和顺电气(300141) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥62,728,041.29, a decrease of 47.46% compared to ¥119,400,686.59 in the same period last year[7]. - Net profit attributable to shareholders was -¥6,177,527.07, an improvement of 20.92% from -¥7,811,868.25 year-on-year[7]. - Basic and diluted earnings per share were both -¥0.02, showing a 33.33% improvement from -¥0.03 in the same period last year[7]. - The company reported a revenue of ¥62,728,041.29, a decrease of 47.46% compared to the same period last year, primarily due to the impact of COVID-19 on operations[21]. - The company reported a total profit (loss) for the quarter of CNY -6,203,149.80, an improvement from CNY -7,851,714.92 last year[40]. Cash Flow - Net cash flow from operating activities was ¥5,667,758.97, a significant increase of 115.97% compared to -¥35,493,958.13 in the previous year[7]. - The net cash flow from investment activities was ¥16,373,605.15, an increase of 1703.64% year-on-year, mainly due to capital reduction in a wholly-owned subsidiary[21]. - The company reported a significant increase in cash paid for purchasing goods and services, which rose to 68,428,450.67 yuan from 39,146,023.27 yuan in the previous period[51]. - The total operating cash inflow was 76,513,273.94 yuan, while total operating cash outflow was 141,696,931.96 yuan, leading to a negative cash flow from operations[51]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,266,843,087.15, down 5.47% from ¥1,340,160,009.07 at the end of the previous year[7]. - Current liabilities totaled CNY 533,798,225.97, down from CNY 594,840,599.11, indicating a reduction of about 10.3%[32]. - The total liabilities of the company included short-term borrowings of 175,000,000.00 yuan and accounts payable of 189,472,786.55 yuan, indicating a substantial level of short-term financial obligations[55]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,745[10]. - The largest shareholder, Yao Jianhua, holds 44.52% of the shares, amounting to 113,730,919 shares[10]. - Net assets attributable to shareholders decreased by 1.56% to ¥717,991,968.21 from ¥729,351,494.71 at the end of the previous year[7]. Operational Changes - The company did not engage in any repurchase transactions during the reporting period[11]. - There were changes in the top five suppliers and customers, but these changes are not expected to significantly impact operations[22][23]. - The company has implemented measures to ensure orderly operations and compliance with the annual business plan despite the pandemic[23]. Compliance and Future Outlook - The company plans to strengthen management and internal controls while continuing research and development, production, and market expansion efforts[21]. - The company does not have any significant risks or difficulties that could adversely affect future operations[23]. - The company is implementing the new revenue recognition standards starting from 2020, which may affect future financial reporting[60].