泰山石油(000554) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥465,087,705.48, a decrease of 38.29% compared to ¥753,715,761.81 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥8,127,416.05, a significant decline of 2,689.30% from a profit of ¥313,884.97 in the previous year[8] - The net profit for Q1 2020 was a loss of CNY 8,134,090.93, compared to a profit of CNY 339,454.76 in the same period last year[39] - The net profit for the first quarter of 2020 was -8,094,897.36 yuan, compared to a profit of 3,484.11 yuan in the same period last year, indicating a significant decline[43] - Operating profit for the first quarter was -8,043,042.69 yuan, a decrease from 1,809,553.68 yuan year-over-year[43] - The total revenue from sales of goods and services was 572,640,067.65 yuan, down from 904,880,360.12 yuan in the previous year, reflecting a decline of approximately 36.7%[46] Cash Flow and Liquidity - The net cash flow from operating activities increased by 24.37% to ¥204,830,308.81, compared to ¥164,695,549.58 in the same period last year[8] - The net cash flow from operating activities was 204,830,308.81 yuan, an increase from 164,695,549.58 yuan in the same period last year, showing a growth of about 24.0%[47] - Cash and cash equivalents increased 5.47 times compared to the beginning of the period, mainly due to unpaid portions of goods[15] - Cash and cash equivalents at the end of the period totaled 226,783,237.71 yuan, compared to 240,296,845.16 yuan at the end of the previous year, a decrease of approximately 5.6%[48] - The cash outflow from operating activities was 368,139,685.67 yuan, down from 741,527,822.79 yuan year-over-year, indicating a reduction of approximately 50.3%[47] - The net increase in cash and cash equivalents for the period was 190,340,297.20 CNY, leading to an ending balance of 222,793,677.90 CNY[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,472,981,032.08, reflecting an increase of 11.72% from ¥1,318,442,652.00 at the end of the previous year[8] - The company's total assets increased to CNY 1,554,275,486.10 from CNY 1,398,882,435.53[35] - Total current liabilities increased to CNY 516,140,674.60 from CNY 345,231,819.18, reflecting a rise of approximately 49.4%[31] - The company's total liabilities reached CNY 571,494,453.06, up from CNY 408,821,982.05, indicating an increase of about 39.7%[31] - Total liabilities rose to CNY 569,919,369.86, up from CNY 406,431,421.93[35] - The total equity attributable to shareholders decreased to CNY 898,237,892.87 from CNY 906,365,308.92, a decline of approximately 0.9%[32] - The total equity decreased to CNY 984,356,116.24 from CNY 992,451,013.60[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,420[11] - The company has fulfilled its commitments made during the share reform period, ensuring compliance with legal obligations[18] Compliance and Governance - The company reported no securities investments, entrusted financial management, or derivative investments during the reporting period[19][20][21] - There were no violations regarding external guarantees during the reporting period[23] - The first quarter report was not audited[53] - The company did not apply the new revenue and leasing standards for the first quarter of 2020[52] - The company’s chairman is Yue Xiangxun, and the report was released on April 28, 2020[54] Operational Efficiency - The company's basic earnings per share were -¥0.017, a decrease of 1,800.00% from ¥0.001 in the same period last year[8] - The weighted average return on net assets was -0.90%, down from 0.03% in the previous year[8] - The company is focusing on cost control measures to improve profitability in the upcoming quarters[39] - The company incurred a credit impairment loss of -13,200.00 yuan during the quarter[43] - The company reported a 97.13% decrease in non-operating income, with only ¥500 in penalty income recorded[15]