启迪环境(000826) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥2,001,652,649.02, representing a decrease of 14.52% compared to ¥2,341,743,114.13 in the same period last year[7]. - The net profit attributable to shareholders was ¥92,685,456.59, down 49.31% from ¥182,844,492.27 year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥86,121,961.22, a decrease of 44.11% compared to ¥154,087,416.84 in the previous year[7]. - Basic and diluted earnings per share were both ¥0.052, down 53.15% from ¥0.111 in the previous year[7]. - The company reported a net profit of -50,710,838.12 CNY for Q1 2020, compared to a net profit of 82,725,287.19 CNY in the same period last year, indicating a significant decline[51]. - The total comprehensive income for Q1 2020 was -50,710,838.12 CNY, compared to 82,725,287.19 CNY in the same period last year[52]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥55,465,571.88, compared to a negative cash flow of ¥256,423,537.95 in the same period last year, marking a 121.63% increase[7]. - Cash and cash equivalents increased by 130.68% compared to the same period last year, driven by higher sales collections and receipt of subsidiary equity transfer payments[17]. - The company’s cash and cash equivalents decreased to CNY 1.99 billion from CNY 2.24 billion, a decline of 10.67%[40]. - The total cash and cash equivalents at the end of Q1 2020 amounted to 1,437,479,102.28 CNY, up from 516,287,741.53 CNY at the end of Q1 2019, reflecting a net increase of 134,334,400.79 CNY[59]. - The company’s cash outflow for financing activities was 1,838,168,658.27 CNY in Q1 2020, compared to 4,455,337,454.19 CNY in Q1 2019, showing a reduction in cash outflow[59]. Assets and Liabilities - The total assets at the end of the reporting period were ¥44,692,174,442.63, a slight increase of 0.36% from ¥44,533,854,391.40 at the end of the previous year[7]. - The company’s total liabilities decreased by 54.99% at the end of the reporting period, mainly due to the repayment of maturing financing bonds[16]. - Total liabilities increased to CNY 20,492,344,062.38 in Q1 2020 from CNY 19,231,159,809.19 in Q1 2019, marking an increase of 6.6%[46]. - Total liabilities amounted to ¥19,231,159,809.19, with non-current liabilities at ¥3,452,702,198.19[66]. - The total equity attributable to shareholders increased to CNY 15.07 billion from CNY 15.05 billion, a growth of 0.01%[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,288[12]. - The largest shareholder, Tsinghua Technology Service Co., Ltd., held 16.56% of the shares, amounting to 236,947,592 shares, with a portion being pledged[12]. - As of March 31, 2020, the company repurchased 1,317,760 shares, accounting for 0.0921% of the total share capital, with a total payment of RMB 10,206,286[21]. Expenses and Costs - Total operating costs for Q1 2020 were CNY 1,833,722,386.89, down 15.2% from CNY 2,163,474,589.42 year-on-year[46]. - Research and development expenses decreased by 52.08% year-on-year, mainly due to the optimization of project structure and reduced input in material consumption and product design fees[16]. - Sales expenses decreased by 43.30% year-on-year, primarily due to a reduction in the sales workforce and corresponding expenses[16]. - Other income decreased by 48.94% compared to the previous year, mainly due to a reduction in VAT refunds received[16]. Investment Activities - The company completed the transfer of 40% equity in its wholly-owned subsidiary, Xiong'an Puhua Water Technology Co., Ltd., for a total of 135.209 million yuan[18]. - The company’s investment activities cash inflow decreased by 73.84% year-on-year, primarily due to a reduction in financing lease income[16]. - The company recorded an investment loss of CNY 1,766,168.51 in Q1 2020, compared to a profit of CNY 21,685,469.11 in Q1 2019[46]. - In Q1 2020, the net cash flow from investment activities was -648,797,109.20 CNY, compared to -114,198,474.80 CNY in Q1 2019, indicating a significant increase in cash outflow[59]. Corporate Governance - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[22]. - There were no instances of unauthorized external guarantees during the reporting period[30]. - The company did not engage in any entrusted financial management during the reporting period[27]. - The company has no derivative investments during the reporting period[28]. - The company has not undergone an audit for the first quarter report[67].