国茂股份(603915) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 331,733,999.90, representing a decline of 26.07% year-on-year [12]. - Net profit attributable to shareholders was CNY 32,371,609.16, down 34.55% from the same period last year [12]. - Basic earnings per share decreased by 46.15% to CNY 0.07 compared to CNY 0.13 in the same quarter last year [12]. - The net profit for Q1 2020 was RMB 32,562,590.18, a decrease of 34.16% compared to RMB 49,458,500.78 in Q1 2019, primarily due to the impact of the pandemic on sales revenue [22]. - Total operating revenue for Q1 2020 was $331.73 million, down 26.1% from $448.73 million in Q1 2019 [43]. - Net profit for Q1 2020 was $32.56 million, representing a decline of 34.1% from $49.46 million in Q1 2019 [46]. - Total profit for Q1 2020 was $37.11 million, a decrease of 35.2% from $57.28 million in Q1 2019 [46]. - Total comprehensive income for the first quarter of 2020 was CNY 32,729,023.83, compared to CNY 50,593,289.64 in the first quarter of 2019, representing a decrease of approximately 35.3% [52]. Cash Flow - The net cash flow from operating activities was CNY -47,772,234.12, an improvement from CNY -113,086,323.52 in the previous year [12]. - Cash inflow from operating activities totaled CNY 388,649,084.21 in Q1 2020, a decrease of 2.4% from CNY 396,584,294.32 in Q1 2019 [55]. - Cash outflow from operating activities was CNY 436,421,318.33, down from CNY 509,670,617.84 in the previous year, reflecting a reduction of 14.4% [55]. - Cash inflow from investment activities was CNY 201,399,269.94, with cash outflow totaling CNY 243,006,463.59, resulting in a net cash flow of negative CNY 41,607,193.65 [55]. - The company’s cash flow from financing activities resulted in a net outflow of CNY 21,497,726.05 in Q1 2020, compared to a net outflow of CNY 471,698.11 in Q1 2019, indicating a significant increase in financing activity [55]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,258,859,464, a decrease of 2.52% compared to the end of the previous year [12]. - Total liabilities amounted to CNY 970,068,202.80, a decrease from CNY 1,092,944,185.75 in the previous period, reflecting a reduction of approximately 11.2% [33]. - Current assets totaled CNY 2,414,779,893.59, down from CNY 2,549,086,715.22, indicating a decline of about 5.3% [37]. - The total assets decreased from RMB 3,342,937,353.41 to RMB 3,258,859,464.00, reflecting a reduction in current assets [28]. - The total equity attributable to shareholders reached CNY 2,281,956,620.36, compared to CNY 2,249,993,167.66, marking an increase of approximately 1.4% [33]. Shareholder Information - The total number of shareholders at the end of the reporting period was 24,446 [19]. - The largest shareholder, Guomao Reducer Group Co., Ltd., held 51.45% of the shares [19]. Expenses - The company's management expenses increased by 35.90% from RMB 8,463,144.09 to RMB 11,501,508.61, mainly due to increased employee benefits and intermediary fees [22]. - Research and development expenses for Q1 2020 were $11.31 million, slightly decreased from $12.70 million in Q1 2019 [43]. - Sales expenses in Q1 2020 were $18.64 million, down 29.5% from $26.38 million in Q1 2019 [43]. Other Income - The company received government subsidies amounting to CNY 1,744,272.64 during the reporting period [14]. - The company reported a non-operating income of CNY 2,539,485.80, which includes various non-recurring gains [16]. - The company reported an investment income of $1.26 million in Q1 2020, with no prior year data available for comparison [43].