捷昌驱动(603583) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was ¥341,161,591.80, representing a year-on-year growth of 21.15%[10] - Net profit attributable to shareholders was ¥54,516,969.22, a decrease of 8.49% compared to the same period last year[10] - Basic earnings per share decreased by 22.45% to ¥0.38 from ¥0.49 in the previous year[10] - The company reported a net profit of RMB 688,493,606.27, compared to RMB 603,976,293.92 in the previous year, reflecting an increase of about 14.0%[27] - Total revenue for Q1 2020 was approximately ¥247.85 million, a decrease of 26.8% compared to ¥338.61 million in Q1 2019[43] - Net profit for Q1 2020 was approximately ¥46.65 million, down 36.4% from ¥73.46 million in Q1 2019[43] - Basic earnings per share for Q1 2020 were ¥0.32, compared to ¥0.61 in Q1 2019, reflecting a decline of 47.5%[45] - Operating profit for Q1 2020 was approximately ¥55.71 million, a decrease of 39.0% from ¥91.38 million in Q1 2019[43] - Total operating costs for Q1 2020 were $279.12 million, up 28.4% from $217.49 million in Q1 2019[37] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,252,082,247.25, an increase of 3.63% compared to the end of the previous year[10] - The company's total assets amounted to RMB 2,252,082,247.25, an increase from RMB 2,173,263,920.51 at the end of 2019[22] - The company's cash and cash equivalents were RMB 1,098,495,296.56, compared to RMB 1,081,977,249.85 at the end of 2019, showing a slight increase[22] - The company's total liabilities were RMB 378,910,738.28, down from RMB 405,740,292.88, indicating a decrease of approximately 6.5%[27] - Total assets increased to $2.14 billion in Q1 2020 from $2.09 billion in Q1 2019, reflecting a growth of 2.3%[33] - Total liabilities decreased to $249.76 million in Q1 2020 from $263.79 million in Q1 2019, a reduction of 5.3%[33] - The company's total equity increased to $1.89 billion in Q1 2020 from $1.83 billion in Q1 2019, representing a growth of 3.5%[33] Cash Flow - The net cash flow from operating activities was -¥64,421,649.20, compared to -¥3,251,756.06 in the previous year, indicating a significant decline[10] - Operating cash inflow for Q1 2020 was approximately ¥425.48 million, an increase of 4.2% from ¥406.01 million in Q1 2019[46] - Total cash inflow from operating activities was 380,632,534.54 RMB, slightly down from 394,119,128.22 RMB in the previous period[51] - Net cash flow from financing activities was 111,598,048.00 RMB, a substantial increase from 35,404,124.41 RMB in the previous period[50] - The net increase in cash and cash equivalents was 69,524,857.53 RMB, contrasting with a decrease of 104,151,060.18 RMB in the previous period[50] - The ending balance of cash and cash equivalents reached 913,597,509.80 RMB, up from 445,180,219.53 RMB in the previous period[50] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,584[16] - The largest shareholder, Hu Renchang, holds 30.00% of the shares, totaling 53,244,000 shares[16] Operational Metrics - Research and development expenses for Q1 2020 amounted to $16.12 million, an increase of 10.1% compared to $14.64 million in Q1 2019[37] - Accounts receivable decreased to RMB 131,148,333.09 from RMB 144,556,150.92, indicating a reduction of approximately 9.3%[22] - Inventory increased to RMB 331,837,206.35 from RMB 282,335,739.84, reflecting a growth of about 17.5%[22] - Accounts receivable increased to $373.42 million in Q1 2020 from $476.93 million in Q1 2019, indicating a decrease of 21.7%[31] - Inventory rose to $127.20 million in Q1 2020, up 23.5% from $103.02 million in Q1 2019[31] Other Financial Information - The company reported non-recurring gains of ¥3,094,663.09 for the quarter[15] - The company incurred operating costs of approximately ¥175.42 million in Q1 2020, down 22.8% from ¥227.17 million in Q1 2019[43] - The company reported a tax expense of approximately ¥9.14 million for Q1 2020, down from ¥18.08 million in Q1 2019, a decrease of 49.5%[43] - The company received 12,598,048.00 RMB from investment contributions, a notable increase from 1,615,000.00 RMB in the previous period[52] - The company faced increased tariffs on exports to the U.S., rising from 10% in Q1 2019 to 25% in Q1 2020, although these tariffs have been temporarily excluded[10] - The company has not reported any significant changes in accounting policies or estimates during the reporting period[19] - There are no overdue commitments or significant changes in net profit forecasts compared to the previous year[19]