冀东装备(000856) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥572,802,009.56, a decrease of 5.80% compared to ¥608,089,153.33 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥3,240,247.03, representing a decline of 105.94% from a loss of ¥1,573,358.37 in the previous year[9] - The basic earnings per share were -¥0.0143, a decrease of 105.94% from -¥0.0069 in the previous year[9] - Total profit was a loss of ¥4,450,983.97, reflecting a significant decline influenced by various factors[16] - The net loss for the first quarter was CNY 4,918,764.65, compared to a net loss of CNY 36,452.39 in the same period last year[41] - The company's operating profit (loss) was reported at CNY -5,351,242.02, compared to CNY -240,187.39 previously[41] - Total operating costs amounted to CNY 578,192,511.55, down from CNY 610,284,145.17 year-over-year[40] - Total comprehensive income for the first quarter was -6,610,693.69 CNY, compared to -9,321,413.08 CNY in the same period last year, showing an improvement[46] - Basic and diluted earnings per share were both -0.0291 CNY, an improvement from -0.0411 CNY year-over-year[46] Cash Flow - The net cash flow from operating activities was -¥7,702,790.92, showing an improvement of 92.41% compared to -¥101,473,123.07 in the same period last year[9] - Cash inflow from operating activities was 411,795,274.12 CNY, up from 318,016,137.15 CNY in the previous year, representing a 29.4% increase[48] - Cash outflow from operating activities totaled 419,498,065.04 CNY, slightly increased from 419,489,260.22 CNY, resulting in a net cash flow from operating activities of -7,702,790.92 CNY, an improvement from -101,473,123.07 CNY year-over-year[49] - Cash flow from investing activities was -2,273,348.53 CNY, an improvement from -8,410,917.85 CNY in the previous year[49] - Cash flow from financing activities resulted in a net outflow of -2,619,439.03 CNY, compared to -7,099,421.42 CNY last year, indicating a reduction in cash outflow[50] - The ending balance of cash and cash equivalents was 176,929,935.13 CNY, significantly improved from 65,428,313.96 CNY in the previous year[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,302,935,750.03, a slight decrease of 0.15% from ¥2,306,289,386.93 at the end of the previous year[9] - The net assets attributable to shareholders were ¥337,483,020.17, down 0.95% from ¥340,723,267.20 at the end of the previous year[9] - Total liabilities as of March 31, 2020, were CNY 1,857,439,848.08, slightly up from CNY 1,855,874,720.33, showing a marginal increase of about 0.08%[33] - The company's total equity decreased to CNY 445,495,901.95 from CNY 450,414,666.60, a decline of about 1.98%[34] - The total liabilities decreased to CNY 330,419,778.60 from CNY 360,132,761.92[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,398[12] - The largest shareholder, Jidong Development Group, holds 30.00% of the shares, totaling 68,099,999 shares[12] - There were no significant related party transactions or agreements for repurchase transactions among the top shareholders during the reporting period[13] Investments and Expenses - Research and development expenses decreased by 56.21% to ¥3,516,302.18, indicating a reduction in R&D investment during the period[16] - The company approved a capital increase of ¥5,387.41 million for Tangshan Dunshi Electric Co., Ltd.[17] - Fixed asset investment in Tangshan Caofeidian Jidong Equipment Machinery Heat Processing Co., Ltd. reached ¥5,259.65 million by the end of the reporting period[18] - The company has completed an investment of ¥10,903.72 million in the smart electrical manufacturing base project at the Caofeidian Industrial Zone[18] - The company reported a decrease in management expenses to CNY 14,145,660.99 from CNY 21,564,277.41 year-over-year[40] - Other income increased to CNY 13,211.33 from CNY 7,878.45 in the previous period[40] Miscellaneous - The company received government subsidies amounting to ¥630,046.81 during the reporting period[10] - The actual entrusted loan balance from Jidong Development Group was ¥291.87 million by the end of the reporting period[18] - As of March 31, 2020, total current assets amounted to CNY 1,711,916,755.25, a slight decrease from CNY 1,724,469,130.16 as of December 31, 2019, representing a decline of approximately 0.73%[31] - Accounts receivable increased to CNY 743,636,638.27 from CNY 645,547,358.45, reflecting a growth of about 15.19%[31] - Total non-current assets reached CNY 591,018,994.78, up from CNY 581,820,256.77, indicating an increase of approximately 1.03%[32] - Cash and cash equivalents decreased to CNY 203,425,940.67 from CNY 214,589,828.74, a decline of about 5.03%[31] - Inventory decreased to CNY 186,253,835.32 from CNY 198,051,048.28, reflecting a reduction of approximately 5.88%[31] - Short-term borrowings increased to CNY 521,870,000.00 from CNY 513,150,000.00, an increase of approximately 1.40%[32] - The company reported a net loss of CNY 314,156,955.45 in retained earnings as of March 31, 2020, compared to a loss of CNY 310,916,708.42 at the end of 2019[34] - The company has not undergone an audit for the first quarter report[55] - The company has not applied new revenue and leasing standards for the first quarter[54] - The company’s chairman is Zhou Chengwei, who presented the report on April 23, 2020[56]