承德露露(000848) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥848,943,283.52, a decrease of 8.80% compared to ¥930,892,960.54 in the same period last year[9]. - Net profit attributable to shareholders was ¥182,206,531.98, down 17.97% from ¥222,109,281.77 year-on-year[9]. - Basic earnings per share decreased to ¥0.19, down 17.39% from ¥0.23 in the same period last year[9]. - Operating income decreased by 38.54% to ¥346,198,281.65, attributed to a decrease in advance payments from distributors[20]. - Net profit for the current period is ¥184,370,163.31, a decline of 17.3% compared to ¥222,820,556.97 in the previous period[66]. - Total operating revenue for the current period is ¥848,943,283.52, a decrease of 8.8% from ¥930,892,960.54 in the previous period[59]. - The total comprehensive income amounted to CNY 145,235,649.72, compared to CNY 163,212,684.90 in the previous period, indicating a decrease of approximately 11%[72]. Cash Flow - The net cash flow from operating activities was -¥166,247,510.09, representing a decline of 56.13% compared to -¥106,480,255.10 in the previous year[9]. - Cash inflows from operating activities totaled CNY 351,922,288.84, down from CNY 568,367,249.82, representing a decline of about 38.2%[73]. - Cash outflows from operating activities were CNY 518,169,798.93, compared to CNY 674,847,504.92 in the previous period, reflecting a decrease of approximately 23.2%[76]. - The cash inflow from sales of goods and services was CNY 346,198,281.65, a decrease from CNY 563,293,682.42, indicating a decline of approximately 38.6%[73]. - The company's cash and cash equivalents net increase was -¥166,441,239.09, reflecting a decrease in operating cash flow[20]. - The ending cash and cash equivalents balance was CNY 2,037,181,039.52, compared to CNY 1,820,097,198.35 at the end of the previous period, showing an increase of about 12%[79]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,686,060,319.31, a decrease of 13.51% from ¥3,105,501,655.25 at the end of the previous year[9]. - Total liabilities decreased by 56.19% to ¥470,691,514.90, primarily due to a significant reduction in current liabilities[18]. - The company's total liabilities decreased from CNY 1,074,503,014.15 to CNY 470,691,514.90, a reduction of about 56.2%[47]. - The total equity attributable to shareholders rose from CNY 1,995,586,297.42 to CNY 2,177,792,829.40, an increase of approximately 9.1%[49]. - The company's current assets totaled CNY 2,126,934,073.57 as of March 31, 2020, down from CNY 2,530,646,346.30 at the end of 2019, indicating a decrease of about 16%[41]. Shareholder Information - The top shareholder, Wanxiang Agricultural Group Co., Ltd., holds 40.68% of the shares, with a total of 398,119,878 shares[12]. - The total number of ordinary shareholders at the end of the reporting period was 52,758[12]. Legal Matters - The company is involved in ongoing litigation regarding related party transactions, seeking compensation of ¥108,320,300 for economic losses[21]. - The company is currently involved in multiple legal disputes, including a case accepted by the Intermediate People's Court of Chengde on April 2, 2020, which may impact current and future profits[27]. - The company’s production operations remain normal despite ongoing legal disputes[24]. Operational Insights - Inventory decreased by 75.22% to ¥77,663,365.87 due to a reduction in raw materials and finished goods[18]. - Other current assets decreased by 81.55% to ¥207,972.64 due to a reduction in uncredited input tax[18]. - The company reported non-recurring gains and losses totaling ¥190,638.30 after tax impacts of ¥63,546.10[9]. - The company has maintained communication with investors regarding operational and litigation matters[36]. Research and Development - Research and development expenses for the current period are ¥3,706,464.81, slightly decreased from ¥4,644,207.04, indicating a focus on cost management in R&D[62]. - The company has not disclosed any new product developments or technological advancements in the recent reports[28][33]. Future Outlook - The company has not provided specific performance guidance or future outlook in the available documents[28][39]. - The company has not reported any significant market expansion or acquisition activities during the reporting period[28][39]. - The company has not reported any significant changes in user data or customer metrics in the recent disclosures[28][39].