海峡股份(002320) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥279,632,400.33, a decrease of 23.61% compared to ¥366,068,153.40 in the same period last year[8] - The net profit attributable to shareholders for Q1 2020 was ¥74,026,771.16, down 33.56% from ¥111,421,904.57 year-on-year[8] - Basic and diluted earnings per share for Q1 2020 were both ¥0.0747, reflecting a decline of 33.60% from ¥0.1125 in the same period last year[8] - The company's operating revenue for Q1 2020 was CNY 223.71 million, a decrease of 24.2% compared to CNY 295.18 million in the same period last year[49] - The net profit for Q1 2020 was CNY 74.03 million, down 33.6% from CNY 111.42 million in Q1 2019[47] - The total operating costs for Q1 2020 were CNY 179.83 million, a decrease of 16.2% from CNY 214.55 million in the previous year[46] - The company's operating profit for Q1 2020 was CNY 99.08 million, down 33.6% from CNY 149.10 million in Q1 2019[47] - The total profit for Q1 2020 was CNY 99.05 million, a decrease of 33.6% from CNY 149.05 million in the previous year[47] - Total comprehensive income for the first quarter was CNY 70,047,098.60, a decrease from CNY 90,971,275.48 in the previous period[51] Cash Flow and Assets - The net cash flow from operating activities decreased by 63.23%, amounting to ¥76,789,682.52 compared to ¥208,815,017.97 in the previous year[8] - Operating cash flow decreased by 63.23% to ¥76,789,682.52, significantly impacted by reduced shipping freight income due to COVID-19[24] - Cash inflow from operating activities totaled CNY 427,625,070.03, down from CNY 615,145,025.18 year-over-year[52] - Cash and cash equivalents at the end of the period amounted to CNY 1,690,530,770.07, compared to CNY 1,549,732,501.89 at the end of the previous period[54] - Cash outflow from investing activities was CNY 3,247,750.00, a decrease from CNY 26,016,572.12 in the prior year[54] - Cash outflow from financing activities was CNY 281,155.89, down from CNY 504,393.76 in the previous period[58] - The net increase in cash and cash equivalents for the period was CNY 73,260,776.63, compared to CNY 182,294,052.09 in the prior year[54] Balance Sheet and Shareholder Information - Total assets at the end of the reporting period were ¥4,152,763,953.49, an increase of 2.64% from ¥4,045,811,825.20 at the end of the previous year[8] - Net assets attributable to shareholders increased by 2.38%, reaching ¥3,879,814,460.83 compared to ¥3,789,592,179.85 at the end of the previous year[8] - The total liabilities increased to CNY 272,949,492.66 from CNY 256,219,645.35, reflecting a growth of approximately 6.3%[38] - The owner's equity totaled CNY 3,879,814,460.83, compared to CNY 3,789,592,179.85, representing a growth of approximately 2.4%[38] - The total current liabilities decreased to CNY 239,380,619.85 from CNY 227,873,049.81, a reduction of approximately 5.4%[43] - The total number of ordinary shareholders at the end of the reporting period was 25,946[12] - The largest shareholder, Hainan Port and Shipping Holdings Co., Ltd., held 58.53% of the shares, totaling 579,797,986 shares[12] Tax and Government Subsidies - The company reported a government subsidy of ¥219,236.17 during the period, related to VAT reductions[8] - The company recorded a 33.51% reduction in income tax expenses to ¥25,020,601.24, influenced by a decrease in profits compared to the previous year[24] - The financial expenses for Q1 2020 showed a significant improvement, with a net income of CNY -9.78 million compared to CNY -0.93 million in the previous year[46] - The tax expenses for Q1 2020 were CNY 25.02 million, a decrease of 33.6% from CNY 37.63 million in Q1 2019[47] - The company reported a 39.17% decrease in business tax and additional fees to ¥1,357,287.16, attributed to lower VAT payments[22] Other Financial Metrics - The weighted average return on equity was 1.93%, down from 3.02% in the previous year[8] - Interest receivables surged by 2409.52% to ¥6,377,912.26 as a result of increased cash reserves and optimized deposit product structure[22] - Accounts receivable increased by 269.63% to ¥48,214,639.33 due to an increase in shipping freight receivables[22] - Prepayments decreased by 38.60% to ¥3,545,948.78 primarily due to a reduction in prepaid fuel costs for ships[22] - Accounts payable rose by 67.62% to ¥130,494,042.60 mainly due to increased shipping freight payables from a subsidiary[22] - The deferred income tax liabilities rose to CNY 26,992,250.00 from CNY 21,659,750.00, an increase of approximately 24.5%[43] - The other comprehensive income increased to CNY 80,976,750.00 from CNY 64,979,250.00, reflecting a growth of about 24.6%[43] - Other comprehensive income after tax for Q1 2020 was CNY 15.99 million, an increase of 45.1% from CNY 11.02 million in the same period last year[48] Reporting and Standards - The report was not audited, indicating that the figures may be subject to change upon final review[60] - The company did not apply new revenue and leasing standards for the current reporting period[60]