众合科技(000925) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥341,210,290.10, a decrease of 33.76% compared to ¥515,079,949.05 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥152,666,029.39, representing a decline of 1,590.61% from a profit of ¥10,241,866.73 in the previous year[8] - Basic and diluted earnings per share were both -¥0.278, a significant drop of 1,563.16% from ¥0.019 in the previous year[8] - The company reported a net loss attributable to the parent company of ¥98.63 million, a decrease of 282.53% compared to the previous period[15] - The net profit for Q1 2020 was a loss of CNY 210,418,180.05, compared to a profit of CNY 15,947,084.89 in the same period last year, indicating a significant decline[39] - The total comprehensive income for Q1 2020 was a loss of CNY 212,538,028.10, compared to a gain of CNY 18,462,924.87 in the previous year[40] - The investment income for Q1 2020 was reported as a loss of CNY 445,948.91, a significant drop from a profit of CNY 890,985.55 in the same period last year[38] Cash Flow - The net cash flow from operating activities was negative at ¥474,791,668.73, worsening by 123.55% compared to a negative cash flow of ¥212,387,755.98 in the same period last year[8] - Net cash flow from operating activities worsened by 123.55% to -¥474.79 million, mainly due to increased cash payments for goods[15] - The cash inflow from operating activities amounted to CNY 419,924,328.62, an increase from CNY 393,424,374.81 in the previous period[46] - The net cash outflow from operating activities was CNY -474,791,668.73, compared to CNY -212,387,755.98 in the prior period, indicating a worsening cash flow situation[47] - The total cash inflow from financing activities reached CNY 1,083,032,480.91, up from CNY 698,316,780.53 in the previous period[48] - The net cash flow from financing activities was CNY 549,518,611.86, a significant improvement from CNY -60,204,972.99 in the prior period[48] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,448,793,132.26, an increase of 1.67% from ¥7,326,739,157.57 at the end of the previous year[8] - The total liabilities increased to CNY 5,160,222,622.58 from CNY 4,831,312,830.40[31] - The total owner's equity decreased to CNY 2,288,570,509.68 from CNY 2,495,426,327.17[32] - The total liabilities for the first quarter of 2020 were CNY 2,876,932,197.02, with non-current liabilities at CNY 503,664,889.17[59] Shareholder Information - The total number of common shareholders at the end of the reporting period was 33,493[11] - The largest shareholder, Zhejiang University Net New Technology Co., Ltd., held 10.43% of the shares, amounting to 57,317,110 shares[11] Operational Metrics - Accounts receivable decreased by 37.89% to ¥56.64 million due to payments for procurement[15] - Prepayments increased by 59.85% to ¥205.41 million due to increased procurement in ongoing projects[15] - Other current assets rose by 76.84% to ¥80.37 million primarily due to an increase in VAT credits[15] - Research and development expenses increased by 40.00% to ¥44.23 million due to amortization of intangible assets and increased R&D costs[15] - Financial expenses surged by 564.78% to ¥180.81 million due to significant depreciation of the Mexican peso, resulting in foreign exchange losses[15] - The total operating costs for Q1 2020 were CNY 569,556,283.56, an increase from CNY 475,571,854.81 in the previous year, representing a growth of approximately 19.7%[38] - The sales expenses for Q1 2020 were CNY 31,511,626.85, which is an increase from CNY 13,659,647.79 in the previous year, showing a rise of approximately 130%[38] Changes in Financial Reporting - The implementation of the new revenue recognition standard starting January 1, 2020, has led to adjustments in financial reporting, impacting the comparability of data[55]