东珠生态(603359) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 4.01% to CNY 413,203,609.51 from CNY 430,474,633.61 in the same period last year[5] - Net profit attributable to shareholders decreased by 5.18% to CNY 77,478,204.65 compared to CNY 81,709,045.20 in the previous year[5] - Basic earnings per share decreased by 3.85% to CNY 0.25 from CNY 0.26 in the same period last year[5] - The company reported a diluted earnings per share of CNY 0.24, down 7.69% from CNY 0.26[5] - Total operating revenue for Q1 2020 was CNY 413,203,609.51, a decrease of 4.4% compared to CNY 430,474,633.61 in Q1 2019[26] - Net profit for Q1 2020 was CNY 78,584,592.67, a decline of 3.4% from CNY 81,298,563.34 in Q1 2019[27] - Earnings per share (EPS) for Q1 2020 was CNY 0.25, compared to CNY 0.26 in Q1 2019[27] - The company achieved an operating profit of CNY 92,931,535.30, slightly down from CNY 95,950,403.71 in Q1 2019[26] Assets and Liabilities - Total assets increased by 3.20% to CNY 6,160,058,200.99 compared to the end of the previous year[5] - Total liabilities reached ¥3,110,212,214.09, up from ¥2,967,455,796.97, indicating an increase of approximately 4.8%[19] - Total current liabilities increased to ¥3,110,212,214.09, compared to ¥2,967,455,796.97, reflecting a rise of approximately 4.8%[19] - Total current assets increased to ¥5,167,736,031.59 as of March 31, 2020, compared to ¥4,986,990,126.70 at the end of December 2019, representing a growth of approximately 3.6%[17] - Total assets amounted to ¥6,160,058,200.99, compared to ¥5,969,226,963.30 at the end of December 2019, reflecting a growth of around 3.2%[19] - Total liabilities increased to CNY 3,234,458,252.24 from CNY 3,079,919,832.28, reflecting a growth of 5.0%[26] - The company reported a total of ¥3,216,730,607.26 in contract assets, indicating a significant asset base for future revenue recognition[17] Cash Flow - Cash flow from operating activities showed a decline of 25.08%, amounting to CNY -144,984,871.02[5] - Cash inflows from operating activities totaled ¥210,033,648.22 in Q1 2020, an increase of 9.1% from ¥192,739,054.72 in Q1 2019[33] - The net cash flow from operating activities was -¥144,984,871.02 in Q1 2020, worsening from -¥115,913,484.33 in Q1 2019, indicating a decline of 25.1%[34] - The company experienced a net cash outflow from investing activities of -¥3,171,125.72 in Q1 2020, compared to -¥370,122,793.00 in Q1 2019, showing a significant reduction in cash outflow[34] - Cash and cash equivalents at the end of Q1 2020 stood at ¥823,922,452.71, up from ¥641,642,836.95 at the end of Q1 2019, representing an increase of 28.4%[35] - The total cash and cash equivalents decreased by ¥191,663,425.54 in Q1 2020, compared to a decrease of ¥550,434,855.33 in Q1 2019, showing a significant improvement in cash management[35] Shareholder Information - The total number of shareholders reached 13,729 at the end of the reporting period[10] - The largest shareholder, Xi Hui Ming, holds 38.04% of the shares, totaling 121,226,000 shares[11] - Shareholders' equity rose to CNY 2,911,506,395.43, an increase of 1.3% from CNY 2,875,088,841.45 in the previous year[26] Revenue Recognition Standards - The company will implement new revenue recognition standards starting January 1, 2020, affecting accounting policies[49] - The new revenue recognition policy will confirm revenue when the customer obtains control of the goods, shifting from previous practices[50] - The company anticipates that the new accounting standards will enhance the accuracy of revenue reporting and financial transparency[51] - The company recognized revenue based on the progress of performance obligations under the new revenue recognition standards, with contract assets amounting to approximately ¥2.98 billion as of January 1, 2020[54] - The company’s revenue recognition policies have been adjusted to align with the new standards, impacting both contract assets and liabilities[56] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 1,734,799.08, primarily from government subsidies[9] - Financial expenses decreased by 48.21% to -¥889,690.15, primarily due to reduced interest income[13] - Other income increased by 39.70% to ¥349,244.02, mainly from increased government subsidies[13] - The company reported a credit impairment loss of CNY -721,997.53, an improvement from CNY -1,726,148.25 in Q1 2019[26] - The company reported a net profit of CNY 1,354,082,350.90 after adjustments, down from CNY 1,381,721,145.78[43]