ST花王(603007) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 184.73% to a loss of CNY 20,413,294.46 compared to the same period last year[6]. - Operating revenue dropped by 79.33% to CNY 52,299,605.37 compared to the previous year[6]. - Basic earnings per share fell by 185.71% to -CNY 0.06 compared to the same period last year[6]. - Net loss for Q1 2020 was ¥21,969,697.72, compared to a net profit of ¥22,213,575.49 in Q1 2019, indicating a shift in financial performance[30]. - The net profit for Q1 2020 was a loss of ¥16,517,298.64, compared to a profit of ¥27,495,857.39 in Q1 2019, marking a decline of 160.0%[33]. - The company reported a total comprehensive loss of ¥16,517,298.64 for Q1 2020, compared to a comprehensive income of ¥27,495,857.39 in Q1 2019[34]. Assets and Liabilities - Total assets decreased by 5.04% to CNY 3,539,409,526.71 compared to the end of the previous year[6]. - Total liabilities decreased from CNY 2,473,865,819.36 to CNY 2,329,997,539.93[22]. - The company's total assets decreased to ¥2,918,319,087.16 in Q1 2020 from ¥3,163,853,470.53 in Q4 2019, a decline of approximately 7.8%[26]. - Total liabilities decreased to ¥1,841,930,975.94 in Q1 2020 from ¥2,062,481,420.79 in Q4 2019, representing a reduction of about 10.7%[26]. - Total current liabilities were CNY 2,115,024,562.16, with a minor decrease of CNY 4,759,168.67[43]. Cash Flow - Cash flow from operating activities showed a slight decrease of 0.03% to -CNY 220,710,936.36 compared to the previous year[6]. - The net cash flow from operating activities for Q1 2020 was a negative ¥220,710,936.36, compared to a negative ¥213,423,218.20 in Q1 2019[37]. - Cash inflow from operating activities decreased to ¥175.99 million in Q1 2020 from ¥254.66 million in Q1 2019, a decline of approximately 30.8%[39]. - Net cash outflow from operating activities was ¥227.67 million in Q1 2020, compared to ¥133.65 million in Q1 2019, representing an increase in losses of approximately 70.4%[39]. - The total cash outflow from investing activities in Q1 2020 was ¥25,236,965.82, significantly lower than ¥277,302,157.78 in Q1 2019[37]. Shareholder Information - The total number of shareholders reached 17,501 by the end of the reporting period[10]. - Shareholders' equity attributable to the parent company decreased from CNY 1,157,244,563.81 to CNY 1,120,137,001.67[22]. - Owner's equity totaled CNY 1,253,315,975.89, reflecting a decrease of CNY 23,188,163.13 from the prior period[43]. Revenue Recognition Changes - The company will implement new revenue recognition standards starting January 1, 2020, affecting accounting policies[51]. - Under the new revenue recognition standards, revenue will be recognized when the customer obtains control of the goods, rather than when the risks and rewards are transferred[52]. - Contract assets will be reclassified based on the revenue recognized exceeding the settled amounts, with expected credit losses measured over the entire duration[54]. - The company will assess contracts for performance obligations under the new standards, impacting revenue recognition for ongoing contracts[54]. - The company recognizes revenue from engineering design services contracts based on the progress of performance[55].