晶华新材(603683) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 155,374,933.21, representing a decline of 19.81% year-on-year[6] - Net profit attributable to shareholders was CNY -1,436,407.95, a decrease of 347.35% compared to the same period last year[6] - Basic and diluted earnings per share were both CNY -0.0113, a decrease of 345.65% year-on-year[6] - The company reported a net loss from credit impairment of ¥277,352.42 in Q1 2020, compared to ¥41,461.54 in Q1 2019, indicating a deterioration in asset quality[27] - The total comprehensive income for Q1 2020 was a loss of ¥2,560,979.50, compared to a loss of ¥424,085.27 in Q1 2019[28] Cash Flow - Net cash flow from operating activities was CNY -51,488,610.25, a significant increase in outflow of 2,231.35% compared to the previous year[6] - The cash inflow from operating activities for the parent company was CNY 15,244,081.48 in Q1 2020, slightly down from CNY 16,007,844.83 in Q1 2019[38] - The net cash flow from operating activities for the parent company was -CNY 35,133,943.80 in Q1 2020, worsening from -CNY 21,481,037.19 in Q1 2019[38] - The cash outflow from operating activities was CNY 220,779,060.20 in Q1 2020, up from CNY 198,716,234.23 in Q1 2019, indicating a rise of 11.1%[34] - The net cash flow from investment activities improved to CNY 42,709,890.15 in Q1 2020, compared to -CNY 52,846,571.15 in Q1 2019[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,491,176,443.25, a decrease of 1.37% compared to the end of the previous year[6] - Total liabilities decreased from ¥685,469,712.68 to ¥667,137,113.28, a decrease of about 2%[22] - Current liabilities decreased from ¥502,597,844.27 to ¥469,948,086.31, a reduction of about 6.5%[22] - Non-current liabilities increased from ¥182,871,868.41 to ¥197,189,026.97, an increase of approximately 7%[22] - Total current assets increased from ¥126,263,565.78 to ¥170,434,756.77, an increase of approximately 35%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,102[9] - The top two shareholders, Zhou Xiaonan and Zhou Xiaodong, held 28.87% and 28.30% of shares respectively, both of which are pledged[9] Expenses - Sales expenses decreased by 31.22% to CNY 6,389,869.53, primarily due to a reduction in transportation and travel expenses[15] - R&D expenses increased by 58.43% to CNY 7,860,198.22, mainly due to increased investment in research and development[15] - Financial expenses increased by 61.81% to CNY 4,808,813.22, primarily due to an increase in borrowing interest expenses[15] Investment Activities - The company plans to establish an investment fund with a capital contribution of CNY 40 million[16] - The company has completed the transfer of a 11.43% stake in an investment fund for CNY 41,442,904[16] Other Financial Metrics - The weighted average return on equity decreased by 0.25 percentage points to -0.18%[6] - Non-recurring gains and losses totaled CNY 2,176,744.21 for the reporting period[8] - Trading financial assets decreased by 48.53% to CNY 5,335,073.93, primarily due to a reduction in the redemption of wealth management products[13] - Accounts receivable decreased by 44.85% to CNY 1,702,211.32, mainly due to a decrease in the endorsement transfer of notes receivable[13]