卓越新能(688196) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 304,362,574.42, representing a year-on-year increase of 1.88%[6] - Net profit attributable to shareholders decreased by 12.72% to CNY 35,355,459.13 compared to the same period last year[6] - Basic earnings per share decreased by 35.56% to CNY 0.29 due to an increase in total share capital and a decline in profit[7] - Total operating revenue for Q1 2020 was RMB 304,362,574.42, an increase of 1.9% compared to RMB 298,754,094.21 in Q1 2019[25] - Net profit for Q1 2020 decreased to RMB 35,355,459.13, down 12.7% from RMB 40,507,072.74 in Q1 2019[26] - The company reported a total profit of RMB 36,241,686.40 for Q1 2020, compared to RMB 42,822,482.11 in Q1 2019, reflecting a decline of 15.3%[25] Cash Flow - Cash flow from operating activities showed a significant decline of 596.88%, resulting in a negative cash flow of CNY -67,098,363.92[6] - The net cash outflow from operating activities was CNY -67,098,363.92, compared to a net inflow of CNY 13,503,872.22 in the same period last year, indicating a significant decline[31] - The total cash outflow from operating activities increased to CNY 388,513,726.16 in Q1 2020, compared to CNY 286,980,182.11 in Q1 2019, marking a rise of about 35.3%[31] - The company reported a significant increase in cash paid for purchasing goods and services, which rose to CNY 328,267,822.48 from CNY 213,883,585.71, an increase of approximately 53.3% year-over-year[31] - The cash inflow from sales of goods and services was CNY 296,979,811.73, up from CNY 277,630,013.12 in the previous year, indicating a growth of about 6.4%[31] - The company recorded cash inflows from investment activities of CNY 50,574,450.14, while cash outflows totaled CNY 130,470,245.14, resulting in a net cash outflow of CNY -79,895,795.00 for investment activities[32] - The company’s net cash flow from investment activities was CNY -79,895,795.00, a deterioration compared to CNY -20,917,480.82 in Q1 2019, reflecting increased investment expenditures[32] Assets and Liabilities - Total assets increased by 3.97% to CNY 2,210,001,305.81 compared to the end of the previous year[6] - The company reported a significant increase in accounts receivable, rising by 140.41% to ¥90,819,685.37 compared to the previous year[13] - Total liabilities increased to CNY 105,296,064.89 from CNY 57,623,861.07, marking an increase of approximately 82.73%[18] - Current liabilities totaled CNY 91,316,809.31, significantly higher than CNY 42,535,144.72, reflecting an increase of approximately 114.49%[18] - Cash and cash equivalents decreased to CNY 136,034,408.45 from CNY 222,305,938.89, a decline of approximately 38.73%[21] - Accounts receivable rose to CNY 90,263,227.02 from CNY 30,269,269.23, indicating an increase of approximately 197.36%[21] - Inventory increased to CNY 177,690,750.17 from CNY 141,819,876.17, representing a growth of approximately 25.29%[21] - Non-current assets totaled CNY 439,911,357.46, up from CNY 418,559,024.37, reflecting an increase of approximately 5.88%[18] Shareholder Information - The company reported a total of 11,408 shareholders at the end of the reporting period[12] - The largest shareholder, Longyan Zhuoyue Investment Co., Ltd., holds 48.75% of the shares[12] Research and Development - Research and development expenses accounted for 4.92% of operating revenue, an increase of 1.03 percentage points compared to the previous year[6] - Research and development expenses increased to RMB 14,967,799.28 in Q1 2020, up 28.8% from RMB 11,606,132.94 in Q1 2019[25] - The company has indicated a commitment to enhancing its research and development capabilities to drive future growth[25] Management and Operational Changes - The company’s management expenses increased by 37.30% to ¥5,411,381.62, mainly due to higher office renovation and maintenance costs[14] - The company maintained a stable supply chain for biodiesel production despite challenges posed by the COVID-19 pandemic and falling oil prices[13] - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[25] Government Support - Government subsidies recognized in the current period amounted to CNY 1,661,180.33[10]