贵州轮胎(000589) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,246,470,921.65, a decrease of 22.72% compared to ¥1,612,828,171.73 in the same period last year[10] - Net profit attributable to shareholders was ¥34,659,163.45, down 2.37% from ¥35,501,664.59 year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥36,126,871.01, a decline of 28.58% from ¥50,586,812.77 in the previous year[10] - Total operating revenue for the current period is ¥1,246,470,921.65, a decrease of 22.7% from ¥1,612,828,171.73 in the previous period[61] - Net profit for the current period is ¥34,659,163.45, a slight decrease of 2.4% compared to ¥35,501,664.59 in the previous period[67] - Total comprehensive income for the current period is ¥25,450,094.62, down from ¥48,893,041.00 in the previous period[70] - The net profit for the current period is 14,050,338.68, compared to 38,999,533.56 in the previous period, reflecting a decrease of approximately 64.0%[74] - The total profit for the current period is 16,706,280.80, down from 46,341,613.70 in the previous period, indicating a decline of about 64.0%[74] - The operating profit for the current period is 19,957,941.81, compared to 46,694,717.42 in the previous period, showing a decrease of approximately 57.3%[74] Cash Flow - The net cash flow from operating activities was ¥590,948,106.60, a decrease of 35.74% compared to ¥919,579,619.58 in the same period last year[10] - The cash flow from operating activities for the current period is 590,948,106.60, down from 919,579,619.58 in the previous period, a decline of about 35.6%[81] - The cash inflow from investment activities is 979,860,292.28, while cash outflow is 1,457,050,865.44, resulting in a net cash flow from investment activities of -477,190,573.16[81] - The cash flow from financing activities shows a net outflow of -314,468,766.45, compared to -285,786,096.00 in the previous period, indicating a worsening cash flow situation[83] - The cash inflow from investment activities totaled CNY 979,860,292.28, while cash outflow was CNY 1,363,469,338.69, resulting in a net cash flow of -CNY 383,609,046.41[88] - The cash flow from financing activities showed a net outflow of -CNY 314,468,766.45, compared to -CNY 283,086,096.00 in the previous period[88] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,050,678,041.87, down 4.47% from ¥10,521,029,238.76 at the end of the previous year[10] - Total liabilities amount to ¥6,073,557,380.78, a decrease from ¥6,841,685,131.41 in the previous period[59] - Current liabilities decreased from ¥6,725,146,964.41 to ¥6,169,699,516.30, a reduction of approximately 8.2%[49] - Short-term borrowings decreased from ¥2,691,960,302.97 to ¥2,372,078,253.50, a decline of about 11.9%[49] - Accounts payable decreased from ¥1,015,506,694.03 to ¥788,725,563.54, a decrease of approximately 22.4%[49] - The total liabilities decreased from ¥6,797,437,509.79 to ¥6,254,092,857.20, a decline of approximately 8%[49] Equity and Retained Earnings - The company's net assets attributable to shareholders increased by 1.97% to ¥3,784,585,184.67 from ¥3,711,591,728.97 at the end of the previous year[10] - The company's equity attributable to shareholders increased from ¥3,711,591,728.97 to ¥3,784,585,184.67, an increase of about 2%[52] - The company's retained earnings increased from ¥644,179,970.66 to ¥678,813,745.19, an increase of about 5.4%[52] Research and Development - R&D expenses decreased by ¥17,258,255.66, a reduction of 46.24% compared to the same period last year, primarily due to reduced investment impacted by the COVID-19 pandemic[25] - Research and development expenses for the current period are ¥20,068,829.74, down 46.3% from ¥37,327,085.40 in the previous period[64] Other Income and Expenses - Other income increased by ¥731,140.00, an increase of 83.82% year-on-year, mainly due to an increase in government subsidies received[25] - Operating expenses decreased by ¥12,198,901.96, a reduction of 78.52% compared to the previous year, primarily due to customs fines paid in the prior year[25] - The company reported a significant increase of 365.91% in taxes and fees paid, amounting to an increase of ¥45,059,703.63, primarily due to increased value-added tax and its surcharges[25] - Financial expenses for the current period are ¥22,781,331.89, a decrease from ¥27,292,861.64 in the previous period[64] Inventory and Receivables - Accounts receivable increased to ¥786,870,802.61 from ¥753,156,694.02 year-on-year[43] - Inventory decreased to ¥648,325,669.80 from ¥689,119,369.62 year-on-year[43] - Inventory decreased from ¥676,474,371.08 to ¥635,438,508.57, a reduction of approximately 6.1%[53]