胜利股份(000407) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥862,710,449.92, a decrease of 45.38% compared to ¥1,579,372,021.32 in the same period last year[5] - Net profit attributable to shareholders was ¥19,198,668.85, down 44.08% from ¥34,332,377.29 year-on-year[5] - Basic earnings per share decreased by 50.00% to ¥0.02 from ¥0.04 in the same period last year[5] - The company's net profit and net profit attributable to shareholders decreased compared to the same period last year, primarily due to the impact of the pandemic on industrial customers and the temporary reduction of downstream gas prices in response to national calls[17] - The total profit for Q1 2020 was CNY 45,340,823.73, compared to CNY 74,143,361.97 in the same period last year, indicating a decrease of about 38.8%[34] - The total comprehensive income for Q1 2020 was CNY 28,784,471.11, compared to CNY 54,133,646.53 in the prior year, reflecting a decline of approximately 46.8%[34] Cash Flow - The net cash flow from operating activities was -¥198,756,376.53, a decline of 448.17% compared to ¥57,086,759.28 in the previous year[5] - Operating cash flow decreased compared to the previous period, mainly due to a reduction in sales revenue and delayed customer payments caused by the pandemic[18] - The cash flow from operating activities for Q1 2020 was negative at CNY -198,756,376.53, a significant drop from CNY 57,086,759.28 in the previous year[38] - The company experienced a net cash outflow from investment activities of ¥106,466,799.34, which is a deterioration from a net outflow of ¥90,151,394.45 in the previous year[39] - The company's cash flow from investment activities showed a net outflow of ¥188,283,606.25, compared to a net outflow of ¥92,090,499.26 in Q1 2019, indicating a worsening investment position[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,671,588,759.14, an increase of 2.49% from ¥6,509,313,976.27 at the end of the previous year[5] - Total current assets as of March 31, 2020, amounted to CNY 2,205,534,223.12, an increase from CNY 2,074,367,759.90 at the end of 2019[27] - Total liabilities reached CNY 2,442,198,887.80, up from CNY 2,184,709,428.41 at the end of 2019, indicating a rise of 11.8%[31] - The company's total assets as of March 31, 2020, were CNY 6,671,588,759.14, compared to CNY 6,509,313,976.27 at the end of 2019[27] - Total liabilities amounted to CNY 3,597,320,886.37, with current liabilities at CNY 3,011,368,825.54 and non-current liabilities at CNY 585,952,060.83[45] Operational Adjustments - The company adjusted its operational model and reduced the scale of low-margin non-core trading businesses in response to market conditions[14] - The company plans to accelerate market development and management innovation as business conditions improve post-pandemic[14] - The company experienced a significant decrease in revenue due to the impact of the pandemic, with a reduction in gas consumption from industrial customers[14] Financial Expenses and Investments - The company's financial expenses increased compared to the same period last year, mainly due to an increase in interest expenses from customer charges[16] - The company's cash flow from investment activities increased compared to the previous period, primarily due to higher cash payments for fixed asset purchases and construction projects[18] - The investment income for Q1 2020 was CNY 9,631,557.26, up from CNY 4,391,756.33 in the previous year, showing an increase of about 119.5%[36] Equity and Shareholder Information - The total equity attributable to shareholders was CNY 2,231,142,013.12, slightly down from CNY 2,242,245,713.53 at the end of 2019[31] - The company's total equity reached CNY 2,911,993,089.90, including CNY 880,084,656.00 in share capital and CNY 377,569,059.69 in undistributed profits[45] - The total equity attributable to shareholders of the parent company was CNY 2,422,019,704.99, showcasing the company's retained earnings and capital contributions[45] Miscellaneous - The company has implemented the new revenue recognition standards starting January 1, 2020, affecting the accounting policies[47] - The first quarter report for 2020 has not been audited, indicating that the figures may be subject to change[51] - The company does not have any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[19]