新疆交建(002941) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥223,879,317.36, representing a 2.63% increase compared to ¥218,147,702.14 in the same period last year[8]. - The net profit attributable to shareholders was -¥41,049,374.07, a decline of 10.62% from -¥37,109,146.30 year-on-year[8]. - The basic and diluted earnings per share remained at -¥0.06, unchanged from the previous year[8]. - Total operating revenue for the first quarter was CNY 223,879,317.36, compared to CNY 218,147,702.14 in the previous period, reflecting an increase of approximately 2.5%[55]. - Net profit for the current period was -¥43,556,979.15, worsening from -¥41,295,220.16 in the previous period, reflecting a decline of approximately 5.5%[61]. - The total comprehensive income for the current period was -¥44,770,879.44, compared to -¥41,365,575.60 in the previous period, indicating a decline of about 8.8%[64]. - The company reported an investment income of ¥1,845,422.84, a significant improvement from a loss of -¥140,084.99 in the previous period[58]. Cash Flow - The net cash flow from operating activities improved by 8.24%, amounting to -¥713,904,611.40 compared to -¥777,975,604.84 in the previous year[8]. - Cash inflows from operating activities totaled 724,895,552.22 CNY, down from 842,467,400.74 CNY in the previous period, reflecting a decrease of approximately 14%[72]. - The net cash outflow from operating activities was -713,904,611.40 CNY, slightly improved from -777,975,604.84 CNY in the previous period[75]. - Cash inflows from financing activities amounted to 1,664,857,900.00 CNY, an increase from 1,470,000,000.00 CNY in the previous period, representing a growth of about 13%[78]. - The net cash flow from financing activities was 829,349,627.25 CNY, significantly higher than 431,711,814.97 CNY in the previous period[78]. - The cash and cash equivalents at the end of the period increased to 1,501,557,231.05 CNY from 1,249,168,388.79 CNY in the previous period[78]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,159,248,866.54, an increase of 1.48% from ¥10,996,460,407.61 at the end of the previous year[8]. - The total liabilities amounted to CNY 8,276,535,456.21, slightly decreasing from CNY 8,289,464,904.19 in the previous period[46]. - Current liabilities totaled CNY 5,107,664,631.12, down from CNY 5,551,634,426.86, indicating a reduction of about 8%[46]. - Non-current liabilities increased to CNY 3,168,870,825.09 from CNY 2,737,830,477.33, representing an increase of approximately 15.8%[46]. - The total equity attributable to shareholders of the parent company was CNY 2,327,516,018.64, down from CNY 2,377,869,445.45, a decrease of about 2.1%[46]. - The total assets decreased to CNY 9,038,192,023.20 from CNY 9,519,231,566.81, reflecting a reduction of about 5%[50]. Shareholder Information - The company had a total of 50,623 common shareholders at the end of the reporting period[12]. - The largest shareholder, the State-owned Assets Supervision and Administration Commission of the Xinjiang Uygur Autonomous Region, held 46.51% of the shares[13]. Changes in Financial Position - Accounts receivable increased by 255.85% compared to the beginning of the period, mainly due to an increase in received bills that have not yet matured[21]. - Prepayments increased by 31.93% compared to the beginning of the period, primarily due to increased procurement prepayments[21]. - Inventory decreased by 92.42% compared to the beginning of the period, mainly due to a change in accounting policy that reclassified items to contract assets[21]. - Contract assets increased by 100.00% compared to the beginning of the period, due to the reclassification of qualifying items to contract assets[21]. - Other non-current financial assets increased by 102.54% compared to the beginning of the period, mainly due to increased investments during the period[21]. - Short-term borrowings decreased by 32.87% compared to the beginning of the period, primarily due to the repayment of maturing short-term borrowings[21]. - Accounts payable decreased by 33.09% compared to the beginning of the period, mainly due to the company's practice of making concentrated payments at the beginning of the year[21]. - Contract liabilities increased by 100.00% compared to the beginning of the period, due to the reclassification of qualifying items to contract liabilities[21]. Expenses - Total operating costs amounted to ¥283,081,775.19, compared to ¥276,214,273.88 in the previous period, indicating an increase of about 2.9%[58]. - Research and development expenses decreased to ¥438,085.05 from ¥493,850.21, showing a reduction of about 11.3%[58]. - Financial expenses decreased to ¥16,624,058.89 from ¥19,390,961.14, a decline of approximately 14.2%[58]. - Tax expenses for the current period were ¥3,011,225.32, up from ¥920,980.15 in the previous period, representing an increase of approximately 227.5%[61]. - The company experienced a credit impairment loss of ¥12,615,485.79, down from ¥14,881,889.06, reflecting a decrease of about 15.2%[58]. Other Financial Metrics - There were no significant non-recurring gains or losses reported during the period[11]. - The company reported a decrease in undistributed profits to CNY 745,228,140.06 from CNY 796,202,306.83, a decline of approximately 6.4%[46]. - The company reported a significant adjustment in contract liabilities, which increased to ¥766,772,372.38, reflecting a new accounting standard implementation[89]. - Deferred tax assets increased by ¥2,085,865.23, indicating a positive adjustment in tax-related assets[86]. - The first quarter report was not audited[97].