HBFX(SZ:000926)2020-05-08 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] - Net profit attributable to shareholders was ¥110,541,203.89, down 49.23% from ¥217,718,531.97 year-on-year[7] - Basic and diluted earnings per share were both ¥0.11, a decrease of 52.17% from ¥0.23 in the same period last year[7] - Operating revenue fell by 62.57% to ¥1,311,288,572.07 compared to ¥3,503,062,616.71, primarily due to a decrease in settlement income[15] - Operating profit for Q1 2020 was CNY 232,084,642.43, compared to CNY 330,163,962.69 in Q1 2019, indicating a decrease of about 29.7%[39] - The company reported a total comprehensive income of CNY 135,501,972.95 for Q1 2020, down from CNY 224,970,750.95 in the same quarter last year[40] Cash Flow - The net cash flow from operating activities was -¥545,498,157.36, representing a decline of 231.69% compared to ¥414,241,439.03 in the previous year[7] - Total cash inflow from operating activities decreased by 42.35% to ¥1,909,112,757.92 from ¥3,311,324,157.07, mainly due to reduced cash received from sales[15] - The company's cash flow from operating activities was CNY 1,850,733,224.89 in the previous year, indicating a significant cash inflow[45] - Cash inflow from operating activities totaled 1,909,112,757.92 CNY, while cash outflow was 2,454,610,915.28 CNY, leading to a negative cash flow from operations[46] - 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] Assets and Liabilities - Total assets at the end of the reporting period were ¥50,426,750,353.00, a decrease of 1.27% from ¥51,077,667,215.99 at the end of the previous year[7] - Total liabilities decreased to CNY 38,010,305,180.53 from CNY 38,708,917,109.52[30] - Current liabilities totaled CNY 23,750,139,179.78, down from CNY 24,821,950,382.21[30] - Non-current liabilities increased to CNY 14,260,166,000.75 from CNY 13,886,966,727.31[30] - The total liabilities of Hubei Fuxing Technology Co., Ltd. amounted to CNY 38.71 billion as of the end of Q1 2020, showing a slight decrease of CNY 0.01 billion compared to the previous period[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,667[11] - The largest shareholder, Fuxing Group Holdings Co., Ltd., held 24.31% of the shares, amounting to 233,928,648 shares, with some shares pledged[11] - The company repurchased 21,546,900 shares, accounting for 2.24% of the total share capital, with a total payment of ¥132,394,217.35[17] Expenses - The company’s tax expenses decreased by 47.22% to ¥54,768,244.78 from ¥103,771,696.17, primarily due to reduced operating profit[15] - The company incurred a financial expense of CNY 38,003,999.50 in Q1 2020, a significant reduction from CNY 124,069,333.18 in the previous year[38] - The company’s sales expenses decreased by 50.09% to ¥32,586,887.18 from ¥65,289,804.88, due to reduced sales investments[15] Other Financial Metrics - The weighted average return on equity was 0.89%, down from 1.97% year-on-year, reflecting a decrease of 1.08%[7] - The company reported a loss from fair value changes of CNY -2,459,616.00 in Q1 2020, compared to a loss of CNY -6,546,937.02 in the same period last year[38] - Other comprehensive income after tax for Q1 2020 was CNY -25,060,337.72, contrasting with a gain of CNY 757,107.80 in Q1 2019[39]