时代万恒(600241) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 83,480,648.54, a decrease of 9.98% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 7,989,361.60, compared to a loss of CNY 7,859,440.43 in the same period last year[6] - The net cash flow from operating activities was negative CNY 55,299,557.75, compared to negative CNY 7,695,687.88 in the previous year[6] - The weighted average return on net assets was -0.82%, down from -0.63% in the previous year[6] - Total operating revenue for Q1 2020 was ¥83,480,648.54, a decrease of 9.1% compared to ¥92,739,207.09 in Q1 2019[28] - Net loss for Q1 2020 was ¥13,320,179.79, compared to a net loss of ¥9,216,453.27 in Q1 2019, representing a 44.5% increase in losses[29] - The total comprehensive loss for Q1 2020 was ¥12,571,348.52, compared to a loss of ¥11,998,216.02 in Q1 2019, reflecting a 4.8% increase in losses[29] - Total comprehensive income for Q1 2020 was CNY 8,312,492, compared to CNY 3,757,382 in Q1 2019, representing a significant increase[32] Cash Flow - The net cash flow from operating activities was -55,299,557.75 RMB, compared to -7,695,687.88 RMB in the previous period, indicating a significant decline[18] - The net cash flow from investing activities decreased to -54,453,986.55 RMB from 33,322,982.66 RMB, reflecting a negative shift in investment activities[18] - The net cash flow from financing activities improved to 539,596.54 RMB from -23,365,317.10 RMB, showing a positive change in financing[18] - Cash inflow from operating activities in Q1 2020 was CNY 110,215,186.94, up from CNY 99,456,411.98 in Q1 2019, indicating a growth of approximately 7.7%[34] - Cash outflow from operating activities in Q1 2020 totaled CNY 165,514,744.69, compared to CNY 107,152,099.86 in Q1 2019, resulting in a net cash flow from operating activities of -CNY 55,299,557.75[34] - Cash flow from investing activities in Q1 2020 was -CNY 54,453,986.55, a decline from a positive cash flow of CNY 33,322,982.66 in Q1 2019[34] - Cash flow from financing activities in Q1 2020 was CNY 539,596.54, compared to -CNY 23,365,317.10 in Q1 2019, indicating a recovery in financing activities[35] - The company reported a net cash flow from operating activities of -CNY 3,894,040.07 for the parent company in Q1 2020, compared to -CNY 317,529.67 in Q1 2019[36] - The cash inflow from investment activities for the parent company in Q1 2020 was CNY 10,000,000.00, while cash outflow was CNY 7,500,000.00, resulting in a net cash flow of CNY 2,500,000.00[37] - The company experienced a net decrease in cash and cash equivalents of -CNY 108,935,106.91 in Q1 2020, compared to an increase of CNY 1,251,473.71 in Q1 2019[35] Assets and Liabilities - Total assets decreased by 3.30% to CNY 1,280,848,847.35 compared to the end of the previous year[6] - Total current assets decreased to 531,318,526.23 RMB from 564,856,911.76 RMB, a decline of approximately 5.5%[20] - Total non-current assets decreased to 749,530,321.12 RMB from 759,752,044.64 RMB, a decline of about 1.5%[21] - Total liabilities decreased to 446,036,890.73 RMB from 477,225,651.26 RMB, a reduction of approximately 6.5%[22] - The total equity attributable to shareholders decreased to 973,089,256.04 RMB from 980,350,436.51 RMB, a decline of about 0.3%[22] - Cash and cash equivalents decreased to 213,154,143.47 RMB from 286,006,044.94 RMB, a decline of approximately 25.5%[20] - Accounts receivable decreased to 44,219,547.97 RMB from 58,891,487.78 RMB, a decline of about 25%[20] - Inventory increased to 171,561,219.12 RMB from 154,729,776.52 RMB, an increase of approximately 10.9%[20] - The company's total liabilities increased to ¥142,861,591.22 in Q1 2020 from ¥141,264,883.39 in Q1 2019[30] - Total equity rose to ¥1,383,566,418.46 in Q1 2020, up from ¥1,375,253,926.46 in Q1 2019, indicating a growth of 0.9%[30] Shareholder Information - The number of shareholders at the end of the reporting period was 13,732[8] - The largest shareholder, Liaoning Times Wan Heng Holding Group Co., Ltd., held 48.63% of the shares, with 42,735,043 shares pledged[8] Other Financial Metrics - Sales expenses increased by 60.18% to CNY 10,160,340.81, primarily due to higher transportation, storage, and port miscellaneous fees[12] - The company received government subsidies amounting to CNY 235,066.00, classified as non-recurring income[12] - Research and development expenses for Q1 2020 were ¥4,246,672.60, an increase of 12.9% from ¥3,761,528.77 in Q1 2019[28] - Basic and diluted earnings per share for Q1 2020 remained at -¥0.03, unchanged from Q1 2019[29] - The company reported an investment income of ¥845,042.37 in Q1 2020, down from ¥2,312,059.11 in Q1 2019, a decline of 63.4%[29]