正平股份(603843) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was RMB 517,791,728.88, representing a growth of 10.62% year-on-year [5]. - Net profit attributable to shareholders of the listed company was a loss of RMB 9,034,126.99, worsening by 141.82% compared to the previous year [5]. - Basic earnings per share were reported at -0.02 yuan, a decrease of 100% compared to the previous year [5]. - The weighted average return on equity was -0.65%, a decrease of 0.37 percentage points year-on-year [5]. - The net loss for Q1 2020 was ¥8,563,033.49, compared to a net profit of ¥1,481,774.03 in Q1 2019 [31]. - The total profit for Q1 2020 was -¥9,074,384.16, down from a profit of ¥2,983,030.80 in Q1 2019 [31]. - The company reported a significant increase in financial expenses, totaling ¥31,890,438.01 in Q1 2020, compared to ¥25,632,201.28 in Q1 2019 [30]. - The basic earnings per share for Q1 2020 was -¥0.02, compared to -¥0.01 in Q1 2019 [31]. Cash Flow - The net cash flow from operating activities was a negative RMB 200,896,568.63, a decline of 817.11% compared to the same period last year [5]. - Cash flow from operating activities in Q1 2020 was ¥978,859,730.14, a substantial increase from ¥618,824,665.74 in Q1 2019 [36]. - Net cash flow from operating activities was negative CNY 200,896,568.63 in Q1 2020, a decline from negative CNY 21,905,371.14 in Q1 2019 [37]. - Cash inflow from financing activities totaled CNY 320,027,000.00 in Q1 2020, significantly higher than CNY 145,895,000.00 in Q1 2019, marking an increase of approximately 119% [38]. - Net cash flow from financing activities was CNY 152,324,388.08 in Q1 2020, compared to CNY 42,677,452.71 in Q1 2019, indicating a substantial improvement [38]. - The company reported a net cash flow from investing activities of negative CNY 17,427,280.04 in Q1 2020, an improvement from negative CNY 25,929,693.89 in Q1 2019 [37]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 6,740,263,482.56, an increase of 2.31% compared to the end of the previous year [5]. - Current liabilities totaled ¥4,480,981,633.28, slightly up from ¥4,473,597,177.13, indicating a marginal increase of 0.19% [24]. - Non-current liabilities rose to ¥650,992,746.35 from ¥522,671,598.66, representing a significant increase of about 24.5% [25]. - Total liabilities reached ¥5,131,974,379.63, compared to ¥4,996,268,775.79, marking an increase of approximately 2.7% [25]. - Owner's equity totaled ¥1,608,289,102.93, up from ¥1,591,565,295.43, reflecting a growth of about 1.05% [25]. - Total current assets rose to ¥3,578,824,932.42 from ¥3,048,334,734.05, indicating an increase of approximately 17.4% [27]. - Total assets increased to ¥6,740,263,482.56, up from ¥6,587,834,071.22, reflecting a growth of approximately 2.32% [24]. - The total liabilities were ¥4,996,268,775.79, while total equity stood at ¥1,591,565,295.43 [45]. Shareholder Information - The total number of shareholders at the end of the reporting period was 39,880 [11]. - The top shareholder, Jin Shengguang, held 149,255,273 shares, accounting for 26.65% of the total shares [11]. - The company’s controlling shareholder reduced their holdings by 13,250,940 shares, representing 2.3662% of the total shares [15]. Inventory and Receivables - Accounts receivable decreased by 60.89% to ¥413,333,411.21 from ¥1,056,982,294.92 due to reclassification under new accounting standards [14]. - Inventory decreased by 94.76% to ¥143,856,465.87 from ¥2,742,748,785.43, primarily due to reclassification under new accounting standards [14]. - Inventory significantly decreased to ¥9,749,457.11 from ¥1,548,117,817.34, a drop of approximately 99.4% [27]. - Accounts receivable decreased to ¥97,816,417.59 from ¥226,348,212.43, indicating a decline of about 56.7% [26]. Government Support and Donations - The company received government subsidies amounting to RMB 661,960.79, which are closely related to its normal business operations [8]. - The company donated ¥3 million to support medical workers combating the COVID-19 pandemic [17]. Other Financial Metrics - The company recorded a credit impairment loss of ¥5,340,641.84 in Q1 2020, with no such loss reported in Q1 2019 [30]. - The company’s management expenses decreased to ¥21,169,165.76 in Q1 2020 from ¥24,354,463.86 in Q1 2019, a reduction of 13.0% [30]. - The company reported an increase in other income to ¥661,960.79 in Q1 2020, down from ¥1,159,225.77 in Q1 2019 [30].