隆鑫通用(603766) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue fell by 29.45% to CNY 161,825.05 million year-on-year[11] - Net profit attributable to shareholders decreased by 47.41% to CNY 10,619.47 million compared to the same period last year[11] - Basic earnings per share dropped by 47.41% to CNY 0.0517 per share[11] - The net profit after deducting non-recurring gains and losses decreased by 57.24% to CNY 8,212.70 million[11] - The total profit for the current period is 114,484,749.08, compared to 242,489,221.09 in the previous period, indicating a decrease of approximately 52.8%[58] - The net profit attributable to shareholders of the parent company is 106,194,726.80, down from 201,912,327.86, reflecting a decline of about 47.4%[58] - The operating revenue for Q1 2020 is 437,558,810.24, a decrease of 30.6% from 631,433,584.21 in Q1 2019[61] - The total comprehensive income for the current period is 92,968,986.79, down from 190,646,374.64, indicating a decline of about 51.2%[58] Cash Flow - Net cash flow from operating activities was negative at CNY -25,101.49 million, a decrease of 284.88% year-on-year[11] - The cash inflow from operating activities is 2,058,577,314.87, compared to 2,426,238,305.62 in the previous period, reflecting a decrease of approximately 15.2%[63] - The net cash flow from operating activities was -251,014,850.89 RMB, a significant decrease compared to 135,775,136.14 RMB in the previous period[66] - Cash inflow from investment activities totaled 3,100,184,741.09 RMB, down from 4,199,461,752.56 RMB year-over-year[66] - The net cash flow from investment activities was -32,821,878.47 RMB, an improvement from -294,105,696.72 RMB in the previous period[66] - Cash inflow from financing activities was 889,038,006.51 RMB, compared to 1,162,233,511.60 RMB in the prior year[68] - The net cash flow from financing activities was 122,688,272.39 RMB, a decrease from 425,124,405.28 RMB year-over-year[68] Assets and Liabilities - Total assets decreased by 5.94% to CNY 1,235,069.61 million compared to the end of the previous year[11] - Total current assets decreased from CNY 6,835,563,655.91 to CNY 6,104,669,140.71, a decline of approximately 10.7%[40] - Total liabilities decreased from CNY 5,602,013,763.32 to CNY 4,728,582,347.70, a decrease of approximately 15.5%[46] - Total equity increased from CNY 7,529,144,719.62 to CNY 7,622,113,706.41, an increase of approximately 1.2%[46] - Total assets amounted to approximately ¥13.13 billion, with current assets at ¥6.84 billion and non-current assets at ¥6.30 billion[72] - Total liabilities reached approximately ¥5.60 billion, with current liabilities at ¥5.16 billion and non-current liabilities at ¥0.44 billion[76] - Owner's equity totaled $3.96 billion, including retained earnings of $1.36 billion[84] Shareholder Information - The number of shareholders at the end of the reporting period was 43,304[18] - The largest shareholder, Longxin Holdings Co., Ltd., holds 50.07% of the shares, with 1,028,236,055 shares frozen[18] Revenue Breakdown - The company's motorcycle and engine business generated revenue of CNY 973 million, down 20.87% year-on-year, while the "Wuji" series motorcycles saw revenue growth of 118.47%[24] - The company experienced a significant decrease in revenue from four-wheeled low-speed electric vehicles, which fell by 75.51% to CNY 27 million[24] - Total operating revenue for Q1 2020 was ¥1,618,250,501.67, a decrease of approximately 29.4% compared to ¥2,293,656,918.90 in Q1 2019[56] Expenses - The company’s financial expenses decreased by 150.23% due to fluctuations in the RMB to USD exchange rate[29] - Research and development expenses for Q1 2020 were ¥55,999,752.45, slightly down from ¥58,956,498.42 in Q1 2019, indicating a decrease of about 5.2%[56] - The cash paid to employees decreased from 212,264,336.27 RMB to 198,843,668.06 RMB[66] - The cash paid for taxes increased from 58,677,155.15 RMB to 96,832,586.11 RMB[66] Legal Matters - The company is involved in a legal dispute regarding a share transfer agreement, with a court hearing scheduled for May 15, 2020[36] Other Financial Metrics - The weighted average return on net assets decreased by 1.59 percentage points to 1.52%[11] - The company’s investment income increased by 110.48% to CNY 4.45 million, recovering from losses in the same period last year[29] - The company has ongoing construction projects valued at approximately ¥198.45 million, indicating future growth potential[72] - The company’s deferred tax assets were approximately ¥91.94 million, suggesting potential future tax benefits[72]