远望谷(002161) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥82,728,237.94, a decrease of 24.91% compared to ¥110,166,763.90 in the same period last year[7] - The net profit attributable to shareholders was -¥125,049,207.26, representing a decline of 342.05% from ¥51,662,164.22 in the previous year[7] - The basic earnings per share were -¥0.1690, down 342.12% from ¥0.0698 in the previous year[7] - The total operating revenue for Q1 2020 was CNY 82,728,237.94, a decrease from CNY 110,166,763.90 in the previous period[45] - Net profit for Q1 2020 was a loss of CNY 125,661,450.35, compared to a profit of CNY 51,521,545.74 in the same period last year[47] - The total comprehensive income for Q1 2020 was a loss of CNY 127,713,453.26, compared to a gain of CNY 59,210,166.93 in the same period last year[48] - The net profit for Q1 2020 was -105,548,281.88 CNY, compared to a profit of 79,953,603.66 CNY in the same period last year, indicating a significant decline[52] - The total operating profit for the quarter was -123,355,990.77 CNY, a decrease from 87,659,047.27 CNY year-over-year[52] Cash Flow - The net cash flow from operating activities was -¥19,223,878.98, which is a 119.28% increase in negative cash flow compared to -¥8,766,941.10 in the same period last year[7] - Cash flow from operating activities showed a net outflow of -19,223,878.98 CNY, compared to -8,766,941.10 CNY in the previous year[55] - The company reported cash inflow from operating activities of 102,689,502.59 CNY, down from 144,563,260.93 CNY in the prior year[54] - The company experienced a cash outflow from financing activities of -115,487,782.44 CNY, compared to -105,035,796.78 CNY in the same quarter last year[56] - The cash inflow from investment activities was 30,574,058.07 CNY, a decrease from 63,974,055.66 CNY year-over-year[55] - The net cash flow from investment activities was -44,537,624.99 CNY, indicating a significant outflow compared to the previous year's inflow of 56,640,590.97 CNY[59] - The financing activities generated a net cash flow of -61,894,924.41 CNY, compared to -99,226,515.79 CNY in the previous year, showing an improvement in cash flow management[59] - The company received 110,000,000.00 CNY from borrowings during the financing activities, which was a significant source of cash inflow[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,308,218,497.40, a decrease of 12.37% from ¥2,634,026,583.76 at the end of the previous year[7] - Total current assets decreased from CNY 1,864,742,159.49 to CNY 1,556,363,141.05, a decline of approximately 16.5%[37] - Cash and cash equivalents dropped significantly from CNY 306,236,682.88 to CNY 150,402,143.23, a decrease of about 51.0%[37] - Total liabilities decreased from CNY 635,546,277.76 to CNY 437,451,644.66, a reduction of approximately 31.1%[39] - The company's total liabilities decreased to CNY 417,598,354.30 from CNY 550,228,324.35[46] - Total equity attributable to shareholders decreased from CNY 2,013,455,909.20 to CNY 1,886,354,699.03, a decline of about 6.3%[40] - The company's total assets decreased from CNY 2,634,026,583.76 to CNY 2,308,218,497.40, a decline of about 12.3%[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,795[11] - The largest shareholder, Xu Yusuo, holds 20.75% of the shares, amounting to 153,472,513 shares, with 106,990,000 shares pledged[11] - As of March 31, 2020, the controlling shareholder held 20.75% of the company's total shares, with 69.71% of those shares pledged[20] - The company repurchased a total of 1,364,292 shares, accounting for 0.18% of the total share capital, by February 14, 2020[22] - As of March 31, 2020, the company had not yet started the share repurchase plan for 2020[23] Government and Regulatory Matters - The company received government subsidies amounting to ¥1,894,201.05 during the reporting period[8] - The company disclosed a change in accounting policy on January 11, 2020[21] - The company announced the termination of a private bond issuance on March 20, 2020[21] - The company has not engaged in derivative investments during the reporting period[30] - The company reported no violations regarding external guarantees during the reporting period[30] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[31] Operational Insights - Operating revenue fell by 24.91% to ¥82,728,237.94, primarily impacted by domestic and international pandemic effects[16] - Operating costs decreased by 36.16% to ¥47,063,713.54, in line with the reduction in operating revenue[16] - The company reported a 100% decrease in advance receipts, which were reclassified to contract liabilities under new revenue standards[16] - The company recorded a 97.83% decrease in asset impairment losses, reflecting adjustments to credit impairment losses under new financial instrument standards[17] - The company’s financial expenses decreased by 45.04% to ¥5,187,446.44, mainly due to reduced exchange losses compared to the previous year[16] - The company has committed to not engaging in any competing business related to the production and sales of ultra-high frequency RFID products[24] - The company invested 8,000,000 yuan in bank wealth management products, with an outstanding balance of 3,000,000 yuan[29] - The company maintained a 100% response rate to investor inquiries on the Shenzhen Stock Exchange interactive platform, answering 42 questions in the first quarter of 2020[33] - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting[60] - The company has implemented new revenue and leasing standards starting from 2020, but no retrospective adjustments were made[66]