振江股份(603507) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue rose by 26.21% to CNY 364,395,679.06 year-on-year[6] - Net profit attributable to shareholders decreased by 28.68% to CNY 3,666,571.43 compared to the same period last year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 78.94% to CNY 1,136,683.72[6] - Basic earnings per share decreased by 25% to CNY 0.03[6] - Operating profit decreased by 51.22% to ¥5,566,781.19 from ¥11,412,093.07, primarily due to rising costs and declining gross margins[13] - Total profit fell by 46.19% to ¥5,311,898.40 from ¥9,871,946.88, attributed to increased costs and lower gross profit[13] - Net profit for Q1 2020 was CNY 4,306,058.12, a decrease of 23.1% from CNY 5,604,048.09 in Q1 2019[26] - The company's net profit for Q1 2020 was CNY 2,190,871.74, a decrease from CNY 3,627,536.63 in Q1 2019, representing a decline of approximately 39.7%[29] - Operating profit for Q1 2020 was CNY 2,835,973.59, down from CNY 5,807,836.34 in the same period last year, indicating a decrease of about 51.1%[29] Cash Flow - The company reported a net cash flow from operating activities of CNY 63,982,665.10, a significant improvement from a negative cash flow of CNY 22,126,821.04 in the previous year[6] - Cash flow from operating activities generated a net amount of CNY 63,982,665.10 in Q1 2020, compared to a negative cash flow of CNY -22,126,821.04 in Q1 2019, showing a significant improvement[30] - The net cash flow from financing activities in Q1 2020 was CNY -40,534,491.36, an improvement from CNY -136,038,272.01 in Q1 2019, showing a decrease in cash outflow by about 70%[31] - The net cash flow from investing activities was -$37,945,077.77, an improvement from -$168,972,536.27 in the previous year[33] - The net cash flow from financing activities was -$71,392,733.08, showing a reduction in outflow compared to -$171,475,918.70 in the previous year[33] Assets and Liabilities - Total assets increased by 3.23% to CNY 3,464,301,220.99 compared to the end of the previous year[6] - Current assets rose to CNY 1,692,180,988.42, up from CNY 1,589,905,156.26, indicating an increase of about 6.45%[19] - Total liabilities rose to CNY 2,032,907,399.40 from CNY 1,908,331,482.38, which is an increase of approximately 6.52%[18] - Owner's equity decreased slightly to CNY 1,431,393,821.59 from CNY 1,447,453,528.01, a decline of about 1.11%[19] - The total liabilities to equity ratio increased, reflecting a higher leverage position for the company[18] Shareholder Information - The number of shareholders reached 7,468 at the end of the reporting period[10] - The largest shareholder, Hu Zhen, holds 29.12% of the shares, with 26,020,700 shares pledged[10] Research and Development - Research and development expenses rose to ¥13,113,884.08, a 53.45% increase compared to ¥8,546,193.09, reflecting higher investment in R&D activities[13] - R&D expenses increased to CNY 13,113,884.08 in Q1 2020, up 53.5% from CNY 8,546,193.09 in Q1 2019[26] Financial Management - Financial expenses surged by 130.32% to ¥18,072,243.25 from ¥7,846,662.55, mainly due to increased borrowings[13] - Financial expenses rose to CNY 18,072,243.25 in Q1 2020, compared to CNY 7,846,662.55 in Q1 2019, reflecting a significant increase[26] Inventory and Receivables - Inventory increased to CNY 587,772,213.89 from CNY 527,312,987.50, reflecting a growth of approximately 11.46%[19] - Accounts receivable decreased to CNY 351,561,023.17 from CNY 493,668,769.60, representing a decline of about 28.73%[20] Cash and Cash Equivalents - Cash and cash equivalents increased to ¥411,446,500.19, up 57.70% from ¥260,902,553.70 due to increased sales collections[13] - Cash and cash equivalents stood at CNY 290,206,169.27, up from CNY 137,336,895.66, showing a significant increase of approximately 111.09%[20] - Total cash and cash equivalents at the end of Q1 2020 were CNY 43,686,500.19, down from CNY 272,610,965.71 at the end of Q1 2019, reflecting a decrease of approximately 84%[31] - The ending cash and cash equivalents balance was $22,446,169.27, down from $198,592,228.03 year-over-year[33]