宝胜股份(600973) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 8.50% to CNY 6,440,203,008.61 year-on-year[11] - Net profit attributable to shareholders increased by 6.58% to CNY 43,880,746.55[11] - Basic and diluted earnings per share decreased by 5.88% to CNY 0.032[11] - Total operating revenue for Q1 2020 was CNY 6,440,203,008.61, a decrease of 8.5% compared to CNY 7,038,548,408.48 in Q1 2019[37] - Total operating costs decreased to CNY 6,388,437,606.39 from CNY 6,977,583,171.67, reflecting a reduction of approximately 8.5%[37] - Net profit for Q1 2020 was CNY 49,869,237.40, compared to CNY 48,494,203.58 in Q1 2019, showing a slight increase of 2.8%[40] - The total profit for Q1 2020 was 32,523,482.72 CNY, compared to 43,910,394.29 CNY in Q1 2019, reflecting a decrease of approximately 26%[44] - The net profit for Q1 2020 was 27,644,960.31 CNY, down from 37,323,835.14 CNY in Q1 2019, indicating a decline of about 26%[44] Cash Flow - Net cash flow from operating activities was negative at CNY -905,325,302.82, a decrease of 234.99% compared to the same period last year[11] - The company's cash flow from operating activities decreased by 234.99% to -905,325,302.82 RMB, primarily due to increased raw material purchases and accounts receivable collections[24] - Cash inflow from operating activities in Q1 2020 was 6,530,215,258.25 CNY, compared to 8,354,165,405.05 CNY in Q1 2019, a decrease of approximately 22%[48] - Cash outflow from operating activities totaled 7,435,540,561.07 CNY in Q1 2020, down from 7,683,512,202.10 CNY in Q1 2019, showing a reduction of about 3%[48] - The net cash flow from operating activities for Q1 2020 was -905,325,302.82 CNY, compared to a positive 670,653,202.95 CNY in Q1 2019[48] - Cash inflow from financing activities in Q1 2020 was 5,980,571,464.37 CNY, an increase from 4,091,908,961.56 CNY in Q1 2019, reflecting a growth of approximately 46%[50] - The net cash flow from financing activities for Q1 2020 was 1,455,214,673.61 CNY, compared to 436,332,956.65 CNY in Q1 2019, indicating a significant increase[50] Assets and Liabilities - Total assets increased by 12.87% to CNY 19,165,044,114.31 compared to the end of the previous year[11] - The total assets of the company reached 19,165,044,114.31 RMB, up from 16,979,848,771.81 RMB[27] - Total liabilities increased to approximately $14.08 billion, up from $12.08 billion year-over-year, representing a growth of about 16.6%[30] - Current assets rose to approximately $9.88 billion, compared to $8.36 billion in the previous year, reflecting an increase of about 18.2%[32] - The company's total liabilities included short-term borrowings of 9,721,122,225.14 RMB, up from 8,513,739,529.28 RMB[27] - The total current liabilities reached approximately $10.14 billion, compared to $8.74 billion, reflecting an increase of about 15.9%[35] Shareholder Information - The total number of shareholders reached 29,998 by the end of the reporting period[15] - The largest shareholder, Baosheng Group Co., Ltd., held 31.90% of the shares[15] Income and Expenses - Government subsidies recognized in the current period amounted to CNY 7,989,635.95[11] - Interest income increased by 68.94% to 8,347,984.38 RMB, attributed to a rise in monetary funds compared to the same period last year[24] - Other income surged by 180.78% to 7,989,635.95 RMB, mainly due to an increase in government subsidies related to daily operations[24] - Research and development expenses for Q1 2020 were CNY 71,864,065.54, down from CNY 76,530,400.83 in Q1 2019, indicating a decrease of approximately 6.9%[37] - The company’s financial expenses decreased to CNY 91,497,715.52 from CNY 115,061,676.46, a reduction of about 20.5%[37] - The company’s sales expenses decreased to CNY 73,657,904.78 from CNY 91,629,902.35, a decrease of approximately 19.6%[37] Equity and Capital - Total equity attributable to shareholders increased to approximately $4.12 billion, compared to $3.82 billion, showing a growth of about 7.8%[30] - The company’s capital reserve increased to approximately $1.56 billion from $1.22 billion, representing a growth of about 28%[30] - The total equity attributable to shareholders decreased by CNY 190,382,805.49 in Q1 2020 compared to an increase of CNY 66,064,658.59 in Q1 2019[42] Inventory and Assets Management - The company’s inventory increased to approximately $630.64 million from $567.45 million, indicating a rise of about 11.1%[32] - The company's accounts receivable rose by 64.48% to 1,700,114,919.45 RMB, driven by an increase in collections[24] - The company's deferred income tax assets increased by 61.61% to 160,234,970.36 RMB, resulting from increased temporary differences[24] - Long-term borrowings increased by 88.57% to 1,193,962,951.41 RMB, reflecting a rise in long-term debt[24] - Long-term borrowings increased significantly to approximately $1.19 billion from $633.16 million, indicating a rise of about 88.7%[30] Comprehensive Income - The company reported a comprehensive income total of CNY -187,315,232.21 for Q1 2020, compared to CNY 74,609,455.23 in Q1 2019, reflecting a significant decline[42] - The total comprehensive income for Q1 2020 was -164,014,959.30 CNY, contrasting with 55,542,586.79 CNY in Q1 2019, representing a significant drop[44]