Financial Performance - Operating revenue decreased by 8.95% to CNY 192,783,638.29 compared to the same period last year[6] - Net profit attributable to shareholders increased by 1.19% to CNY 27,094,180.81 compared to the same period last year[6] - The company reported a decrease of 3.63% in net profit after deducting non-recurring gains and losses[6] - Total revenue for Q1 2020 was CNY 192,783,638.29, a decrease of 8.5% compared to CNY 211,740,137.68 in Q1 2019[24] - Net profit for Q1 2020 was CNY 29,777,821.15, compared to CNY 29,158,460.10 in Q1 2019, reflecting a growth of 2.1%[24] - Net profit for Q1 2020 reached CNY 27,094,180.81, up from CNY 26,775,007.57 in the same period last year, reflecting a growth of 1.2%[26] - The total profit for Q1 2020 was CNY 31,063,126.51, compared to CNY 30,202,560.21 in Q1 2019, indicating an increase of 2.9%[26] Cash Flow - Net cash flow from operating activities decreased by 43.27% to CNY 40,856,406.37 compared to the same period last year[6] - Cash received from operating activities decreased by 43.83% to CNY 3,253,056.29, primarily due to a reduction in export tax refunds[15] - Cash flow from operating activities in Q1 2020 was CNY 254,815,036.23, down from CNY 270,488,530.15 in Q1 2019, a decline of 5.8%[29] - Operating cash inflow for Q1 2020 was CNY 264,708,464.31, a decrease of 4.3% compared to CNY 278,540,599.48 in Q1 2019[30] - The company reported a net increase in cash and cash equivalents of CNY 85,086,521.88, contrasting with a decrease of CNY 2,553,234.18 in the previous year[31] Assets and Liabilities - Total assets increased by 2.12% to CNY 1,446,122,298.12 compared to the end of the previous year[6] - The company’s total assets as of March 31, 2020, amounted to CNY 1,446,122,298.12, an increase from CNY 1,416,118,146.51 at the end of 2019[19] - Total liabilities increased to CNY 158,396,433.05 from CNY 143,617,054.80, marking an increase of 10.2%[23] - Total liabilities amounted to CNY 290,773,465.13, with current liabilities at CNY 270,677,972.58 and non-current liabilities at CNY 20,095,492.55[37] - The company reported fixed assets valued at CNY 160,006,376.97 and intangible assets at CNY 8,453,568.05[41] Shareholder Information - The number of shareholders at the end of the reporting period was 7,239[11] - The basic and diluted earnings per share remained unchanged at CNY 0.16[6] - Shareholders' equity rose to CNY 840,654,780.59 from CNY 820,805,908.89, indicating a growth of 2.1%[24] - Total equity attributable to shareholders reached CNY 1,125,344,681.38, with retained earnings of CNY 505,690,902.64 and surplus reserves of CNY 43,339,570.02[38] Research and Development - Research and development expenses were CNY 6,490,289.12, a decrease of 37.12% compared to CNY 10,321,327.01 in the previous year, primarily due to reduced working hours during the pandemic[15] - The company reported a decrease in research and development expenses to CNY 2,835,891.02 from CNY 4,458,490.28 in Q1 2019, a reduction of 36.4%[26] Other Income and Expenses - Non-operating income totaled CNY 2,339,299.64 for the period[9] - The company reported a significant increase in other income, which rose to CNY 1,465,850.10, up 536.55% from CNY 230,281.71, mainly due to increased government subsidies[15] - The company incurred credit impairment losses of CNY -1,434,858.32 in Q1 2020, compared to CNY -188,448.46 in Q1 2019, indicating a significant increase in losses[25] Investment Activities - The company’s investment cash outflow decreased by 47.62% to CNY 110,000,000.00, reflecting reduced spending on financial products[15] - Investment cash inflow totaled CNY 159,995,731.50, an increase of 5.4% from CNY 152,055,083.68 in Q1 2019[30] - Net cash flow from investment activities was CNY 43,425,565.81, a significant recovery from a negative CNY 72,982,791.66 in the same period last year[30]
大元泵业(603757) - 2020 Q1 - 季度财报