新疆天业(600075) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 16.35% to CNY 839,962,040.37 year-on-year[11] - Net profit attributable to shareholders decreased by 10.41% to CNY 23,186,511.05 compared to the same period last year[11] - Basic and diluted earnings per share decreased by 11.11% to CNY 0.024[11] - The total profit decreased by 22.69% to CNY 42.91 million compared to CNY 55.51 million in the same period last year[19] - Net profit fell by 25.41% to CNY 35.20 million, down from CNY 47.18 million year-on-year[19] - Total revenue for Q1 2020 was RMB 839,962,040.37, a decrease of 16.4% compared to RMB 1,004,174,496.94 in Q1 2019[42] - Operating profit for Q1 2020 was RMB 24,034,557.38, down from RMB 26,545,400.29 in Q1 2019, reflecting a decline of 5.7%[42] - Net profit for Q1 2020 was RMB 15,358,215.98, a decrease of 12.6% from RMB 17,560,515.58 in Q1 2019[42] - The total comprehensive income for Q1 2020 was RMB 15,358,215.98, down from RMB 17,560,515.58 in Q1 2019, reflecting a decline of 12.6%[44] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 61,408,469.93, worsening by 10.17% year-on-year[11] - The net cash flow from operating activities was negative CNY 61.41 million, a decrease of 10.17% compared to negative CNY 55.74 million in the previous year[23] - In Q1 2020, the net cash flow from operating activities was -61,408,469.93 RMB, compared to -55,737,569.91 RMB in Q1 2019, indicating a decline in operational performance[53] - Total cash inflow from operating activities in Q1 2020 was 1,033,655,462.85 RMB, down 22.7% from 1,337,362,986.22 RMB in Q1 2019[53] - Cash outflow from operating activities in Q1 2020 was 1,095,063,932.78 RMB, a decrease of 21.4% compared to 1,393,100,556.13 RMB in Q1 2019[53] - Cash flow from investing activities in Q1 2020 was -43,212,385.85 RMB, an improvement from -72,975,472.84 RMB in Q1 2019[53] - The net cash flow from financing activities in Q1 2020 was -12,302,274.26 RMB, compared to a positive net flow of 28,048,404.40 RMB in Q1 2019[56] - The company experienced a net decrease in cash and cash equivalents of -116,923,130.04 RMB in Q1 2020, compared to -100,664,638.35 RMB in Q1 2019[56] Assets and Liabilities - Total assets increased by 1.69% to CNY 8,204,574,404.26 compared to the end of the previous year[11] - Accounts receivable increased by 52.93% to CNY 346,515,730.99 due to increased transactions related to calcium carbide and electricity[18] - Prepayments rose by 40.07% to CNY 104,446,553.75, attributed to unverified export settlement amounts and increased advance payments for raw materials[18] - Total liabilities increased to ¥3,102,263,668.38 from ¥2,982,785,359.00, reflecting a growth of around 4%[32] - Non-current liabilities totaled ¥1,251,694,693.05, up from ¥1,049,938,874.44, marking an increase of approximately 19%[32] - Total assets decreased to ¥5,437,388,024.79 from ¥5,489,427,211.49, showing a decline of about 1%[36] - Cash and cash equivalents decreased to ¥195,135,659.01 from ¥317,488,682.18, a drop of approximately 38%[36] - Total equity increased to ¥5,102,310,735.88 from ¥5,085,503,669.67, reflecting a growth of around 0.33%[32] Shareholder Information - The total number of shareholders reached 48,899 at the end of the reporting period[13] - The company received government subsidies amounting to CNY 1,892,252.95, which are closely related to its normal business operations[11] Investment and Development - The company plans to acquire 100% equity of Tianeng Chemical through a combination of issuing shares, convertible bonds, and cash, raising CNY 2.2 billion for the transaction[23] - The company is actively working on the major asset restructuring, with the asset delivery date set for April 30, 2020[24] - The company is focusing on expanding the application fields of PVC resin and enhancing product quality[25] - The construction of a 600,000 tons/year ethylene glycol project is nearing completion, with efforts to resume operations after delays due to COVID-19[27] Expenses - Research and development expenses increased significantly to RMB 15,597,435.27 in Q1 2020, compared to RMB 4,219,710.19 in Q1 2019, marking a rise of 269.5%[42] - Total operating costs for Q1 2020 were RMB 817,933,733.31, a decrease of 16.4% from RMB 978,534,966.09 in Q1 2019[42] - Sales expenses decreased to RMB 75,702,080.83 in Q1 2020, down 13.1% from RMB 87,141,626.30 in Q1 2019[42] - Financial expenses decreased significantly to RMB 19,985,492.44 in Q1 2020, compared to RMB 29,692,800.87 in Q1 2019, a reduction of 32.9%[42] - The company experienced an increase in asset impairment losses to RMB 149,219.90 in Q1 2020, compared to RMB 13,066.07 in Q1 2019[42]