四创电子(600990) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue fell by 50.02% to CNY 149,530,752.67 year-on-year[10] - Net profit attributable to shareholders was a loss of CNY 61,226,508.83, compared to a loss of CNY 57,759,029.86 in the same period last year[10] - Operating profit for Q1 2020 was -¥61,203,519.46, compared to -¥55,848,591.35 in Q1 2019, indicating a worsening performance[23] - Net profit for Q1 2020 was -¥61,180,807.14, compared to -¥57,088,200.23 in Q1 2019, reflecting a decline of 5.1%[24] - The company reported a total comprehensive loss of -¥23,108,272.25 in Q1 2020, compared to -¥36,098,112.69 in Q1 2019, reflecting a significant reduction in overall losses[29] Assets and Liabilities - Total assets decreased by 6.35% to CNY 6,676,881,470.95 compared to the end of the previous year[6] - Total liabilities decreased to ¥4,240,359,506.55, down 8.43% from ¥4,631,648,358.00[17] - Current assets totaled ¥4,070,006,839.34, down 9.76% from ¥4,511,218,563.13 at the end of 2019[15] - Total liabilities as of Q1 2020 were ¥3,287,351,473.59, a decrease from ¥3,421,728,633.31 in the previous year[23] - Total current liabilities were reported at ¥2,824,539,416.58, with short-term borrowings of ¥760,389,244.57[42] Cash Flow - Cash flow from operating activities showed an improvement, with a net outflow of CNY 403,189,777.09, compared to a net outflow of CNY 532,147,072.06 last year[10] - Operating cash flow for Q1 2020 was -¥403,189,777.09, compared to -¥532,147,072.06 in Q1 2019, showing a 24.2% improvement in cash flow losses[30] - The total cash outflow from operating activities in Q1 2020 was ¥685,958,367.08, down from ¥1,184,223,245.28 in Q1 2019, indicating improved cash management[30] - Cash flow from investing activities showed a net inflow of 2,322,607.85 RMB, contrasting with a net outflow of 11,847,034.71 RMB in the previous year[34] - Cash flow from financing activities resulted in a net inflow of 9,303,494.01 RMB, compared to a net outflow of 163,658,936.62 RMB in the same quarter last year[34] Shareholder Information - The number of shareholders reached 17,853 at the end of the reporting period[9] - The largest shareholder, China Electronics Corporation, holds 45.67% of the shares[9] Equity - The total equity attributable to shareholders decreased to ¥2,412,527,286.80 from ¥2,473,753,795.63, a decline of 2.47%[17] - Total equity as of Q1 2020 was ¥1,824,125,165.42, down from ¥1,847,233,437.67 in Q1 2019[23] Inventory and Prepayments - Inventory increased to ¥1,428,493,600.98, reflecting a rise of 17.91% compared to ¥1,211,565,902.59 in the previous period[15] - Prepayments increased by 168.63% to CNY 107,200,227.03, primarily due to payments made by a subsidiary for project suppliers[10] Borrowings - Short-term borrowings were reported at ¥1,047,392,530.29, a reduction of 17.60% from ¥1,271,103,836.24[16] - The company raised ¥150,000,000.00 through borrowings in Q1 2020, compared to ¥50,000,000.00 in Q1 2019, highlighting increased reliance on debt financing[31] Research and Development - Research and development expenses for Q1 2020 were ¥6,429,661.89, a decrease of 26.1% from ¥8,696,728.53 in Q1 2019[23]