ST富润(600070) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 11.22% to CNY 644,936,457.17 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 64.11% to CNY 62,031,529.49 compared to the same period last year[5] - Basic earnings per share decreased by 64.71% to CNY 0.12 compared to the same period last year[5] - Net profit decreased by 65.57% to RMB 67,748,640.34 from RMB 196,744,819.47, mainly due to changes in the fair value of "Shangfeng Cement" stocks[12] - Total operating revenue for Q1 2020 was ¥644,936,457.17, a decrease of 9.2% compared to ¥726,412,023.30 in Q1 2019[25] - Net profit for Q1 2020 was ¥67,748,640.34, a decline of 65.5% from ¥196,744,819.46 in Q1 2019[26] - Earnings per share for Q1 2020 were ¥0.12, compared to ¥0.34 in Q1 2019, reflecting a 64.7% decrease[26] - The company’s total comprehensive income for the period was 38,566,784.27 RMB, compared to 126,208,577.77 RMB in the previous year, reflecting a significant decline of 69.5%[31] Cash Flow - Cash flow from operating activities improved, with a net cash flow of CNY -17,445,509.66, compared to CNY -40,543,423.81 in the same period last year[5] - In Q1 2020, the company reported a net cash flow from operating activities of -17,445,509.66 RMB, an improvement from -40,543,423.81 RMB in Q1 2019, indicating a 57.0% reduction in cash outflow[32] - Total cash inflow from operating activities was 465,154,522.31 RMB, slightly down from 469,451,257.36 RMB in the same period last year, reflecting a decrease of 0.6%[31] - The company’s cash outflow for operating activities was 482,600,031.97 RMB, compared to 509,994,681.17 RMB in Q1 2019, marking a decrease of 5.4%[32] - Cash flow from financing activities was -38,939,024.04 RMB, worsening from -21,461,427.89 RMB in Q1 2019, indicating a 81.5% increase in cash outflow[32] - The company’s cash flow from investment activities was significantly lower at 3,260,427.71 RMB compared to 65,819,024.41 RMB in Q1 2019, a decrease of 95.0%[32] Assets and Liabilities - Total assets increased by 1.24% to CNY 4,821,281,028.41 compared to the end of the previous year[5] - The company’s total assets and liabilities showed significant changes, with accounts payable increasing by 45.13% to RMB 134,617,672.26 from RMB 92,753,555.20[11] - Total liabilities decreased to ¥1,565,698,269.35 from ¥1,582,196,471.85, a reduction of approximately 1.0%[19] - The company’s total equity increased to ¥3,255,582,759.06 from ¥3,180,049,118.72, reflecting a growth of approximately 2.4%[19] Shareholder Information - The total number of shareholders reached 32,853 by the end of the reporting period[9] - The largest shareholder, Furen Holdings Group Co., Ltd., holds 19.40% of the shares, with 49,100,000 shares pledged[9] - The company repurchased 15,225,386 shares through its special securities account[9] - The company completed a share repurchase plan, acquiring 15,225,386 shares, representing 2.92% of total shares, at an average price of RMB 6.58 per share[13] Other Financial Metrics - Non-recurring gains and losses totaled CNY 50,156,348.82, primarily from government subsidies and other income[8] - Financial expenses increased by 119.51% to RMB 20,187,541.46 from RMB 9,196,731.67, attributed to non-recourse accounts receivable factoring discounts[12] - Research and development expenses rose to ¥13,366,434.24 in Q1 2020, an increase of 20.3% from ¥11,110,573.33 in Q1 2019[25] - The company reported a decrease in tax expenses to ¥21,224,651.38 in Q1 2020, down from ¥49,720,875.57 in Q1 2019[26]