潍柴重机(000880) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥499,714,114.77, a decrease of 15.08% compared to ¥588,423,239.91 in the same period last year[9]. - Net profit attributable to shareholders increased by 35.23% to ¥13,099,652.11 from ¥9,686,615.78 year-on-year[9]. - The net profit after deducting non-recurring gains and losses rose by 61.43% to ¥13,053,591.21 compared to ¥8,086,023.92 in the previous year[9]. - The basic earnings per share increased by 25.00% to ¥0.05 from ¥0.04 in the same period last year[9]. - Total operating revenue for the first quarter was CNY 499,714,114.77, a decrease from CNY 588,423,239.91 in the previous period[36]. - Net profit for the quarter was CNY 13,099,652.11, compared to CNY 9,686,615.78 in the same period last year, representing a growth of approximately 35.5%[38]. - Operating profit for the first quarter reached CNY 12,052,574.46, significantly higher than CNY 3,506,084.71 in the previous year, indicating a growth of about 243.5%[42]. - Total comprehensive income for the first quarter was CNY 10,683,247.91, compared to CNY 4,922,352.28 in the previous year, marking an increase of approximately 117.0%[43]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,212,612,192.77, a decrease of 0.99% from ¥4,254,578,051.21 at the end of the previous year[9]. - The total liabilities decreased to CNY 2,739,875,706.65 from CNY 2,795,583,754.25, a reduction of approximately 1.99%[30]. - The company's current assets totaled CNY 2,052,611,353.75, down from CNY 2,082,401,977.66, indicating a decrease of about 1.43%[28]. - The total assets amounted to CNY 4,104,304,889.60, a decrease from CNY 4,159,808,175.40[34]. - The total liabilities decreased to CNY 2,657,492,836.22 from CNY 2,724,168,757.86[34]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,054[12]. - The top shareholder, Weichai Holding Group Co., Ltd., held 30.59% of the shares, totaling 84,465,500 shares[12]. - The company's equity attributable to shareholders increased to CNY 1,472,736,486.12 from CNY 1,458,994,296.96, reflecting an increase of about 0.94%[31]. - Total equity increased to CNY 1,446,812,053.38 from CNY 1,435,639,417.54[34]. Cash Flow - The net cash flow from operating activities was negative at -¥41,269,415.69, worsening by 17.42% compared to -¥35,146,032.96 in the previous year[9]. - Cash inflows from operating activities of CNY 684,350,409.89, compared to CNY 617,559,391.00 in the previous year, showing an increase of approximately 10.8%[45]. - Cash outflows from operating activities totaled CNY 725,619,825.58, compared to CNY 652,705,423.96 in the same period last year, indicating an increase of about 11.2%[46]. - Investment activities resulted in a net cash outflow of CNY 2,904,316.70, compared to CNY 11,370,156.84 in the previous year, showing a decrease in outflow[50]. Other Financial Metrics - The weighted average return on equity was 0.89%, up from 0.70% in the same period last year[9]. - Research and development expenses were CNY 34,222,080.06, slightly down from CNY 36,161,288.92[37]. - Investment income rose to CNY 15,347,878.23 from CNY 14,708,563.71 year-over-year[37]. - The company reported a financial expense of -CNY 4,812,154.49, compared to -CNY 1,963,250.79 in the previous period[37]. - The company experienced a negative impact of CNY 261,345.40 from foreign exchange rate changes on cash and cash equivalents[47]. Corporate Governance - The chairman of Weichai Heavy Machinery Co., Ltd. is Xu Hong[53]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[23]. - The first quarter report for 2020 was not audited[52]. - The company began implementing new revenue and lease standards in 2020, but did not apply retrospective adjustments to prior comparative data[51].