京山轻机(000821) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥569,757,026.32, representing a 3.89% increase compared to ¥548,411,176.57 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2020 was ¥16,691,440.82, a significant decrease of 83.02% from ¥98,290,599.41 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,053,189.78, down 77.42% from ¥53,386,126.44 year-on-year[7]. - Basic and diluted earnings per share were both ¥0.03, down 83.33% from ¥0.18 in the previous year[7]. - The weighted average return on equity decreased to 0.74%, down 2.68% from 3.42% year-on-year[7]. - The company reported a significant decrease in asset disposal income by 93.97% to ¥62,344.85 from ¥1,034,690.94[18]. - The company reported a net profit of -14,196,660.67 CNY, compared to a net profit of 48,184,923.93 CNY in the previous period, indicating a significant decline in profitability[59]. - The company’s total comprehensive income for the current period was ¥15,885,073.28, down from ¥97,803,821.18, a decline of approximately 83.8%[56]. Cash Flow - The net cash flow from operating activities improved to -¥85,553,427.16, a 43.33% reduction in outflow compared to -¥150,969,154.83 in the same period last year[7]. - Net cash flow from operating activities improved by 43.33% to -¥85,553,427.16 from -¥150,969,154.83, mainly due to increased cash received from sales[18]. - Cash outflow from operating activities totaled 509,816,805.98 CNY, compared to 489,145,306.82 CNY in the previous period[65]. - The net cash flow from operating activities was -29,953,677.39 CNY, an improvement from -73,471,058.51 CNY in the previous period, indicating a 59% reduction in cash outflow[69]. - Total cash inflow from investment activities was 506,239,852.09 CNY, up from 431,676,690.43 CNY, representing a 17% increase[69]. - The net cash flow from financing activities was -109,357,251.06 CNY, compared to a positive cash flow of 64,702,734.41 CNY in the previous period, showing a significant decline[69]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,047,531,046.41, a 0.74% increase from ¥5,010,417,741.08 at the end of the previous year[7]. - Net assets attributable to shareholders increased by 1.09% to ¥2,283,993,261.29 from ¥2,259,430,449.14 at the end of the previous year[7]. - Total liability of ¥1,321,451,829.32, down from ¥1,455,248,660.11, which is a reduction of approximately 9.2%[50]. - Current liabilities rose to ¥2,498,873,669.59 from ¥2,482,137,478.92, marking an increase of approximately 0.67%[43]. - Short-term borrowings decreased significantly from ¥428,350,700.35 to ¥328,000,000.00, a reduction of about 23.5%[43]. Investments and Expenses - Research and development expenses amounted to ¥21,902,809.88, up from ¥20,239,389.87, indicating an increase of about 8.2%[53]. - Financial expenses decreased by 58.40% to ¥5,943,322.42 from ¥14,287,107.96, mainly due to exchange gains from RMB appreciation against the USD[18]. - The company confirmed an investment income of 0.43 million yuan from derivative financial instruments during the reporting period[31]. - The company received government subsidies amounting to ¥4,316,953.07 during the reporting period, primarily from various grants[7]. Inventory and Receivables - Accounts receivable increased by 138.40% to ¥153,598,426.49 from ¥64,427,879.02 due to an increase in bills held to maturity[18]. - Prepayments rose by 50.59% to ¥240,382,237.46 from ¥159,631,621.33, primarily due to increased advance payments for goods[18]. - The company's inventory as of March 31, 2020, was approximately 1.33 billion yuan, slightly up from 1.31 billion yuan, indicating a growth of about 5.5%[37]. Derivative Investments - The company reported a derivative investment amount of 6.9811 million yuan, representing 0.31% of the net assets at the end of the reporting period[27]. - The investment in foreign exchange derivatives was aimed at reducing exchange rate risks associated with the company's international business[31]. - The company has established a risk management committee to monitor the market prices and fair value changes of its derivative investments[31]. - The company has implemented strict internal evaluations and established regulatory mechanisms for its foreign exchange derivative trading business[31]. Other Financial Metrics - Other income increased by 83.02% to ¥4,675,022.69 from ¥2,554,334.57, attributed to government subsidies received[18]. - The company did not engage in any repurchase transactions during the reporting period[15]. - The company reported no significant changes in accounting policies for derivative investments compared to the previous reporting period[31].