海信家电(000921) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥7,585,620,733.19, a decrease of 12.68% compared to the same period last year[4] - The net profit attributable to shareholders was ¥43,550,392.57, representing a significant decline of 89.67% year-on-year[4] - The net cash flow from operating activities was ¥51,278,516.92, down 76.68% from the previous year[4] - Basic and diluted earnings per share were both ¥0.03, a decrease of 90.32% compared to ¥0.31 in the same period last year[4] - The company reported a net profit of CNY 4,687,807,238.89, compared to CNY 4,644,256,846.32, reflecting a slight increase of 0.94%[23] - Net profit for Q1 2020 was CNY 88,966,145.78, a decline of 79.5% compared to CNY 432,701,421.30 in Q1 2019[28] - The total comprehensive income attributable to the parent company is CNY 33,194,431.49, compared to CNY 423,092,609.28 in the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥33,148,515,955.91, a decrease of 2.48% from the end of the previous year[4] - Total current assets amounted to CNY 23,110,190,895.53, a decrease of 5.75% from CNY 24,520,457,276.99 on December 31, 2019[20] - Total non-current assets rose by 33.33% to ¥2,864,295,232.34, primarily due to an increase in time deposits at the end of the reporting period[13] - Total liabilities decreased to CNY 20,589,045,291.32 from CNY 21,509,800,523.05, indicating a reduction of 4.27%[22] - Total current liabilities were CNY 19,940,821,934.76, down from CNY 20,838,408,713.79, reflecting a decrease of 4.30%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,507[7] - The largest shareholder, Qingdao Hisense Air Conditioning Co., Ltd., held 37.92% of the shares[7] - The total equity attributable to shareholders of the parent company was CNY 8,754,788,164.11, up from CNY 8,721,593,732.62, showing an increase of 0.38%[23] Cash Flow - Cash received from sales of goods and services rose by 31.06% to ¥7,742,250,847.74, mainly due to the inclusion of data from Hisense Hitachi[13] - Cash flow from other investment activities increased by 451.89% to ¥2,538,707,519.43, mainly due to the inclusion of Hisense Hitachi data and increased maturity recoveries from financial products[13] - The cash inflow from operating activities totals CNY 8,192,409,136.55, an increase from CNY 6,401,420,415.10 in the previous period[34] - The cash outflow from operating activities is CNY 8,141,130,619.63, compared to CNY 6,181,524,851.80 in the previous period[34] - The ending balance of cash and cash equivalents was 1,515,092,607.37 yuan, down from 2,065,106,596.27 yuan at the beginning of the period[35] Expenses - Total operating costs for Q1 2020 were CNY 7,558,643,797.38, down from CNY 8,455,035,504.70 year-over-year[27] - Research and development expenses increased by 57.09% to ¥275,527,711.33, attributed to increased R&D investments[13] - Management expenses increased by 36.95% to ¥167,943,577.38, mainly due to the inclusion of data from Hisense Hitachi[13] - The company reported a decrease in sales expenses to CNY 1,087,667,447.83 from CNY 1,112,231,291.11 in the same period last year[27] Government Subsidies - The company received government subsidies amounting to ¥71,702,920.38 during the reporting period[5] - Other income increased by 317.47% to ¥49,519,333.15, primarily due to an increase in government subsidies received[13] Investment Activities - Short-term borrowings surged by 270.18% to ¥370,491,791.68, mainly due to increased short-term borrowings by subsidiaries[13] - Cash paid for other investment activities increased by 883.33% to ¥2,950,000,000.00, mainly due to the inclusion of Hisense Hitachi data and increased purchases of financial products[13] - The investment activities generated a net cash flow of CNY -482,308,570.24, a decrease from CNY 84,907,367.68 in the previous period[34] Other Information - The company did not engage in any repurchase transactions during the reporting period[10] - The company did not undergo an audit for the first quarter report[39] - The company did not apply new revenue and leasing standards for the current year[38]