江苏北人(688218) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 24.20% to CNY 33,721,697.29 year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 2,305,521.02, a decline of 148.65% compared to the same period last year[6] - Basic and diluted earnings per share were both -CNY 0.02, a decrease of 140.00% compared to the previous year[6] - Total operating revenue for Q1 2020 was CNY 33,721,697.29, a decrease of 24.3% compared to CNY 44,484,886.51 in Q1 2019[33] - Net profit for Q1 2020 was a loss of CNY 3,991,345.58, compared to a net profit of CNY 4,336,625.93 in Q1 2019, indicating a significant decline in profitability[34] - The company reported a basic and diluted earnings per share of -CNY 0.02 for Q1 2020, down from CNY 0.05 in Q1 2019[34] Cash Flow - The net cash flow from operating activities was CNY 9,562,641.55, a significant improvement from a negative CNY 33,449,713.85 in the previous year[6] - The company reported a 70.84% increase in net cash flow from investing activities, reaching ¥89,036,429.94, attributed to the maturity of financial products[19] - In Q1 2020, the company reported a net cash flow from operating activities of ¥9,562,641.55, a significant improvement compared to a net outflow of ¥33,449,713.85 in Q1 2019[40] - The total cash inflow from operating activities was ¥101,933,867.98, up from ¥89,617,934.74 in the same period last year[38] - The company achieved a net cash flow from investment activities of ¥89,036,429.94, compared to ¥52,115,926.37 in Q1 2019, indicating a strong investment recovery[40] - The net cash flow from financing activities was ¥5,782,458.05, recovering from a net outflow of ¥15,485,476.26 in Q1 2019[40] Assets and Liabilities - Total assets increased by 1.51% to CNY 1,263,000,118.54 compared to the end of the previous year[6] - Total current assets increased to CNY 1,151,721,729.46 as of March 31, 2020, compared to CNY 1,133,877,288.45 at the end of 2019, reflecting a growth of approximately 1.5%[25] - Total liabilities reached CNY 429,894,020.54, up from CNY 407,137,013.96, indicating an increase of approximately 5.5%[27] - Total liabilities increased to CNY 398,733,245.79 in Q1 2020 from CNY 374,384,464.62 in Q1 2019, reflecting a rise in financial obligations[33] - The company's equity attributable to shareholders decreased to CNY 830,148,877.78 from CNY 832,454,398.80, a decline of about 0.3%[27] Shareholder Information - The total number of shareholders was 8,277 at the end of the reporting period[12] - The largest shareholder, Zhu Zhenyou, held 22.82% of the shares, totaling 26,774,294 shares[12] Research and Development - R&D investment accounted for 11.21% of operating revenue, an increase of 2.27 percentage points year-on-year[6] - Research and development expenses for Q1 2020 were CNY 3,778,930.78, compared to CNY 3,975,018.71 in Q1 2019, showing a focus on innovation despite financial losses[33] Operational Challenges - The company expects potential cumulative net profit losses or significant changes compared to the previous year due to project delays caused by the COVID-19 pandemic[21] - The company plans to enhance communication with clients and explore new orders to mitigate the impact of the pandemic on operations[21] Inventory and Receivables - Inventory levels increased to CNY 386,551,073.60, up from CNY 369,921,222.60, representing a growth of about 4.5%[25] - Accounts receivable decreased slightly to CNY 178,665,282.91 from CNY 185,290,275.05, a decline of approximately 3.4%[25] Tax and Other Income - Tax expenses decreased by 601.46% to -¥1,462,456.49, reflecting changes in net profit[18] - The company reported a non-operating income of CNY 1,728,799.83, primarily from government subsidies and other non-recurring gains[10] - The company recorded a significant increase in other operating income, up 145.39% to ¥479,112.09, mainly from government subsidies[18] Changes in Accounting Standards - The company has implemented a new revenue recognition standard effective January 1, 2020, which may impact future financial reporting[47] - The company’s financial adjustments due to new accounting standards will not affect comparable period data[51]