2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥658,045,177.74, a decrease of 18.42% compared to ¥806,667,629.12 in the same period last year[8] - Net profit attributable to shareholders was ¥55,561,985.79, down 48.57% from ¥108,028,970.63 year-on-year[8] - The net cash flow from operating activities was ¥233,731,141.27, reflecting a decline of 26.54% compared to ¥318,168,801.69 in the previous year[8] - Basic earnings per share dropped to ¥0.06, a 50.00% decrease from ¥0.12 in the same period last year[8] - Net profit for Q1 2020 was CNY 46,779,584.14, down from CNY 125,892,657.83 in the same period last year[40] - Operating profit for the current period is ¥41,699,180.66, compared to ¥16,633,614.60 in the previous period, indicating significant growth[44] - Net profit for the current period is ¥42,062,771.38, up from ¥16,691,598.16 in the previous period, reflecting a strong performance[44] - The company reported a total comprehensive income of ¥42,062,771.38 for the current period, compared to ¥16,691,598.16 in the previous period[45] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,583,195,435.00, an increase of 1.81% from ¥10,395,432,084.42 at the end of the previous year[8] - Total assets amounted to ¥10,583,195,435, up from ¥10,395,432,084.42[30] - Current assets totaled ¥3,187,982,806.99, an increase from ¥3,025,673,151.15[29] - Total liabilities increased to ¥5,468,800,648.42 from ¥5,360,588,714.91[31] - Total liabilities rose to CNY 5,807,449,028.95 from CNY 4,707,057,018.49[36] - Current assets increased significantly to CNY 4,493,226,083.30 from CNY 3,473,137,881.66[33] - The company's total equity reached CNY 3,020,007,378.35, up from CNY 2,977,944,606.97[36] Cash Flow - Cash flow from financing activities increased by 183.10% to ¥118,320,553.19, mainly due to an increase in short-term loans[17] - Cash and cash equivalents increased by 639.41% to ¥192,566,547.95, resulting from higher financing cash inflows and reduced investment expenditures[17] - Cash flow from operating activities is ¥233,731,141.27, a decrease from ¥318,168,801.69 in the previous period[48] - Cash and cash equivalents at the end of the period amount to ¥1,289,310,293.07, an increase from ¥993,291,515.42 at the end of the previous period[49] - The company’s cash flow from financing activities generated a net cash inflow of ¥118,320,553.19, compared to a net outflow of ¥142,378,824.87 in the previous period[49] - The net increase in cash and cash equivalents was approximately $76.69 million, contrasting with a decrease of $134.82 million in the previous period[52] - The ending balance of cash and cash equivalents was approximately $654.72 million, compared to $576.64 million at the end of the previous period[52] Operational Highlights - The company managed to handle approximately 4,000 tons of medical waste during the reporting period, demonstrating its commitment to public health amid the pandemic[8] - The company plans to focus on five key areas to achieve its performance targets, including market expansion and cost control[9] - The company aims to enhance safety and environmental management while continuing to implement pandemic prevention measures[9] - The company has made progress in obtaining hazardous waste operating qualifications, with Fujian Oasis Solid Waste Disposal Co., Ltd. acquiring a 20,000 tons/year incineration qualification[8] Expenses and Costs - Sales expenses decreased by 35.92% to ¥18,999,312.46, attributed to reduced business activities due to the COVID-19 pandemic[17] - Total operating costs decreased to CNY 613,067,635.72 from CNY 690,420,301.56, with operating costs specifically down to CNY 452,286,691.64 from CNY 515,703,491.98[39] - The company reported a decrease in research and development expenses to CNY 22,077,328.15 from CNY 22,223,479.42[39] - The company incurred financial expenses of ¥14,938,487.14, down from ¥19,041,358.62 in the previous period[43] Investment Performance - Investment income rose by 164.33% to ¥2,015,074.39, driven by increased returns from joint ventures and associates[17] - Investment income for the current period is ¥52,015,074.39, significantly higher than ¥16,762,346.29 in the previous period[43] Miscellaneous - The company did not undergo an audit for the first quarter report[54] - The chairman of the company is Tan Kan, who provided the report on April 30, 2020[55]