长城军工(601606) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 171,032,723.58, representing an increase of 26.85% year-on-year[10] - Net profit attributable to shareholders was a loss of CNY 34,900,888.15, an improvement of 12.57% compared to the previous year's loss[10] - Basic and diluted earnings per share were both CNY -0.05, showing a 16.67% improvement from the previous year[10] - The net profit attributable to the parent company for Q1 2020 was -34,900,888.15 RMB, compared to -39,919,116.10 RMB in Q1 2019, showing an improvement of approximately 12.6%[47] - The total comprehensive income for Q1 2020 was -35,261,951.34 RMB, compared to -40,130,244.23 RMB in Q1 2019, indicating a reduction of about 12.2%[47] Cash Flow - Net cash flow from operating activities was a negative CNY 77,596,384.65, but improved by 20.57% compared to the previous year[10] - The cash flow from financing activities resulted in a net outflow of -13,738,544.83 RMB, an improvement from -104,059,332.04 RMB in the same quarter last year[56] - The cash inflow from operating activities totaled 251,285,643.30 RMB in Q1 2020, compared to 223,265,441.92 RMB in Q1 2019, marking an increase of about 12.6%[54] - The net cash flow from operating activities for the first quarter of 2020 was -56,010,378.23 RMB, compared to -147,771,157.23 RMB in the first quarter of 2019, indicating an improvement of approximately 62.1% year-over-year[58] - The company reported a net cash inflow from investment activities of 100,002,288.00 RMB in Q1 2020, a significant increase from 40,740.35 RMB in Q1 2019[54] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,574,785,818.90, a decrease of 2.17% compared to the end of the previous year[10] - The company’s net assets attributable to shareholders were CNY 2,279,295,171.17, a decrease of 1.36% from the previous year[10] - Total liabilities decreased from ¥1,326,020,632.50 to ¥1,278,502,244.68, indicating a reduction in short-term borrowings[33] - Total assets decreased from ¥3,654,202,057.08 to ¥3,574,785,818.90, reflecting a decline in cash and cash equivalents[29] - Total equity increased to CNY 1,137,596,739.15 from CNY 1,136,060,811.21, a slight increase of 0.14%[40] Expenses - Operating costs rose by 47.42% to ¥141,670,692.38, driven by increased revenue and changes in product structure[22] - Sales expenses decreased by 36.55% to ¥7,421,256.18, primarily due to lower expenses associated with military product sales[22] - Research and development expenses for Q1 2020 were CNY 18,759,433.05, down from CNY 23,538,048.20 in Q1 2019, a decrease of 20.4%[44] - Financial expenses showed a significant reduction of 209.05%, resulting in a net income of -¥1,517,221.83, due to a decrease in short-term loans and interest income from structured deposits[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 52,684, with the largest shareholder holding 58.89% of the shares[17] - The company received government subsidies amounting to CNY 4,032,444.19, which are closely related to its normal business operations[10] - Other income increased by 39.45% to ¥4,032,444.19, attributed to an increase in government subsidies recognized during the period[22]