PRET(SZ:002324)2020-04-10 16:00Revenue and Profit - Revenue for Q1 2020 was ¥668,160,575.54, a decrease of 24.44% compared to ¥884,225,178.41 in the same period last year[8]. - Net profit attributable to shareholders was ¥52,374,509.58, an increase of 112.01% from ¥24,704,167.60 year-on-year[8]. - Net profit excluding non-recurring gains and losses reached ¥51,376,937.28, up 159.94% from ¥19,764,874.20 in the previous year[8]. - Basic earnings per share increased by 66.67% to ¥0.10 from ¥0.06 year-on-year[8]. - Net profit increased by RMB 20.13 million, a growth of 81.84%, attributed to a decline in international oil prices leading to lower raw material costs and improved gross margins[27]. - The expected net profit for the first half of 2020 is projected to increase by over 50%, with an estimated range of RMB 149.49 million to RMB 179.38 million[32]. - The company reported a total profit of ¥60,344,452.02, up from ¥30,265,017.79, representing an increase of about 99.5%[71]. - The total comprehensive income attributable to the parent company's owners was ¥54,869,774.84, compared to ¥14,327,346.18 in the previous period, indicating a significant increase[74]. - The total comprehensive income amounted to ¥43,372,798.75, a significant increase compared to ¥7,058,688.66 from the previous period[81]. Cash Flow and Assets - Operating cash flow showed a net outflow of ¥129,416,107.45, a decline of 180.64% compared to a net inflow of ¥160,480,603.82 in the same period last year[8]. - Cash inflow from operating activities totaled ¥658,516,687.20, down from ¥788,592,968.27 in the previous period, indicating a decrease of approximately 16.5%[82]. - The net cash flow from operating activities was -¥129,416,107.45, contrasting with a positive cash flow of ¥160,480,603.82 in the previous period[82]. - Cash outflow for investing activities was ¥93,586,144.17, compared to ¥9,642,364.47 in the previous period, showing a substantial increase[88]. - The ending balance of cash and cash equivalents increased to ¥294,188,603.83 from ¥146,878,454.38, reflecting a growth of approximately 100%[88]. - Cash and cash equivalents at the end of the period amounted to RMB 299.11 million, an increase of RMB 84.59 million, representing a growth of 39.43%, primarily due to significant borrowings received during the period[21]. - Total assets at the end of the reporting period were ¥4,094,554,972.14, reflecting a growth of 5.20% from ¥3,892,103,180.85 at the end of the previous year[8]. - Total current assets as of March 31, 2020, amounted to ¥2,765,397,930.92, an increase from ¥2,552,456,832.47 as of December 31, 2019, representing an increase of approximately 8.34%[49]. - The total assets as of March 31, 2020, were ¥4,094,554,972.14, up from ¥3,892,103,180.85, marking an increase of approximately 5.2%[52]. Liabilities and Equity - Total liabilities increased to CNY 1,651,173,606.24, up from CNY 1,496,149,752.37, representing a growth of approximately 10.3% year-over-year[55]. - Total equity attributable to shareholders rose to CNY 2,446,208,410.88, compared to CNY 2,391,338,636.04, reflecting an increase of about 2.3%[58]. - Short-term borrowings increased to ¥1,096,009,201.54 from ¥991,849,300.87, reflecting an increase of approximately 10.5%[52]. - The company reported a derivative financial liability of ¥8,451,730.00, which was not present in the previous reporting period[52]. - The company has not experienced any non-compliance issues regarding external guarantees during the reporting period[41]. Expenses and Cost Management - Total operating costs decreased to ¥608,229,405.82 from ¥859,963,941.05, reflecting a reduction of about 29.2%[68]. - Research and development expenses were ¥27,277,244.18, down from ¥58,323,555.44, a decrease of about 53.3%[68]. - The company experienced a decrease in sales expenses by RMB 11.61 million, a decline of 39.85%, and a reduction in R&D expenses by RMB 31.05 million, a decline of 53.23%, primarily due to delays in resuming operations after the COVID-19 outbreak[25]. - The tax expense for the current period was ¥15,611,779.86, compared to ¥5,665,443.09 in the previous period, an increase of approximately 175.5%[71]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,023[13]. - Net assets attributable to shareholders increased by 2.29% to ¥2,446,208,410.88 from ¥2,391,338,636.04 at the end of the previous year[8].