深桑达A(000032) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥256,854,807.74, a decrease of 35.56% compared to ¥398,625,998.25 in the same period last year[3]. - The net profit attributable to shareholders was ¥17,931,339.36, down 34.74% from ¥27,476,317.05 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥14,244,255.78, a decline of 40.01% compared to ¥23,744,767.89 in the previous year[3]. - Basic earnings per share were ¥0.0434, down 34.74% from ¥0.0665 year-on-year[3]. - The company reported a total comprehensive income of CNY 14,748,818.46 for Q1 2020, down 45.6% from CNY 27,085,182.46 in the same quarter last year[29]. - The net profit for Q1 2020 was CNY 14,948,580.41, a decline of 44.4% compared to CNY 26,877,378.40 in Q1 2019[28]. - The total comprehensive income for Q1 2020 was CNY 17,253,019.97, compared to CNY 13,607,347.23 in the same quarter last year, marking a rise of 26.3%[32]. Cash Flow - The net cash flow from operating activities was negative at -¥55,326,208.13, a decrease of ¥72,960,000 compared to ¥17,630,257.21 in the same period last year[3]. - Cash flow from operating activities showed a net outflow of CNY -55,326,208.13, contrasting with a net inflow of CNY 17,630,257.21 in the previous year[34]. - The company reported a cash inflow from investment activities of CNY 203,286,656.78, significantly higher than CNY 80,832,682.58 in Q1 2019[34]. - The company reported a net cash flow from investing activities of 2,804,200 CNY, an increase of 72,630,000 CNY compared to the previous period, mainly due to a decrease in fixed deposits[11]. - The company raised CNY 44,726,985.42 from financing activities, compared to CNY 0.00 in the same period last year[35]. - The company reported a cash outflow from financing activities of 521,959.12 CNY, compared to an outflow of 13,633,012.85 CNY in the previous year[37]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,360,852,743.79, an increase of 0.79% from ¥2,342,259,464.48 at the end of the previous year[3]. - Total liabilities reached CNY 687,902,674.97, slightly up from CNY 684,000,449.68, reflecting a growth of approximately 0.42%[22]. - The company's total liabilities decreased to CNY 395,040,883.58 from CNY 413,439,191.19, reflecting a reduction of 4.3%[26]. - The total equity increased to CNY 1,422,029,020.25 from CNY 1,404,776,000.28, representing a growth of 1.2%[26]. - The total current assets decreased by 0.45% from 1,801,368,130.01 CNY to 1,793,301,146.55 CNY[39]. - The total liabilities remained stable at 684,000,449.68 CNY, with no significant changes reported[41]. Shareholder Information - The top shareholder, China Electronics International Information Service Co., Ltd., holds 49.04% of the shares, totaling 202,650,154 shares[6]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[8]. Research and Development - R&D expenses increased by 33.62% to 5,128,700 CNY due to increased investment in research and development[11]. - Research and development expenses rose to CNY 5,128,684.77, an increase of 33.7% compared to CNY 3,838,205.61 in the previous year[27]. Operational Challenges - Operating revenue decreased by 35.56% to 256,854,800 CNY compared to the same period last year, primarily due to the impact of COVID-19[11]. - Accounts receivable increased by 72.60% to 150,907,000 CNY due to increased import and export trade receivables and slower cash recovery affected by COVID-19[11]. - Management expenses decreased by 52.30% to 15,581,700 CNY due to reduced consolidation of a subsidiary and strengthened cost control amid declining revenue[11]. - Other income decreased by 56.03% to 2,696,200 CNY primarily due to a reduction in government subsidies received[11]. - Short-term borrowings increased by 66.58% to 100,080,000 CNY as a result of additional loans obtained from financial institutions[11]. Future Plans - The company plans to acquire 96.7186% equity of China Electronics System Technology Co., Ltd. and raise matching funds through a share issuance[14]. - The company plans to continue focusing on R&D and market expansion strategies to improve future performance[30].