华茂股份(000850) - 2020 Q1 - 季度财报

Financial Performance - Revenue for Q1 2020 was ¥548,133,300.59, a decrease of 14.37% compared to ¥640,137,947.56 in the same period last year[7] - Net profit attributable to shareholders was -¥168,930,934.62, representing a decline of 139.90% from ¥423,404,654.03 in the previous year[7] - Basic and diluted earnings per share were both -¥0.1790, down 139.89% from ¥0.4487 in the previous year[7] - Operating profit decreased by 139.46% to -¥197.34 million, mainly due to a decline in the fair value of financial assets[13] - Net profit for Q1 2020 was a loss of CNY 174,347,395.38, compared to a profit of CNY 420,552,884.16 in Q1 2019, representing a significant decline[38] - The net profit for the first quarter of 2020 was -157,750,503.75 CNY, compared to a profit of 435,346,391.70 CNY in the same period last year, indicating a significant decline[42] - Total comprehensive income for the first quarter was -159,633,078.51 CNY, compared to 429,979,256.86 CNY in the same quarter last year[42] Cash Flow - The net cash flow from operating activities improved to ¥10,973,683.11, a 125.44% increase from -¥43,143,024.49 in the same period last year[7] - Cash flow from operating activities generated a net inflow of 10,973,683.11 CNY, a recovery from a net outflow of -43,143,024.49 CNY in the previous year[44] - The net increase in cash and cash equivalents was -¥25.43 million, a decrease of 122.97% compared to the previous year[13] - Cash inflow from investment activities was 336,526.78 CNY, significantly lower than 437,369,455.50 CNY in the previous year[46] - Cash outflow from investment activities totaled 37,940,476.64 CNY, compared to 66,471,519.72 CNY in the same period last year[46] - Cash inflow from financing activities was 575,010,387.26 CNY, down from 888,673,632.63 CNY year-over-year[46] - The company reported a net cash outflow from financing activities of 341,435.60 CNY, contrasting with a net outflow of -215,970,181.67 CNY in the previous year[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,437,854,704.52, a decrease of 1.52% from ¥7,552,401,556.78 at the end of the previous year[7] - The total current assets as of March 31, 2020, amounted to CNY 3,030,591,900.99, a decrease from CNY 3,165,804,553.10 at the end of 2019, representing a decline of approximately 4.25%[29] - The total liabilities as of March 31, 2020, were CNY 3,258,268,742.16, compared to CNY 3,202,522,379.84 at the end of 2019, reflecting an increase of approximately 1.74%[31] - The total equity attributable to shareholders decreased from CNY 4,248,799,883.40 to CNY 4,083,899,145.11, a decline of approximately 3.9%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,936[10] - The largest shareholder, Anhui Huamao Group Co., Ltd., held 46.40% of the shares[10] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[11] Other Financial Metrics - Non-recurring losses totaled -¥143,293,486.36, primarily due to fair value changes in financial assets[7] - Research and development expenses for Q1 2020 were CNY 19,492,361.74, slightly down from CNY 20,246,004.84 year-on-year[38] - The company reported a significant loss in investment income of CNY -495,713.28 compared to a profit of CNY 114,413,571.31 in the previous year[38] - Other comprehensive income after tax for Q1 2020 was CNY 3,934,258.44, compared to a loss of CNY -5,367,134.84 in the same period last year[39] Inventory and Assets Management - The company's inventory increased to CNY 608,898,453.12 from CNY 590,305,882.08, marking an increase of approximately 3.3%[29] - The company's accounts receivable increased to CNY 338,593,444.06 from CNY 315,483,766.87, reflecting an increase of approximately 7.3%[29] - The company's long-term investments in equity remained relatively stable at CNY 1,073,973,039.63, slightly down from CNY 1,074,614,867.62[29] - The company's total non-current assets increased slightly from CNY 4,386,597,003.68 to CNY 4,407,262,803.53, an increase of about 0.47%[30] Compliance and Reporting - The company did not apply the new revenue and leasing standards for the first quarter of 2020[50] - The first quarter report was not audited[50]