海马汽车(000572) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥201,968,912.14, a decrease of 71.58% compared to ¥710,715,285.48 in the same period last year[7] - The net profit attributable to shareholders of the listed company was -¥99,186,354.64, worsening from -¥43,980,020.23 year-on-year[7] - The net profit for the period was -101,556,931.44 CNY, a significant decline from -47,204,727.59 CNY in the previous period[20] - The total profit for the period was -120,960,535.40 CNY, reflecting a significant loss compared to -58,730,906.91 CNY in the previous period[20] - The company recorded a total comprehensive loss of CNY -102,922,367.73 for the quarter, compared to CNY -57,039,289.01 in Q1 2019, reflecting a 80.5% increase in comprehensive losses[46] Cash Flow - The net cash flow from operating activities was -¥379,074,224.53, compared to ¥152,788,483.23 in the previous year[7] - Cash flow from operating activities showed a net outflow of ¥379,074,224.53, a decline from a net inflow of ¥152,788,483.23 in the previous year, reflecting challenges in cash generation[51] - The company reported cash inflows from investment activities of ¥984,182,976.31, contrasting with cash outflows of ¥1,329,001,610.05, resulting in a net cash outflow of ¥344,818,633.74 from investment activities[52] - The financing activities resulted in a net cash outflow of ¥17,763,235.05, a significant improvement from a net outflow of ¥105,778,130.72 in the same period last year[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,014,872,971.56, a decrease of 6.66% from ¥10,728,940,333.67 at the end of the previous year[7] - The company's current assets totaled CNY 2,936,047,441.01, down from CNY 3,183,758,771.33, indicating a decrease of about 7.76%[34] - Total liabilities decreased to CNY 4,395,925,184.29 from CNY 5,007,070,178.67, a reduction of approximately 12.19%[36] - The company's short-term borrowings rose significantly to CNY 850,632,096.77 from CNY 470,000,000.00, an increase of about 80.93%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,834[9] - The largest shareholder, Haima (Shanghai) Investment Co., Ltd., held 28.80% of the shares, totaling 473,600,000 shares[10] - The net assets attributable to shareholders of the listed company were ¥4,820,769,726.63, down 2.03% from ¥4,920,708,741.72 at the end of the previous year[7] Earnings Per Share - Basic and diluted earnings per share were both -¥0.0603, compared to -¥0.0267 in the same period last year[7] - The basic earnings per share for Q1 2020 was ¥0.0033, compared to a loss per share of ¥0.0021 in the same quarter last year, reflecting improved profitability[50] Operational Metrics - The company's management expenses rose by 56.90%, totaling 141,898,873.10 CNY, due to idle factory and equipment costs[20] - Research and development expenses were CNY 24,468,845.00, down 38.2% from CNY 39,526,485.67 in the previous year[44] - The company reported a significant increase in credit impairment losses of CNY 17,358,572.04 compared to a reversal of CNY 8,846,511.90 in the previous year[45] Compliance and Reporting - The company has implemented new revenue and leasing standards starting from 2020, affecting financial reporting[62] - The first quarter report for 2020 was not audited[62] - There were no violations regarding external guarantees during the reporting period[30]