多伦科技(603528) - 2020 Q1 - 季度财报

Important Notes Statement on the Authenticity and Completeness of the Report The Board of Directors, Supervisory Committee, and senior management guarantee the authenticity, accuracy, and completeness of this quarterly report and assume legal responsibility - The Board of Directors, Supervisory Committee, directors, supervisors, and senior management guarantee the authenticity, accuracy, and completeness of the quarterly report's content, with no false records, misleading statements, or major omissions[8] - Company head Zhang Anqiang, chief accounting officer Li Yi, and head of the accounting department Zhong Cuihong guarantee the authenticity, accuracy, and completeness of the financial statements in the quarterly report[10] - The company's first-quarter report is unaudited[11] Basic Company Information Key Financial Data In Q1 2020, the company's revenue and net profit declined significantly, leading to a negative ROE and a sharp drop in operating cash flow Key Financial Data Overview (Q1 2020 vs Q1 2019) | Indicator | From Beginning of Year to End of Reporting Period (Q1 2020) | From Beginning of Prior Year to End of Prior Year's Reporting Period (Q1 2019) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 34,556,804.57 | 161,394,504.15 | -78.59 | | Net Profit Attributable to Shareholders | -28,440,953.92 | 42,643,532.84 | -166.69 | | Net Cash Flow from Operating Activities | -58,893,390.32 | 1,334,397.91 | -4,513.48 | | Weighted Average Return on Equity (%) | -1.79 | 3.08 | Decrease of 4.87 percentage points | | Basic Earnings Per Share (RMB/Share) | -0.0454 | 0.0680 | -166.76 | Financial Position (End of Q1 2020 vs End of FY 2019) | Indicator | End of this Reporting Period (Q1 2020) | End of Prior Year (FY 2019) | Change from Prior Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,124,750,959.11 | 2,158,408,193.72 | -1.56 | | Net Assets Attributable to Shareholders | 1,571,980,324.45 | 1,599,560,009.49 | -1.72 | Non-recurring Profit and Loss Items (Q1 2020) | Item | Amount (RMB) | | :--- | :--- | | Gain/Loss on Disposal of Non-current Assets | 198,766.31 | | Government Grants Recognized in Current Profit or Loss | 2,052,656.54 | | Gain/Loss from Entrusted Investments or Asset Management | 2,330,495.09 | | Total | 3,794,504.65 | Shareholder Information as of the End of the Reporting Period As of Q1 2020 end, the company had 34,578 shareholders, with Nanjing Duolun Enterprise Management Co, Ltd being the largest shareholder at 62.65% - The total number of shareholders was 34,578[16] Top Ten Shareholders (End of Q1 2020) | Shareholder Name | Shares Held at Period End | Shareholding Ratio (%) | | :--- | :--- | :--- | | Nanjing Duolun Enterprise Management Co, Ltd | 392,692,500 | 62.65 | | Nanjing Jinlun Investment Center (Limited Partnership) | 1,395,000 | 2.23 | | Nanjing Jialun Investment Center (Limited Partnership) | 1,395,000 | 2.23 | - Nanjing Jinlun Investment Center (Limited Partnership) and Nanjing Jialun Investment Center (Limited Partnership) are parties acting in concert, as their executive partner is Nanjing Duolun Enterprise Management Co, Ltd[18] Preferred Shareholder Information as of the End of the Reporting Period The company had no preferred shareholders at the end of the reporting period - Information regarding preferred shareholders is not applicable[18] Significant Events Significant Changes in Key Financial Statement Items and Indicators Significant fluctuations occurred in revenue, costs, and cash flows due to reduced project acceptances, decreased collections, and acquisition activities Significant Changes in Key Financial Indicators (Q1 2020) | Account | Current Period (RMB) | Prior Year Period (RMB) | Change (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 34,556,804.57 | 161,394,504.15 | -78.59 | Primarily due to fewer project acceptance reports obtained in the current period compared to the prior year | | Operating Costs | 19,214,553.46 | 68,939,410.07 | -72.13 | Primarily due to a decrease in accepted orders in the current period | | Net Cash Flow from Operating Activities | -58,893,390.32 | 1,334,397.91 | -4513.48 | Primarily due to a decrease in cash received from sales compared to the prior year | | Net