Enpack(SZ:002846)2020-04-27 16:00Financial Performance - The company's revenue for Q1 2020 was CNY 201,875,885.92, representing a decrease of 27.33% compared to CNY 277,801,158.33 in the same period last year[7]. - Net profit attributable to shareholders was CNY 15,442,671.22, down 29.77% from CNY 21,990,225.54 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 12,166,349.47, a decline of 43.31% compared to CNY 21,460,591.84 in the previous year[7]. - Basic earnings per share decreased by 30.07% to CNY 0.0800 from CNY 0.1144 in the previous year[7]. - Net profit for Q1 2020 was CNY 14,826,087.65, compared to CNY 24,837,478.43 in the same period last year, representing a decline of approximately 40.3%[42]. - Operating profit for the first quarter was CNY 15,171,021.90, compared to CNY 15,312,701.86 in the previous year, indicating a slight decrease of about 1%[46]. - The company reported a tax expense of CNY 1,682,338.12 for the quarter, down from CNY 1,791,286.28 in the previous year, reflecting a decrease of approximately 6%[46]. Cash Flow - The net cash flow from operating activities was negative CNY 10,777,462.07, a significant decrease of 131.19% from CNY 34,553,614.23 in the same period last year[7]. - Cash inflow from operating activities totaled CNY 218,485,322.52, down from CNY 245,918,372.90 year-on-year, representing a decline of approximately 11%[49]. - Cash outflow from operating activities was CNY 229,262,784.59, an increase from CNY 211,364,758.67 in the previous year, marking an increase of about 8%[50]. - The cash flow from investment activities was negative at CNY -62,065,691.90, compared to CNY -17,234,826.02 in the previous year, indicating a significant increase in cash outflow[50]. - The total cash inflow from financing activities was CNY 93,531,167.85, an increase from CNY 77,264,665.63 in the previous year, reflecting an increase of about 21%[51]. - The cash outflow from financing activities was 12,453,808.80 CNY in Q1 2020, compared to 21,737,687.24 CNY in the same period last year, showing a decrease of approximately 42.9%[54]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,497,044,807.96, an increase of 2.40% from CNY 1,461,938,560.71 at the end of the previous year[7]. - Current assets decreased to CNY 630,927,748.64 from CNY 643,629,352.01, representing a decline of about 2.0%[33]. - Total liabilities increased to CNY 709,525,978.08 from CNY 702,764,916.37, showing a slight rise of around 1.1%[35]. - The company's equity attributable to shareholders reached CNY 736,869,876.10, up from CNY 709,928,112.32, reflecting an increase of approximately 3.8%[36]. - Total liabilities amounted to CNY 487,415,542.67, with non-current liabilities at CNY 195,159,440.33[62]. - The company's total equity as of December 31, 2019, was 759,173,644.34 CNY, indicating a stable equity position[58]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,097[10]. - The company plans a non-public issuance of A-shares, pending approval from the China Securities Regulatory Commission[20]. Other Financial Metrics - The weighted average return on equity was 2.15%, down from 3.77% in the previous year, a decrease of 1.62%[7]. - Research and development expenses for Q1 2020 were CNY 5,615,308.98, down from CNY 7,256,039.94 in the previous period[41]. - The company reported a credit impairment loss of CNY 1,661,723.44, compared to a loss of CNY -1,208,898.62 in the previous period[41]. - The company has implemented new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting[55]. - The company adopted the new revenue recognition standard starting January 1, 2020, impacting the financial statements[63]. - The first quarter report for 2020 was not audited[63].