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中国科传(601858) - 2020 Q1 - 季度财报
CSPMCSPM(SH:601858)2020-04-28 16:00

Financial Performance - Operating revenue for the period was CNY 24,527.83 million, down 33.10% year-on-year[4] - Net profit attributable to shareholders was CNY -1,962.18 million, a decline of 258.58% compared to the same period last year[4] - Basic earnings per share were CNY -0.02, a decrease of 200.00% compared to the previous year[4] - The company reported a 90.73% decrease in investment income, down to CNY 24.57 million from CNY 265.12 million, primarily due to reduced financial product income[12] - The company anticipates a negative impact on net profit for the year due to the ongoing COVID-19 pandemic, with the extent and duration of the impact currently unpredictable[14] - The company recorded a significant decrease in cash received from sales and services, totaling CNY 16,246.84 million, down 32.18% from CNY 23,955.85 million in the previous period, again due to pandemic effects[13] - Net profit for Q1 2020 was a loss of ¥21,746,546.17, compared to a profit of ¥9,266,923.95 in Q1 2019[22] - Total operating revenue for Q1 2020 was ¥245,278,289.04, a decrease of 33% compared to ¥366,618,794.10 in Q1 2019[21] Cash Flow and Assets - Net cash flow from operating activities improved to CNY -91,652.52 million, an increase of 51.78% year-on-year[4] - Cash flow from operating activities showed a net outflow of CNY -91,652.52 million, an improvement of 51.78% compared to CNY -190,073.97 million in the previous period, attributed to decreased business income and changes in structured deposits[13] - The company’s cash flow from investing activities showed a net outflow of CNY -1,798.29 million, a decline of 131.45% compared to CNY 5,717.98 million in the previous period, primarily due to changes in financial products[13] - The company reported a significant decrease in cash outflows related to operating activities, from 1,829,568,078.32 RMB in Q1 2019 to 582,814,264.16 RMB in Q1 2020[28] - The ending balance of cash and cash equivalents as of the end of Q1 2020 was 2,176,245,618.90 RMB, a significant increase from 751,633,762.44 RMB at the end of Q1 2019[29] - Total current assets amounted to 4,875,122,274.78 RMB as of December 31, 2019, with cash and cash equivalents being a major component[30] - Cash and cash equivalents decreased from ¥2,715,954,506.75 to ¥2,176,691,618.90, a decline of about 19.83%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,319[7] - The largest shareholder, China Science Publishing Group Co., Ltd., held 582,255,000 shares, accounting for 73.66% of the total[9] Liabilities and Equity - Total liabilities decreased from ¥1,633,219,950.86 to ¥1,525,169,740.01, a decline of approximately 6.63%[18] - Total equity decreased from ¥3,981,716,583.60 to ¥3,960,992,730.70, a decrease of about 0.52%[18] - The company’s total liabilities to equity ratio stands at approximately 0.41, indicating a healthy balance between debt and equity financing[33] - The company reported retained earnings of approximately ¥2,106.30 billion, reflecting a solid profit retention strategy[33] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[4] - The company has not reported any new product launches or technological advancements in the current quarter[28] - There are no indications of market expansion or mergers and acquisitions in the current financial report[28] Changes in Assets - Total assets at the end of the reporting period were CNY 548,616.25 million, a decrease of 2.29% compared to the end of the previous year[4] - Other current assets increased significantly by 667.49% to CNY 82,289.03 million from CNY 10,721.85 million, primarily due to the purchase of structured deposits[10] - Accounts receivable financing decreased by 66.13% to CNY 468.62 million from CNY 1,383.41 million, mainly due to the transfer and cashing of notes during the period[10] - Inventory increased from ¥469,784,388.47 to ¥483,028,467.65, an increase of about 2.62%[19] - Long-term equity investments increased from ¥268,004,981.54 to ¥313,271,764.24, an increase of approximately 16.87%[19]