华荣股份(603855) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders of the listed company was CNY 38,871,713.50, representing an increase of 13.55% year-on-year[11]. - Operating income for the period was CNY 361,083,894.09, reflecting a growth of 1.35% compared to the same period last year[11]. - Basic earnings per share increased by 20% to CNY 0.12 from CNY 0.10 in the same period last year[11]. - The weighted average return on net assets rose to 2.55%, an increase of 0.21 percentage points compared to the previous year[11]. - The company reported a decrease in accounts receivable to CNY 845,300,064.12 from CNY 872,268,015.66, a decline of about 3.1%[36]. - The company's total profit for Q1 2020 was approximately ¥48.30 million, an increase from ¥41.97 million in Q1 2019, marking a growth of 15.5%[44]. - The net profit for Q1 2020 reached ¥41.04 million, compared to ¥35.47 million in Q1 2019, indicating a year-over-year increase of 15.5%[44]. Cash Flow - The net cash flow from operating activities improved significantly to CNY -13,551,289.95, a 73.51% increase compared to CNY -51,149,977.41 in the previous year[11]. - Net cash flow from operating activities improved by 73.51% to -¥13,551,289.95 from -¥51,149,977.41 year-over-year, mainly due to lower tax payments[20]. - The net cash flow from operating activities in Q1 2020 was -CNY 16.20 million, an improvement from -CNY 52.39 million in Q1 2019[54]. - The cash inflow from investment activities in Q1 2020 was CNY 152.09 million, down from CNY 234.23 million in Q1 2019, indicating a decrease of approximately 35%[54]. - The net cash flow from financing activities in Q1 2020 was CNY 9.91 million, compared to CNY 49.82 million in Q1 2019, reflecting a decrease of about 80%[54]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,835,346,017.95, a decrease of 0.91% compared to the end of the previous year[11]. - Total liabilities decreased to CNY 1,254,506,820.93 from CNY 1,319,618,030.50, showing a reduction of about 4.9%[38]. - Current liabilities decreased to ¥1,240,633,234.55 from ¥1,312,715,887.54, indicating a reduction in short-term obligations[30]. - The company reported cash and cash equivalents of CNY 701,641,505.13 as of December 31, 2019[59]. - Total current assets amounted to CNY 2,326,245,464.82 as of December 31, 2019[59]. Shareholder Information - The total number of shareholders at the end of the reporting period was 17,960[17]. - The largest shareholder, Hu Zhihong, held 35.19% of the shares, amounting to 118,670,000 shares, with 49,300,000 shares pledged[17]. - The company's equity attributable to shareholders increased to CNY 1,541,371,021.54 from CNY 1,500,181,307.86, reflecting a growth of approximately 2.7%[38]. Government Support and Other Income - The company received government subsidies amounting to CNY 866,980.10, which are closely related to its normal business operations[15]. - Non-recurring gains and losses totaled CNY 2,542,106.12 for the period[17]. - The company recorded investment income of approximately ¥1.19 million in Q1 2020, down from ¥3.76 million in Q1 2019, reflecting a decrease of 68.4%[44]. Inventory and Investments - Inventory levels rose to CNY 372,424,464.23 from CNY 356,206,471.07, indicating an increase of about 4.6%[36]. - The company's long-term equity investments increased to CNY 61,908,060.32 from CNY 46,400,602.66, showing a growth of approximately 33.5%[36]. - Trading financial assets increased by 79.69% to ¥91,447,748.74 compared to ¥50,892,314.06 at the end of 2019, mainly due to an increase in wealth management products[20].