振华科技(000733) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥888,414,684.23, a decrease of 23.33% compared to ¥1,158,740,317.22 in the same period last year[4] - Net profit attributable to shareholders was ¥110,664,901.55, representing a year-on-year increase of 2.54% from ¥106,441,372.76[4] - The net profit after deducting non-recurring gains and losses was ¥99,053,167.35, up 1.26% from ¥96,341,659.92 in the previous year[4] - Basic earnings per share were ¥0.215, an increase of 2.38% from ¥0.207[4] - The company's operating revenue for Q1 2020 was ¥888,414,684.23, a decrease of 23.33% compared to ¥1,158,740,317.22 in the previous year, primarily due to Shenzhen Communication no longer being included in the consolidated financial statements since May 2019[15] - The company reported a significant increase in employee compensation payable, rising to ¥63,637,618.42 from ¥30,236,587.75, an increase of about 110.5%[24] - The total operating revenue for Q1 2020 was CNY 888,414,684.23, a decrease from CNY 1,158,740,317.22 in the previous period[28] - Net profit for Q1 2020 reached CNY 110,155,618.69, compared to CNY 101,724,869.11 in the same period last year, reflecting a growth of approximately 4.2%[29] - Earnings per share for Q1 2020 was CNY 0.215, up from CNY 0.210 in the previous year[30] - The total comprehensive income for the period was CNY 97,776,029.23, down from CNY 148,840,598.38 in the previous year[30] Cash Flow and Liquidity - The net cash flow from operating activities was -¥220,215,549.48, a decline of 14.63% compared to -¥192,103,243.45 in the same period last year[4] - The company's cash and cash equivalents decreased by 24.33% to ¥1,014,839,670.72 from ¥1,341,113,413.78 at the beginning of the year, attributed to repayments of bank loans and investments in fixed assets[12] - The cash flow from operating activities for Q1 2020 was negative at CNY -220,215,549.48, compared to CNY -192,103,243.45 in Q1 2019, reflecting a worsening cash flow situation[34] - The company experienced a net increase in cash and cash equivalents of 23,754,646.29 CNY in Q1 2020, contrasting with a decrease of -56,937,272.38 CNY in the same quarter of the previous year[37] - The company reported a cash and cash equivalents balance of 433,794,406.74 CNY at the end of Q1 2020, up from 179,186,660.20 CNY at the end of Q1 2019[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,833,754,165.15, reflecting a 0.77% increase from ¥8,593,591,587.67 at the end of the previous year[4] - Net assets attributable to shareholders reached ¥5,476,568,619.92, up 1.83% from ¥5,244,533,516.82 at the end of the previous year[4] - The company reported a significant increase in non-current liabilities due within one year, rising by 356.59% to ¥798,900,000.00 from ¥174,972,250.00, due to the reclassification of long-term loans[14] - Current liabilities rose significantly to ¥2,593,509,376.33, compared to ¥1,980,842,978.77, marking an increase of about 30.93%[24] - Total liabilities decreased slightly to ¥3,353,625,854.27 from ¥3,384,249,007.99, indicating a decrease of about 0.9%[24] - The total assets of the company remained stable at 8,766,601,289.64 CNY as of January 1, 2020[39] - The company’s long-term borrowings were recorded at CNY 1,022,541,000.00[41] Investments and Expenses - Research and development expenses increased by 15.27% to ¥66,513,592.24 from ¥57,701,969.18, reflecting the company's commitment to enhancing product development[15] - The company’s investment properties increased by 62.76% to ¥610,084,857.18 from ¥374,844,758.53, as certain properties reached their intended usable state[12] - Investment income decreased by 23.82% to ¥7,733,294.13 from ¥10,151,728.78, impacted by changes in the performance of joint ventures and a reduction in the scale of wealth management products[15] - Financial expenses decreased significantly to CNY 9,408,514.78 from CNY 25,686,487.90, a reduction of approximately 63.4%[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,514[6] - The largest shareholder, China Zhenhua Electronics Group Co., Ltd., held 32.94% of the shares[6]