宁波高发(603788) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was CNY 170,046,868.60, a decrease of 23.50% compared to CNY 222,276,513.39 in the same period last year[13] - Net profit attributable to shareholders was CNY 35,998,122.23, down 15.31% from CNY 42,507,650.41 year-on-year[6] - The company reported a basic earnings per share of CNY 0.16, down 11.11% from CNY 0.18[6] - Net profit for Q1 2020 was CNY 35,998,122.23, a decline of 16.3% from CNY 42,977,719.61 in Q1 2019[30] - The total profit for Q1 2020 was CNY 42,354,461.06, a decrease of 8.5% from CNY 46,206,438.46 in Q1 2019[33] Cash Flow - The net cash flow from operating activities was CNY 2,347,488.24, a significant decline of 94.33% compared to CNY 41,422,134.60 in the previous year[6] - Cash inflow from operating activities totaled CNY 257,705,231.89, down 19.6% from CNY 320,611,413.93 in Q1 2019[36] - Cash outflow from operating activities was CNY 255,357,743.65, a decrease of 8.5% compared to CNY 279,189,279.33 in the previous year[36] - The net cash flow from investment activities for Q1 2020 was CNY 3,328,986.80, a decrease of 86.5% compared to CNY 24,690,862.66 in Q1 2019[39] - The company reported a cash inflow of CNY 5,000,000.00 from financing activities, with a net cash flow of CNY 4,924,749.07 after outflows[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,152,890,597.97, a decrease of 0.89% from CNY 2,172,263,537.55 at the end of the previous year[6] - Total liabilities decreased from CNY 318.51 million at the end of 2019 to CNY 263.14 million as of March 31, 2020[21] - Total assets as of the end of Q1 2020 amounted to CNY 2,149,233,492.90, slightly down from CNY 2,171,448,802.28 at the end of Q1 2019[25] - Total liabilities decreased to CNY 262,146,151.59 in Q1 2020 from CNY 319,954,667.02 in Q1 2019, a reduction of 18%[25] - The total equity of the company increased to CNY 1,887,087,341.31 in Q1 2020 from CNY 1,851,494,135.26 in Q1 2019, showing a growth of 1.9%[25] Operational Impact - Revenue decreased due to the impact of the COVID-19 pandemic on the automotive industry and the exclusion of Sherry Mann Electronics from the consolidation scope[14] - Operating costs decreased in line with the reduction in revenue and the exclusion of Sherry Mann Electronics from the consolidation scope[14] - Sales expenses declined due to lower warehousing and transportation costs, as well as the exclusion of Sherry Mann Electronics from the consolidation scope[14] - Management expenses decreased primarily due to social security fee reductions and the exclusion of Sherry Mann Electronics from the consolidation scope[14] - The overall impact of the pandemic on the company's financial status and operating results will depend on the effectiveness of pandemic control measures and the duration of the outbreak[15] Shareholder Information - The total number of shareholders was 7,581 at the end of the reporting period[10] - The company received government subsidies amounting to CNY 2,797,366.00 during the reporting period[6] Other Financial Metrics - The weighted average return on equity was 1.92%, a decrease of 0.25 percentage points from 2.17% in the previous year[6] - Accounts receivable decreased by 36.36% to CNY 126,762,129.95 from CNY 199,201,248.29[11] - Prepayments increased by 286.57% to CNY 18,147,919.16 from CNY 4,694,623.83[11] - Research and development expenses for Q1 2020 were CNY 9,037,150.44, down from CNY 10,684,850.02 in Q1 2019, indicating a 15.4% reduction[29] - Financial income increased due to higher interest income[14]