山西路桥(000755) - 2020 Q1 - 季度财报

Financial Performance - Revenue for Q1 2020 was CNY 31,237,724.78, a decrease of 82.58% compared to CNY 179,329,618.36 in the same period last year[7] - Net profit attributable to shareholders was CNY -122,704,234.67, representing a decline of 1,507.38% from CNY 8,718,634.52 in the previous year[7] - Basic earnings per share for Q1 2020 was CNY -0.2615, down 1,505.91% from CNY 0.0186 in the same period last year[7] - The company's operating revenue decreased by 148.09 million yuan compared to the same period last year, primarily due to the impact of the COVID-19 pandemic and the suspension of toll fees for small passenger vehicles during the extended holiday period[18] - The net profit attributable to shareholders decreased by 131.42 million yuan compared to the same period last year, mainly due to a significant reduction in toll revenue[18] - The net loss for Q1 2020 was CNY -122,704,234.67, compared to a net profit of CNY 8,718,634.52 in Q1 2019[40] - Basic earnings per share for Q1 2020 were CNY -0.2615, compared to CNY 0.0186 in the previous year[40] Cash Flow and Liquidity - Net cash flow from operating activities was CNY 20,476,559.27, a decrease of 90.05% compared to CNY 205,847,244.74 in the previous year[7] - The company's cash and cash equivalents were 444.06 million yuan as of March 31, 2020, compared to 484.69 million yuan at the end of 2019[29] - The company reported a decrease in cash and cash equivalents to CNY 31,707,543.92 from CNY 32,299,867.09, a reduction of 1.8%[34] - The cash inflow from operating activities for the current period is 92,063,776.87 yuan, down from 478,169,956.61 yuan in the previous period, a decrease of about 80.7%[47] - The total cash and cash equivalents at the end of the period decreased to 120,632.42, down from 657,753.93 at the beginning of the period, representing a decline of approximately 81.7%[52] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,388,011,871.15, a decrease of 1.93% from CNY 8,552,836,246.28 at the end of the previous year[7] - Total liabilities as of March 31, 2020, were 7.30 billion yuan, down from 7.34 billion yuan at the end of 2019[32] - Total current assets decreased to CNY 239,437,727.59 from CNY 250,657,869.12, a decline of 4.5%[34] - Total assets amounted to 8,552,836,246.28, with current assets contributing 605,984,358.82 and non-current assets at 7,946,851,887.46[53] - Total liabilities were reported at 7,337,533,610.12, with current liabilities at 2,171,556,486.90 and non-current liabilities at 5,165,977,123.22[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,302[11] - The largest shareholder, Shanxi Luqiao Construction Group Co., Ltd., held 27.79% of the shares, totaling 130,412,280 shares[11] - The total equity attributable to shareholders decreased to 1.09 billion yuan from 1.22 billion yuan at the end of 2019[33] - The company's equity attributable to shareholders was 1,215,302,636.16, reflecting a negative retained earnings of -708,997,713.68[53] Operational Impact - The decline in key financial metrics was primarily due to the impact of the COVID-19 pandemic, including the suspension of tolls on highways during the holiday period[7] - The company reported non-recurring gains and losses totaling CNY 967.69 after tax[8] - The company has not reported any new product developments or market expansions in the current quarter[52] Management and Expenses - Management expenses decreased to 1,099,662.19 yuan from 2,053,942.45 yuan, a reduction of approximately 46.4%[44] - Financial expenses decreased slightly to 4,139,108.34 yuan from 4,304,850.85 yuan, a reduction of about 3.8%[44] Audit and Reporting - The company has not undergone an audit for the first quarter report, indicating that the figures presented are unaudited[59] - The company is implementing new revenue and leasing standards starting in 2020, which may affect future financial reporting[58]