创元科技(000551) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥629,437,036.39, a decrease of 24.56% compared to ¥834,355,101.30 in the same period last year[9] - Net profit attributable to shareholders was ¥14,282,548.42, down 26.19% from ¥19,351,224.00 year-on-year[9] - Basic earnings per share decreased by 20.00% to ¥0.04 from ¥0.05 in the same period last year[9] - Net profit for Q1 2020 was ¥28,283,594.28, a decline of 29.5% from ¥40,148,401.64 in Q1 2019[37] - The total comprehensive income for Q1 2020 was ¥8,694,422.18, significantly lower than ¥66,867,121.55 in Q1 2019[38] - The net profit for the first quarter of 2020 was -1,590,871.37 CNY, compared to -901,389.65 CNY in the same period last year, indicating a decline of approximately 76.5%[41] - The total comprehensive income for the first quarter was -21,132,371.33 CNY, a significant decrease from 25,814,468.98 CNY in the previous year[41] Cash Flow - The net cash flow from operating activities was negative at ¥20,700,565.40, a decline of 223.38% compared to ¥16,778,335.62 in the previous year[9] - Cash flow from operating activities showed a net outflow of -20,700,565.40 CNY, contrasting with a net inflow of 16,778,335.62 CNY in the prior year[44] - Cash flow from investing activities decreased by 97.42% to ¥40,224.00, primarily from lower cash recovered from asset disposals[17] - The cash flow from investing activities resulted in a net outflow of -37,327,696.40 CNY, compared to -60,017,128.90 CNY in the same period last year[44] - Cash flow from financing activities worsened to -¥46,114,208.78, an increase of 481.01% due to higher loan repayments[17] - The financing activities generated a net cash outflow of -46,114,208.78 CNY, worsening from -7,936,861.33 CNY in the previous year[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,535,983,658.27, down 2.21% from ¥4,638,704,061.41 at the end of the previous year[9] - Current assets totaled ¥2,888,179,431.65, down from ¥2,948,058,795.78, indicating a decrease of about 2.0%[30] - Total liabilities decreased to ¥2,132,209,711.11 from ¥2,243,624,536.43, a decline of approximately 5.0%[31] - Current liabilities totaled ¥2,000,212,420.12, down from ¥2,105,361,912.67, indicating a decrease of about 5.0%[30] - Non-current assets amounted to ¥1,647,804,226.62, down from ¥1,690,645,265.63, reflecting a decrease of approximately 2.5%[30] Shareholder Information - The total number of common shareholders at the end of the reporting period was 26,145[12] - The largest shareholder, Suzhou Chuangyuan Investment Development (Group) Co., Ltd., held 35.77% of the shares, totaling 143,125,054 shares[12] - Net assets attributable to shareholders were ¥1,786,841,450.60, a slight decrease of 0.29% from ¥1,792,124,318.97 at the end of the previous year[9] - The company's equity attributable to shareholders was ¥1,786,841,450.60, slightly down from ¥1,792,124,318.97, a decrease of about 0.3%[31] Revenue Recognition and Accounting Changes - Contract assets increased to ¥152,931,713.52, reflecting a 100% change due to the new revenue recognition standard[16] - Prepayments decreased by 100% to ¥0, as obligations to transfer goods were recognized as contract liabilities under the new revenue standard[16] - Contract liabilities reached ¥285,509,227.80, marking a 100% increase as customer payments for goods not yet delivered were recognized[16] - The company implemented new revenue recognition standards starting January 1, 2020, affecting financial reporting[53] Other Financial Metrics - The weighted average return on equity was 0.80%, down from 1.19% in the same period last year, a decrease of 0.39 percentage points[9] - Financial expenses dropped by 87.17% to ¥1,899,429.38, attributed to increased exchange gains and reduced interest expenses[16] - Investment income turned positive at ¥354,554.12, a significant recovery from a loss of ¥639,062.06 in the previous year[16] - The company reported a significant increase in foreign exchange impact on cash, with a change of 147.03% to ¥3,417,474.80[17] - The company incurred credit impairment losses of 213,814.21 CNY, a significant improvement from -327,080.91 CNY in the previous year[41] Research and Development - The company reported a decrease in research and development expenses to ¥33,874,231.94 from ¥35,990,783.25 year-over-year[37] Audit and Reporting - The first quarter report for 2020 was not audited[54]