华锦股份(000059) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥5,861,722,442.51, a decrease of 33.71% compared to ¥8,611,390,241.19 in the same period last year[8]. - The net profit attributable to shareholders was -¥887,566,678.31, representing a decline of 335.21% from ¥344,964,785.95 in the previous year[8]. - The net cash flow from operating activities was -¥3,357,669,079.86, a decrease of 323.43% compared to -¥840,828,139.21 in the same period last year[8]. - Basic earnings per share were -¥0.5549, down 335.23% from ¥0.2157 in the previous year[8]. - Total revenue for the period was ¥5,861,722,442.51, a decrease of 33.71% compared to ¥8,842,476,363.16 in the previous year, primarily due to the impact of the pandemic on sales[1]. - The net profit for the current period is a loss of ¥899,299,683.59, compared to a profit of ¥395,807,979.55 in the previous period, indicating a significant decline[50]. - The operating profit for the current period is a loss of ¥970,647,531.23, compared to a profit of ¥496,523,903.87 in the previous period[50]. - The total comprehensive income for the current period is a loss of ¥899,299,683.59, compared to a gain of ¥395,807,979.55 in the previous period[50]. Assets and Liabilities - Total assets at the end of the reporting period were ¥29,985,283,995.38, an increase of 2.13% from ¥29,359,202,252.30 at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 6.38% to ¥12,740,651,225.84 from ¥13,609,039,892.51 at the end of the previous year[8]. - Total liabilities increased to ¥16,718,320,339.24, up from ¥15,213,067,305.30, representing a growth of approximately 9.87%[36]. - Current liabilities rose to ¥10,094,771,069.58, compared to ¥9,045,730,710.94, indicating an increase of about 11.6%[36]. - Non-current liabilities totaled ¥6,623,549,269.66, up from ¥6,167,336,594.36, reflecting a growth of approximately 7.38%[36]. - Total equity decreased to ¥13,266,963,656.14 from ¥14,146,134,947.00, a decline of approximately 6.19%[36]. - The total owner's equity attributable to the parent company decreased to ¥12,740,651,225.84 from ¥13,609,039,892.51, a decline of about 6.36%[36]. Cash Flow - Cash received from operating activities was ¥6,449,320,529.01, down 34.04% from ¥9,777,444,288.76, reflecting the pandemic's impact on sales[1]. - The cash inflow from operating activities was CNY 6,459,892,338.62, a decrease of approximately 34.5% compared to CNY 9,798,746,508.45 in the previous period[58]. - The net cash outflow from operating activities was CNY -3,357,669,079.86, worsening from CNY -792,963,499.33 in the previous period[61]. - The cash inflow from financing activities was CNY 3,450,000,000.00, significantly higher than CNY 1,100,000,000.00 in the previous period, marking a 214.5% increase[61]. - The total cash and cash equivalents at the end of the period were CNY 5,215,014,744.85, down from CNY 6,833,195,704.06 in the previous period[64]. Inventory and Receivables - Accounts receivable increased by 102.49% to ¥270,562,665.81 from ¥133,620,657.50, attributed to normal business operations[1]. - Inventory rose by 65.78% to ¥6,205,596,076.83 from ¥3,743,178,523.07, influenced by decreased sales due to the pandemic[1]. - Other current assets surged by 482.02% to ¥398,863,350.20 from ¥68,530,768.88, mainly due to the formation of VAT credits[1]. - The company reported an asset impairment loss of ¥294,719,800.66, a 219.53% increase from ¥92,234,965.03, primarily due to inventory write-downs[1]. Shareholder Information - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[11]. - The top shareholder, Northern Huajin Chemical Group Co., Ltd., holds 32.16% of the shares, totaling 514,417,536 shares[13]. Research and Development - R&D expenses decreased by 31.61% to ¥12,127,389.63 from ¥17,732,675.18, due to reduced normal business operations[1]. - Research and development expenses decreased to ¥12,127,389.63 from ¥17,732,675.18, reflecting a reduction of 31.8%[47]. Other Financial Metrics - The financial expenses for the current period are ¥98,745,490.36, down from ¥122,167,425.96, a decrease of 19.1%[47]. - The tax expenses for the current period are ¥114,988,307.49, significantly lower than ¥462,668,789.78 in the previous period, a decrease of 75.2%[47]. - The investment income for the current period is ¥797,808.22, with no previous period data available for comparison[47].