国机汽车(600335) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue fell by 43.96% to CNY 6.52 billion, down from CNY 11.63 billion in the same period last year[10] - Net profit attributable to shareholders dropped by 96.61% to CNY 9.09 million, compared to CNY 268.15 million in the previous year[10] - Basic earnings per share decreased by 96.63% to CNY 0.0062, down from CNY 0.1841 in the same period last year[10] - Total profit decreased by 94% to ¥20.15 million from ¥348.21 million, impacted by lower gross profit and declines in fair value of financial assets[15] - The total profit for Q1 2020 was ¥20,146,392.53, down 94.2% from ¥348,212,195.67 in Q1 2019[39] - The net profit attributable to shareholders of the parent company for Q1 2020 was ¥9,092,639.82, down 96.6% from ¥268,147,527.00 in Q1 2019[41] - The comprehensive income total for Q1 2020 was ¥3,034,836.22, a decrease of 98.8% from ¥254,442,866.90 in Q1 2019[41] Cash Flow - Net cash flow from operating activities was negative at CNY -3.15 billion, a significant decline from CNY -572.29 million in the previous year[10] - In Q1 2020, the company's operating cash flow was -3.15 billion, a significant decline from -572 million in Q1 2019, indicating a worsening cash flow situation[52] - Total cash inflow from operating activities decreased to 8.79 billion in Q1 2020 from 12.92 billion in Q1 2019, reflecting a drop of approximately 32.9%[52] - Cash outflow from operating activities also decreased to 11.93 billion in Q1 2020 from 13.49 billion in Q1 2019, a reduction of about 11.6%[52] - The net cash flow from investing activities was -55.89 million in Q1 2020, an improvement compared to -182.10 million in Q1 2019[53] - Cash inflow from financing activities increased to 3.79 billion in Q1 2020 from 3.52 billion in Q1 2019, showing a growth of approximately 7.6%[53] - The net cash flow from financing activities improved to 1.63 billion in Q1 2020 from -1.06 billion in Q1 2019, indicating a positive shift in financing[53] Assets and Liabilities - Total assets decreased by 9.48% to CNY 34.30 billion compared to the end of the previous year[10] - Total liabilities decreased from ¥27.63 billion to ¥24.02 billion, a reduction of approximately 13.5%[26] - Total equity increased from ¥10.26 billion to ¥10.28 billion, reflecting a growth of about 0.1%[26] - Total current assets increased from ¥4.84 billion to ¥5.20 billion, representing an increase of about 7.4%[31] - Total non-current assets slightly decreased from ¥7.05 billion to ¥7.03 billion, a reduction of about 0.2%[31] - Total assets increased from ¥11.89 billion to ¥12.24 billion, an increase of approximately 2.9%[34] - Total liabilities and equity decreased from ¥37.89 billion to ¥34.30 billion, a reduction of approximately 8.5%[26] Shareholder Information - The largest shareholder, China National Machinery Industry Corporation, holds 70.54% of the shares[12] - The total number of shareholders at the end of the reporting period was 26,089[12] - Total equity attributable to shareholders of the parent company increased from ¥10.13 billion to ¥10.14 billion, a growth of approximately 0.1%[26] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 14.82 million, which are closely related to normal business operations[11] - Other income increased by 287% to ¥14.60 million from ¥3.78 million, due to increased government subsidies received[15] Inventory and Expenses - Inventory decreased by 32% to ¥8.19 billion from ¥12.11 billion due to the impact of new revenue standards[15] - Research and development expenses decreased by 58% to ¥74.67 million from ¥179.30 million, reflecting reduced spending in the current period[15] - Cash paid for fixed asset purchases decreased by 61% to ¥88.40 million from ¥227.96 million, indicating reduced capital expenditures[15] - Tax payable increased by 39% to ¥603.68 million from ¥433.45 million, influenced by new revenue standards[15]