三角轮胎(601163) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥159,747,832.98, reflecting a growth of 5.35% year-on-year[11]. - Operating revenue for the period was ¥1,810,503,018.55, a decrease of 3.82% compared to the same period last year[11]. - Basic earnings per share rose to ¥0.20, representing a 5.26% increase from ¥0.19 in the previous year[11]. - The weighted average return on equity decreased slightly to 1.57%, down 0.03 percentage points from the previous year[11]. - The company reported a significant decrease in financial expenses by 94.23%, from RMB 13,278,873.32 to RMB 765,871.28, attributed to increased exchange gains[18]. - Investment income rose by 175.61% from RMB 17,141,346.69 to RMB 47,242,568.82, primarily due to increased returns from financial products[18]. - The total profit for Q1 2020 was CNY 138,189,272.63, up from CNY 131,606,356.39 in Q1 2019, representing a growth of 5%[47]. - Net profit for Q1 2020 reached CNY 117,086,996.03, an increase of 8.1% compared to CNY 108,365,483.69 in Q1 2019[47]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥15,278,589,049.30, an increase of 1.35% compared to the end of the previous year[11]. - The total assets increased from RMB 15,075,055,381.98 to RMB 15,278,589,049.30, reflecting a growth in overall financial health[26]. - Total liabilities amounted to CNY 5,127,430,281.77, compared to CNY 5,027,435,261.07, reflecting a rise of about 2%[37]. - Total current liabilities were ¥4,548,770,010.68, with short-term borrowings of ¥644,847,424.82[59]. - The company has a short-term loan of approximately $644.75 million[65]. - The company has accounts payable amounting to approximately $2.19 billion[65]. Cash Flow - Net cash flow from operating activities increased significantly to ¥278,383,344.14, up 209.69% year-on-year[11]. - The net cash flow from operating activities increased by 209.69% from RMB 89,889,666.46 to RMB 278,383,344.14, mainly due to an increase in cash received from sales of goods[20]. - Cash inflow from sales of goods and services in Q1 2020 was CNY 1,399,472,575.12, up from CNY 1,138,728,547.07 in Q1 2019, reflecting a growth of about 22.9%[50]. - Total cash inflow from investment activities in Q1 2020 was CNY 2,008,654,396.33, compared to CNY 1,701,004,461.81 in Q1 2019, representing a growth of approximately 18.06%[52]. - Net cash flow from financing activities for Q1 2020 was CNY 28,249,101.37, a turnaround from a negative cash flow of CNY 15,917,399.79 in Q1 2019[52]. Shareholder Information - The total number of shareholders at the end of the reporting period was 57,638[14]. - The largest shareholder, Triangle Group Co., Ltd., held 454,739,750 shares, accounting for 56.84% of the total shares[14]. - Total equity attributable to shareholders increased to CNY 9,794,983,137.42 from CNY 9,676,379,129.98, reflecting a growth of about 1.2%[37]. Research and Development - Research and development expenses surged by 152.80% from RMB 43,682,406.78 to RMB 110,429,127.93 as all R&D investments were accounted for under this item[18]. - Research and development expenses surged to CNY 96,900,598.04 in Q1 2020, compared to CNY 28,993,320.21 in Q1 2019, indicating a growth of 234%[47]. Inventory and Receivables - Accounts receivable rose by 125.75% from RMB 38,752,854.50 to RMB 87,483,782.65, primarily due to an increase in commercial acceptance bills[18]. - The company reported a decrease in accounts receivable to CNY 564,979,002.18 from CNY 618,369,860.48, a decline of about 8.6%[35]. - Inventory decreased slightly to CNY 1,012,265,852.23 from CNY 1,031,953,829.76, a decline of approximately 1.9%[35]. Other Financial Metrics - The company reported non-operating income of ¥40,065,583.64 for the period[13]. - The company experienced a 41.11% decrease in taxes payable, from RMB 57,923,414.02 to RMB 34,113,042.56, due to changes in corporate income tax and value-added tax[18]. - The company has a deferred income tax asset of ¥87,765,610.32, which may provide future tax benefits[56].