钱江摩托(000913) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥532,045,101.72, a decrease of 40.53% compared to ¥894,626,500.96 in the same period last year[9] - Net profit attributable to shareholders was ¥15,624,383.31, an increase of 11.27% from ¥14,041,484.60 year-on-year[9] - The net profit after deducting non-recurring gains and losses reached ¥9,098,544.66, a significant increase of 275.25% compared to ¥2,424,692.48 in the previous year[9] - Net profit for Q1 2020 was CNY 3,674,821.64, a decline of approximately 46.0% from CNY 6,792,128.28 in Q1 2019[70] - The company's gross profit margin for Q1 2020 was approximately 3.2%, compared to 0.4% in the previous year, indicating an improvement in profitability despite lower revenues[70] - The total profit for the current period is 21,781,540.41, up from 16,841,837.68 in the previous period, indicating a growth of approximately 29%[78] Cash Flow - The net cash flow from operating activities was ¥121,566,462.57, down 54.24% from ¥265,656,907.94 in the same period last year[9] - Cash flow from operating activities generated a net amount of 121,566,462.57, down from 265,656,907.94 in the previous period, a decrease of approximately 54%[81] - The company reported a decrease in cash flow from investing activities, with a net cash outflow of -40,660,275.69 compared to -12,693,904.54 in the previous period[84] - The net cash flow from investing activities was -39,719,028.50, compared to 1,757,076.36 in the previous period, indicating a significant decrease in cash generated from investments[91] - The company reported a net increase in cash and cash equivalents of -¥162,371,173.19, a decrease of 39.14%, influenced by operating, investing, and financing activities[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,811,994,645.87, reflecting a growth of 2.11% from ¥4,712,777,270.39 at the end of the previous year[9] - Total liabilities as of March 31, 2020, were approximately CNY 2.13 billion, up from CNY 2.04 billion, indicating an increase of about 4.5%[52] - The total equity attributable to shareholders of the parent company increased to approximately CNY 2.71 billion from CNY 2.70 billion, reflecting a growth of about 0.6%[55] - The total liabilities of the company as of the end of Q1 2020 were CNY 1,443,535,649.37, slightly up from CNY 1,434,868,800.76[62] Shareholder Information - The top shareholder, Geely Technology Group Co., Ltd., holds 29.77% of the shares, with a total of 135,000,000 shares pledged[14] Research and Development - Research and development expenses increased by ¥11,948,713.47, a rise of 51.27%, due to investments in new product molds during the reporting period[24] - Research and development expenses increased to CNY 35,255,582.00, up from CNY 23,306,868.53, representing a growth of about 51.4% year-over-year[67] Financial Management - Financial expenses decreased by ¥40,960,693.38, a reduction of 175.57%, due to increased interest income from time deposits and foreign exchange gains from subsidiaries[24] - The company reported a financial expense of CNY -17,630,237.19, a significant decrease from CNY 23,330,456.19 in the previous year, indicating improved financial management[67] Other Financial Metrics - The weighted average return on net assets was 0.58%, slightly up from 0.56% in the previous year[9] - The company reported a non-operating income of ¥6,525,838.65 during the reporting period[9] - The company experienced a significant decline in investment income, down by ¥18,653,677.20, a decrease of 287.42%, due to losses from equity investments[24] - The company reported a 64.66% increase in income tax expenses, amounting to an increase of ¥6,807,987.15, due to higher current income tax obligations[24] Current Assets - As of March 31, 2020, the total current assets amounted to approximately CNY 3.25 billion, an increase from CNY 3.16 billion as of December 31, 2019, representing a growth of about 2.6%[46] - Cash and cash equivalents increased to approximately CNY 1.54 billion from CNY 1.23 billion, reflecting a growth of about 25.4%[46] - Accounts receivable decreased to approximately CNY 453.46 million from CNY 657.47 million, a decline of about 30.9%[46] - Inventory increased slightly to approximately CNY 878.12 million from CNY 865.90 million, showing a growth of about 1.3%[46] Employee Compensation - The company reported a decrease in employee compensation payable to approximately CNY 47.72 million from CNY 73.73 million, a reduction of about 35.3%[52] Accounting Practices - The company did not apply new revenue and lease standards for the first quarter of 2020, indicating stability in accounting practices[92] - The first quarter report was not audited, which may affect the reliability of the financial data presented[94]