SCMF(SZ:000731)2020-04-23 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥568,276,647.01, a decrease of 23.43% compared to ¥742,175,877.76 in the same period last year[9] - Net profit attributable to shareholders was ¥7,038,490.67, down 75.89% from ¥29,196,282.60 year-on-year[9] - Basic earnings per share decreased by 75.91% to ¥0.0119 from ¥0.0494 in the same period last year[9] - Operating profit decreased by CNY 43.68 million, down 92% year-on-year, primarily impacted by a decline in sales volume and prices of main products due to the COVID-19 pandemic[17] - Net profit for the current period was -¥2,809,756.52, compared to a net profit of ¥42,289,355.08 in the previous period, indicating a significant decline[39] - Operating revenue for the current period is ¥213,646,473.30, a decrease of 13.7% from ¥247,445,409.88 in the previous period[40] - Operating profit for the current period is ¥5,413,551.82, compared to a loss of ¥1,666,285.27 in the previous period, indicating a significant turnaround[40] - Net profit for the current period is ¥5,451,325.34, recovering from a net loss of ¥1,560,393.17 in the previous period[40] Cash Flow - The net cash flow from operating activities was -¥102,565,422.47, a decline of 227.80% compared to ¥80,251,981.30 in the previous year[9] - Cash flow from operating activities shows a net outflow of ¥102,565,422.47, a decline from a net inflow of ¥80,251,981.30 in the previous period[42] - Cash flow from investing activities results in a net outflow of ¥280,669,300.37, compared to a net inflow of ¥1,010,850.85 in the previous period[43] - Cash flow from financing activities shows a net outflow of ¥55,673,775.18, slightly improved from a net outflow of ¥59,131,656.34 in the previous period[43] - Total cash and cash equivalents at the end of the period is ¥370,001,948.07, down from ¥879,209,269.87 at the end of the previous period[42] - Total cash and cash equivalents at the end of the period decreased to 308,579,503.81 from 790,783,837.13, reflecting a decline of 61.0%[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,689,223,166.91, down 3.46% from ¥3,821,582,729.04 at the end of the previous year[9] - Total assets decreased to CNY 3.69 billion from CNY 3.82 billion, indicating a reduction in overall asset value[33] - Total liabilities decreased to CNY 787.20 million from CNY 921.72 million, showing a decline in financial obligations[33] - Total liabilities decreased to ¥721,676,175.12 from ¥857,182,531.39, a decline of 15.8%[36] - Current assets totaled ¥796,694,960.70, down 13.6% from ¥922,230,424.28[36] Inventory and Receivables - Trade receivables decreased by 53%, amounting to a reduction of ¥1,130,000, mainly due to the maturity of commercial acceptance bills[16] - The company’s prepayments decreased by 51%, reflecting the recognition of revenue from winter storage product sales during the reporting period[16] - Inventory increased to CNY 278.72 million from CNY 242.99 million, reflecting a rise in stock levels[31] - Inventory increased significantly to ¥81,619,008.62, up 75.5% from ¥46,503,945.53[35] Financial Ratios and Returns - The weighted average return on equity was 0.25%, down from 1.04% in the previous year[9] - Basic and diluted earnings per share for the current period are both ¥0.0092, recovering from a loss of ¥0.0026 in the previous period[40] Other Financial Metrics - Financial expenses decreased by CNY 4.32 million, down 53% year-on-year, primarily due to a reduction in borrowing amounts[17] - Other income increased by CNY 1.20 million, up 269% year-on-year, mainly due to an increase in government subsidies received[17] - Special reserves increased by CNY 4.92 million, up 33% compared to the beginning of the year, mainly due to safety production expenses extracted according to national regulations[17] Compliance and Audit - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[46] - The company has not applied new revenue and leasing standards, indicating a potential area for future compliance adjustments[46]