S佳通(600182) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 503,043,762.43, a decrease of 38.58% year-on-year due to a decline in sales[13] - Net profit attributable to shareholders was CNY 9,617,874.83, down 47.62% compared to the same period last year[5] - Basic earnings per share for the quarter were CNY 0.0337, a decrease of 39.82% compared to the same period last year[7] - Operating profit for the quarter was 0.33 million, a decrease of 38.46% compared to the same period last year, mainly due to a decline in sales[14] - Net profit for Q1 2020 was ¥24,226,007.23, representing a decline of 38.8% from ¥39,588,169.17 in Q1 2019[26] - Earnings per share for Q1 2020 were ¥0.0337, compared to ¥0.0560 in Q1 2019, reflecting a decrease of 40.9%[26] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 153,304,806.00, a significant decrease of 170.97% compared to the previous year[5] - The company's cash and cash equivalents at the end of the period were CNY 160 million, down 30.51% from the beginning of the year due to decreased sales[12] - In Q1 2020, the company reported a net cash flow from operating activities of -153,304,806.00 RMB, a significant decline compared to 216,019,356.81 RMB in Q1 2019, indicating a year-over-year decrease of approximately 171%[31] - The total cash inflow from operating activities was 340,890,597.80 RMB, down 53.6% from 734,722,981.76 RMB in the same period last year[31] - The ending balance of cash and cash equivalents was 147,991,221.44 RMB, down from 235,043,085.22 RMB in Q1 2019, representing a decrease of about 37%[33] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,085,695,365.39, an increase of 1.61% compared to the end of the previous year[5] - Total liabilities were 1,379.06 million as of March 31, 2020, compared to 1,354.33 million at the end of 2019[19] - Current assets totaled 2,028.23 million as of March 31, 2020, an increase from 1,951.35 million at the end of 2019[18] - Accounts receivable increased to 1,168.15 million as of March 31, 2020, from 984.24 million at the end of 2019[17] - Total current assets as of Q1 2020 amounted to CNY 1,951,346,912.28, reflecting a significant asset base[37] - The total liabilities as of Q1 2020 were CNY 1,354,328,727.29, indicating a robust financial structure[38] Operational Efficiency - The company reported an asset impairment loss of CNY 1.3 million, an increase of 1108.46% year-on-year, primarily due to equipment obsolescence[13] - Inventory decreased to 430.84 million as of March 31, 2020, from 444.51 million at the end of 2019[17] - The company experienced a decrease in sales expenses, which fell to ¥22,742,856.42 in Q1 2020 from ¥32,733,492.13 in Q1 2019, a reduction of 30.5%[25] Investment and Financing - Short-term borrowings increased by 34.94% to CNY 67 million, attributed to new trade financing[12] - The company raised 110,000,000.00 RMB through financing activities, marking a significant increase from 0 RMB in Q1 2019[32] - The net cash flow from financing activities was 96,383,287.48 RMB, a turnaround from -29,600,340.35 RMB in the previous year, indicating a positive change of over 425%[32] Research and Development - The company reported a significant increase in R&D expenses, which rose to ¥2,539,981.67 in Q1 2020 from ¥1,277,894.78 in Q1 2019, marking a growth of 98.7%[25] - The company aims to enhance its market position through increased investment in R&D and cost management strategies moving forward[25] Taxation - Income tax expense for the quarter was 0.09 million, down 37.86% from the same period last year, attributed to a decrease in pre-tax profit due to lower sales[14] - The company received tax refunds amounting to 20,001,601.81 RMB, which is a significant increase from 6,552,536.17 RMB in Q1 2019, reflecting a growth of approximately 205%[31]