中国海防(600764) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 52.08% to CNY 307,705,038.50 compared to the same period last year[12]. - Net profit attributable to shareholders was a loss of CNY 32,266,980.79, a decline of 236.46% year-over-year[12]. - The company reported a decrease in gross profit of CNY 127,078,200 due to a significant drop in revenue[15]. - Basic and diluted earnings per share were both CNY -0.0472, a decrease of 221.65% compared to the previous year[12]. - The company reported a net profit of -32,266,980.79 CNY for the current period, compared to a net profit of 25,339,752.77 CNY in the previous period, indicating a significant decline[47]. - The total profit before tax was -31,664,120.88 CNY, compared to 33,579,097.38 CNY in the previous period, reflecting a drastic decline in profitability[47]. - The total comprehensive income for the current period was -32,186,829.14 CNY, contrasting with 25,339,752.77 CNY in the previous period, highlighting a substantial overall loss[49]. Assets and Liabilities - Total assets increased by 15.40% to CNY 8,868,442,895.67 compared to the end of the previous year[12]. - Total liabilities decreased to RMB 2,363,995,151.79 from RMB 3,249,744,525.56 year-over-year[36]. - Total assets reached RMB 8,868,442,895.67, an increase from RMB 7,684,803,921.38 at the end of 2019[36]. - Total liabilities amounted to CNY 57,976,577.15, down from CNY 868,826,135.93 in the previous period, indicating a significant reduction in liabilities[43]. - Shareholders' equity totaled CNY 6,999,829,507.48, up from CNY 4,888,496,697.67, marking an increase of approximately 43.2%[43]. - The company reported a significant increase in contract liabilities, rising by approximately $241.24 million[62]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 151,716,593.52, an improvement from the previous year's outflow of CNY 193,162,374.32[12]. - The company generated cash inflows from operating activities amounting to 472,642,240.22 CNY, down from 568,077,022.56 CNY in the same period last year, indicating a decline in cash generation[54]. - The net cash flow from operating activities was -151,716,593.52 RMB, an improvement from -193,162,374.32 RMB in the previous period, indicating a reduction in cash outflow[56]. - Total cash inflow from financing activities amounted to 2,133,002,996.48 RMB, significantly higher than 10,000,000.00 RMB in the previous period[58]. - Cash and cash equivalents increased by 63.56% to CNY 2,784,932,808.52 from CNY 1,702,668,903.48 at the end of 2019[23]. Operational Challenges - The company faced operational challenges due to COVID-19, leading to delays in production and project timelines[15]. - The company is actively working to recover production and project schedules as the pandemic situation improves[15]. Shareholder Information - The number of shareholders at the end of the reporting period was 13,273[22]. - The largest shareholder, China Shipbuilding Industry Group Co., Ltd., holds 329,032,461 shares, accounting for 46.30% of total shares[22]. Research and Development - R&D expenses for the first quarter of 2020 decreased by 32.75% to CNY 40,991,211.95 compared to CNY 60,957,113.50 in the previous year[23]. - Research and development expenses were reported at 40,991,211.95 CNY, down from 60,957,113.50 CNY, showing a reduction in investment in innovation[47]. Tax and Other Income - Other income increased by 167.66% to CNY 13,251,753.27 compared to CNY 4,951,038.93 in the previous year, mainly due to government subsidies related to military projects[23]. - The company’s tax expenses decreased significantly by 92.19% to CNY 5,800,762.92 from CNY 74,313,915.90, attributed to a decline in operating income due to the pandemic[23]. - The company received tax refunds amounting to RMB 5,349,895.44, reflecting a 237.12% increase compared to the previous year[26].