中储股份(600787) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 25.45% to CNY 7,400,974,550.26 year-on-year[12] - Net profit attributable to shareholders increased by 28.48% to CNY 36,800,870.79 compared to the same period last year[12] - Net profit attributable to shareholders after deducting non-recurring gains and losses rose by 102.67% to CNY 32,836,382.70 year-on-year[12] - Basic earnings per share increased by 30.77% to CNY 0.0170 compared to the same period last year[12] - Total operating revenue for Q1 2020 was $7.40 billion, a decrease of 25.5% compared to $9.93 billion in Q1 2019[43] - Net profit for Q1 2020 was $10.44 million, down 53.6% from $22.51 million in Q1 2019[45] - Operating profit for Q1 2020 was $14.74 million, a decline of 25.1% from $19.63 million in Q1 2019[43] - The basic earnings per share for Q1 2020 was $0.0170, an increase from $0.0130 in Q1 2019[45] - The company reported a total comprehensive income of $11.27 million for Q1 2020, down from $15.38 million in Q1 2019[45] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 1,330,026,022.68, worsening from a net outflow of CNY 693,024,114.76 in the previous year[12] - Cash inflow from operating activities was CNY 10.21 billion, down from CNY 12.00 billion year-over-year, indicating a decline of about 14.9%[54] - The net cash flow from operating activities was negative CNY 1.33 billion, compared to negative CNY 693 million in the first quarter of 2019, reflecting a worsening cash flow situation[54] - Cash inflow from financing activities was CNY 3.77 billion, significantly higher than CNY 477 million in the previous year, showing a strong increase in financing[54] - The net cash flow from financing activities was CNY 2.64 billion, compared to negative CNY 2.06 billion in the same quarter of 2019, indicating a positive shift in financing[54] - The ending balance of cash and cash equivalents was CNY 2.53 billion, an increase from CNY 1.87 billion at the end of the first quarter of 2019[56] - The company received CNY 9.38 billion in cash from sales of goods and services, down from CNY 11.30 billion in the previous year, reflecting a decline of approximately 17%[54] - The company paid CNY 10.08 billion for goods and services, a decrease from CNY 11.44 billion in the same period last year, indicating a reduction in operational costs[54] Assets and Liabilities - Total assets increased by 15.81% to CNY 23,565,681,687.19 compared to the end of the previous year[12] - Total liabilities rose to CNY 8,711,433,126.93, compared to CNY 6,255,663,359.60, marking an increase of about 39.26%[39] - Current liabilities totaled CNY 9,351,174,938.68, up from CNY 6,181,887,254.75, indicating a significant rise in short-term obligations[31] - Total assets increased to CNY 19,221,940,318.26, up from CNY 16,718,131,708.96, representing a growth of approximately 8.99%[39] - Current assets totaled CNY 9,921,314,993.59, an increase from CNY 7,504,721,263.81, reflecting a growth of approximately 32.27%[37] - Total equity rose to CNY 10,510,507,191.33 from CNY 10,462,468,349.36, reflecting a slight increase of approximately 0.46%[39] Inventory and Prepayments - Inventory rose to ¥2,057,713,507.47, a 72.56% increase from ¥1,192,458,987.73, mainly due to slower inventory turnover during the reporting period[21] - Prepayments increased to ¥1,300,173,474.67, up 49.48% from ¥869,794,684.95, primarily due to extended procurement cycles affected by the pandemic[21] - The total inventory is reported at RMB 408,445,417.46, which is crucial for assessing operational efficiency[67] Investment and Financing - The company issued short-term financing bonds, resulting in a 56.27% increase in cash and cash equivalents to CNY 2,924,725,358.36[18] - Cash received from borrowings amounted to ¥3,731,965,609.75, a significant increase of 1,120.38% from ¥305,803,671.82, due to the issuance of short-term financing bonds[21] - Long-term borrowings remained stable at CNY 75,200,000.00, unchanged from the previous period[39] - The company has short-term borrowings of RMB 423,172,156.90 and long-term borrowings of RMB 75,200,000.00, reflecting its financing strategy[69] Shareholder Information - The number of shareholders reached 59,794 by the end of the reporting period[14] - The company has a total of 3,675,338,109.51 CNY in capital reserves, indicating strong retained earnings[63] Changes in Expenses - Cash paid for employee compensation decreased by 53.45% to ¥66,046,430.89 from ¥141,891,896.31, due to the payment of performance bonuses accrued from the previous year[21] - Cash paid for dividends and interest dropped by 81.26% to ¥17,463,620.42 from ¥93,213,588.73, as fewer debts matured compared to the previous year[21] - Research and development expenses decreased to $194,300.30 in Q1 2020 from $419,921.31 in Q1 2019, a reduction of 53.8%[43] - Financial expenses for Q1 2020 were $48.15 million, down 21.1% from $61.13 million in Q1 2019[43] - The company experienced a significant reduction in sales expenses, which fell to $68.34 million in Q1 2020 from $89.74 million in Q1 2019, a decrease of 23.9%[43]