盛洋科技(603703) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 23.47% year-on-year to CNY 1,054,610.81[6]. - Operating revenue for the period was CNY 173,026,437.01, representing a slight increase of 0.20% compared to the same period last year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 106.55% to CNY 369,194.32[6]. - The basic and diluted earnings per share were both CNY 0.00, reflecting a 100% decrease compared to the previous year[6]. - Net profit for Q1 2020 was CNY 2,850,707.83, down from CNY 4,768,049.99 in Q1 2019, indicating a decline of about 40.25%[27]. - The total comprehensive income for Q1 2020 was ¥2,704,027.20, compared to ¥3,144,259.81 in Q1 2019, reflecting a decline of 13.9%[28]. - The company reported a decrease in sales revenue from goods and services to 70,029,322.85 RMB, down from 82,138,278.34 RMB in Q1 2019[35]. Cash Flow - The net cash flow from operating activities decreased significantly by 2,608.41% to -CNY 17,235,346.27[6][7]. - The company's cash flow from operating activities showed a net outflow of -17,235,346.27, a significant increase of 2,608.41% compared to the previous period[13]. - The company reported a net cash outflow from operating activities of ¥17,235,346.27, worsening from a net outflow of ¥636,364.76 in the same period last year[32]. - The company experienced a cash outflow of 115,822,512.26 RMB in operating activities, compared to 88,040,915.71 RMB in Q1 2019, indicating increased operational costs[36]. - The net cash flow from investing activities was -549,486.26 RMB, an improvement from -1,390,354.99 RMB in Q1 2019[36]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,386,538,841.83, a decrease of 0.85% compared to the end of the previous year[6]. - The company's total liabilities amounted to 809,242,218.78, a decrease from the previous period[19]. - Total liabilities reached CNY 841,801,016.73, with current liabilities at CNY 823,426,249.05[40]. - The total current assets were CNY 457,516,334.50, with cash and cash equivalents at CNY 80,668,831.98[43]. - The company had short-term borrowings of CNY 557,803,838.13 and accounts payable of CNY 131,404,083.47[39]. Shareholder Information - The number of shareholders at the end of the reporting period was 11,253[11]. - The largest shareholder, Shaoxing Shengyang Electric Co., Ltd., held 34.15% of the shares, with 78,432,598 shares pledged[11]. - The total equity attributable to shareholders was CNY 441,834,698.10 as of March 31, 2020, slightly up from CNY 440,900,085.58 at the end of 2019[24]. Government Support and Other Income - The company received government subsidies amounting to CNY 1,617,172.92, which were included in non-recurring gains and losses[9]. - The other income for Q1 2020 was ¥262,190.52, a significant drop from ¥7,005,387.21 in Q1 2019, indicating challenges in generating ancillary revenue[31]. Investment and Financing Activities - The company plans to raise up to 700 million RMB through a non-public offering of A-shares to fund communication tower infrastructure and smart warehousing projects[14]. - Total cash inflow from financing activities was 257,465,096.29 RMB, up from 210,000,000.00 RMB in the same period last year[36]. - The company paid 100,000,000.00 RMB in debt repayment, slightly lower than 105,533,858.57 RMB in the previous year[36].