张裕A(000869) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥800,586,544, a decrease of 51.99% compared to ¥1,667,424,758 in the same period last year[2]. - Net profit attributable to shareholders was ¥233,129,459, down 48.92% from ¥456,381,471 year-on-year[2]. - Basic and diluted earnings per share were both ¥0.34, representing a decrease of 49.25% from ¥0.67 in the same period last year[2]. - Total operating revenue for Q1 2020 was CNY 800,586,544, a decrease of 52% compared to CNY 1,667,424,758 in the same period last year[20]. - Net profit for Q1 2020 was CNY 310,452,612, compared to CNY 612,086,634 in Q1 2019, reflecting a decline of 49%[20]. - The total profit for the current period is -5,360,170 yuan, down from 5,083,895 yuan in the previous period[24]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥117,099,945, a decline of 139.74% compared to ¥294,678,342 in the previous year[2]. - The operating cash flow for the current period is -117,099,945 yuan, a decrease from 294,678,342 yuan in the previous period[26]. - The total cash and cash equivalents at the end of the period decreased to 486,432,175 RMB from 794,019,846 RMB in the previous period, indicating a significant reduction in liquidity[29]. - Cash and cash equivalents decreased to CNY 1,357,943,341 from CNY 1,565,783,980, representing a decline of approximately 13.25%[13]. - The cash inflow from sales of goods and services was 115,544,590 RMB, down from 171,139,612 RMB in the previous period, reflecting a decrease in revenue generation[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥13,447,791,010, a decrease of 1.47% from ¥13,647,932,568 at the end of the previous year[2]. - The company's total liabilities decreased by 1.47%, while net assets attributable to shareholders increased by 2.19% to ¥10,534,302,179[2]. - Total liabilities decreased to CNY 804,626,879 from CNY 962,626,128, a decline of about 16%[19]. - The company's current assets totaled CNY 5,199,771,160, down from CNY 5,380,262,056 at the end of 2019, indicating a decrease of about 3.36%[13]. - Total liabilities amounted to CNY 3,069,094,638[33]. Expenses - Sales expenses decreased by 68.55% due to reduced marketing activities amid the COVID-19 pandemic[8]. - Financial expenses increased by 193.12% as the company did not receive bank loan interest subsidies in the current period[8]. - Research and development expenses for Q1 2020 were CNY 717,857, down from CNY 990,219 in Q1 2019, indicating a reduction of approximately 27%[20]. - The company reported a decrease in sales expenses and management expenses, with management expenses at 18,193,114 yuan compared to 20,122,062 yuan in the previous period[24]. - The company’s financial expenses for the current period are -6,073,212 yuan, compared to -4,343,667 yuan in the previous period[24]. Shareholder Information - The company had a total of 45,626 common shareholders at the end of the reporting period, with the largest shareholder, Yantai Zhangyu Group Co., Ltd., holding 50.40% of the shares[5]. - The total equity attributable to shareholders increased to CNY 10,534,302,179 from CNY 10,308,910,198, representing a growth of approximately 2.2%[16]. - The company's retained earnings as of March 31, 2020, were CNY 8,953,028,818, an increase from CNY 8,719,899,359 at the end of 2019[16]. Accounting and Reporting - The company reported a 100% decrease in advance receipts due to the implementation of new accounting standards starting January 1, 2020[8]. - The report was not audited, indicating that the figures may be subject to change upon final review[36]. - The company has not engaged in any securities investments, entrusted financial management, or derivative investments during the reporting period[12].