惠达卫浴(603385) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 24.44% to CNY 495,538,698.90 year-on-year due to reduced customer demand impacted by COVID-19[7] - Net profit attributable to shareholders decreased by 45.72% to CNY 28,768,873.19 compared to the same period last year[5] - Basic earnings per share dropped by 45.71% to CNY 0.0779[5] - The weighted average return on equity decreased by 0.82 percentage points to 0.85%[5] - Total operating revenue for Q1 2020 was ¥495,538,698.90, a decrease of 24.4% compared to ¥655,779,832.99 in Q1 2019[29] - Net profit for Q1 2020 was ¥26,792,607.94, representing a decrease of 52.0% compared to ¥55,762,316.74 in Q1 2019[30] - Earnings per share for Q1 2020 was ¥0.0779, down from ¥0.1435 in Q1 2019[30] Assets and Liabilities - Total assets increased by 4.22% to CNY 4,972,033,948.64 compared to the end of the previous year[5] - Current assets totaled ¥3,058,992,900.42, up from ¥2,839,587,961.49, indicating an increase of about 7.73%[22] - Total liabilities increased to ¥1,392,438,709.13 from ¥1,220,885,473.57, marking a rise of about 14.06%[24] - Total liabilities as of Q1 2020 amounted to ¥1,381,919,228.21, an increase from ¥1,175,509,127.09 in the previous year[27] - Shareholders' equity rose to ¥3,579,595,239.51 from ¥3,549,886,657.67, reflecting an increase of approximately 0.84%[24] Cash Flow - The company reported a net cash flow from operating activities of -CNY 1,103,024.51, an improvement from -CNY 1,391,458.72 in the previous year[5] - Cash and cash equivalents increased by 293.81% to ¥600,948,436.02 from ¥152,597,536.44 due to increased debt financing[13] - Cash inflow from financing activities generated a net inflow of ¥339.11 million in Q1 2020, compared to ¥110.91 million in Q1 2019[34] - The net cash flow from financing activities was approximately ¥339.11 million, up from ¥110.91 million in the same quarter last year, reflecting a growth of 205.5%[37] - The net cash flow from operating activities was negative at approximately ¥11.63 million, an improvement from a negative ¥232.04 million in the same period last year[36] Shareholder Information - The total number of shareholders reached 20,865 by the end of the reporting period[10] - The largest shareholder, Wang Huiwen, holds 17.14% of the shares, totaling 63,323,733 shares[10] Government Support - The company received government subsidies amounting to CNY 6,304,251.37, which are closely related to its normal business operations[8] Financial Management - The total amount of entrusted financial management by Ping An Bank Shijiazhuang Branch reached CNY 12 million, with an annualized return rate of 3.75%[16] - The financial product from Agricultural Bank of China Tangshan Branch had a total amount of CNY 38 million with a return of CNY 11,200.46, which has been recovered[18] Expenses - The company executed new financial regulations leading to credit impairment losses of ¥261,145.84, which were not present in the previous period[14] - The company recorded a significant increase in other expenses due to public donations amounting to ¥1,168,821.46, which was not reported in the previous period[14] - Research and development expenses for Q1 2020 were ¥18,650,155.64, slightly down from ¥19,449,970.50 in Q1 2019[29]