*ST炼石(000697) - 2020 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2020 was ¥442,766,109.27, a decrease of 18.20% compared to ¥541,304,542.54 in the same period last year[7] - Net profit attributable to shareholders was -¥23,664,713.91, an improvement of 23.46% from -¥30,919,231.69 year-on-year[7] - Total operating revenue for Q1 2020 was ¥442.77 million, a decrease of 18.20% compared to ¥541.30 million in Q1 2019, primarily due to reduced orders impacted by the pandemic[15] - The net loss for Q1 2020 was CNY 23,925,863.35, compared to a net loss of CNY 31,471,951.43 in Q1 2019, indicating an improvement in performance[37] - The company forecasts a net loss of ¥110 million for the first half of 2020, representing a 135.18% increase in loss compared to a net loss of ¥46.77 million in the same period last year[19] - Basic earnings per share are expected to decline by 135.34% to -¥0.1638 for the first half of 2020, compared to -¥0.0696 in the previous year[19] Cash Flow and Liquidity - Net cash flow from operating activities improved by 73.47%, reaching -¥29,723,569.49 compared to -¥112,025,954.76 in the previous year[7] - Cash flow from operating activities improved by 73.47%, resulting in a net outflow of ¥29.72 million in Q1 2020 compared to ¥112.03 million in Q1 2019[17] - Cash flow from financing activities increased significantly by 470.56% to ¥151.39 million in Q1 2020, compared to ¥26.53 million in Q1 2019, mainly due to the repayment of short-term loans in the previous year[17] - The net cash flow from operating activities for Q1 2020 was -29,723,569.49 CNY, an improvement from -112,025,954.76 CNY in Q1 2019, indicating a reduction in cash outflow of approximately 73.5%[44][46] - The net cash flow from investing activities for Q1 2020 was -103,510,302.25 CNY, worsening from -52,069,821.04 CNY in the previous year, indicating increased cash outflow[45] - The net cash flow from financing activities for Q1 2020 was 151,392,001.69 CNY, a significant increase from 26,533,982.89 CNY in Q1 2019, indicating improved cash inflow from financing[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,709,816,619.61, reflecting a 2.03% increase from ¥3,636,116,696.24 at the end of the previous year[7] - The total liabilities as of March 31, 2020, amounted to CNY 2,274,882,610.21, an increase from CNY 2,120,767,327.94 at the end of 2019[31] - The total assets as of March 31, 2020, were CNY 3,660,528,925.38, slightly down from CNY 3,668,236,373.67 at the end of 2019[34] - Short-term borrowings rose to ¥1.26 billion as of March 31, 2020, compared to ¥1.20 billion at the end of 2019[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,505[10] - The largest shareholder, Zhang Zheng, holds 18.81% of shares, amounting to 126,303,102 shares, with 94,727,326 shares pledged[10] Research and Development - R&D expenses decreased by 61.49% to ¥3.78 million in Q1 2020 from ¥9.82 million in Q1 2019, attributed to the transition of aerospace products to mass production[15] - Research and development expenses for Q1 2020 were CNY 3,781,758.51, down significantly from CNY 9,819,685.15 in Q1 2019, indicating a reduction in R&D investment[37] Other Financial Metrics - The weighted average return on equity was -2.08%, a decline of 1.07% compared to -1.01% in the previous year[7] - The company reported a significant increase in accounts receivable, up 162.47% to ¥10,200,684.42 due to commercial acceptance bills received from aerospace sales[14] - Other payables increased by 128.71% to ¥206,777,248.73, primarily due to borrowings and accrued interest from Chengdu Gardner[14] - The company received government subsidies amounting to ¥595,037.71 during the reporting period[8] - The company reported a financial expense of CNY 25,915,478.01, which increased from CNY 20,953,664.00 in the previous year[37] - The company’s other comprehensive income showed a significant decline, with a loss of CNY 64,742,773.48 compared to a loss of CNY 8,253,277.93 in the previous period[31] Audit and Standards - The company did not undergo an audit for the first quarter report[50] - The company has not applied new revenue and leasing standards for the current reporting period[50]