HBP(SZ:002554)2020-04-27 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥254,608,006.44, a decrease of 36.54% compared to ¥401,205,365.31 in the same period last year[8]. - The net profit attributable to shareholders was -¥55,190,089.67, representing a decline of 165.17% from ¥84,681,992.57 year-on-year[8]. - Basic and diluted earnings per share were both -¥0.05, down 162.50% from ¥0.08 in the same period last year[8]. - The net profit for Q1 2020 was a loss of CNY 56,103,028.73, compared to a profit of CNY 84,653,943.89 in the same period last year[47]. - The total comprehensive income for Q1 2020 was a loss of CNY 52,101,851.92, compared to a profit of CNY 80,562,262.13 last year[48]. Cash Flow - The net cash flow from operating activities was -¥43,914,999.19, a significant drop of 309.98% compared to ¥20,913,635.86 in the previous year[8]. - Cash inflow from operating activities totaled CNY 414,022,391.70, down from CNY 643,343,183.33 in the previous period, indicating a decline of approximately 35.7%[53]. - Total cash outflow for operating activities was CNY 457,937,390.89, down from CNY 622,429,547.47 in the previous period[55]. - The net cash flow from financing activities was negative at CNY -213,447,135.60, compared to a positive CNY 113,568,035.48 in the previous period[56]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,791,095,299.18, a decrease of 9.16% from ¥4,173,382,731.14 at the end of the previous year[8]. - Current assets totaled CNY 2,446,335,191.60, down from CNY 2,808,390,653.71, indicating a decrease of about 12.9%[37]. - Total liabilities decreased to CNY 1,997,432,817.64 from CNY 2,327,868,397.68, a decline of about 14.2%[39]. - The company's equity attributable to shareholders decreased to CNY 1,718,330,742.88 from CNY 1,769,519,655.74, a decline of about 2.9%[40]. Inventory and Receivables - Inventory decreased by 31.24% compared to the end of the previous year, due to reclassification to contract assets under new revenue standards[16]. - Accounts receivable fell to CNY 833,541,695.36 from CNY 969,064,651.85, reflecting a decrease of around 14.0%[37]. - The company reported a decrease in inventory by CNY 151,024,844.87, from CNY 406,524,860.33 to CNY 255,500,015.46[61]. Government Support and Other Income - The company received government subsidies amounting to ¥2,985,024.23 during the reporting period[9]. - The company’s other income decreased by 86.33% year-on-year, mainly due to significant government subsidies received in the previous year[17]. Contracts and Projects - The company signed a total of six major contracts during the reporting period, with a total contract value of approximately $25.5 million[19][20]. - The company confirmed sales revenue of 97,102.27 thousand yuan from the Nashpa gas processing project in Pakistan, with accounts receivable of 20,783.24 thousand yuan[19]. Financial Standards and Reporting - The company has implemented new revenue and leasing standards starting in 2020, affecting prior comparative data[66]. - The company has not undergone an audit for the first quarter report[66].