菲达环保(600526) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue fell by 27.25% to CNY 553,037,699.55 year-on-year[6] - Net profit attributable to shareholders decreased by 59.59% to CNY 8,274,270.65 compared to the same period last year[6] - Total revenue for Q1 2020 decreased by 58.59% to CNY 10,372,722.24 compared to CNY 25,051,380.20 in the same period last year[13] - Net profit for Q1 2020 was CNY 8,963,864.20, down 53.86% from CNY 19,428,947.38 year-on-year[13] - Total operating revenue for Q1 2020 was CNY 391,290,477.20, a significant decrease from CNY 2,268,193,001.88 in Q1 2019, representing a decline of approximately 82.8%[28] - Net profit for Q1 2020 was CNY 8,963,864.20, down from CNY 19,428,947.38 in Q1 2019, reflecting a decrease of about 53.8%[26] - Operating profit for Q1 2020 was CNY 10,741,288.03, compared to CNY 24,563,835.05 in Q1 2019, indicating a decline of approximately 56.4%[26] - Total comprehensive income for Q1 2020 was CNY 8,963,864.20, down from CNY 19,255,871.87 in Q1 2019, reflecting a decrease of approximately 53.3%[27] Cash Flow - The net cash flow from operating activities improved by 42.47%, reaching -CNY 112,828,663.64[6] - Cash flow from operating activities showed a net outflow of CNY 112,828,663.64, an improvement of 42.47% from the previous year's outflow of CNY 196,108,800.13[13] - The net cash flow from operating activities was -112,828,663.64 RMB, compared to -196,108,800.13 RMB in the previous year, indicating an improvement of approximately 42.4%[31] - Total cash inflow from operating activities was 699,714,053.51 RMB, while cash outflow was 812,542,717.15 RMB, resulting in a net cash outflow of 112,828,663.64 RMB[31] - Cash inflow from financing activities was 470,000,000.00 RMB, down from 756,000,000.00 RMB in the previous year, reflecting a decrease of about 37.8%[32] - The net cash flow from financing activities was -27,693,920.38 RMB, compared to -291,846,657.97 RMB in the previous year, showing a significant improvement[32] - The company reported a total cash inflow from investment activities of 14,800.00 RMB, significantly lower than 264,286,599.41 RMB in the previous year[31] - The net cash flow from investment activities was -19,426,560.89 RMB, compared to 239,280,207.57 RMB in the previous year, indicating a decline in investment returns[31] Assets and Liabilities - Total assets decreased by 3.01% to CNY 6,929,559,049.33 compared to the end of the previous year[6] - The company has a total of CNY 4,993,796,043.55 in current assets as of March 31, 2020, down from CNY 5,163,195,592.78 at the end of 2019[18] - Total liabilities decreased from CNY 5,072,649,257.85 at the end of 2019 to CNY 4,848,293,410.15 as of March 31, 2020[20] - Current liabilities totaled CNY 4,455,204,829.98, down from CNY 4,669,994,285.17 at the end of 2019, reflecting a reduction of 4.6%[20] - Non-current liabilities totaled CNY 393,088,580.17, a slight decrease from CNY 402,654,972.68 at the end of 2019[20] - The company's cash and cash equivalents stood at CNY 683,531,141.48, a marginal decrease from CNY 684,808,761.91 at the end of 2019[21] - Inventory decreased from CNY 1,656,080,855.10 at the end of 2019 to CNY 1,398,659,365.21 as of March 31, 2020, indicating a reduction of 15.5%[22] - The company's total equity increased slightly from CNY 2,072,301,774.98 at the end of 2019 to CNY 2,081,265,639.18 as of March 31, 2020[20] Shareholder Information - The number of shareholders reached 40,134 at the end of the reporting period[9] - The largest shareholder, Hangzhou Steel Group Co., Ltd., holds 25.67% of the shares[9] Expenses - R&D expenses decreased by 62.42% to CNY 1,317,344.94 from CNY 3,505,601.83 in the previous year[13] - Sales expenses dropped by 61.07% to CNY 10,355,502.98 compared to CNY 26,599,079.48 in the same period last year[13] - Total operating costs for Q1 2020 were CNY 567,531,747.03, compared to CNY 798,721,625.43 in Q1 2019, a decrease of approximately 29.0%[26] Other Income - Other income increased significantly by 370.16% to CNY 24,591,129.26, primarily due to increased local government financial rewards[13] - Other income for Q1 2020 was CNY 24,591,129.26, significantly higher than CNY 5,230,430.22 in Q1 2019, an increase of approximately 370.5%[26] - Investment income for Q1 2020 was CNY 274,652.12, a sharp decline from CNY 57,772,992.70 in Q1 2019, representing a decrease of about 99.5%[26] Accounting Standards - The company executed new accounting standards for revenue and leasing from January 1, 2020, which did not affect the financial statements for the year[34]