恒润股份(603985) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥50,039,135.56, representing a significant increase of 118.31% year-on-year[11]. - Operating revenue for the period was ¥386,682,741.30, reflecting a growth of 46.54% compared to the same period last year[11]. - Basic earnings per share increased to ¥0.3437, up 118.36% from ¥0.1574 in the same period last year[11]. - The net profit for Q1 2020 was RMB 56,316,549.74, compared to RMB 22,567,480.17 in Q1 2019, indicating a significant increase of 149.5%[36]. - The total profit for Q1 2020 was CNY 3,566,151.55, a decrease of 62.9% from CNY 9,606,387.45 in Q1 2019[43]. - The company's operating income for Q1 2020 was CNY 54,880,821.48, a decrease of 27.8% compared to CNY 75,953,409.68 in Q1 2019[41]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,026,250,274.80, an increase of 3.94% compared to the end of the previous year[11]. - The total liabilities increased to RMB 804,549,341.61 as of March 31, 2020, compared to RMB 775,945,720.72 at the end of 2019[28]. - The total assets as of March 31, 2020, amounted to RMB 1,143,618,648.45, an increase from RMB 1,061,579,552.71 at the end of 2019[34]. - The total liabilities as of March 31, 2020, were RMB 392,756,075.61, compared to RMB 313,748,208.69 at the end of 2019, representing a rise of 25.2%[36]. Cash Flow - The net cash flow from operating activities was ¥13,041,101.77, a recovery from a negative cash flow of ¥95,022,552.68 in the previous year[11]. - The company's cash flow from operating activities in Q1 2020 was CNY 301,051,469.93, an increase from CNY 198,273,615.59 in Q1 2019[43]. - Total cash inflow from operating activities reached 376,370,985.64 RMB, while cash outflow was 363,329,883.87 RMB, resulting in a net cash inflow of 13,041,101.77 RMB[47]. - The company's cash flow from financing activities decreased by 24.11% to RMB 60,460,846.49, attributed to a reduction in bank loans[20]. - The ending balance of cash and cash equivalents was 287,954,502.46 RMB, compared to 125,509,585.84 RMB at the end of the previous period[49]. Shareholder Information - The total number of shareholders at the end of the reporting period was 7,007[13]. - The largest shareholder, Cheng Lixin, holds 36.00% of the shares, amounting to 52,416,000 shares, with 38,213,000 shares pledged[13]. Operating Costs and Expenses - The gross profit margin for Q1 2020 was impacted by a 40.27% increase in operating costs, which totaled RMB 285,911,892.05 compared to RMB 203,832,134.93 in Q1 2019[19]. - The company reported a 134.56% increase in selling expenses, amounting to RMB 15,026,158.15, primarily due to higher transportation costs[19]. - The cash outflow for purchasing goods and services was 259,223,124.99 RMB, up from 218,481,510.89 RMB in the previous period[47]. - The company's management expenses for Q1 2020 were CNY 4,720,917.71, compared to CNY 4,050,208.58 in Q1 2019, reflecting an increase of 16.5%[41]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥2,127,729.21, which are closely related to its normal business operations[12]. - The company received tax refunds totaling 4,579,924.19 RMB, compared to 13,212,775.15 in the previous period[47].