方大炭素(600516) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥77,863,815.31, a decrease of 89.08% year-on-year[5] - Operating revenue for the quarter was ¥821,312,958.57, down 54.40% from the same period last year[5] - Basic earnings per share decreased by 92.75% to ¥0.0286 from ¥0.3946 in the previous year[5] - The company's total revenue for Q1 2020 was ¥821,312,958.57, a decrease of 54.40% compared to ¥1,801,003,212.57 in Q1 2019, primarily due to a decline in product prices[10] - Operating profit for Q1 2020 was ¥124,551,029.60, down from ¥858,532,101.28 in Q1 2019, representing a decline of 85.5%[25] - Net profit for Q1 2020 was ¥65,373,296.13, compared to ¥739,893,703.03 in Q1 2019, a decrease of 91.2%[26] - Gross profit for Q1 2020 was CNY 173.41 million, resulting in a gross margin of 29.6%[27] - Net profit for Q1 2020 was CNY 108.39 million, down 79.3% from CNY 522.71 million in Q1 2019[28] Cash Flow - Net cash flow from operating activities was -¥104,159,607.53, a decline of 105.12% compared to the previous year[5] - The company's net cash flow from operating activities for Q1 2020 was CNY 96,571,166.39, down 94.5% from CNY 1,753,076,335.85 in the same period last year[33] - Cash flow from operating activities showed a net outflow of CNY 104.16 million, compared to an inflow of CNY 2,035.59 million in Q1 2019[31] - The company reported a net cash flow from financing activities of ¥386,041,983.79, an increase of 156.48% compared to ¥150,513,812.76 in Q1 2019, primarily due to increased financing[11] - The net cash flow from financing activities in Q1 2020 was CNY 187,936,987.92, up 97.6% from CNY 95,198,750.00 in the same quarter last year[34] Assets and Liabilities - Total assets at the end of the reporting period reached ¥18,768,950,280.93, an increase of 1.58% compared to the previous year[5] - Total current assets as of March 31, 2020, amounted to CNY 14,527,035,595.01, an increase from CNY 14,235,329,599.24 as of December 31, 2019, representing a growth of approximately 2.05%[19] - Total liabilities as of March 31, 2020, were CNY 2,834,269,393.40, compared to CNY 2,608,718,288.09 as of December 31, 2019, indicating an increase of about 8.6%[20] - Total assets increased to ¥15,819,250,420.24 in Q1 2020 from ¥15,387,644,912.25 in Q1 2019, an increase of 2.8%[23] - Total liabilities rose to ¥3,960,134,547.74 in Q1 2020, compared to ¥3,639,282,495.33 in Q1 2019, an increase of 8.8%[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 233,777[7] - The largest shareholder, Liaoning Fangda Group, holds 40.05% of the shares, amounting to 1,088,866,658 shares[8] Research and Development - The company's R&D expenses for Q1 2020 were ¥87,291,616.49, a decrease of 41.04% from ¥148,040,912.33 in Q1 2019, mainly due to increased investment in R&D[11] - Research and development expenses for Q1 2020 were ¥15,070,474.03, up from ¥7,977,119.56 in Q1 2019, an increase of 88.5%[24] Investment Activities - The company plans to invest $50 million (approximately ¥34.5 million) to acquire a 46.73% stake in a joint venture with Coal Chemical Co., aiming to gain full control over the target company[12] - The company reported a significant decrease in cash inflow from other operating activities, which was CNY 433,620,741.36 in Q1 2020 compared to CNY 261,944,924.50 in Q1 2019, reflecting a 65.4% increase[33] Other Financial Metrics - The weighted average return on net assets fell by 4.97 percentage points to 0.52%[5] - The company reported non-recurring gains and losses totaling -¥67,113,819.45 for the quarter[6] - The company's gross profit margin decreased significantly, with operating costs dropping by 31.27% to ¥590,286,826.39 from ¥858,809,725.84, reflecting a reduction in product costs[10]