亚星化学(600319) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 95.67% to CNY 22,585,373.16 year-on-year[6] - Net profit attributable to shareholders decreased by 158.88% to a loss of CNY 7,488,678.88 compared to the same period last year[6] - Net cash flow from operating activities decreased by 134.53% to a negative CNY 30,749,966.32[6] - Basic and diluted earnings per share both decreased by 150% to -CNY 0.02[6] - The company reported a net loss of ¥1,162,046,111.00, slightly worsening from a loss of ¥1,154,557,432.12 in the previous year[25] - Total operating revenue for Q1 2020 was ¥22,585,373.16, a decrease of 95.66% compared to ¥521,056,200.09 in Q1 2019[30] - Net profit for Q1 2020 was a loss of ¥7,488,678.88, compared to a profit of ¥12,719,124.88 in Q1 2019, indicating a significant decline[31] - Basic earnings per share for Q1 2020 was -¥0.02, compared to ¥0.04 in Q1 2019[33] Assets and Liabilities - Total assets increased by 24.57% to CNY 1,620,868,980.32 compared to the end of the previous year[6] - The company's trading financial assets increased dramatically by 7,944.30% to ¥160,177,396.57 from ¥1,991,191.23 at the beginning of the period[14] - Total liabilities rose to ¥1,563,774,752.09 from ¥1,236,548,793.69, reflecting an increase of approximately 26.4%[24] - Long-term payables increased by 275.00% to ¥600,000,000.00 from ¥160,000,000.00, attributed to government compensation for relocation[15] - The total equity attributable to shareholders decreased to ¥57,094,228.23 from ¥64,582,907.11, a decline of approximately 11.5%[25] - The company's total liabilities increased to ¥1,562,045,061.08 in Q1 2020 from ¥1,229,574,525.30 in Q1 2019, representing a growth of 27.00%[28] - The total current liabilities decreased to ¥926,148,216.49 from ¥1,036,949,475.51, a reduction of about 10.7%[24] Cash Flow - The company reported a net cash outflow from operating activities of -¥30,749,966.32, a decrease of 134.53% compared to the previous period[15] - In Q1 2020, cash inflow from operating activities was CNY 44,651,846.78, a significant decrease of 85.5% compared to CNY 308,356,915.51 in Q1 2019[34] - The net cash flow from operating activities for Q1 2020 was -CNY 30,749,966.32, contrasting with a positive CNY 89,062,336.80 in Q1 2019[35] - The company reported cash outflow from financing activities of CNY 30,040,022.18 in Q1 2020, compared to CNY 50,934,697.09 in Q1 2019[39] - The net increase in cash and cash equivalents for Q1 2020 was CNY 84,594,965.50, up from CNY 37,827,843.25 in Q1 2019[35] Shareholder Information - The total number of shareholders reached 15,374 at the end of the reporting period[10] - The largest shareholder, Beijing Guangyao Dongfang Commercial Management Co., Ltd., holds 40,000,000 shares, accounting for 12.67% of total shares[10] Operational Challenges - The company has not disclosed major operating data for Q1 2020 due to the complete shutdown of its production facilities since October 31, 2019[4] - The company is currently in a production suspension and relocation phase, predicting a potential cumulative net loss for the year[19] - The company is actively pursuing a major asset restructuring and related financing to support its strategic initiatives[18] Research and Development - The company’s research and development expenses decreased by 60.30% to ¥449,597.31 from ¥1,132,560.39, reflecting reduced operational activities[15] - Research and development expenses for Q1 2020 were ¥449,597.31, down 60.32% from ¥1,132,560.39 in Q1 2019[30] Inventory and Receivables - Accounts receivable decreased by 29.98% to ¥38,038,400.45 from ¥54,325,023.89 due to reduced sales volume following production suspension[15] - Inventory decreased by 20.18% to ¥73,389,549.55 from ¥91,940,446.20 due to sales of finished products during the production halt[15] - Inventory decreased to ¥73,389,549.55 from ¥91,940,446.20, a reduction of about 20.2%[23]