冰轮环境(000811) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥632,372,512.97, a decrease of 25.34% compared to ¥846,981,086.18 in the same period last year[9]. - The net profit attributable to shareholders was -¥14,001,942.82, representing a decline of 108.33% from ¥168,148,850.17 in the previous year[9]. - Basic earnings per share were -¥0.02, down 107.69% from ¥0.26 in the previous year[9]. - The net profit from continuing operations was a loss of RMB 15,127,919.45, compared to a profit of RMB 169,677,980.76 in the previous period, indicating a significant decline[58]. - The net loss attributable to equity holders was RMB 88,824,433.71, contrasting with a profit of RMB 20,655,966.99 in the previous period[57]. - Total comprehensive income amounted to -149,635,593.31 RMB, down from 171,440,128.05 RMB in the prior period[63]. - The company reported a total profit of -10,773,222.13 RMB, compared to a profit of 234,409,159.54 RMB in the prior year[65]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥225,805,435.36, which is a 22.89% increase in outflow compared to -¥183,751,953.77 in the same period last year[9]. - The company reported a significant decrease in cash and cash equivalents, from CNY 1,213,527,351.06 at the beginning of the year to CNY 976,927,054.85 by March 31, 2020, representing a decline of approximately 19.5%[40]. - Operating cash inflow for the current period was CNY 743,463,331.24, down from CNY 851,219,691.32 in the previous period, representing a decrease of approximately 12.7%[70]. - The total cash and cash equivalents at the end of the period was CNY 918,757,954.85, down from CNY 971,442,616.23 in the previous period, reflecting a decrease of approximately 5.4%[72]. - The company’s cash flow from operating activities was significantly affected by increased payments to employees, totaling CNY 279,215,274.64, compared to CNY 225,689,343.11 in the previous period, reflecting rising labor costs[70]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,015,968,082.13, a decrease of 5.60% from ¥7,432,183,983.20 at the end of the previous year[9]. - Total liabilities were RMB 3,181,748,517.71, a decline from RMB 3,460,848,126.59[46]. - Current liabilities reached RMB 2,482,383,081.68, compared to RMB 2,740,220,599.66 previously[46]. - Non-current assets totaled RMB 2,976,973,017.73, down from RMB 3,123,499,910.00[46]. - The company reported a total liability of ¥3,460,848,126.59, with current liabilities at ¥2,740,220,599.66[80]. Shareholder Information - The top shareholder, Yantai Binglun Group Co., Ltd., holds 26.50% of the shares, totaling 197,674,382 shares[15]. - The total number of ordinary shareholders at the end of the reporting period was 33,271[15]. - The company’s total equity attributable to shareholders was ¥3,809,971,918.08[83]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥3,203,263.14 during the reporting period[11]. - The company received government subsidies, contributing to an increase in non-operating income compared to the previous year[24]. Operational Changes and Future Plans - The company plans to focus on new product development and market expansion strategies to improve future performance[56]. - The company has implemented new revenue recognition standards effective January 1, 2020, which may impact future financial reporting[86]. Miscellaneous - The first quarter report was not audited[90]. - The report was presented by Chairman Li Zengqun on April 28, 2020[92].