双良节能(600481) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -27,701,795.54, a decrease of 363.22% year-on-year[12] - Operating revenue fell by 37.43% to CNY 219,933,922.53 compared to the same period last year[12] - Basic earnings per share were CNY -0.0169, a decrease of 364.06% compared to the previous year[12] - The company reported a net profit of CNY 222,470,152.95 for the first quarter of 2020, compared to CNY 254,585,820.27 in the same period of 2019, a decrease of about 12.6%[39] - Net profit for the first quarter of 2020 was a loss of ¥29,389,316.20, compared to a profit of ¥10,996,142.45 in Q1 2019, marking a significant decline[45] - The company reported a gross profit margin of approximately -8.1% for Q1 2020, compared to a positive margin in Q1 2019[43] - The company’s total comprehensive income for the period was -23,496,873.07 RMB, compared to -1,096,034.14 RMB in the previous period[56] Revenue and Costs - The company's operating revenue for the current period is CNY 219,933,922.53, a decrease of 37.43% compared to CNY 351,519,068.59 in the same period last year, primarily due to reduced sales impacted by the pandemic[25] - The company's operating costs decreased by 41.77% to CNY 149,131,920.45 from CNY 256,123,675.50, also attributed to the pandemic's impact on sales[25] - Total operating revenue for the first quarter of 2020 was ¥219,933,922.53, a decrease from ¥351,519,068.59 in the same period of 2019, representing a decline of approximately 37.4%[43] - Total operating costs for the first quarter of 2020 were ¥237,238,452.09, down from ¥361,027,164.08 in the previous year, indicating a reduction of about 34.3%[43] Cash Flow - Net cash flow from operating activities was CNY -256,730,840.54, a decline of 102.64% year-on-year[12] - The net cash flow from operating activities is CNY -256,730,840.54, a decline of 102.64% compared to CNY -126,692,787.26 in the previous year, mainly due to decreased sales and reduced cash collection[25] - The company reported a net cash flow from operating activities of -256,730,840.54 RMB for Q1 2020, compared to -126,692,787.26 RMB in Q1 2019, indicating a decline of approximately 102% year-over-year[57] - Total cash inflow from operating activities was 160,025,430.99 RMB in Q1 2020, down 42.5% from 278,368,188.90 RMB in Q1 2019[57] - Cash outflow from operating activities increased to 416,756,271.53 RMB in Q1 2020, compared to 405,060,976.16 RMB in Q1 2019, reflecting a rise of about 2%[57] Assets and Liabilities - Total assets decreased by 2.68% to CNY 3,752,575,224.63 compared to the end of the previous year[12] - The total assets of the company decreased to CNY 3,752,575,224.63 from CNY 3,855,736,243.68, reflecting a decline in liquidity[28] - The company's cash and cash equivalents decreased to CNY 867,460,168.54 from CNY 1,064,788,045.26, indicating a reduction in available cash[28] - Total liabilities increased to CNY 1,417,670,335.08 from CNY 1,361,290,229.45, indicating a growth of about 4.1%[39] - Total liabilities increased to ¥5,614,506,914.87 from ¥5,644,279,378.78, reflecting a slight increase of approximately 0.5%[68] - Total liabilities decreased to ¥1,557,445,578.87 from ¥1,587,218,378.78, a reduction of approximately 1.5%[70] Shareholder Information - The total number of shareholders at the end of the reporting period was 48,988[20] - The top shareholder, Shuangliang Group Co., Ltd., held 20.12% of the shares[20] - Shareholders' equity totaled CNY 2,317,100,862.59, a decrease from CNY 2,348,414,929.91, reflecting a decline of approximately 1.3%[39] - Total equity attributable to shareholders increased to ¥2,279,249,345.18 from ¥2,270,697,540.62, reflecting a growth of about 0.4%[70] Other Financial Metrics - The weighted average return on net assets was -1.23%, down by 1.70 percentage points year-on-year[12] - The company reported a significant increase in non-recurring losses, including a loss of CNY -8,454,104.12 from financial assets[19] - The company has not disclosed any new product developments or market expansion strategies in this report[21] - Research and development expenses increased to ¥16,108,817.11 in Q1 2020 from ¥14,010,902.76 in Q1 2019, reflecting a growth of about 15%[43] - The company recorded an investment loss of ¥1,086,252.06 in Q1 2020, a stark contrast to a gain of ¥15,783,313.80 in the same quarter of 2019[43]