ZZDC(SZ:000753)2020-04-28 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥485,282,593.14, a decrease of 20.72% compared to ¥612,095,724.85 in the same period last year[7] - The net profit attributable to shareholders was ¥32,168,014.86, representing a 13.10% increase from ¥28,443,224.44 in the previous year[7] - Basic earnings per share increased by 10.34% to ¥0.032 from ¥0.029 in the previous year[7] - The company's operating profit for Q1 2020 was ¥67,889,936.26, a significant increase compared to a loss of ¥259,656.07 in Q1 2019, indicating a turnaround in performance[47] - Net profit for Q1 2020 reached ¥67,882,298.26, compared to a net profit of ¥68,570.60 in the same period last year, showing a slight decline[47] - Total comprehensive income for Q1 2020 was ¥21,188,890.70, compared to ¥68,570.60 in Q1 2019, reflecting a decrease in overall profitability[48] Cash Flow - The net cash flow from operating activities decreased significantly by 82.71%, down to ¥46,195,522.05 from ¥267,216,657.88 year-on-year[7] - Cash flow from operating activities generated a net amount of ¥46,195,522.05 in Q1 2020, down from ¥267,216,657.88 in Q1 2019, indicating reduced cash generation from core operations[51] - Cash flow from investing activities resulted in a net outflow of ¥401,173,690.52 in Q1 2020, compared to a net outflow of ¥171,422,033.45 in the previous year, highlighting increased investment expenditures[52] - Cash flow from financing activities yielded a net inflow of ¥88,772,829.88 in Q1 2020, up from ¥57,448,138.76 in Q1 2019, suggesting improved financing conditions[52] - The company reported a decrease in cash inflow from operating activities, which was 256,154,053.31 CNY compared to 334,040,113.62 CNY in the previous year[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,498,679,526.69, showing a slight decrease of 0.01% compared to the previous year[7] - The net assets attributable to shareholders were ¥2,361,290,139.34, reflecting a decrease of 0.61% from the previous year[7] - The company's total assets amounted to ¥3,485,135,796.06, up from ¥3,409,981,975.83 at the end of the previous period[39] - Total liabilities increased to ¥1,120,882,424.61 from ¥1,066,917,495.08, reflecting a rise of 5.1%[40] - The company's total liabilities decreased slightly to approximately 3.06 billion yuan from 3.07 billion yuan[36] Investments and Projects - The company has invested CNY 3.29 billion in the second drinking water source project, with a total estimated investment of CNY 2.462 billion[22] - The company has completed 23,183.31 meters of sewage pipeline and 3,551.30 meters of river dredging in the Xiangcheng District as part of the PPP project[25] - The company plans to continue expanding its investment in environmental projects, with a focus on improving water quality and infrastructure[24] - Total cash outflow from investment activities increased by 105.03% to CNY 456,839,242.03, mainly for water plant expansion and sewage treatment projects[20] Shareholder Information - The top shareholder, Fujian Zhanglong Group Co., Ltd., holds 27.55% of the shares, totaling 273,180,885 shares[12] - The company received CNY 28,500,000.00 from minority shareholders for capital increase in its subsidiary[20] Financial Management - The company incurred a financial expense of ¥4,608,238.37 in Q1 2020, a decrease from ¥7,757,915.83 in the same period last year, indicating improved cost management[47] - The company engaged in various communication activities regarding its operational status between January 18, 2020, and April 7, 2020[29] Regulatory and Compliance - The company has not undergone an audit for the first quarter report[57] - The report indicates that the company is not applying new revenue and leasing standards for the current year[57]