华脉科技(603042) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 191,927,890.07, representing a decrease of 8.90% year-on-year[5]. - The net profit attributable to shareholders of the listed company was negative CNY 13,629,825.58, compared to negative CNY 8,864,637.30 in the previous year[5]. - The weighted average return on equity was negative 1.70%, down from negative 1.14% year-on-year[5]. - The company reported a decrease in net profit from CNY 144,413,027.10 at the end of 2019 to CNY 130,783,201.52, a decline of about 9.5%[19]. - Net loss for Q1 2020 was ¥21,808,347.96, compared to a net loss of ¥12,270,892.95 in Q1 2019, representing an increase in loss of 77.5%[27]. - The company's gross profit margin decreased to -9.5% in Q1 2020 from -1.3% in Q1 2019[25]. - The company’s total comprehensive income for the period was -12,137,281.76 RMB, compared to -10,311,009.01 RMB in the previous year[29]. Cash Flow - Net cash flow from operating activities was negative CNY 209,895,446.42, worsening from negative CNY 115,274,409.17 in the same period last year[5]. - Total cash inflow from operating activities was 214,248,149.54 RMB, down 66.5% from 640,405,409.08 RMB in the same period last year[31]. - The company’s cash outflow from operating activities totaled 424,143,595.96 RMB, down 43.7% from 755,679,818.25 RMB in Q1 2019[32]. - The company incurred a net cash outflow from investing activities of -14,636,286.32 RMB, compared to -108,460,560.02 RMB in Q1 2019, showing a significant improvement[32]. - Cash inflow from financing activities was 240,367,942.64 RMB, a decrease of 25.7% from 323,000,000.00 RMB in Q1 2019[32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,241,016,739.37, a slight increase of 0.13% compared to the end of the previous year[5]. - The total liabilities of the company were CNY 1,343,370,760.53, up from CNY 1,318,707,254.94 at the end of 2019[19]. - Short-term borrowings increased by 30.75% to CNY 403,900,000.00, attributed to increased bank loans[13]. - The company's equity decreased from CNY 919,340,941.26 at the end of 2019 to CNY 897,645,978.84, reflecting a decline of about 2.3%[19]. - Current liabilities totaled CNY 934,050,292.73, reflecting the company's short-term financial obligations[38]. Shareholder Information - The number of shareholders at the end of the reporting period was 23,226[9]. - Basic and diluted earnings per share for Q1 2020 were both -¥0.1002, compared to -¥0.0652 in Q1 2019[27]. - The company’s basic and diluted earnings per share were both -0.0892 RMB, compared to -0.0758 RMB in Q1 2019, reflecting a decrease of 17.8%[29]. Inventory and Receivables - Accounts receivable increased from CNY 699,506,315.79 at the end of 2019 to CNY 836,665,874.54, indicating a growth of about 19.6%[17]. - Inventory increased from CNY 204,252,602.67 at the end of 2019 to CNY 219,262,857.56, representing a growth of approximately 7.3%[17]. Financial Strategy and Changes - The company did not report any significant new product developments or market expansion strategies during this quarter[11]. - The company is implementing new revenue recognition standards effective January 1, 2020, which may impact future financial reporting[39]. - The company has a long-term investment of CNY 1,176,728.97, which may indicate strategic growth initiatives[37].