卧龙电驱(600580) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was ¥2,796,691,835.76, representing a decrease of 6.31% year-on-year[11] - Net profit attributable to shareholders was ¥93,546,040.88, down 59.35% from the previous year[11] - Basic earnings per share fell to ¥0.0716, a decline of 59.91% year-on-year[11] - The company reported a total comprehensive income of ¥69,175,752.61 for Q1 2020, significantly lower than ¥228,636,550.28 in Q1 2019[46] - Net profit for Q1 2020 was ¥97,824,926.47, a decline of 58.5% from ¥235,757,524.56 in Q1 2019[44] - Operating profit for Q1 2020 was ¥10.05 million, a decline of 90.9% from ¥110.60 million in Q1 2019[48] Cash Flow - The net cash flow from operating activities improved significantly to ¥63,916,587.66, compared to a negative cash flow of ¥96,410,090.60 in the same period last year[11] - Cash flow from operating activities generated a net amount of ¥63.92 million, compared to a net outflow of ¥96.41 million in Q1 2019[53] - The net cash flow from operating activities was -CNY 83,585,321.41, an improvement from -CNY 453,166,408.09 in the same period last year[58] - The company's cash flow from financing activities generated a net amount of ¥483.94 million, compared to ¥296.54 million in Q1 2019[56] Assets and Liabilities - Total assets at the end of the reporting period reached ¥19,869,479,577.96, an increase of 0.84% compared to the end of the previous year[11] - Total liabilities increased by 30.65% to RMB 32,835,811.44 due to increased payments required by overseas subsidiaries[20] - Total current liabilities included short-term borrowings of CNY 3,154,369,205.96 and accounts payable of CNY 2,548,806,600.47[65] - The total liabilities amounted to CNY 12.37 billion, compared to CNY 12.28 billion, reflecting a growth of about 0.73%[33] - Total liabilities amounted to approximately ¥5.94 billion, while total equity reached about ¥6.48 billion, resulting in a total of ¥12.42 billion for liabilities and equity combined[75] Shareholder Information - The total number of shareholders at the end of the reporting period was 61,193, with the largest shareholder holding 32.49% of the shares[16] - The equity attributable to shareholders increased to CNY 7.06 billion from CNY 6.99 billion, indicating a rise of approximately 1.16%[34] - The company's retained earnings stood at CNY 3,889,950,018.97, indicating a strong profit retention strategy[68] Income and Expenses - The company reported a decrease in employee compensation payable to CNY 171.92 million from CNY 201.24 million, a decline of about 14.51%[33] - R&D expenses increased to ¥78,435,234.72 in Q1 2020, up 33.4% from ¥58,756,404.43 in Q1 2019[42] - Financial expenses decreased to ¥58,880,250.56 in Q1 2020, down from ¥121,387,917.42 in Q1 2019, a reduction of 51.5%[42] Other Financial Metrics - The weighted average return on equity decreased by 2.40 percentage points to 1.33%[11] - Other income rose by 119.95% to RMB 16,059,939.78, primarily due to an increase in government subsidies received[20] - Non-recurring gains and losses included government subsidies amounting to ¥15,586,018.29[14]