四方股份(601126) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was ¥336,116,771.38, representing a significant decrease of 39.21% year-on-year[10] - Net profit attributable to shareholders was a loss of ¥61,049,395.54, compared to a loss of ¥23,390,190.58 in the same period last year[10] - Revenue decreased by 39.21% compared to the same period last year, primarily due to delays in contract delivery caused by the COVID-19 pandemic[21] - Operating costs decreased by 40.81% year-on-year, attributed to stable gross profit margins despite a decline in revenue[21] - The company reported a net profit of RMB 40,291,063.48 for Q1 2020, compared to RMB 16,629,705.17 in Q1 2019[42] - Total operating revenue for Q1 2020 was RMB 336,116,771.38, a decrease of 39.3% compared to RMB 552,919,926.24 in Q1 2019[37] - Net profit for Q1 2020 was a loss of RMB 61,854,689.98, compared to a loss of RMB 27,732,941.26 in Q1 2019[38] - Total comprehensive income for Q1 2020 was a loss of RMB 61,953,849.19, compared to a loss of RMB 27,775,955.02 in Q1 2019[38] Cash Flow - The net cash flow from operating activities decreased by 58.05% to ¥105,975,726.39 compared to the previous year[10] - Cash flow from operating activities generated a net cash inflow of CNY 105,975,726.39 in Q1 2020, down from CNY 252,600,780.59 in Q1 2019, indicating a decrease of approximately 58%[47] - Cash inflow from sales of goods and services was CNY 719,391,886.12 in Q1 2020, a decline of 29.6% compared to CNY 1,021,525,219.85 in Q1 2019[45] - Cash outflow for operating activities totaled CNY 666,235,507.99 in Q1 2020, down from CNY 827,039,542.08 in Q1 2019, reflecting a decrease of about 19.4%[47] - Cash flow from investing activities resulted in a net outflow of CNY 3,637,390.25 in Q1 2020, contrasting with a net inflow of CNY 145,787,413.91 in Q1 2019[47] - Cash flow from financing activities showed a net outflow of CNY 26,849,763.47 in Q1 2020, compared to a net outflow of CNY 178,639,002.39 in Q1 2019, indicating a reduction in cash outflow[47] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,852,703,911.60, a slight increase of 0.34% compared to the end of the previous year[10] - Total current assets increased to CNY 4,789,865,381.95, compared to CNY 4,744,164,077.65 at the end of the previous year[26] - Total liabilities increased to ¥2,047,880,693.91 from ¥1,939,782,272.39, representing a growth of approximately 5.4%[30] - Current liabilities totaled ¥965,943,514.86, up from ¥905,784,318.07, indicating an increase of about 6.6%[33] - Total assets amounted to CNY 5,832,954,421.24 as of the end of the first quarter of 2020[54] - The total liabilities amounted to CNY 1,939,782,272.39, with current liabilities accounting for CNY 1,900,001,247.63[54] Shareholder Information - The number of shareholders at the end of the reporting period was 25,610[14] - The largest shareholder, Sifang Electric (Group) Co., Ltd., held 366,929,706 shares, accounting for 45.12% of the total shares[14] - Total equity attributable to shareholders decreased to ¥3,829,945,693.17 from ¥3,917,489,329.89, a decline of about 2.2%[30] Expenses - The weighted average return on net assets was -1.58%, a decrease of 0.99 percentage points from -0.59% in the previous year[10] - Sales expenses decreased by 34.54%, as marketing activities slowed down due to the pandemic[21] - Research and development expenses for Q1 2020 were RMB 84,554,355.88, a decrease of 15.5% from RMB 100,072,560.38 in Q1 2019[37] - Income tax expenses increased by 156.20%, driven by higher taxable profits for the parent company[21] Other Financial Metrics - Investment income improved by 1,371,433.31, reflecting reduced losses from joint ventures[21] - Credit impairment losses decreased by 78.19%, due to a reduction in expected credit loss provisions for accounts receivable[21] - The company reported a significant drop in prepayments, which decreased by 100% to ¥0[15] - Asset disposal income increased by 312.85%, resulting from changes in fixed asset disposal gains[21]