浙江龙盛(600352) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 6.84% to CNY 1.18 billion year-on-year[4] - Operating revenue declined by 11.96% to CNY 4.20 billion compared to the same period last year[4] - Basic earnings per share decreased by 6.48% to CNY 0.3696[4] - The weighted average return on net assets decreased by 1.48 percentage points to 4.68%[4] - The company reported a decrease of 15.62% in net profit after deducting non-recurring gains and losses, totaling CNY 799.97 million[4] - Total operating revenue for Q1 2020 was CNY 4,200,077,352.89, a decrease of 11.93% compared to CNY 4,770,798,854.80 in Q1 2019[19] - Net profit attributable to shareholders for Q1 2020 was CNY 1,175,907,654.17, down from CNY 1,262,192,229.55 in Q1 2019, representing a decline of 6.84%[20] - Operating profit for Q1 2020 was CNY 1,455,933,184.04, slightly down from CNY 1,558,364,136.44 in Q1 2019, a decline of 6.59%[19] - The company reported a net profit of CNY 1,209,003,688.78 for Q1 2020, down from CNY 1,282,849,441.78 in Q1 2019, representing a decrease of 5.73%[20] Assets and Liabilities - Total assets increased by 3.55% to CNY 53.41 billion compared to the end of the previous year[4] - The company’s total assets increased, reflecting a strong financial position and operational performance during the reporting period[9] - As of March 31, 2020, the total current assets amounted to CNY 36.56 billion, an increase of 5.16% from CNY 34.76 billion on December 31, 2019[13] - The total liabilities increased to CNY 25.50 billion, compared to CNY 24.76 billion, reflecting a growth of 2.98%[15] - The total equity attributable to shareholders reached CNY 25.64 billion, an increase of 4.49% from CNY 24.54 billion[15] - The company’s total current assets reached CNY 7,656,537,732.81, while total non-current assets were CNY 10,127,409,171.66, leading to a total asset figure of CNY 17,783,946,904.47[31] - Total liabilities amounted to CNY 24,764,256,017.13, with total equity at CNY 26,819,665,393.72, resulting in total assets of CNY 51,583,921,410.85[30] - The total non-current liabilities were CNY 13,938,398,757.36, indicating a substantial long-term financial commitment[30] Cash Flow - Net cash flow from operating activities increased by 1.80% to CNY 1.04 billion year-on-year[4] - Cash and cash equivalents increased by 46.38% to ¥5,924,123,907.23 from ¥4,047,131,577.49 due to increased cash generated from sales profits[9] - The company reported a net cash flow from financing activities of ¥734,828,564.21, a significant recovery from a negative cash flow of -¥1,094,712,219.89 in the previous year[11] - Cash flow from operating activities was CNY 1.04 billion, slightly up from CNY 1.02 billion in Q1 2019[23] - The net cash flow from financing activities was -65,424,842.67 RMB, an improvement from -1,577,448,485.16 RMB in Q1 2019[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 218,379[7] - The largest shareholder, 阮水龙, holds 11.98% of the shares[7] Government Support - The company received government subsidies amounting to CNY 460.23 million during the period[5] Other Income and Expenses - Other income surged by 3869.62% to ¥439,819,781.75 from ¥11,079,658.12, attributed to subsidies received for supporting leading enterprises in the chemical industry[10] - Research and development expenses for Q1 2020 were CNY 148,418,931.38, down 15.19% from CNY 174,890,793.30 in Q1 2019[19] - Financial expenses decreased to CNY 54.80 million, down 31.2% from CNY 79.70 million in Q1 2019[21] - The company reported a significant increase in other income to CNY 402.57 million, compared to CNY 0.37 million in Q1 2019[21] - The company’s investment income rose to CNY 57.95 million, up 61.0% from CNY 35.97 million in Q1 2019[21]