秦川机床(000837) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥686,167,002.24, a decrease of 20.74% compared to ¥865,712,303.73 in the same period last year[9]. - The net profit attributable to shareholders of the listed company was -¥23,895,342.08, compared to a profit of ¥6,105,161.78 in the previous year[9]. - The net cash flow from operating activities was -¥76,899,729.89, worsening from -¥62,549,680.33 in the same period last year[9]. - The basic and diluted earnings per share were both -¥0.0345, compared to ¥0.0088 in the same period last year[9]. - The weighted average return on net assets was -1.08%, down from 0.24% in the previous year[9]. - The company reported a net loss of ¥50,564,493.29 for the period, compared to a loss of ¥26,669,151.21 in the previous period[45]. - Total operating revenue for the current period was ¥686,167,002.24, a decrease of 20.7% compared to ¥865,712,303.73 in the previous period[57]. - Total operating costs for the current period were ¥715,349,922.98, down from ¥866,213,916.09, reflecting a reduction of 17.4%[57]. - Operating profit for the current period was -¥25,811,898.81, compared to a profit of ¥19,515,882.09 in the previous period[60]. - Net profit for the current period was -¥25,273,525.78, a significant decline from a profit of ¥16,656,435.32 in the previous period[60]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,829,488,654.83, an increase of 2.86% from ¥8,584,163,681.23 at the end of the previous year[9]. - The total current assets amounted to ¥5,236,274,261.79, an increase of 10.5% from ¥4,738,473,953.22 on December 31, 2019[37]. - Total liabilities as of March 31, 2020, were ¥5,927,315,481.53, an increase of 4.8% from ¥5,658,122,152.59[43]. - The company's total equity as of March 31, 2020, was ¥2,902,173,173.30, a slight decrease from ¥2,926,041,528.64[45]. - Long-term receivables decreased to ¥725,785,266.36 from ¥993,173,206.64, a decline of 26.9%[40]. - The total non-current assets were ¥3,593,214,393.04, down from ¥3,845,689,728.01, a decrease of 6.5%[40]. Cash Flow - Cash inflow from operating activities totaled ¥547,521,142.09, down from ¥655,544,203.74 in the previous period[73]. - Total cash outflow from operating activities was ¥624,420,871.98, compared to ¥718,093,884.07 in the previous period, showing a decrease in cash outflow[73]. - Investment activities generated a net cash flow of ¥30,262,176.66, an improvement from ¥5,679,869.50 in the previous period[73]. - The net cash flow from financing activities was 212,064,170.33 CNY, an increase from 150,234,868.36 CNY in the previous period, reflecting a growth of approximately 41.1%[75]. - The total cash and cash equivalents at the end of the period amounted to 757,013,611.93 CNY, compared to 778,994,143.10 CNY in the previous period, indicating a decrease of about 2.9%[75]. Shareholder Information - The total number of shareholders at the end of the reporting period was 57,920[12]. - The largest shareholder, the Shaanxi Provincial State-owned Assets Supervision and Administration Commission, held 15.94% of the shares[12]. - The company’s major shareholders are transferring a total of 202,325,013 shares (29.18% of total shares) to Faste Group, which may impact control dynamics[22]. - The company has no overdue or unfulfilled commitments from major shareholders or related parties during the reporting period[23]. Research and Development - Development expenses rose by 68.01% to ¥28,254,801.47, mainly due to increased investment in research projects and new products by the company and its subsidiary Baoji Machine Tool Group Co., Ltd.[20]. - Research and development expenses increased to ¥20,343,081.61, up from ¥17,185,871.06, indicating a rise of 12.6%[57]. - Research and development expenses increased to ¥8,245,182.36, up from ¥5,288,008.69, representing a 56.9% increase[63]. Other Income and Expenses - The company reported non-operating income of ¥9,572,810.38 from government subsidies during the reporting period[9]. - Tax and additional charges decreased by 38.44% to ¥7,916,714.24, attributed to a decline in sales revenue compared to the same period last year[20]. - Other income increased by 33.63% to ¥9,637,332.58, mainly due to higher government subsidies and deferred income recognized during the period[20]. - Investment income fell by 85.25% to ¥1,114,498.12, primarily due to reduced returns from trust products[20]. Financial Management - The company has no significant or high-risk financial management products during the reporting period, with a total of ¥1,700 million in trust financial products[27]. - The company did not undergo an audit for the first quarter report[82].