HBFX(SZ:000926)2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥1,311,288,572.07, a decrease of 62.57% compared to ¥3,503,062,616.71 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2020 was ¥114,257,350.10, down 47.52% from ¥217,718,531.97 year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥123,004,874.83, a decline of 45.28% compared to ¥224,775,738.64 in the previous year[7]. - Basic earnings per share for Q1 2020 were ¥0.12, down 47.83% from ¥0.23 in the previous year[7]. - The total comprehensive income for Q1 2020 was 141,193,798.32 CNY, down from 224,970,750.95 CNY in the same quarter last year[40]. - Operating profit for Q1 2020 was 239,673,742.92 CNY, compared to 330,163,962.69 CNY in Q1 2019, reflecting a decline of about 27%[39]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥545,498,157.36, a significant drop of 231.69% from ¥414,241,439.03 in the same period last year[7]. - Cash inflow from operating activities decreased by 42.35% to ¥1.91 billion from ¥3.31 billion, mainly due to reduced cash received from sales[15]. - The company reported a decrease in cash flow from operating activities, with cash received from sales amounting to 1,850,733,224.89 CNY, down from 2,995,248,984.58 CNY in the previous year[45]. - Total cash inflow from financing activities was 1,242,609,490.59 CNY, while cash outflow was 2,592,928,105.95 CNY, resulting in a net cash flow of -1,350,318,615.36 CNY[47]. - The cash and cash equivalents at the end of the period amounted to 2,694,831,612.44 CNY, down from 4,583,976,960.67 CNY at the beginning of the period[47]. - The company experienced a decrease in cash and cash equivalents of -1,889,145,348.23 CNY during the period[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥50,381,545,699.40, a decrease of 1.36% from ¥51,077,667,215.99 at the end of the previous year[7]. - The total liabilities decreased to CNY 37,999,004,017.11 from CNY 38,708,917,109.52[30]. - The company's accounts receivable decreased by 20.07% to ¥469.96 million from ¥587.95 million, attributed to the collection of receivables[15]. - The total liabilities decreased by 23.89% for bonds payable, from ¥2.90 billion to ¥2.21 billion, mainly due to debt repayment[15]. - Long-term borrowings increased to CNY 4,180,202,292.80 from CNY 4,016,763,175.12[30]. Shareholder Information - The net assets attributable to shareholders at the end of the reporting period were ¥11,235,311,535.94, an increase of 0.55% from ¥11,173,516,746.07 at the end of the previous year[7]. - The total number of ordinary shareholders at the end of the reporting period was 43,667[11]. - The company repurchased 21.55 million shares, accounting for 2.24% of the total share capital, with a total expenditure of approximately ¥132.39 million[16]. Expenses and Financial Management - The company reported a financial expense of 38,003,999.50 CNY in Q1 2020, a decrease from 124,069,333.18 CNY in the previous year[38]. - The company’s financial expenses decreased by 69.37% to ¥38.00 million from ¥124.07 million, primarily due to reduced interest expenses[15]. - The company reported a 90.95% reduction in credit impairment losses, decreasing from ¥63.40 million to ¥5.74 million, due to lower bad debt provisions[15]. - Research and development expenses for Q1 2020 were 2,835,155.12 CNY, with no comparative figure provided for the previous year[38]. Future Outlook - The company plans to continue its market expansion and product development strategies in response to the current economic conditions[15].