中航机载(600372) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 74,889,851.57, a significant recovery from a loss of CNY 37,449,975.84 in the same period last year[4] - Operating revenue decreased by 2.62% to CNY 1,229,482,506.50 compared to CNY 1,262,523,941.65 in the previous year[4] - Basic earnings per share improved to CNY 0.0426 from a loss of CNY -0.0213 in the same period last year[4] - The weighted average return on equity was 0.95%, recovering from -0.49% in the previous year[4] - Total operating revenue for Q1 2020 was CNY 1,229,482,506.50, a decrease of 2.6% compared to CNY 1,262,523,941.65 in Q1 2019[25] - Net profit for Q1 2020 reached CNY 76,674,307.21, a significant recovery from a net loss of CNY 35,597,113.47 in Q1 2019[26] - Basic earnings per share for Q1 2020 were CNY 0.0426, compared to a loss per share of CNY 0.0213 in Q1 2019[27] Cash Flow - Net cash flow from operating activities was negative at CNY -335,990,177.55, worsening from CNY -176,390,062.35 year-on-year[4] - The net cash flow from operating activities was -335,990,177.55 RMB, worsening from -176,390,062.35 RMB in the same period last year[31] - Cash inflow from operating activities totaled 1,033,107,120.60 RMB in Q1 2020, down 19.6% from 1,286,809,889.31 RMB in Q1 2019[31] - The company reported a net cash inflow from financing activities of 805,952,136.60 RMB, compared to a net outflow of -88,074,030.63 RMB in Q1 2019[32] - The net cash flow from investment activities was ¥70,805,606.28 in Q1 2020, a recovery from -¥133,227,541.93 in Q1 2019[66] Assets and Liabilities - Total assets increased by 2.92% to CNY 23,358,918,359.74 compared to the end of the previous year[4] - The total liabilities decreased from RMB 10,000,000,000 to RMB 9,500,000,000, showing a reduction of 5%[18] - Total liabilities reached ¥15,067,285,990.69, up from ¥14,474,424,557.90, which is an increase of approximately 4.1%[20] - Non-current liabilities rose to ¥3,844,046,818.46 from ¥3,113,208,176.39, marking an increase of about 23.5%[20] - Current liabilities decreased slightly to ¥11,223,239,172.23 from ¥11,361,216,381.51, a reduction of approximately 1.22%[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 50,594[8] - The largest shareholder, China Aviation Technology Industry Company, held 43.21% of the shares[8] - The top two shareholders held a combined 61.20% of the shares, with China Aviation Technology Industry Company Limited holding 43.21%[43] Company Strategy and Operations - The company is focusing on expanding its market presence and enhancing its product development strategies[9] - The company plans to utilize the repurchased shares for employee stock ownership plans or convertible bond conversions[16] - The company has not reported any significant changes in net profit expectations for the upcoming reporting period[51] Research and Development - Research and development expenses for Q1 2020 were CNY 87,144,017.35, a slight decrease from CNY 88,151,195.58 in Q1 2019[26] - Research and development expenses for Q1 2020 were ¥87,144,017.35, slightly down from ¥88,151,195.58 in Q1 2019[61] Inventory and Receivables - The inventory increased from RMB 3,961,812,707.33 to RMB 4,319,479,536.61, reflecting a growth of about 9.05%[18] - The company reported a decrease in other receivables from RMB 387,001,055.51 to RMB 168,704,403.50, a decline of approximately 56.4%[18] - Other receivables dropped significantly to ¥190,221,440.59 from ¥419,519,045.45, a decrease of approximately 54.7%[23] Convertible Bonds - The company issued 2,400 million convertible bonds with a total value of RMB 2.4 billion, which began trading on January 15, 2018[12] - As of the report date, 40,000 bonds were converted into 2,817 shares, bringing the total converted shares to 362,783, which is 0.02062% of the total shares issued prior to conversion[14] - The cumulative number of shares converted from the convertible bonds reached 362,783, accounting for 0.02062% of the total shares before conversion[49]