新化股份(603867) - 2020 Q1 - 季度财报

Financial Performance - Operating income fell by 35.10% to CNY 352,579,131.13, down from CNY 543,290,219.75 in the same period last year[5] - Net profit attributable to shareholders decreased by 49.78% to CNY 20,399,880.12, compared to CNY 40,621,707.54 in the previous year[5] - Basic and diluted earnings per share decreased by 61.54% to CNY 0.15 per share[5] - Operating profit fell to CNY 22.79 million, down 60.11% from CNY 57.13 million year-on-year[12] - Net profit decreased by 58.89% to CNY 19.51 million, compared to CNY 47.45 million in the previous year[13] - The company reported a total profit of CNY 29,989,725.08, a decrease of 13.5% from CNY 34,611,079.81 in Q1 2019[28] Cash Flow - Cash flow from operating activities showed a significant decline of 242.81%, resulting in a net cash outflow of CNY 35,068,302.86[5] - Cash flow from operating activities showed a net outflow of CNY 35.07 million, a decline of 242.81% from a net inflow of CNY 24.56 million in the same period last year[13] - The company reported a cash inflow from operating activities of ¥266,442,677.98 in Q1 2020, down 36.9% from ¥422,185,359.24 in Q1 2019[30] - Net cash flow from operating activities was -CNY 43,192,905.88 in Q1 2020, compared to -CNY 36,389,222.42 in Q1 2019, indicating a worsening performance year-over-year[33] - The company reported a net cash decrease of CNY 58,892,013.13 in Q1 2020, compared to a decrease of CNY 62,231,940.64 in Q1 2019, indicating a slight improvement in cash management[34] Assets and Liabilities - Total assets decreased by 1.13% to CNY 2,170,599,801.91 compared to the end of the previous year[5] - Accounts receivable increased by 45.38% to CNY 167,507,914.36 due to reduced sales collections impacted by the pandemic[11] - Other non-current assets rose by 52.62% to CNY 28,549,331.81, primarily due to increased prepayments for equipment purchases[11] - Total liabilities reached CNY 774,083,008.43, with current liabilities at CNY 693,672,558.79 and non-current liabilities at CNY 80,410,449.64[37] - The company’s total liabilities to total assets ratio stands at approximately 35.3%[37] Shareholder Information - The number of shareholders reached 14,054, with the largest shareholder holding 17.22% of the shares[9] - Total equity reached approximately 1.28 billion, indicating strong financial health[41] - Unallocated profits amounted to approximately 556.8 million, reflecting retained earnings[41] Government Support and Subsidies - The company received government subsidies amounting to CNY 2,810,591.99, which are closely related to its normal business operations[8] Taxation - Tax expenses decreased by 74.76% to CNY 2.40 million, primarily due to the recognition of deferred tax assets[13] - The company experienced a 250.79% increase in payable taxes, rising to CNY 5.96 million, attributed to reduced deductions for fixed asset investments[12] - The company reported a tax expense of ¥3,739,538.44 for Q1 2020, down from ¥4,414,715.51 in Q1 2019, reflecting a decrease of 15.3%[28] Investment and Expenses - The company reported a significant reduction in financial expenses, down 87.08% to CNY 764,229 from CNY 5.91 million year-on-year[12] - Research and development expenses for Q1 2020 were ¥7,527,218.81, a decrease of 26.5% compared to ¥10,237,389.70 in Q1 2019[28] - The company experienced a decrease in sales expenses, which were ¥10,576,740.76 in Q1 2020, down from ¥13,729,266.93 in Q1 2019, indicating a reduction of 22.5%[28]