三友化工(600409) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 22.37% to CNY 4.02 billion year-on-year[11] - Net profit attributable to shareholders was a loss of CNY 212.92 million, a decline of 210.81% compared to the previous year[11] - Basic and diluted earnings per share were both CNY -0.1031, a decrease of 210.74% year-on-year[11] - The net profit attributable to shareholders of the parent company was a loss of ¥212,922,289.26, a decline of 210.81% compared to the previous profit of ¥192,150,470.27[22] - The net profit for Q1 2020 was a loss of ¥228,955,717.57, contrasting with a profit of ¥221,929,694.55 in Q1 2019[44] - The net profit for Q1 2020 was a loss of ¥60,826,142.46, compared to a profit of ¥106,538,799.79 in Q1 2019, indicating a significant decline[48] - The operating profit for Q1 2020 was a loss of ¥294,636,473.86, compared to a profit of ¥277,891,642.80 in Q1 2019[44] - The company's operating profit for Q1 2020 was -¥72,806,678.76, down from ¥146,514,804.34 in Q1 2019[48] Assets and Liabilities - Total assets increased by 3.49% to CNY 25.67 billion compared to the end of the previous year[11] - Total assets increased to CNY 25.67 billion from CNY 24.80 billion, representing a growth of approximately 3.5% year-over-year[32] - Non-current liabilities rose to CNY 3.54 billion, up from CNY 2.91 billion, indicating an increase of about 21.5%[34] - Total liabilities increased to CNY 13.85 billion from CNY 12.76 billion, reflecting a growth of approximately 8.5%[34] - The company's retained earnings decreased to CNY 4.91 billion from CNY 5.12 billion, a decline of approximately 4.1%[34] - The total equity attributable to shareholders decreased to CNY 11.05 billion from CNY 11.26 billion, reflecting a decrease of about 1.9%[34] - Current liabilities reached approximately $9.85 billion, including short-term borrowings of about $3.16 billion[59] - Total liabilities amounted to approximately $5.35 billion, with current liabilities at $3.23 billion and non-current liabilities at $2.12 billion[67] Cash Flow - Cash flow from operating activities decreased by 18.26% to CNY 186.61 million[11] - The cash flow from operating activities showed a decrease in tax refunds received, down 53.63% to ¥17,802,798.50[23] - The net cash flow from operating activities was ¥186,608,606.84, a decrease of 18.3% compared to ¥228,298,325.84 in the previous year[51] - Total cash inflow from operating activities was ¥2,750,202,942.55, while cash outflow was ¥2,563,594,335.71, resulting in a net cash flow of ¥186,608,606.84[51] - Cash inflow from investment activities totaled ¥1,169,468.96, with cash outflow of ¥17,519,144.71, leading to a net cash flow of -¥16,349,675.75, a decrease from -¥22,732,448.81 in the previous year[51] - Cash inflow from financing activities was ¥2,412,423,543.07, while cash outflow was ¥1,530,023,176.50, resulting in a net cash flow of ¥882,400,366.57, slightly up from ¥875,619,434.33 in the previous year[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 87,775[13] - Shareholders' equity totaled approximately $12.04 billion, with retained earnings of about $5.12 billion[59] - The total equity reached approximately $7.70 billion, with paid-in capital of $2.06 billion and retained earnings of approximately $1.70 billion[67] Research and Development - The company plans to increase R&D efforts, leading to a substantial rise in R&D expenses by 228.43%[22] - Research and development expenses increased to ¥30,016,429.15 in Q1 2020, compared to ¥9,139,341.92 in Q1 2019, marking a significant rise of 228.5%[44] - Research and development expenses increased to ¥6,529,610.03 in Q1 2020, up from ¥2,307,755.10 in Q1 2019, reflecting a focus on innovation[46] Government Subsidies and Other Income - The company recognized government subsidies of CNY 15.26 million related to normal business operations[11] - Other income surged by 213.19%, amounting to ¥14,605,840.38 from ¥4,663,558.12[22] Financial Expenses - Financial expenses rose to ¥91,649,286.97, a 39.23% increase compared to the previous period[22] - The financial expenses for Q1 2020 were ¥91,649,286.97, up from ¥65,828,139.81 in Q1 2019, reflecting an increase of 39.2%[44]