京源环保(688096) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 31.50 million, representing an increase of 29.82% year-on-year[5] - Net profit attributable to shareholders was CNY 4.05 million, up 17.07% from the same period last year[5] - Basic earnings per share remained at CNY 0.05, unchanged from the previous year[7] - The company did not report any significant changes in net profit expectations compared to the previous year[15] - Total revenue for Q1 2020 was CNY 31,495,252.42, an increase of 29.4% compared to CNY 24,260,671.06 in Q1 2019[24] - Operating profit for Q1 2020 was CNY 4,006,404.54, slightly up from CNY 3,905,248.23 in Q1 2019[27] - Net profit for Q1 2020 reached CNY 3,968,417.41, compared to CNY 3,337,871.05 in Q1 2019, reflecting a growth of 18.9%[27] - Revenue for Q1 2020 was CNY 30,329,481, an increase of 25.5% compared to CNY 24,260,671 in Q1 2019[29] - Net profit for Q1 2020 reached CNY 4,133,739, representing a 14.7% increase from CNY 3,604,135 in Q1 2019[30] - Operating profit for Q1 2020 was CNY 4,417,118, slightly up from CNY 4,254,442 in Q1 2019, indicating a growth of 3.8%[30] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 39.15 million, compared to negative CNY 2.53 million in the previous year[5] - Cash flow from operating activities showed a net outflow of CNY -39,151,077, compared to CNY -2,527,122 in Q1 2019, indicating a significant decline[32] - The cash and cash equivalents decreased to CNY 93,946,313.75 from CNY 130,500,980.59 at the end of 2019, indicating a cash flow challenge[21] - Total cash inflow from financing activities in Q1 2020 was CNY 38,329,764, a decrease of 47.5% from CNY 73,065,083 in Q1 2019[34] - The net cash flow from financing activities was $5,342,845.76, a decrease from $61,519,181.16 in the previous year[37] - The total cash and cash equivalents at the end of the period were $53,294,764.64, down from $74,787,497.09 at the end of the previous year[37] - Cash outflow from investment activities was $2,071,655.00, significantly lower than $9,658,816.19 in the same quarter last year[37] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 567.96 million, a decrease of 1.24% compared to the end of the previous year[5] - Total current assets decreased slightly to ¥524,560,356.03 from ¥530,219,882.06[18] - Total liabilities decreased to ¥192,881,982.89 from ¥205,249,157.27[19] - Total equity increased to ¥375,080,329.06 from ¥369,818,311.65[19] - Current assets totaled CNY 510,835,042.29, a slight decrease from CNY 518,507,048.13 at the end of 2019[21] - Current liabilities decreased to CNY 158,189,488.64 from CNY 171,492,485.23 at the end of 2019, indicating improved liquidity management[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 32[11] - The largest shareholder, Li Wulin, held 19.80% of the shares, totaling 15,930,000 shares[11] Research and Development - Research and development expenses accounted for 6.76% of operating revenue, a decrease of 0.57 percentage points compared to the previous year[7] - The company reported a significant increase in research and development expenses, which rose to CNY 2,129,707.93 in Q1 2020 from CNY 1,778,024.23 in Q1 2019[24] - Research and development expenses increased to CNY 2,129,708, up 19.7% from CNY 1,778,024 in the same period last year[30] Other Income and Expenses - The company reported non-operating income of CNY 460,388.79, primarily from government subsidies[9] - Sales expenses decreased by 28.19% to ¥1,270,575.93 due to reduced customer visits during the pandemic[14] - The company incurred a credit impairment loss of CNY 424,460 in Q1 2020, a decrease of 75.2% compared to CNY 1,715,089 in Q1 2019[30] - The company received $26,000,000.00 in borrowings, an increase from $17,000,000.00 in the same quarter last year[37]