12]. - Cash flow from operating activities shows a net outflow of CNY -836,608,653.84, a significant decrease from the previous period's inflow of CNY 500,634,102.07[106]. - The cash inflow from investment activities is CNY 132,281,915.96, compared to CNY 304,644,921.56 in the previous period, showing a decline of 57%[108]. - The cash outflow from financing activities is CNY 546,326,266.30, down from CNY 647,648,952.88 in the previous period, reflecting a decrease of 16%[109]. - The company reported a net decrease in cash and cash equivalents of -$1.06 billion, contrasting with a net increase of $229.53 million in the previous period[116]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 30,720,726,081.57, an increase of 2.88% from CNY 29,861,367,274.78 at the end of the previous year[12]. - The total liabilities increased to ¥19.73 billion from ¥19.03 billion, an increase of approximately 3.67%[72]. - The total equity attributable to shareholders increased to ¥10.51 billion from ¥10.35 billion, a growth of about 1.56%[75]. - The company maintained a total asset balance of approximately $29.86 billion, unchanged from the previous period[121]. - The company’s total current liabilities were ¥6,908,113,829.45, with short-term borrowings at ¥1,023,289,469.43[131]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 91,363[16]. - The largest shareholder, Guangxi Liugong Group Co., Ltd., held 34.67% of the shares, totaling 511,631,463 shares[16]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 63,192,131.05 during the reporting period[14]. - Other income rose significantly by 412.26% to CNY 63,137,503.25, attributed to an increase in government subsidies[24]. Financial Management - The company's financial expenses increased by 187.74% to CNY 129,474,670.94 compared to the same period last year, primarily due to exchange rate fluctuations[24]. - The company reported a decrease in financial expenses to CNY 129,474,670.94 from CNY 44,996,884.12, reflecting improved cost management[89]. Risk Management - The company has established internal control systems for derivative investments and foreign exchange hedging to manage risks effectively[55]. - The company has a dedicated team responsible for risk assessment and management related to derivative transactions[44]. Inventory and Receivables - Accounts receivable increased significantly from CNY 3,953.3 million in 2019 to CNY 5,136.2 million in the first quarter of 2020[66]. - Inventory rose from CNY 5,559.8 million at the end of 2019 to CNY 5,920.0 million as of March 31, 2020[66].