恒顺醋业(600305) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 3.69% to CNY 75,919,534.89 year-on-year[12] - Operating revenue rose by 0.35% to CNY 466,131,649.20 compared to the same period last year[12] - Operating income increased by 39.27% to ¥1,627,581.11, attributed to higher non-operating income[24] - The company reported an operating profit of $94.90 million in Q1 2020, compared to $86.82 million in Q1 2019, an increase of 9.5%[47] - The total profit for Q1 2020 was $92.74 million, up from $86.91 million in Q1 2019, representing a growth of 6.7%[49] - The total comprehensive income for the first quarter of 2020 was CNY 65,350,166.39, an increase from CNY 58,159,389.92 in the same period of 2019, representing a growth of approximately 3.1%[54] Assets and Liabilities - Total assets increased by 5.37% to CNY 3,141,940,256.90 compared to the end of the previous year[12] - Total liabilities increased to ¥715,901,893.07 from ¥633,552,702.08, representing a growth of approximately 13.0% year-over-year[37] - Current liabilities rose to ¥631,941,517.90 from ¥559,610,153.37, indicating an increase in short-term financial obligations[35] - Total current liabilities rose to ¥530,135,127.74 from ¥435,501,097.44, an increase of about 21.7% year-over-year[43] - Total equity rose to ¥2,426,038,363.83 compared to ¥2,348,255,469.35, marking an increase of about 3.3% year-over-year[37] Cash Flow - Cash flow from operating activities increased by 7.22% to CNY 74,671,830.90 year-on-year[12] - Cash received from operating activities decreased by 39.61% to ¥9,488,058.03, reflecting reduced operational cash flow[25] - The net cash flow from operating activities for the first quarter of 2020 was CNY 74,671,830.90, compared to CNY 69,640,578.16 in the first quarter of 2019, indicating an increase of about 3.0%[57] - The net cash flow from financing activities was CNY 127,422,259.90, a substantial increase from CNY 41,989,087.57 in the first quarter of 2019, representing an increase of about 203.5%[57] Shareholder Information - The number of shareholders at the end of the reporting period was 41,274[15] - The largest shareholder, Jiangsu Hengshun Group Co., Ltd., holds 44.63% of the shares[15] Expenses and Income - Financial expenses decreased by 45.98% to ¥1,063,955.91 due to reduced bank interest[24] - Investment income turned negative at -¥130,611.01, a decline of 101.69% compared to the previous year[24] - Operating expenses surged by 248.31% to ¥3,789,558.75, primarily due to increased donations[24] - Research and development expenses increased to $13.48 million in Q1 2020 from $12.50 million in Q1 2019, a rise of 7.8%[47] - Sales expenses decreased significantly to $58.13 million in Q1 2020 from $77.11 million in Q1 2019, a decline of 24.6%[47] Cash and Cash Equivalents - Cash and cash equivalents decreased to ¥82,293,600.59 from ¥174,144,396.45, a decline of about 52.7% year-over-year[41] - The ending balance of cash and cash equivalents was CNY 169,912,218.87, slightly down from CNY 170,927,357.26 in the previous year[59] - The cash and cash equivalents at the end of the period totaled $82.29 million, a decrease from $174.14 million at the beginning of the period[61] Borrowings - Short-term borrowings increased significantly by 451.59% to CNY 154,523,144.26[21] - Cash received from bank loans increased significantly by 7000.00% to ¥142,000,000.00, highlighting a substantial rise in borrowing[25] - The company received cash from borrowings amounting to $140 million[61] - The company paid $7.5 million in debt repayments during the period[61] Other Financial Metrics - The weighted average return on equity decreased by 0.22 percentage points to 3.32%[12] - Earnings per share for Q1 2020 was $0.0969, up from $0.0934 in Q1 2019, indicating a growth of 3.8%[49] - The company reported a basic earnings per share of CNY 0.12 for the first quarter of 2020, compared to CNY 0.11 in the same period of 2019[54]