ZPUG(SZ:000685)2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥385,249,480.81, a decrease of 4.48% compared to ¥403,298,956.60 in the same period last year[8]. - Net profit attributable to shareholders was ¥222,274,521.84, down 29.62% from ¥315,840,258.60 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥220,294,865.35, reflecting a 30.23% decrease compared to ¥315,744,029.21 in the previous year[8]. - The basic earnings per share decreased to ¥0.15, down 29.62% from ¥0.21 in the same period last year[8]. - The diluted earnings per share also fell to ¥0.15, a decrease of 29.62% compared to ¥0.21 year-on-year[8]. - The weighted average return on equity was 1.66%, down from 2.53% in the previous year, a decline of 0.87%[8]. - The company reported a significant decrease in other income by 63.51% to ¥634,025.09, mainly due to reduced tax refunds[23]. - The company reported a net profit of ¥8,384,145,689.21 in retained earnings, an increase from ¥8,161,871,167.37, reflecting a growth of about 2.7%[58]. - The total comprehensive income for the period was CNY 153,271,552.37, compared to CNY 328,467,836.45 in the previous period, indicating a decrease of approximately 53.4%[78]. Cash Flow - The net cash flow from operating activities improved to -¥31,875,700.94, a 29.73% increase from -¥45,361,871.36 in the same period last year[8]. - The net cash flow from investment activities improved by 48.77%, recovering to -¥397,173,214.03, mainly due to increased cash received from investment recoveries[23]. - The net cash flow from financing activities decreased by 57.16% to ¥374,454,302.30, primarily due to reduced cash received from borrowings compared to the previous year[23]. - Cash inflows from operating activities totaled CNY 480,049,379.33, down from CNY 599,394,816.12, reflecting a decline of about 20%[80]. - The net cash flow from investment activities was CNY -397,173,214.03, an improvement from CNY -775,282,882.61 in the previous period[82]. - Cash inflows from financing activities were CNY 528,249,586.58, compared to CNY 1,213,290,874.16 in the previous period, indicating a decrease of about 56.5%[84]. - The cash and cash equivalents at the end of the period were CNY 1,089,402,123.17, down from CNY 1,618,960,786.22 in the previous period[84]. Assets and Liabilities - Total assets at the end of the reporting period were ¥19,719,240,693.79, representing a 3.06% increase from ¥19,133,029,367.26 at the end of the previous year[8]. - Total liabilities increased to ¥5,095,111,825.50 from ¥4,895,681,599.53, reflecting a growth of approximately 4.3%[64]. - The total amount of current liabilities was ¥3,100,111,825.46, up from ¥2,901,514,932.83, representing an increase of approximately 6.9%[64]. - The total non-current liabilities amounted to ¥1,995,000,000.04, slightly up from ¥1,994,166,666.70, indicating a marginal increase[64]. - The total assets of Zhongshan Public Utilities Group reached approximately 19.72 billion yuan, compared to 19.13 billion yuan at the end of 2019[52]. - The total current assets of Zhongshan Public Utilities Group increased to approximately 2.64 billion yuan from 2.29 billion yuan at the end of 2019[49]. - The total non-current assets of Zhongshan Public Utilities Group as of March 31, 2020, were approximately 17.08 billion yuan, up from 16.85 billion yuan at the end of 2019[52]. Investments and Financial Management - The company's trading financial assets increased by 83.87% to ¥570,015,008.32, primarily due to the purchase of bank wealth management products[22]. - The total amount of entrusted financial management reached 82,000 million yuan, with an outstanding balance of 30,000 million yuan[39]. - The company has a total of 18,000 million yuan in entrusted financial management from idle raised funds[39]. - The actual loss reported for the period from entrusted financial management was -283.5 million yuan[40]. - The expected annualized return rate for entrusted financial products is 4.05%[40]. - The company has committed to maintaining the independence of its subsidiaries and will not seek special benefits through related transactions[32]. Compliance and Governance - The company reported no non-compliance with external guarantees during the reporting period[46]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[46]. - The company has committed to fair and open market principles in related transactions with public technology[32]. - The company has implemented new revenue and leasing standards starting from 2020[101].