浙江仙通(603239) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 140,187,128.17, down 10.26% year-on-year[5] - Net profit attributable to shareholders of the listed company rose by 13.95% to CNY 31,736,927.78[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 28.75% to CNY 30,355,158.85[5] - Basic and diluted earnings per share were both CNY 0.12, representing a 20.00% increase[5] - Operating profit for Q1 2020 increased to CNY 35,884,072.07, compared to CNY 27,330,223.96 in Q1 2019, reflecting a growth of 31.5%[23] - Net profit for Q1 2020 was CNY 35,644,342.84, up from CNY 31,790,880.80 in Q1 2019, indicating a growth of 12.0%[23] - The total comprehensive income for Q1 2020 was ¥22,832,559.61, an increase from ¥20,618,069.87 in Q1 2019[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,177,280,658.47, a decrease of 1.64% compared to the end of the previous year[5] - Total liabilities as of March 31, 2020, were CNY 279,052,683.94, down from CNY 318,971,100.67 at the end of 2019, representing a reduction of 12.5%[21] - Current liabilities decreased to CNY 140,116,657.70 from CNY 191,831,758.11, reflecting a reduction in short-term obligations[16] - Total assets as of March 31, 2020, were CNY 1,220,089,930.88, a slight decrease from CNY 1,237,175,788.00 at the end of 2019[21] - The company’s total liabilities to total assets ratio stands at approximately 16.7% as of Q1 2020, indicating a relatively low leverage position[38] Cash Flow - The net cash flow from operating activities was negative at CNY -20,780,081.76, a decrease of 154.77% compared to the same period last year[5] - The company reported a net cash outflow from operating activities of ¥20,780,081.76 in Q1 2020, compared to a net inflow of ¥37,938,112.77 in Q1 2019[31] - The cash inflow from operating activities totaled ¥101,355,192.84 in Q1 2020, compared to ¥153,197,611.42 in Q1 2019[29] - The company reported a significant increase in financial income, with interest income rising to ¥2,312,389.92 in Q1 2020 from ¥749,132.78 in Q1 2019[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,586[9] - The largest shareholder, Li Qifu, held 47.21% of the shares, with 14,500,000 shares pledged[9] Expenses - Sales expenses decreased by 35.94% to CNY 8,060,934.60, mainly due to lower freight and entertainment costs[13] - The company reported a decrease in research and development expenses to CNY 5,999,372.12 in Q1 2020 from CNY 7,572,928.28 in Q1 2019, a reduction of 20.8%[23] Inventory and Prepayments - Inventory decreased to CNY 93,086,989.95 from CNY 112,038,497.87, indicating improved inventory management[15] - Prepayments increased by 42.62% to CNY 4,352,934.07 compared to the previous year[13] - Other payables decreased by 65.35% to CNY 205,931.49, primarily due to reduced storage fees[13] Future Outlook - The company has not indicated any significant changes in its future outlook or strategies during the reporting period[12] - The company has implemented new revenue and leasing standards starting in 2020, which may impact future financial reporting and performance metrics[34] - The company adopted new revenue accounting standards effective January 1, 2020, impacting financial reporting[41]