Shanghai Jahwa(600315)2020-04-22 16:00Financial Performance - Net profit attributable to shareholders was ¥119,240,351.71, a decrease of 48.89% year-on-year[12]. - Operating revenue for the period was ¥1,664,700,172.88, down 14.80% from the same period last year[12]. - Basic earnings per share decreased by 48.57% to ¥0.18[12]. - The weighted average return on net assets fell to 1.89%, a decrease of 2.03 percentage points year-on-year[12]. - Total operating revenue for Q1 2020 was 1,953,877,043.25 in Q1 2019[47]. - Net profit for Q1 2020 was 233,315,627.12 in Q1 2019[49]. - Comprehensive income for Q1 2020 totaled 256,130,378.11 in Q1 2019[49]. - The company reported a significant decrease in investment income, which fell by 77.49% to ¥12,103,418.13 from ¥53,765,791.36 year-on-year[27]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,167,831,246.46, an increase of 0.18% compared to the end of the previous year[12]. - The company's total current assets reached ¥6,122,316,008.61, compared to ¥5,877,515,860.01 at the end of 2019, indicating an increase of 4.15%[32]. - The company's inventory as of March 31, 2020, was ¥987,948,426.11, up from ¥925,168,022.56 at the end of 2019, reflecting an increase of 6.77%[32]. - The company’s total liabilities increased significantly, with borrowings amounting to ¥1,079,724,000.00, marking a 100% increase due to new loans from overseas subsidiaries[29]. - Total liabilities decreased from ¥4,861,742,472.71 to ¥4,837,631,924.76, a reduction of approximately 0.49%[37]. - Owner's equity increased from ¥6,285,750,063.60 to ¥6,330,199,321.70, showing a growth of about 0.71%[37]. - The total liabilities included accounts payable of ¥823,855,969.38, remaining stable compared to the previous year[63]. - The total liabilities and equity combined reached $9.66 billion, reflecting the company's financial stability[75]. Cash Flow - Net cash flow from operating activities increased by 27.38% to ¥340,375,610.57 compared to the previous year[12]. - The cash flow from operating activities for Q1 2020 was ¥340.38 million, an increase of 27.3% from ¥267.21 million in Q1 2019[57]. - Cash inflow from operating activities totaled ¥846,846,543.95 in Q1 2020, slightly down from ¥859,439,095.33 in Q1 2019, reflecting a decrease of approximately 1.5%[59]. - The net cash flow from operating activities for Q1 2020 was ¥185,670,772.02, a significant increase compared to ¥62,771,835.73 in Q1 2019, representing a growth of approximately 195%[59]. - Cash outflow from operating activities was ¥661,175,771.93 in Q1 2020, down from ¥796,667,259.60 in Q1 2019, showing a reduction of about 17%[59]. Shareholder Information - The total number of shareholders at the end of the reporting period was 34,259[19]. - The largest shareholder, Shanghai Jahwa Group Co., Ltd., holds 47.25% of the shares[19]. Government Support and Financial Adjustments - The company received government subsidies amounting to ¥2,030,472.85 during the reporting period[14]. - The company implemented new revenue recognition standards affecting various financial statement items, with specific adjustments noted[69]. - The company adopted the revised revenue recognition standards in 2020, impacting the financial statements without restating prior year figures[75].