Cash Flow from Investing Activities | -100,559,879.85 | -56,778,308.61 | -77.11 | Primarily due to an increase in expenditures for acquiring subsidiaries compared to the prior year | | Net Cash Flow from Financing Activities | 2,100,726.88 | -875,008.06 | -340.08 | Primarily due to an increase in capital contributions from minority shareholders compared to the prior year | Significant Changes in Assets and Liabilities (End of Q1 2020) | Balance Sheet Item | Current Period-End (RMB) | Prior Period-End (RMB) | Change (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | | Prepayments | 23,011,440.17 | 10,873,044.18 | 111.64 | Increase in advance payments for purchases compared to the prior year | | Intangible Assets | 109,782,345.06 | 78,264,511.10 | 40.27 | Arose from a business combination not under common control during the period | | Goodwill | 60,570,977.40 | - | - | Arose from a business combination not under common control during the period | | Long-term Deferred Expenses | 15,616,624.39 | 1,593,163.25 | 880.23 | Arose from a business combination not under common control during the period | | Other Non-current Assets | 3,586,721.23 | 38,586,721.23 | -90.70 | Settlement of prepaid equity investment款 in the current period | | Advances from Customers | - | 222,181,590.26 | -100.00 | Reclassified due to the adoption of new accounting standards | | Contract Liabilities | 232,137,325.95 | - | - | Reclassified due to the adoption of new accounting standards | | Deferred Tax Liabilities | 4,912,874.25 | 1,260,000.00 | 289.91 | Arose from a business combination not under common control during the period | | Minority Interest | 62,904,861.90 | 36,023,072.56 | 74.62 | Arose from a business combination not under common control during the period | Progress of Significant Events and Analysis of Their Impact There were no significant events with progress to report during this period - Not applicable[21] Overdue Unfulfilled Commitments During the Reporting Period The company had no overdue unfulfilled commitments during the reporting period - Not applicable[21] Profit Warning for Cumulative Net Profit Until the Next Reporting Period The company warns of significant uncertainty in future net profit due to the COVID-19 pandemic's impact on supply chains and project execution - The company's performance from the beginning of the year to the end of the next reporting period is subject to significant uncertainty[21] - The ongoing impact of the domestic and international pandemic may affect the company's delivery schedules, as well as the implementation and acceptance of downstream customer projects, thereby impacting revenue recognition[21] - The company is unable to make an accurate performance forecast and advises investors to be aware of investment risks[21] Appendix Financial Statements This section contains the unaudited Q1 2020 financial statements, including consolidated and parent company balance sheets, income statements, and cash flow statements - Includes the Consolidated Balance Sheet, Parent Company Balance Sheet, Consolidated Income Statement, Parent Company Income Statement, Consolidated Cash Flow Statement, and Parent Company Cash Flow Statement[25][29][36][39][40][44] - All financial statements are unaudited[36][39][40][44] Adjustments to Opening Financial Statements upon First-time Adoption of New Standards in 2020 The company adopted the new revenue standard in 2020, resulting in the reclassification of 'advances from customers' to 'contract liabilities' on the opening balance sheet - Upon first-time adoption of the new revenue standard, the company reclassified RMB 222,181,590.26 from advances from customers to contract liabilities in its consolidated financial statements[46][51] - Upon first-time adoption of the new revenue standard, the company reclassified RMB 192,217,942.68 from advances from customers to contract liabilities in its parent company financial statements[53][55] Explanation of Retrospective Adjustments for Comparative Data The company did not retrospectively adjust comparative data for the adoption of new standards - Not applicable[56] Audit Report This quarterly report is unaudited and therefore does not include an audit report - Not applicable[56]