*ST惠天(000692) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,017,193,687.67, representing a 4.69% increase compared to ¥971,581,831.86 in the same period last year[8] - The net profit attributable to shareholders was -¥78,183,517.97, a decrease of 44.28% from -¥54,188,673.69 year-on-year[8] - The net cash flow from operating activities improved by 27.80%, amounting to -¥349,898,729.72 compared to -¥484,598,156.12 in the previous year[8] - The total operating revenue for the first quarter of 2020 was CNY 1,017,193,687.67, an increase of 4.3% compared to CNY 971,581,831.86 in the same period last year[34] - The total operating costs amounted to CNY 1,102,029,782.43, up from CNY 1,035,071,081.73, reflecting a year-over-year increase of 6.5%[35] - The net loss for the first quarter was CNY -77,501,562.57, compared to a net loss of CNY -52,597,482.75 in the previous year, indicating a worsening of approximately 47.3%[36] - The operating profit for the current period is -¥94,307,697.87, compared to -¥58,031,560.75 in the previous period, indicating a decline in profitability[39] - The net profit for the current period is -¥71,042,071.59, worsening from -¥42,449,106.82 in the previous period, reflecting a significant increase in losses[39] Assets and Liabilities - Total assets decreased by 4.05% to ¥5,808,888,545.71 from ¥6,054,140,345.49 at the end of the previous year[8] - As of March 31, 2020, the company's total assets amounted to CNY 5,808,888,545.71, a decrease from CNY 6,054,140,345.49 as of December 31, 2019, reflecting a decline of approximately 4.05%[26][29] - The company's current assets totaled CNY 1,950,052,611.04, down from CNY 2,232,449,088.31, indicating a decrease of about 12.63%[26] - The company's total liabilities decreased to CNY 4,557,394,524.03 from CNY 4,729,588,777.72, a reduction of about 3.64%[28] - The non-current liabilities increased significantly to CNY 1,188,699,882.82 from CNY 378,742,170.76, reflecting a rise of approximately 213.36%[28] - The company's equity attributable to shareholders decreased to CNY 1,181,405,086.60 from CNY 1,255,144,588.09, a decline of about 5.88%[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 35,904[10] - The largest shareholder, Shenyang Heating Group Co., Ltd., held 35.10% of the shares, amounting to 187,050,118 shares[10] Cash Flow and Financing Activities - The cash flow from financing activities generated a net inflow of ¥408,277,695.68, compared to ¥286,771,960.25 in the previous period, indicating increased financing activities[44] - The total cash and cash equivalents at the end of the period is ¥185,750,545.28, up from ¥141,602,328.16 at the end of the previous period, showing an increase in liquidity[44] - The company received cash from sales of ¥74,611,199.50, which is an increase from ¥69,320,746.02 in the previous period, indicating improved sales performance[42] - The company incurred financial expenses of ¥20,217,391.54, which increased from ¥18,184,136.87 in the previous period, reflecting higher borrowing costs[39] - The net cash flow from financing activities was 20,333,298.42 CNY in Q1 2020, a decrease from 346,581,384.30 CNY in Q1 2019[47] Inventory and Operating Income - The company reported a significant decrease in inventory by 70.94% due to the end of the heating season, resulting in reduced coal stock[14] - The company experienced a 93.88% drop in other operating income, primarily due to a reduction in government subsidies received[14] Financial Risks and Impairments - The company reported a significant increase in financial expenses, totaling CNY 33,429,394.35, compared to CNY 31,281,325.69 in the previous year[35] - The company experienced a credit impairment loss of CNY -12,321,208.95, worsening from CNY -7,930,672.68 in the previous year[35] - The company reported a significant increase in credit impairment losses of -¥5,742,069.41, compared to -¥2,236,045.55 in the previous period, highlighting potential credit risk issues[39] Compliance and Governance - The company did not engage in any share repurchase transactions during the reporting period[11] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[21][22] - The company has not undergone an audit for the Q1 2020 report[54] - The company has adopted new revenue and leasing standards starting from 2020, with no retrospective adjustments required[54]