CFHI(601106)2020-04-29 16:00Financial Performance - Operating revenue rose by 28.33% to CNY 3,182,985,554.70 year-on-year[4] - Net profit attributable to shareholders increased by 42.12% to CNY 33,842,488.76 compared to the same period last year[4] - Total profit rose by 33.42% to RMB 5,230.48 million compared to RMB 3,920.32 million in the same period last year, driven by increased revenue and cost control measures[13] - Net profit for Q1 2020 was approximately CNY 34.04 million, compared to CNY 23.24 million in Q1 2019, representing a year-over-year increase of 46.2%[25] - The company reported a total profit of approximately CNY 52.30 million for Q1 2020, compared to CNY 39.20 million in Q1 2019, indicating a growth of 33.4%[25] - The total comprehensive income for Q1 2020 was approximately CNY 34.04 million, compared to CNY 23.24 million in Q1 2019, reflecting a growth of 46.2%[26] - The total comprehensive income for the period was reported at -77,365,152.63 RMB, compared to -126,830,062.18 RMB in the previous year, reflecting a reduction in losses[30] Cash Flow - Cash flow from operating activities showed a decline of 34.00%, amounting to CNY -584,026,475.54[4] - The net cash flow from operating activities decreased by 34.00% to RMB -58,402.65 million, primarily due to increased procurement volumes[15] - The company reported a significant reduction in asset impairment losses, which were CNY 11.65 million in Q1 2020 compared to CNY 24.43 million in Q1 2019[27] - The company experienced a decrease in financial expenses, which were approximately CNY 119.04 million in Q1 2020, down from CNY 131.43 million in Q1 2019[24] - The company’s cash inflow from operating activities totaled 2,490,496,774.11 RMB in Q1 2020, compared to 1,568,906,027.21 RMB in Q1 2019, marking a growth of approximately 58.5%[31] - The company reported a net cash outflow from investing activities of -93,441,503.41 RMB in Q1 2020, compared to -127,069,146.30 RMB in the same period last year, showing an improvement in investment cash flow[31] - The company’s net cash flow from financing activities in Q1 2020 was 1,608,097,241.02 RMB, significantly higher than 642,738,967.80 RMB in Q1 2019, indicating a strong financing position[31] Assets and Liabilities - Total assets increased by 5.09% to CNY 34,776,688,343.06 compared to the end of the previous year[4] - The total assets increased to RMB 24,551,960.53 million from RMB 22,806,575.94 million, indicating growth in the company's asset base[17] - Current liabilities rose to ¥20.60 billion, compared to ¥19.75 billion, reflecting an increase of about 4.3%[18] - Total liabilities rose to ¥23.58 billion, compared to ¥21.93 billion, reflecting an increase of about 7.5%[19] - Long-term borrowings increased by 51.95% to RMB 234,000.00 million from RMB 154,000.00 million, reflecting the company's financing needs for production operations[12] - Long-term borrowings increased to ¥2.34 billion, up from ¥1.54 billion, representing a growth of approximately 51.6%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 313,536[8] - The largest shareholder, China First Heavy Industries Group, holds 63.88% of the shares[8] - The company has not identified any related party relationships among its major shareholders, ensuring compliance with acquisition regulations[11] Research and Development - The company invested RMB 11,646.05 million in development expenses, a 58.55% increase from RMB 7,345.47 million, to enhance R&D efforts for high-quality development[12] - Research and development expenses for Q1 2020 were approximately CNY 32.66 million, a decrease of 25% compared to CNY 43.44 million in Q1 2019[24] Tax and Government Subsidies - Government subsidies recognized in the current period amounted to CNY 14,734,555.33[6] - The company paid 188,767,474.89 RMB in taxes during Q1 2020, an increase from 161,162,865.80 RMB in Q1 2019, indicating higher tax obligations[31] - The company received tax refunds amounting to 4,126,097.90 RMB in Q1 2020, compared to 314,022.92 RMB in Q1 2019, indicating better cash management[30] Earnings Per Share - Basic earnings per share increased by 40.00% to CNY 0.0049[5] - Earnings per share for Q1 2020 were CNY 0.0049, an increase from CNY 0.0035 in Q1 2019[26]