恒天海龙(000677) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥170,048,573.29, a decrease of 15.17% compared to ¥200,458,766.34 in the same period last year[8] - The net profit attributable to shareholders was ¥466,552.56, down 48.51% from ¥906,125.75 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥278,779.79, a decline of 59.42% compared to ¥686,998.27 in the previous year[8] - The basic earnings per share were ¥0.0005, down 50.00% from ¥0.0010 in the same period last year[8] - The diluted earnings per share were also ¥0.0005, reflecting a 50.00% decrease compared to ¥0.0010 year-on-year[8] - The weighted average return on equity was 0.17%, down from 0.33% in the previous year, a decrease of 0.16%[8] - Net profit for Q1 2020 was CNY 1,594,148.08, down from CNY 3,499,359.58 in the same period last year[35] - The net profit attributable to the parent company was CNY 466,552.56, compared to CNY 906,125.75 in the previous year[35] Cash Flow - The net cash flow from operating activities increased by 136.13% to ¥24,051,889.40, compared to ¥10,185,802.35 in the same period last year[8] - Operating cash flow net amount increased by 136.13% from CNY 10,185,802.35 to CNY 24,051,889.40, attributed to better collection of receivables[14] - The cash flow from operating activities for the current period is 24,051,889.40, compared to 10,185,802.35 in the previous period, representing an increase of approximately 136.3%[42] - Cash inflows from operating activities totaled ¥2,391,968.81, while cash outflows amounted to ¥2,076,043.46, resulting in a net cash inflow of ¥315,925.35[46] - The net cash flow from operating activities for the current period is ¥315,925.35, compared to a negative cash flow of ¥64,046.03 in the previous period, indicating a significant improvement[46] Assets and Liabilities - The total assets at the end of the reporting period were ¥861,701,670.72, a slight decrease of 0.24% from ¥863,776,160.95 at the end of the previous year[8] - The total assets decreased slightly from CNY 863,776,160.95 to CNY 861,701,670.72[25] - The total liabilities decreased from CNY 188,526,101.13 to CNY 184,857,462.82[27] - Total assets as of March 31, 2020, were CNY 271,952,411.43, slightly up from CNY 271,621,737.93 at the end of 2019[31] - Total liabilities amounted to CNY 228,397,677.94, an increase from CNY 227,347,556.27 in the previous period[31] - The company's total equity was CNY 43,554,733.49, down from CNY 44,274,181.66[31] Expenses - Total operating costs decreased to CNY 167,079,684.61 from CNY 191,714,204.60, with operating costs specifically dropping from CNY 170,013,055.59 to CNY 145,546,318.07[34] - R&D expenses surged by 2070.86% from CNY 128,542.63 to CNY 2,790,474.74, indicating increased investment in research and development[14] - Financial expenses decreased by 68.49% from CNY 3,520,819.54 to CNY 1,109,447.21, reflecting reduced borrowing and interest expenses[14] - Tax expenses fell by 42.10% from CNY 2,721,734.10 to CNY 1,575,985.75, as current year performance was lower than the previous year[14] - The management expenses for the current period amount to 718,283.62, a decrease from 1,821,469.42 in the previous period, indicating a reduction of approximately 60.5%[37] Government Support - The company received government subsidies amounting to ¥500,000 during the reporting period[9] Cash and Equivalents - The total cash and cash equivalents at the end of the period amount to 89,605,452.65, up from 28,315,287.70 in the previous period, indicating a significant increase of approximately 216.5%[44] - Cash and cash equivalents increased to CNY 3,021,395.75 from CNY 2,705,470.40[30] - The ending balance of cash and cash equivalents is ¥3,021,395.75, a slight decrease from ¥3,069,524.77 at the end of the previous period[46] Other Observations - The company has not reported any cash inflows or outflows related to investment activities in the current period[46] - The company has not disclosed any new product developments or market expansion strategies in the current report[53] - The first quarter report has not been audited, which may affect the reliability of the financial data presented[53]