福达合金(603045) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was approximately CNY 257.67 million, down 8.05% year-on-year[5]. - Net profit attributable to shareholders of the listed company was approximately CNY -11.28 million, a decrease of 336.15% compared to the same period last year[5]. - Basic and diluted earnings per share were both CNY -0.0739, a decline of 148.71% year-on-year[5]. - The company reported a significant decline in net profit, indicating challenges in the current market environment[5]. - The company anticipates a significant decline in net profit compared to the same period last year due to the ongoing impact of the COVID-19 pandemic and falling silver prices[15]. - Total operating revenue for Q1 2020 was ¥257,670,449.55, a decrease of 8.5% compared to ¥280,214,184.52 in Q1 2019[29]. - Net profit for Q1 2020 was a loss of ¥10,148,088.39, compared to a profit of ¥14,911,602.34 in Q1 2019[29]. - The total comprehensive income for Q1 2020 was a loss of ¥10,317,528.35, compared to a profit of ¥14,911,602.34 in Q1 2019[34]. - The company's operating profit for Q1 2020 was a loss of ¥12,646,231.59, compared to a profit of ¥6,328,954.14 in Q1 2019[33]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 1.47 billion, a decrease of 0.39% compared to the end of the previous year[5]. - Total liabilities increased to ¥663,537,355.30 in Q1 2020 from ¥647,403,428.93 in Q1 2019, reflecting a rise of 2.1%[26]. - Cash and cash equivalents decreased by 44.56% to ¥102,107,402.28 from ¥184,190,236.79 due to increased payments to suppliers[12]. - Trading financial assets dropped by 76.52% to ¥22,417,159.58 from ¥95,470,217.85 as a result of reduced investments in bank wealth management products[12]. - Other current assets increased by 130.18% to ¥49,114,330.11 from ¥21,337,292.94, primarily due to an increase in input tax credits and futures margin[13]. - The company’s total equity decreased to ¥802,789,181.65 in Q1 2020 from ¥824,600,784.23 in Q1 2019, a decline of 2.2%[26]. Cash Flow - Cash flow from operating activities improved to approximately CNY -163.90 million, a reduction of 38.99% compared to the previous year[5]. - The net cash flow from operating activities for Q1 2020 was -CNY 163,823,297.40, compared to -CNY 268,647,217.41 in Q1 2019, showing an improvement of approximately 39.1%[39]. - Cash inflow from operating activities totaled CNY 292,835,681.97, up from CNY 240,205,291.29 in the previous year, representing an increase of about 21.9%[39]. - Cash outflow from operating activities decreased to CNY 456,658,979.37 from CNY 508,852,508.70, a reduction of approximately 10.3%[39]. - The net cash flow from investing activities was CNY 53,660,659.14, down from CNY 178,679,461.93 in Q1 2019, indicating a decline of about 69.9%[39]. - The net cash flow from financing activities was CNY 23,968,950.61, compared to CNY 82,966,029.24 in the same period last year, reflecting a decrease of about 71.2%[40]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,256[10]. - The largest shareholder, Wang Dawu, held 26.34% of the shares, with 15.34 million shares pledged[10]. Expenses - The company recorded a significant increase in asset impairment losses by 230.66% to -¥15,445,335.13 from -¥4,671,062.23, mainly due to higher provisions for raw material price declines[14]. - The company reported a 200% increase in other operating expenses to ¥300,000.00 from ¥100,000.00, attributed to donations made during the COVID-19 pandemic[14]. - The company reported a significant increase in research and development expenses, totaling ¥9,020,179.04 in Q1 2020, compared to ¥11,203,878.83 in Q1 2019[29]. - The company's financial expenses for Q1 2020 were ¥7,096,450.28, compared to ¥6,332,998.47 in Q1 2019, reflecting an increase of 12.1%[33]. - The company reported a decrease in sales expenses for Q1 2020, which were ¥2,662,464.11, compared to ¥2,294,106.22 in Q1 2019, showing an increase of 16.1%[33].