森源电气(002358) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥278,504,638.84, a decrease of 36.18% compared to ¥436,393,160.25 in the same period last year[7]. - The net profit attributable to shareholders was ¥4,177,483.38, down 93.41% from ¥63,371,932.32 year-on-year[7]. - The basic earnings per share decreased to ¥0.0045, down 93.41% from ¥0.0682 in the same period last year[7]. - The company reported a net loss of CNY 9,526,234.42 for Q1 2020, compared to a net profit of CNY 58,338,318.25 in the same quarter last year[60]. - The total profit for Q1 2020 was CNY 11,830,527.38, a decrease of 84.8% from CNY 78,151,161.22 in Q1 2019[57]. - The company's operating profit for Q1 2020 was CNY 11,565,296.91, down 71.5% from CNY 40,634,045.92 in the same quarter last year[57]. Cash Flow - The net cash flow from operating activities was negative at ¥105,414,929.80, a decline of 114.98% compared to ¥703,619,980.89 in the previous year[7]. - The total cash inflow from operating activities was CNY 238,621,153.61, down from CNY 1,262,165,294.03 in Q1 2019, a decrease of 81.1%[62]. - The company reported a significant increase in cash outflows related to operating activities, totaling 344,036,083.41 CNY, compared to 558,545,313.14 CNY in the previous period[63]. - Total cash inflow from financing activities was 625,000,000.00 CNY, while cash outflow was 633,135,510.58 CNY, resulting in a net cash flow of -8,135,510.58 CNY, compared to -97,545,635.28 CNY in the previous period[65]. - The total cash inflow from investment activities was 361,909,479.45 CNY, while cash outflow was 508,530,961.53 CNY, leading to a net cash flow of -146,621,482.08 CNY, compared to -14,574,166.84 CNY in the previous period[63]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,070,846,377.38, a slight decrease of 0.02% from ¥8,072,105,860.80 at the end of the previous year[7]. - Current liabilities totaled CNY 3,436,630,128.06, a minor decrease from CNY 3,440,457,252.60[49]. - Total liabilities reached CNY 3,530,753,286.96, while total equity was CNY 4,541,352,573.84, resulting in total assets of CNY 8,072,105,860.80[74]. - The company's cash and cash equivalents decreased to CNY 656,809,297.62 from CNY 790,159,902.44, representing a decline of about 16.9%[51]. - The company's inventory decreased to CNY 603,336,394.79 from CNY 680,387,938.52, reflecting a reduction of about 11.4%[51]. Operational Changes - Operating revenue decreased by 36.18% year-on-year, primarily due to the impact of the COVID-19 pandemic on the resumption of upstream and downstream industrial chains[16]. - R&D expenses decreased by 48.29% year-on-year, mainly due to a reduction in the consumption of R&D materials[17]. - Interest income decreased by 69.64% year-on-year, primarily due to a decrease in bank deposit interest received[18]. - Other income increased by 454.22% year-on-year, mainly due to an increase in government subsidies related to daily operations[19]. - The company has not disclosed any new product or technology developments during the reporting period[9]. Future Outlook - The company has not provided specific future outlook or performance guidance in the report[9]. - The company is implementing new revenue and lease standards starting in 2020, which may affect future financial reporting[79]. - The first quarter report for 2020 was not audited, indicating preliminary figures[79].