SPC(SZ:002573)2020-04-28 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥609,010,637.93, a decrease of 20.35% compared to ¥764,648,039.28 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2020 was ¥71,192,422.71, down 27.63% from ¥98,376,129.42 year-on-year[8]. - Basic earnings per share for Q1 2020 were ¥0.0658, a decrease of 27.61% from ¥0.0909 in the same period last year[8]. - The company's operating profit for the current period is approximately ¥79.53 million, a decrease from ¥116.24 million in the previous period, representing a decline of about 31.5%[54]. - Total profit for the current period is approximately ¥79.77 million, compared to ¥116.31 million in the previous period, indicating a decrease of around 31.4%[54]. - The company's total comprehensive income for the current period is approximately ¥74.43 million, down from ¥106.58 million, indicating a decline of about 30.1%[57]. - Operating revenue for the current period is approximately ¥368.83 million, a decrease from ¥484.75 million in the previous period, representing a decline of about 24%[58]. - Operating costs for the current period are approximately ¥274.74 million, down from ¥311.93 million, reflecting a decrease of around 12%[58]. Cash Flow - The net cash flow from operating activities was ¥24,093,496.29, representing a significant decline of 93.22% compared to ¥355,161,801.25 in the previous year[8]. - Cash flow from operating activities for the current period is approximately ¥587.88 million, compared to ¥1,075.55 million in the previous period, a decrease of about 45.5%[65]. - The net cash flow from financing activities was 523,947,186.84, a turnaround from a negative cash flow of -430,782,535.76 in the previous period[71]. - Cash inflow from financing activities totaled 1,422,473,800.00, compared to 315,100,000.00 in the previous period, representing an increase of approximately 351.5%[71]. - The total cash and cash equivalents at the end of the period reached 763,665,384.41, up from 142,407,871.73, marking an increase of approximately 436.5%[70]. Assets and Liabilities - The total assets at the end of the reporting period were ¥10,420,353,641.59, an increase of 4.97% from ¥9,926,635,026.60 at the end of the previous year[8]. - Total liabilities increased to approximately CNY 5.25 billion from CNY 4.83 billion[36]. - Total current assets amounted to CNY 5,162,678,951.92 as of December 31, 2019, unchanged from January 1, 2020[89]. - Total liabilities reached CNY 4,827,705,017.57, with current liabilities at CNY 3,941,166,072.95[85]. - The company's equity totaled CNY 5,098,930,009.03, with total equity attributable to shareholders at CNY 4,896,277,670.28[85]. Research and Development - Research and development expenses decreased by 83.45% due to reduced spending amid the pandemic[19]. - The company reported a decrease in research and development expenses to CNY 876,943.34 from CNY 5,297,636.43, a reduction of approximately 83.5%[51]. - Research and development expenses for the current period are approximately ¥501,030, significantly lower than ¥2.73 million in the previous period, indicating a reduction of about 81.7%[58]. Shareholder Information - The top shareholder, Sichuan Development Environmental Investment Group Co., Ltd., holds 25.31% of the shares, totaling 273,670,000 shares[11]. - The company did not engage in any repurchase transactions during the reporting period[14]. - The total equity attributable to shareholders increased to CNY 4,946,247,713.37 from CNY 4,894,042,246.72, reflecting a growth of about 1.1%[47]. Government Support - The company received government subsidies amounting to ¥68,562.20 during the reporting period[8]. Accounting Changes - The company began implementing the new revenue recognition standard from January 1, 2020[87]. - The company began implementing the new revenue recognition and leasing standards from January 1, 2020[97].