MEILUN-梅轮电梯(603321) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue fell by 44.98% to CNY 61,420,593.84 year-on-year[5] - Net profit attributable to shareholders was CNY -7,477,233.01, a decrease of 1,029.18% compared to the previous year[5] - Basic and diluted earnings per share were both CNY -0.01, representing a 200% decline year-on-year[5] - The company's total revenue for Q1 2020 was $61.42 million, a decrease of 44.98% compared to$ 111.63 million in the same period last year[11] - The net profit for Q1 2020 was a loss of $2.47 million, a decline of 157.08% compared to a profit of$ 4.33 million in the previous year[12] - Total operating revenue for Q1 2020 was CNY 61,420,593.84, a decrease of 45% compared to CNY 111,634,376.02 in Q1 2019[25] - Net profit for Q1 2020 was a loss of CNY 2,473,133.37, compared to a profit of CNY 4,332,972.25 in Q1 2019[27] - The company reported a gross profit margin of -13.7% for Q1 2020, compared to a positive margin in Q1 2019[25] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY -86,997,357.94, compared to CNY -41,163,840.04 in the same period last year[5] - Cash flow from operating activities decreased by 51.67% to $92.37 million, attributed to delayed operations and reduced sales[13] - The company's cash outflow for operating activities totaled CNY 179,363,740.60 in Q1 2020, compared to CNY 232,294,242.21 in Q1 2019, indicating a reduction in cash outflow[33] - Total cash and cash equivalents at the end of Q1 2020 were ¥68,840,021.34, down from ¥192,112,567.56 at the end of Q1 2019, reflecting a significant decrease of approximately 64.2% year-over-year[34] - The company's cash flow from investment activities was significantly impacted by a decrease in the redemption amount of financial products[14] Assets and Liabilities - Total assets decreased by 5.51% to CNY 1,526,475,250.30 compared to the end of the previous year[5] - Total current assets decreased from ¥1,062,018,111.06 to ¥948,416,091.30, reflecting a decline of 10.70%[17] - Total liabilities decreased from ¥557,757,527.77 to ¥470,802,420.29, a reduction of 15.59%[19] - The company's total assets decreased from ¥1,615,422,460.82 to ¥1,526,475,250.30, reflecting a decline of 5.49%[19] - Total liabilities decreased to CNY 506,407,102.44 in Q1 2020 from CNY 559,757,045.12 in Q1 2019, a reduction of 9.5%[23] Shareholder Information - The number of shareholders reached 17,548 at the end of the reporting period[9] - The largest shareholder, Qian Xuelin, holds 36.07% of the shares, totaling 110,722,000 shares[9] - The second-largest shareholder, Qian Xuegen, holds 26.12% of the shares, totaling 80,178,000 shares[9] Investment and Expenditures - The company invested$ 28.29 million in fixed assets, a 223% increase compared to the previous period, indicating ongoing capital expenditures despite the downturn[13] - Research and development expenses for Q1 2020 were CNY 3,301,893.40, down from CNY 4,705,756.73 in Q1 2019, indicating a decrease of 29.8%[25] - The company reported a significant increase in other income, which rose by 748.21% to $2.98 million, primarily due to increased government subsidies[12] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 5,004,099.64 for the reporting period[7] - The company reported a weighted average return on equity of -0.23%, a decrease of 0.66 percentage points compared to the previous year[5] - The company's total equity attributable to shareholders decreased slightly from ¥1,057,664,933.05 to ¥1,055,182,830.01, a decline of 0.23%[19] - The basic earnings per share for Q1 2020 was -0.01 CNY, compared to 0.01 CNY in Q1 2019, reflecting a negative shift in profitability[30]