航天动力(600343) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue fell by 44.78% to CNY 195,516,238.85 year-on-year[8] - Net profit attributable to shareholders was CNY -15,662,563.68, a decrease of 548.15% compared to the same period last year[8] - Basic earnings per share dropped by 545.45% to CNY -0.0245[10] - The company's total revenue for the current period was ¥195,516,238.85, a decrease of ¥158,576,265.46 or 44.78% compared to the same period last year[16] - The net profit for the current period was -¥17,461,419.75, a decline of ¥21,534,901.70 or 528.66% compared to the same period last year[18] - The company's total profit (loss) for the current period was -¥17,420,272.11, a decrease of ¥22,212,889.90 or 463.48% year-over-year[18] - Q1 2020 net profit was a loss of CNY 8.94 million, compared to a profit of CNY 2.55 million in Q1 2019[46] - Q1 2020 operating revenue was CNY 106.35 million, a decrease of 47.3% compared to CNY 201.78 million in Q1 2019[46] Assets and Liabilities - Total assets decreased by 11.95% to CNY 4,030,338,100.07 compared to the end of the previous year[8] - The total liabilities decreased by ¥433,262,827.91 or 54.34% in accounts payable, now standing at ¥364,001,806.10[16] - Total liabilities decreased from ¥1,991,494,620.25 to ¥1,507,007,154.89, a reduction of about 24%[32] - Current liabilities decreased from ¥1,898,906,445.37 to ¥1,415,284,538.61, a reduction of about 25%[32] - Non-current liabilities totaled ¥91,722,616.28, slightly down from ¥92,588,174.88, indicating a marginal decrease[32] - The company reported a significant reduction in accounts receivable, with a decrease of ¥471,709,223.05 or 64.73% to ¥257,002,650.90[14] - Accounts receivable increased significantly from ¥265,021,633.58 to ¥343,286,693.56, an increase of about 29%[36] - Total equity reached approximately $2.59 billion, with total assets amounting to approximately $4.58 billion[57] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -96,633,120.97, an improvement from CNY -106,912,179.09 in the previous year[8] - Cash received from sales increased by 79.95% to 613,401,137.52 CNY compared to the same period last year, indicating improved cash flow from sales[20] - Cash flow from financing activities showed a decrease in borrowed funds, down 94.24% to 30,000,000.00 CNY compared to the previous year[21] - Q1 2020 cash flow from operating activities showed a net outflow of CNY 96.63 million, an improvement from a net outflow of CNY 106.91 million in Q1 2019[50] - Cash inflow from operating activities for Q1 2020 was approximately $511.18 million, a significant increase from $242.96 million in Q1 2019, representing a growth of 110.5%[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 80,193[11] - The largest shareholder, Xi'an Aerospace Technology Industry Co., Ltd., held 28.78% of the shares[11] - The company reported a total of 183,663,392 circulating shares held by the top ten shareholders[11] Expenses - Operating costs decreased to ¥170,941,593.42, down by ¥130,069,425.34 or 43.21% year-over-year, reflecting reduced sales revenue[16] - Research and development expenses were ¥6,665,669.06, a decrease of ¥3,067,530.88 or 31.52% compared to the previous year[18] - Financial expenses decreased by ¥1,285,599.35 or 31.49% to ¥2,796,945.22 due to reduced borrowings[18] - Q1 2020 R&D expenses were CNY 1.42 million, down 32.4% from CNY 2.10 million in Q1 2019[46] Legal and Regulatory - The company has initiated legal proceedings involving a subsidiary, with a claim amounting to 88,751,303.58 CNY being frozen by the court[22] - The company has implemented new revenue and lease accounting standards starting from 2020, which may impact future financial reporting[54] - The company has implemented the new revenue recognition standards effective January 1, 2020, which resulted in the reclassification of advance receipts to contract liabilities[60]