金开新能(600821) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the reporting period was 3,027,327.97 RMB, a decrease of 89.85% compared to the same period last year[10]. - Net profit attributable to shareholders of the listed company was -30,021,914.36 RMB, a decrease of 33.34% year-on-year[10]. - Basic earnings per share for the reporting period was -0.07 RMB, down 36.36% from -0.11 RMB in the previous year[10]. - Operating revenue for the first quarter decreased by 89.85% to approximately CNY 3,027,328 compared to CNY 29,826,785 in the same period last year, primarily due to the impact of the pandemic and the adoption of the net method for joint venture income[21]. - Operating profit (loss) for the first quarter was -CNY 30,102,555.37, an improvement from -CNY 45,151,452.63 year-over-year[50]. - Net profit (loss) for the period was -CNY 30,102,175.37, compared to -CNY 45,117,957.63 in the first quarter of 2019[50]. - The company reported a total comprehensive loss of -CNY 30,102,175.37 for the quarter, reflecting ongoing challenges in the market[50]. - The net profit for the first quarter of 2020 was -28,495,527.03 RMB, compared to -43,564,889.66 RMB in the same period of 2019, showing an improvement of approximately 34.6%[56]. Assets and Liabilities - Total assets at the end of the reporting period decreased by 1.16% compared to the end of the previous year, amounting to 1,071,608,178.55 RMB[10]. - Total liabilities amounted to 1,091,678,236.06, an increase from 1,074,143,442.60[35]. - Current liabilities totaled 1,091,100,422.63, up from 1,073,565,629.17[35]. - Non-current liabilities were recorded at 577,813.43, unchanged from the previous period[35]. - The total equity attributable to shareholders was -18,155,555.72, compared to 11,866,358.64 in the previous period[35]. - The company’s retained earnings were -710,317,880.24, compared to -680,295,965.88 previously[35]. - Total cash and cash equivalents at the end of the period were 4,517,965.59 RMB, down from 14,561,013.02 RMB at the end of Q1 2019[62]. Cash Flow - The net cash flow from operating activities was -13,718,711.17 RMB, an improvement from -20,851,869.46 RMB year-over-year[59]. - Cash inflow from operating activities totaled 6,016,080.94 RMB, a decrease of 84.5% from 38,802,742.62 RMB in Q1 2019[59]. - Cash outflow from operating activities was 19,734,792.11 RMB, down from 59,654,612.08 RMB in the previous year, indicating a reduction of 66.9%[59]. - Cash inflow from financing activities was 78,260,000.00 RMB, an increase of 26.2% compared to 62,000,000.00 RMB in Q1 2019[62]. - Cash outflow from financing activities totaled 73,362,042.36 RMB, down from 81,564,630.33 RMB in the same quarter of the previous year, reflecting a decrease of 10.3%[62]. - The net cash flow from financing activities was 4,897,957.64 RMB, compared to -19,564,630.33 RMB in Q1 2019, indicating a significant turnaround[62]. Shareholder Information - The total number of shareholders at the end of the reporting period was 33,047[17]. - The largest shareholder, Tianjin Jincheng State-owned Capital Investment Operation Co., Ltd., held 54,918,156 shares, representing 13.19% of the total shares[17]. Government Support - The company received government subsidies of 167,221.24 RMB related to stable employment support[12]. - Other income increased to CNY 167,221 from CNY 0, marking a 100% change attributed to increased subsidies[21]. Investment and Expenses - Investment income rose to CNY 2,070,290 from a loss of CNY 14,449,605, a significant improvement of 114.33% due to increased profits from associated companies[24]. - Financial expenses increased to CNY 14,732,806.55 from CNY 12,763,320.69 year-over-year, primarily due to higher interest expenses[47]. - Sales expenses were CNY 1,147,055.57, down from CNY 1,876,154.14 in the previous year[47]. - Research and development expenses were not reported for the current quarter, indicating a potential shift in focus[53]. Future Plans - The company plans to continue its asset restructuring and capital raising efforts as approved in previous board meetings[25]. - The company is implementing new revenue and leasing standards starting from 2020, affecting financial reporting[68].