华菱精工(603356) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 12.39% to CNY 204,459,143.15 compared to the same period last year[7] - Net profit attributable to shareholders decreased by 74.19% to CNY 3,208,390.92 compared to the same period last year[7] - Basic and diluted earnings per share both decreased by 74.19% to CNY 0.024 per share[7] - Total operating revenue for Q1 2020 was ¥204,459,143.15, a decrease of 12.38% compared to ¥233,378,647.68 in Q1 2019[30] - Net profit for Q1 2020 was ¥5,961,339.18, a decline of 51.54% from ¥12,310,046.39 in Q1 2019[31] - The company recorded a net profit attributable to shareholders of ¥3,208,390.92 in Q1 2020, compared to ¥12,433,122.87 in Q1 2019, indicating a significant drop[31] - Total comprehensive income for Q1 2020 was ¥5,961,339.18, down from ¥12,310,046.39 in Q1 2019[31] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 32,192,268.94 compared to a net inflow of CNY 4,000,759.86 in the previous year, a decrease of 904.65%[7] - Cash inflow from operating activities was ¥336,056,166.93 in Q1 2020, slightly down from ¥344,376,825.09 in Q1 2019[37] - The net cash flow from operating activities for Q1 2020 was -48,707,104.11 RMB, a significant decline compared to 6,738,540.41 RMB in Q1 2019[40] - Total cash inflow from operating activities was 239,559,431.27 RMB, slightly up from 235,433,948.30 RMB in the previous year[40] - Cash outflow from operating activities increased to 288,266,535.38 RMB, compared to 228,695,407.89 RMB in Q1 2019, reflecting a rise of approximately 26%[40] - The net cash flow from investing activities was -21,786,671.30 RMB, an improvement from -94,751,843.61 RMB in the same quarter last year[40] - Cash inflow from financing activities totaled 125,000,000.00 RMB, up from 25,000,000.00 RMB in Q1 2019, indicating a 400% increase[41] - The net cash flow from financing activities was 58,521,596.65 RMB, compared to 24,042,967.82 RMB in the previous year, marking an increase of approximately 143%[41] Assets and Liabilities - Total assets increased by 4.84% to CNY 1,338,247,985.40 compared to the end of the previous year[7] - Total current assets as of March 31, 2020, amounted to CNY 872.74 million, a slight increase from CNY 842.97 million at the end of 2019[21] - Non-current assets totaled CNY 465,511,399.74, an increase of 7.4% compared to CNY 433,467,431.61 in the previous year[22] - Current liabilities decreased to CNY 434,628,531.79 from CNY 461,454,051.46, a reduction of about 5.8%[22] - Total liabilities rose to CNY 539,467,964.31, compared to CNY 513,105,441.73, marking an increase of approximately 5.1%[23] - Shareholders' equity increased to CNY 798,780,021.09, up from CNY 763,334,896.84, reflecting a growth of about 4.6%[23] - Non-current liabilities increased to CNY 104,839,432.52 from CNY 51,651,390.27, a significant rise of approximately 103.5%[23] Expenses - The company experienced a 31.51% rise in management expenses, amounting to CNY 13.64 million, due to the consolidation of a new subsidiary[14] - R&D expenses increased by 29.48% to CNY 6.51 million, reflecting higher investment in new product development[14] - The company reported a decrease in gross profit margin, with operating profit for Q1 2020 at ¥9,222,438.37, down from ¥15,906,268.96 in Q1 2019[30] - The company’s tax expenses for Q1 2020 were ¥3,206,073.53, compared to ¥3,496,563.04 in Q1 2019, reflecting a decrease of 8.31%[31] Shareholder Information - The number of shareholders reached 11,236, indicating a stable shareholder base[10] Government Subsidies - The company received government subsidies amounting to CNY 9,202,084.08, which are closely related to its normal business operations[9] - The company received government subsidies totaling CNY 9.11 million, a significant increase of 1,017.80% compared to the previous year[14] Inventory and Receivables - Accounts receivable decreased by 58.01% to CNY 14,750,213.56 due to the collection of overdue payments[12] - Inventory increased by 48.78% to CNY 206,646,892.40 due to increased production material reserves and finished goods[12] - Accounts receivable decreased to CNY 169,596,080.80 from CNY 237,182,985.45, a drop of about 28.5%[26] - Inventory increased to CNY 66,298,038.36, up from CNY 54,230,907.34, representing a growth of approximately 22.2%[26]