醋化股份(603968) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders rose by 15.7% to CNY 60,164,772.77 year-on-year[8] - Operating revenue decreased by 8.57% to CNY 493,206,445.23 compared to the same period last year[8] - Total revenue for Q1 2020 was ¥493,206,445.23, a decrease of 8.6% compared to ¥539,452,967.94 in Q1 2019[27] - Net profit for Q1 2020 reached ¥60,164,772.77, an increase of 15.5% from ¥52,000,043.48 in Q1 2019[28] - Basic earnings per share for Q1 2020 were ¥0.29, compared to ¥0.25 in Q1 2019[28] - Operating profit for Q1 2020 was ¥60.24 million, slightly higher than ¥58.91 million in Q1 2019, indicating a growth of 2.3%[31] - Net profit for Q1 2020 reached ¥51.60 million, up 2.2% from ¥50.47 million in Q1 2019[31] Cash Flow - Net cash flow from operating activities increased by 60.85% to CNY 68,282,631.06 year-on-year[8] - The net cash flow from operating activities for Q1 2020 was CNY 76,781,452.19, an increase of 11.6% compared to CNY 68,772,617.68 in Q1 2019[36] - Cash inflow from operating activities totaled CNY 309,841,936.22, compared to CNY 280,242,363.14 in the previous year, indicating a year-over-year increase of 10.6%[36] - Cash flow from operating activities increased to ¥68.28 million in Q1 2020, compared to ¥42.45 million in Q1 2019, representing a growth of 60.7%[35] - Cash inflow from financing activities was CNY 224,332,703.20, compared to CNY 170,070,300.00 in Q1 2019, representing a growth of 31.9%[37] - The net cash flow from financing activities for Q1 2020 was CNY 53,079,259.81, slightly up from CNY 49,339,927.18 in Q1 2019, showing an increase of 5.3%[37] Assets and Liabilities - Total assets increased by 8.9% to CNY 2,275,123,569.03 compared to the end of the previous year[8] - Total assets as of March 31, 2020, amounted to CNY 2,275,123,569.03, up from CNY 2,089,275,738.61 at the end of 2019[20] - Current assets totaled CNY 1,599,459,373.82, an increase from CNY 1,388,941,905.38 at the end of 2019[18] - Total liabilities increased to CNY 647,758,483.44 from CNY 515,288,322.48[20] - Total liabilities for Q1 2020 were ¥486,138,168.40, an increase from ¥416,852,048.53 in Q1 2019[23] Inventory and Expenses - Inventory increased by 30.81% to CNY 139,895,595.10, indicating a rise in finished goods stock[13] - The company reported an increase in inventory to CNY 139,895,595.10 from CNY 106,945,056.41[18] - Research and development expenses for Q1 2020 were ¥3,589,617.00, slightly down from ¥3,966,527.04 in Q1 2019[27] - Research and development expenses decreased to ¥2.99 million in Q1 2020 from ¥3.97 million in Q1 2019, a reduction of 24.5%[31] - Financial expenses showed a significant decrease of 227.03% to -CNY 9,453,124.38, primarily due to fluctuations in the USD exchange rate[14] - The company reported a decrease in financial expenses, showing a net income of ¥7.13 million in Q1 2020 compared to an expense of ¥5.16 million in Q1 2019[31] Shareholder Information - The number of shareholders reached 13,443 at the end of the reporting period[12] Other Comprehensive Income - Other comprehensive income for Q1 2020 was a loss of ¥9,312,450.30, contrasting with a gain of ¥8,781,249.94 in Q1 2019[28]