鼎胜新材(603876) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 38.30% to CNY 36,886,150.95 from CNY 59,781,957.46 year-on-year[15] - Operating revenue declined by 4.42% to CNY 2,615,481,356.36 compared to CNY 2,736,559,339.62 in the same period last year[15] - Basic earnings per share decreased by 35.71% to CNY 0.09 from CNY 0.14 in the previous year[15] - Total operating revenue for Q1 2020 was ¥2,615,481,356.36, a decrease of 4.4% compared to ¥2,736,559,339.62 in Q1 2019[50] - Net profit for Q1 2020 was ¥37,326,877.08, a decline of 38.3% from ¥60,495,114.26 in Q1 2019[52] - Total comprehensive income for Q1 2020 was ¥21,026,855.83, down from ¥56,384,522.60 in Q1 2019, a decrease of 62.7%[52] Cash Flow - Net cash flow from operating activities improved significantly to CNY 1,261,942.89 from a negative CNY 116,985,213.64 year-on-year[15] - The net cash flow from operating activities for Q1 2020 was CNY 1,261,942.89, a significant recovery from a negative CNY 116,985,213.65 in Q1 2019, attributed to increased sales revenue[28] - Cash flow from operating activities was CNY 1.26 million in Q1 2020, a recovery from a negative cash flow of CNY -116.99 million in Q1 2019[60] - The net cash flow from operating activities for Q1 2020 was ¥164,777,337.95, a significant improvement compared to a net outflow of ¥267,095,636.16 in Q1 2019[62] - Total cash inflow from operating activities was ¥1,911,954,254.78, slightly down from ¥1,957,918,054.18 in the previous year[62] - Cash outflow from operating activities decreased to ¥1,747,176,916.83 from ¥2,225,013,690.34 year-over-year[62] Assets and Liabilities - Total assets increased by 7.61% to CNY 14,568,190,312.04 compared to the end of the previous year[15] - The company’s total liabilities increased, reflecting ongoing investments and operational adjustments in response to market conditions[28] - Total liabilities reached ¥10,656,022,202.81, compared to ¥9,646,376,002.35, reflecting an increase of approximately 10.4%[40] - Non-current liabilities rose to ¥2,563,892,458.95 from ¥2,339,452,582.01, reflecting an increase of about 9.6%[40] - Current liabilities totaled ¥8,092,129,743.86, compared to ¥7,306,923,420.34, indicating a growth of approximately 10.8%[38] - Total current assets increased to CNY 8,299,139,511.83 as of March 31, 2020, up from CNY 7,361,577,983.33 as of December 31, 2019[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,010[22] - The largest shareholder, Hangzhou Dingsheng Industrial Group Co., Ltd., holds 31.99% of the shares[22] Research and Development - Research and development expenses surged by 184.52% to CNY 57,737,881.88 in Q1 2020 compared to CNY 20,292,998.86 in Q1 2019, reflecting increased investment in new products and technologies[28] - Research and development expenses for Q1 2020 were ¥57,737,881.88, significantly higher than ¥20,292,998.86 in Q1 2019, marking an increase of 184.5%[50] Other Income and Expenses - The company received government subsidies amounting to CNY 5,205,133.20 related to its normal business operations[17] - Other income rose by 188.48% to CNY 5,205,133.20 in Q1 2020 from CNY 1,804,339.16 in Q1 2019, primarily due to increased government subsidies[28] - The company incurred a loss of CNY 10.54 million from investments in Q1 2020, contrasting with a profit of CNY 9.62 million in Q1 2019[55]