西部建设(002302) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥2,837,867,978.78, a decrease of 23.87% compared to ¥3,727,636,359.19 in the same period last year[10] - The net profit attributable to shareholders was -¥109,064,968.11, representing a decline of 153.26% from -¥43,064,351.49 year-on-year[10] - The basic earnings per share were -¥0.09, a drop of 200.00% from -¥0.03 in the same period last year[10] - Net profit attributable to the parent company decreased by 153.26% compared to the same period last year, primarily due to reduced operating income impacted by the COVID-19 pandemic[23] - Net profit for the current period is -¥127,801,187.20, compared to -¥44,893,845.85 in the previous period, indicating a significant increase in losses[60] - Total comprehensive income for the current period is -¥128,911,200.33, compared to -¥45,205,346.22 in the previous period[60] Cash Flow - The net cash flow from operating activities was -¥1,819,663,141.43, a decrease of 73.24% compared to -¥1,050,383,100.86 in the previous year[10] - Operating cash flow decreased by 73.24% compared to the same period last year, mainly due to a decrease in cash inflows from operating activities[23] - Total cash inflow from operating activities was 1,681,990,626.36 CNY, while cash outflow was 3,501,653,767.79 CNY, resulting in a significant cash outflow[70] - The net cash flow from investing activities was -40,092,645.88 CNY, showing a decrease in investment cash flow compared to -111,099,946.94 CNY in the previous period[70] - Cash flow from financing activities resulted in a net outflow of -132,342,138.04 CNY, contrasting with a net inflow of 266,369,789.25 CNY in the previous period[70] Assets and Liabilities - Total assets at the end of the reporting period were ¥20,511,766,835.21, down 8.57% from ¥22,434,643,728.57 at the end of the previous year[10] - Total assets decreased from ¥22,434,643,728.57 to ¥20,511,766,835.21, a decline of approximately 8.5%[46] - Non-current liabilities decreased from ¥13,211,646,178.43 to ¥11,382,904,289.30, a reduction of about 13.9%[46] - Current liabilities decreased from ¥12,460,088,810.37 to ¥10,630,657,246.59, a decrease of approximately 14.7%[46] - Total liabilities were CNY 13,211,646,178.43 as of January 1, 2020[81] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 78,671[13] - The largest shareholder, China Construction Xinjiang Group, held 31.43% of the shares, totaling 396,731,588 shares[14] - The company did not engage in any repurchase transactions during the reporting period[20] Operational Costs and Expenses - Total operating costs for the current period are ¥2,946,314,564.03, down 21.5% from ¥3,759,623,635.95 in the previous period[57] - Research and development expenses decreased to ¥52,043,934.90 from ¥77,762,271.28, a reduction of 33.2%[57] - Financial expenses decreased significantly to ¥14,883,708.14 from ¥38,668,870.09, a reduction of 61.5%[57] - Tax expenses decreased to ¥15,252,347.49 from ¥21,912,195.03, a decrease of 30.4%[57] Changes in Assets - Cash and cash equivalents decreased by 41.15% compared to the beginning of the year, primarily due to increased payments for goods[23] - Accounts receivable financing decreased by 75.25% compared to the beginning of the year, mainly due to an increase in bill payments[23] - Other current assets increased by 74.33% compared to the beginning of the year, primarily due to an increase in pending input tax certification[23] - Long-term equity investments increased slightly from ¥340,213,965.28 to ¥340,516,053.62, an increase of approximately 0.09%[46] - Deferred income tax assets increased from ¥126,009,267.96 to ¥132,575,288.27, an increase of about 5.4%[46] Company Operations - The company is implementing new revenue and leasing standards starting from 2020[88] - The company has not yet audited the first quarter report for 2020[88]