烽火电子(000561) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for the first quarter was ¥59,041,504.58, a decrease of 65.79% compared to ¥172,603,038.23 in the same period last year[10] - The net profit attributable to shareholders was -¥52,902,239.91, compared to -¥17,945,115.85 in the previous year[10] - The company reported a basic earnings per share of -¥0.09, compared to -¥0.03 in the same period last year[10] - The weighted average return on equity was -3.62%, down from -1.31% in the previous year[10] - The net profit for the first quarter of 2020 was -62,818,513.13 CNY, compared to -21,900,130.70 CNY in the same period last year, indicating a significant increase in losses[43] - The total comprehensive income for the first quarter was -62,818,513.13 CNY, compared to -21,900,130.70 CNY in the previous year, reflecting a worsening financial position[43] Cash Flow - The net cash flow from operating activities was -¥45,728,945.00, an improvement from -¥96,086,092.93 year-on-year[10] - Cash flow from operating activities improved to -¥45,728,945.00 from -¥96,086,092.93 in the previous period, indicating a reduction in cash outflow[19] - The net cash flow from operating activities was -10,918,608.85 yuan, an improvement from -46,032,353.42 yuan in the previous period, indicating a reduction in cash outflow[52] - Total cash inflow from operating activities was 169,398,301.87 yuan, down 11.7% from 191,855,659.55 yuan in the previous period[52] - Cash outflow from operating activities totaled 180,316,910.72 yuan, a decrease of 24.1% compared to 237,888,012.97 yuan in the previous period[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,121,717,734.63, down 3.29% from ¥3,227,973,133.38 at the end of the previous year[10] - The net assets attributable to shareholders decreased by 3.52% to ¥1,437,322,692.99 from ¥1,489,739,836.03[10] - Cash and cash equivalents decreased to ¥643,221,945.28 from ¥745,072,851.71[32] - Total liabilities decreased to CNY 1,560,015,578.67 from CNY 1,604,247,529.41, a decline of 2.8%[35] - Total equity attributable to shareholders decreased to CNY 1,437,322,692.99 from CNY 1,489,739,836.03, a decrease of 3.5%[35] Operating Costs and Expenses - Operating revenue decreased by 65.79% to ¥59,041,504.58 compared to ¥172,603,038.23 in the previous period, primarily due to the impact of the pandemic[18] - Operating costs fell by 66.36% to ¥36,294,390.22 from ¥107,903,594.13 in the previous period, also influenced by the pandemic[18] - The total operating expenses, including costs and taxes, were significantly reduced, with operating costs at 17,088,583.25 CNY compared to 89,282,621.30 CNY last year[45] - The company experienced a decrease in sales expenses to 3,127,357.28 CNY from 3,702,747.60 CNY, reflecting cost-cutting measures[45] Investment Activities - Cash flow from investing activities worsened to -¥142,933,019.12 from -¥87,143,854.69, primarily due to a decrease in maturing financial products[19] - The company reported a net cash outflow from investing activities of -142,933,019.12 CNY, compared to -87,143,854.69 CNY in the previous year, indicating increased investment activity[49] - Cash outflow for purchasing fixed assets and intangible assets was 16,179,356.37 yuan, an increase of 104.4% from 7,901,488.50 yuan in the previous period[53] Shareholder Information - The company's total number of ordinary shareholders at the end of the reporting period was 53,946[12] - The largest shareholder, Shaanxi Fenghuo Communication Group Co., Ltd., held 41.69% of the shares[12] Government Support - The company received government subsidies amounting to ¥20,786,040.00 to support employment stability during the pandemic[21] Research and Development - Research and development expenses for Q1 2020 were CNY 29,741,296.78, an increase of 17.4% compared to CNY 25,276,939.39 in Q1 2019[42] - Research and development expenses increased to 16,708,279.28 CNY from 12,499,886.51 CNY, showing a commitment to innovation despite financial losses[45] Leadership and Governance - The chairman of the company is 唐大楷, indicating continuity in leadership during this reporting period[55] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[28] - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[54] - The company is implementing new revenue and leasing standards starting in 2020, which may impact future financial reporting[54]