伟明环保(603568) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 9.05% to CNY 435,944,457.12 compared to the same period last year[4] - Net profit attributable to shareholders decreased by 15.39% to CNY 196,353,560.59 compared to the same period last year[4] - Basic earnings per share decreased by 16.00% to CNY 0.21 compared to the same period last year[4] - The weighted average return on net assets decreased by 2.76 percentage points to 4.50% compared to the same period last year[4] - Total operating revenue for Q1 2020 was ¥435,944,457.12, a decrease of 9.06% compared to ¥479,349,544.28 in Q1 2019[27] - Net profit attributable to shareholders for Q1 2020 was ¥196,353,560.59, a decrease of 15.36% from ¥232,071,806.85 in Q1 2019[29] - The total comprehensive income attributable to the parent company was ¥196,353,560.59 in Q1 2020, compared to ¥232,071,806.85 in Q1 2019, reflecting a decrease of 15.4%[30] Assets and Liabilities - Total assets increased by 3.24% to CNY 7,138,508,661.03 compared to the end of the previous year[4] - The company's total assets reached RMB 7,138,508,661.03, compared to RMB 6,914,529,284.02 at the end of the previous year[22] - The total liabilities decreased to RMB 2,526,908,430.83 from RMB 2,680,393,978.16 year-on-year[21] - Current liabilities totaled ¥612,849,264.26, including accounts payable of ¥344,657,741.42 and employee compensation payable of ¥72,905,306.00[41] - Non-current liabilities reached ¥2,067,544,713.90, with long-term borrowings at ¥780,316,550.00 and bonds payable at ¥169,454,419.78[41] - The company’s total assets amount to 3,207,123,062.12, reflecting its overall financial position[46] Cash Flow - Net cash flow from operating activities was CNY 82,745,071.40, a significant improvement from a negative cash flow of CNY -22,580,455.58 in the same period last year[4] - The cash flow from financing activities showed a substantial improvement, with a net increase of 105,048,757.66 RMB in Q1 2020 compared to a net outflow of -334,413,144.44 RMB in Q1 2019[35] - The total cash inflow from operating activities was ¥498,724,718.88 in Q1 2020, compared to ¥341,023,520.42 in Q1 2019, showing a growth of 46.3%[34] - The company reported a total cash inflow from operating activities of 26,935,131.00 RMB in Q1 2020, down from 31,095,774.59 RMB in Q1 2019, representing a decrease of approximately 13.93%[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,154[7] - The largest shareholder, Weiming Group Co., Ltd., holds 42.63% of the shares[7] Government Support and Subsidies - The company received government subsidies amounting to CNY 2,609,121.19, primarily from amortization of government grants[5] Research and Development - The company reported a 44.78% decrease in R&D expenses to RMB 3,741,419.78 in Q1 2020, attributed to delays in research activities due to the COVID-19 pandemic[11] Investments and Projects - The company signed a PPP project contract for a waste incineration power plant in Pan'an County, with a daily processing capacity of 300 tons, and a cooperation period of 30 years[13] - In April 2020, the company successfully won the bid for a waste incineration project in Ningdu County, with a total processing capacity of 1,200 tons per day and a concession period of 30 years[13] - The company signed a total contract worth approximately RMB 227 million for the integrated project of urban waste collection and incineration in Suichang County[15] - The company established a wholly-owned subsidiary in Anyuan County, Jiangxi Province, to facilitate the construction of a waste incineration power plant with a daily processing capacity of 500 tons[14] Financial Position - The company’s intangible assets were valued at ¥3,570,635,800.99, indicating substantial investment in intellectual property[40] - The company has a provision for liabilities of 30,004,570.99, indicating anticipated future obligations[46] - The company has a deferred tax liability of 28,029,112.58, which may impact future tax expenses[46]