荣晟环保(603165) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 24.66% to CNY 52,014,357.59 compared to the same period last year[5]. - Operating revenue declined by 18.58% to CNY 348,024,877.82 compared to the previous year[5]. - Basic and diluted earnings per share decreased by 25.64% to CNY 0.29[5]. - Total operating revenue for Q1 2020 was ¥348,024,877.82, a decrease of 18.6% compared to ¥427,435,797.32 in Q1 2019[21]. - Net profit for Q1 2020 was ¥52,014,357.59, a decline of 24.7% from ¥69,037,351.28 in Q1 2019[22]. - The company reported a total comprehensive income of ¥46,620,423.26 for Q1 2020, compared to ¥61,790,829.09 in Q1 2019, reflecting a decline of 24.5%[25]. - The company recorded a significant decrease in sales revenue from customers, totaling ¥279,531,631.47 in Q1 2020, compared to ¥407,794,368.79 in Q1 2019, a decline of 31.4%[26]. Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -18,074,538.72, a decrease of 132.73% compared to the same period last year[5]. - Total cash inflow from investment activities in Q1 2020 was 165,823,960.62 RMB, a substantial increase from 22,631,654.95 RMB in Q1 2019, marking an increase of about 632%[31]. - The net cash flow from investment activities was -11,842,287.20 RMB in Q1 2020, an improvement from -17,536,437.97 RMB in Q1 2019, indicating a reduction in losses by approximately 32%[31]. - The cash flow from operating activities showed a net outflow of ¥18,074,538.72 in Q1 2020, compared to a net inflow of ¥55,219,536.58 in Q1 2019[29]. - Cash and cash equivalents at the end of Q1 2020 were ¥676,318,077.80, down from ¥707,968,815.48 at the beginning of the quarter[30]. - The company's cash and cash equivalents at the end of Q1 2020 stood at 650,757,839.59 RMB, down from 300,259,056.92 RMB at the end of Q1 2019, reflecting an increase of about 117%[32]. Assets and Liabilities - Total assets increased by 0.89% to CNY 1,955,001,445.04 compared to the end of the previous year[5]. - The company's total liabilities decreased from 474,689,995.71 RMB to 439,635,332.22 RMB, reflecting a reduction in short-term borrowings[17]. - Total liabilities decreased to ¥432,711,539.46 in Q1 2020 from ¥465,015,167.32 in Q1 2019, reflecting a reduction of 6.9%[20]. - The total assets as of March 31, 2020, were 1,955,001,445.04 RMB, a slight increase from 1,937,727,425.39 RMB at the end of 2019[16]. - The total assets of the company remained at 1,937,727,425.39 RMB as of Q1 2020, consistent with the previous year, showing no growth in total assets[35]. - Total current assets amounted to CNY 1,143,426,702.46 as of December 31, 2019[37]. - Total non-current assets reached CNY 713,917,583.21 in the first quarter of 2020[39]. Shareholder Information - The total number of shareholders was 12,437 at the end of the reporting period[9]. - The company’s retained earnings rose to 873,807,912.81 RMB from 821,793,555.22 RMB, indicating a growth in shareholder equity[17]. - Total equity increased to ¥1,438,982,901.05 in Q1 2020, up from ¥1,392,329,118.35 in Q1 2019, indicating a growth of 3.3%[20]. Expenses and Impairments - The company experienced a 168.13% increase in credit impairment losses, totaling -474,823.14 RMB, attributed to increased provisions for bad debts[13]. - Research and development expenses for Q1 2020 were ¥12,304,113.10, down 29.5% from ¥17,496,221.85 in Q1 2019[21]. - The company incurred financial expenses of -¥481,868.42 in Q1 2020, a significant improvement compared to -¥2,182,859.57 in Q1 2019[24]. - The company paid ¥35,406,168.98 in taxes during Q1 2020, a decrease of 45.0% from ¥64,482,987.79 in Q1 2019[29]. Revenue Recognition and Standards - The company executed new revenue recognition standards starting January 1, 2020, which may impact future financial reporting and performance metrics[36]. - The company implemented new revenue recognition standards starting January 1, 2020, affecting financial reporting[40].