赛力斯(601127) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 505.18% to a loss of CNY 494.22 million compared to the same period last year[4] - Operating revenue fell by 49.63% to CNY 2.39 billion compared to the same period last year[4] - Total operating revenue for Q1 2020 was CNY 2,385,040,155.84, a decrease of 49.63% compared to CNY 4,734,575,792.05 in Q1 2019, primarily due to decreased vehicle and engine sales[12] - Net loss for Q1 2020 was ¥660,731,185.78, compared to a net loss of ¥54,478,664.22 in Q1 2019, indicating a significant increase in losses[22] - The company reported a gross profit margin of -24.7% in Q1 2020, compared to a positive margin in Q1 2019[21] - The company reported a total comprehensive loss of ¥651,118,607.49 for Q1 2020, compared to a loss of ¥83,339,226.95 in Q1 2019[22] - The total comprehensive loss for Q1 2020 was -90,818,897.42 RMB, compared to -79,826,292.85 RMB in Q1 2019, indicating a worsening overall financial position[24] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 479.22 million, a decrease of 56.95% compared to the previous year[4] - Net cash flow from operating activities for Q1 2020 was CNY -479,223,461.87, a decrease of 56.95% compared to CNY -305,328,415.97 in Q1 2019[14] - The net cash flow from operating activities for Q1 2020 was -71,462,093.15 RMB, a significant decrease from 169,133,842.48 RMB in Q1 2019[27] - The net cash flow from investing activities was -584,278,447.45 RMB in Q1 2020, compared to -649,239,024.56 RMB in Q1 2019, indicating an improvement in cash outflow[26] Assets and Liabilities - Total assets decreased by 7.55% to CNY 27.67 billion compared to the end of the previous year[4] - The company’s total current assets decreased from CNY 13,769,251,742.71 to CNY 11,620,497,948.21, reflecting a significant reduction in liquidity[16] - The company’s total liabilities increased by 37.15% in accounts payable, rising from CNY 5,415,025,672.76 to CNY 7,426,838,038.32[10] - The company reported a significant decrease of 70.56% in employee compensation liabilities, from CNY 336,770,651.74 to CNY 99,144,747.34[10] - Total liabilities increased to ¥6,847,877,027.08 in Q1 2020 from ¥6,134,982,381.52 in Q1 2019, representing an increase of 11.6%[20] - The company’s total liabilities included short-term borrowings of 2,068,243,831.93 RMB as of January 1, 2020[30] Shareholder Information - The largest shareholder, Chongqing Xiaokang Holdings, holds 51.78% of the shares, with 364.2 million shares pledged[7] - Total equity attributable to shareholders decreased from ¥5,542,957,391.20 to ¥5,056,092,543.57, a decline of approximately 8.75%[18] Operational Impact - The company experienced a decline in production and sales due to the pandemic, significantly impacting net profit[5] - The company aims to minimize the impact of the pandemic on its operations moving forward[5] - As of March 31, 2020, all production bases have resumed operations, and product market sales are gradually recovering[5] Investments - Other equity instrument investments increased by 262.41% from CNY 14,100,250.00 to CNY 51,100,250.00 due to investments in Guangdong Rongchuang Lingyue Fund[10] - The company’s investment income decreased significantly by 2281.35%, reflecting reduced profits from equity method investments due to the pandemic[12] Costs and Expenses - Operating costs decreased by 41.12% from CNY 3,814,006,219.48 to CNY 2,245,802,022.92, reflecting the decline in sales volume[12] - Research and development expenses for Q1 2020 were ¥138,568,371.34, a decrease of 6.9% from ¥148,588,940.46 in Q1 2019[21] - The company incurred financial expenses of 37,960,387.30 RMB in Q1 2020, a decrease from 49,474,764.59 RMB in Q1 2019, showing a reduction of about 23.5%[23] Foreign Exchange and Economic Factors - The company reported foreign exchange losses of approximately CNY 71 million due to global economic fluctuations[5] - Cash flow from financing activities increased by 166.40% to CNY 156,416,051.86 from CNY -235,558,342.45 in the same period last year[14]