江南水务(601199) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 1.86% to CNY 35,806,811.09 year-on-year[7] - Operating revenue increased by 2.41% to CNY 177,206,933.98 compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses increased by 3.28% to CNY 36,713,217.25[7] - Basic and diluted earnings per share remained unchanged at CNY 0.04[7] - Total operating revenue for Q1 2020 was CNY 177.21 million, a slight increase of 2.3% compared to CNY 173.03 million in Q1 2019[31] - Net profit for Q1 2020 was CNY 35.81 million, compared to CNY 35.61 million in Q1 2019, showing a marginal increase of 0.6%[32] - Total profit for Q1 2020 was CNY 47.13 million, slightly down from CNY 47.34 million in Q1 2019, a decrease of 0.4%[32] Cash Flow - Net cash flow from operating activities decreased significantly by 71.33% to CNY 35,109,791.58[7] - The company's operating cash flow net amount decreased by 71.33%, from CNY 122,473,629.95 to CNY 35,109,791.58, primarily due to reduced advance payments from subsidiaries[17] - Cash inflow from operating activities was CNY 217.43 million in Q1 2020, down from CNY 313.04 million in Q1 2019, a decrease of 30.6%[36] - The net cash flow from operating activities was ¥39,462,971.82, a decrease of 13.5% compared to ¥45,424,816.32 in Q1 2019[40] - The cash flow from operating activities showed a total inflow of ¥121,566,491.33, slightly down from ¥126,120,986.51 in Q1 2019[40] Assets and Liabilities - Total assets decreased by 11.26% to CNY 4,309,235,623.5 compared to the end of the previous year[7] - The company's cash and cash equivalents decreased from CNY 1,283,606,484.40 to CNY 1,026,673,859.49, a decline of 20.00%[22] - The company reported a significant decline in investment income, which fell by 85.21% from CNY 3,744,855.55 to CNY 553,703.97, mainly due to changes in accounting treatment[16] - The company’s intangible assets decreased by 41.62%, from CNY 264,484,702.19 to CNY 154,400,927.30, primarily due to the exclusion of certain subsidiaries from consolidation[22] - Total liabilities decreased significantly, with long-term borrowings dropping from CNY 406,000,000.00 to CNY 0.00, indicating a reduction in debt[15] - Non-current liabilities decreased from CNY 858,406,323.16 in December 2019 to CNY 440,965,023.80 in March 2020, a reduction of about 48.7%[24] - Current liabilities decreased from CNY 1,031,923,853.74 in December 2019 to CNY 918,524,167.27 in March 2020, a decline of approximately 10.9%[24] Shareholder Information - The number of shareholders reached 39,904 at the end of the reporting period[12] - The largest shareholder, Jiangyin Urban and Rural Water Supply Co., Ltd., holds 35.19% of the shares[12] Research and Development - Research and development expenses increased by 124.60%, rising from CNY 197,969.29 to CNY 444,631.29, indicating a higher investment in innovation[16] - Research and development expenses increased significantly to CNY 444.63 thousand in Q1 2020 from CNY 197.97 thousand in Q1 2019, marking a growth of 124.9%[31] Other Financial Metrics - The weighted average return on equity decreased by 0.1 percentage points to 1.22%[7] - The company reported a non-operating loss of CNY 906,406.16 due to various factors[10] - The company recorded a tax expense of CNY 11.32 million in Q1 2020, down from CNY 11.73 million in Q1 2019, a reduction of 3.5%[32] - Other comprehensive income after tax was reported as CNY -913.41 thousand in Q1 2020, indicating a loss compared to the previous period[32] Investment Activities - The company reported a total cash outflow of ¥505,083,945.94 from investment activities, compared to ¥285,314,309.02 in the previous year[37] - The company received ¥22,000,000.00 from investment recoveries, significantly lower than ¥100,000,000.00 in the same period last year[40] General Observations - The overall financial performance did not indicate significant changes from previous quarters[48] - The company did not provide any specific user data or performance guidance for future quarters[48] - There were no mentions of new product or technology developments in the report[48] - The company did not discuss market expansion or acquisition strategies in this quarter[48] - No new strategic initiatives were highlighted in the earnings call[48]