航天科技(000901) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,186,680,464.57, a decrease of 12.46% compared to ¥1,355,600,156.88 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥61,011,667.56, representing a significant decline of 619.82% from a loss of ¥8,475,959.93 in the previous year[8] - The total revenue for the reporting period was 13,318.14 million, a decrease of 27.5% compared to 18,259.98 million in the previous period[35] - The net profit for the current period is a loss of ¥62,160,881.57, compared to a loss of ¥7,397,873.53 in the previous period, reflecting a significant increase in losses[68] - The total comprehensive income for the current period is a loss of ¥52,695,184.07, compared to a loss of ¥92,272,564.34 in the previous period, indicating an improvement in comprehensive losses[70] - The company reported a basic and diluted earnings per share of -0.0825 for the current period, compared to -0.0138 in the previous period, showing a worsening in earnings performance[70] - Basic and diluted earnings per share decreased to -0.0087 from 0.0060, highlighting a decline in profitability[79] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥27,218,778.82, a 158.15% increase from a negative cash flow of ¥46,806,733.96 in the same period last year[8] - Cash and cash equivalents at the end of the period increased to ¥1,387,517,681.55 from ¥828,123,081.05, indicating improved liquidity[86] - Operating cash inflow for the current period was ¥56,820,497.68, down 36.5% from ¥89,401,551.31 in the previous period[87] - Net cash flow from operating activities was -¥56,612,418.65, compared to -¥9,059,641.39 in the previous period, indicating a significant decline[87] - Cash inflow from financing activities was ¥861,458,655.60, with a net cash flow of ¥527,982,693.34 after outflows[90] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,501,278,520.58, reflecting a growth of 7.04% from ¥7,007,661,704.85 at the end of the previous year[8] - Total liabilities decreased to ¥2,388,572,797.22 from ¥2,699,373,399.11, a reduction of approximately 11.5%[50] - Current liabilities totaled ¥1,597,867,270.29, down from ¥1,903,793,502.11, indicating a decrease of about 16.0%[50] - Total equity reached ¥4,308,288,305.74, with attributable equity to shareholders of the parent company at ¥4,126,342,466.55[97] - The company has a total of ¥4,494,342,108.67 in total assets, indicating a robust asset base for future operations[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 78,422[11] - The largest shareholder, China Aerospace Science and Industry Corporation, held 16.96% of the shares, totaling 125,425,644 shares[11] Government Support and Subsidies - The company received government subsidies amounting to ¥6,823,029.25 during the reporting period[8] - The company reported a 110.89% increase in other income to ¥7,215,048.84, driven by increased government subsidies[24] Financial Management and Expenses - Financial expenses increased by 1610.27% to ¥33,319,355.05, primarily due to exchange losses from Euro borrowings caused by the depreciation of the Mexican Peso[21] - Research and development expenses for the current period are reported at ¥69,676,857.78, an increase from ¥62,899,655.22 in the previous period, reflecting a focus on innovation[65] - Financial expenses decreased to ¥815,591.65 from ¥1,892,472.45, reflecting better financial management[72] Changes in Assets - Bank deposits increased by 62.07% to ¥1,399,790,960.38 due to share placement financing[21] - Derivative financial assets surged by 2069.68% to ¥2,766,048.83, attributed to changes in fair value of financial derivatives[21] - The company’s intangible assets decreased by 40.37% to ¥205,981,656.17, attributed to changes in revenue recognition standards[21] - Accounts receivable increased to ¥1,008,957,343.15, up from ¥952,474,724.65, reflecting a rise of approximately 5.9%[93] - Inventory levels increased to 1,297,383,031.51 from 1,228,575,586.26, reflecting a growth of 5.6%[44] Risk Management - The company has established a comprehensive risk control mechanism for its derivative investments, focusing on market, credit, liquidity, and operational risks[35] - The company has implemented financial derivative transactions to mitigate foreign exchange risks, which are based on reasonable estimates of future foreign exchange receipts and payments[37] Accounting and Reporting Changes - The company has not reported any significant changes in its accounting policies for derivative financial instruments compared to the previous reporting period[39] - The company has implemented new revenue and leasing standards starting in 2020, which may impact future financial reporting[104]