盈峰环境(000967) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥2,199,341,508.70, a decrease of 19.90% compared to ¥2,745,726,716.64 in the same period last year[9] - Net profit attributable to shareholders was ¥143,689,074.77, down 39.26% from ¥236,548,760.94 year-on-year[9] - Basic earnings per share decreased by 28.57% to ¥0.05 from ¥0.07 in the same period last year[9] - The company reported a net profit of -42.08 million yuan for the period, which is 16.21 million yuan less than the promised performance of 120 million yuan for 2016-2019[20] - Net profit for the first quarter was CNY 150,748,795.67, compared to CNY 242,790,183.45 in the same period last year, reflecting a decline of about 38%[60] - The total comprehensive income attributable to the parent company is CNY 143,689,074.77, a decrease from CNY 236,548,760.94 in the previous period[64] Cash Flow - The net cash flow from operating activities improved significantly, reaching -¥144,580,287.91, an 82.81% increase compared to -¥841,174,093.07 in the previous year[9] - The cash flow from operating activities shows a net outflow of CNY -144,580,287.91, improving from a larger outflow of CNY -841,174,093.07 in the previous period[75] - The total cash inflow from operating activities reached 3,899,661,404.46, compared to 805,405,593.11 in the previous period, showing a substantial increase in operational cash generation[79] - The company reported a net cash flow from operating activities of 208,200,371.19, a recovery from a negative cash flow of -5,751,337.98 in the previous period, indicating operational efficiency improvements[79] Assets and Liabilities - Total assets at the end of the reporting period were ¥25,492,720,602.07, reflecting a 2.57% increase from ¥24,854,667,694.94 at the end of the previous year[9] - Total current assets amounted to ¥12,242,306,350.65, an increase from ¥11,798,880,174.22 as of December 31, 2019, representing a growth of approximately 3.77%[38] - Total non-current assets reached ¥13,250,414,251.42, up from ¥13,055,787,520.72, which is an increase of about 1.49%[41] - Total liabilities decreased to CNY 857,363,648.73 from CNY 922,565,114.92, showing a reduction of about 7%[54] - Total current liabilities increased to ¥8,282,235,306.79 from ¥8,084,683,402.69, representing a rise of approximately 2.45%[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,060[13] - The largest shareholder, Ningbo Yingfeng Asset Management Co., Ltd., holds 32.18% of the shares, totaling 1,017,997,382 shares[13] - The total equity attributable to shareholders of the parent company as of March 31, 2020, was ¥15,757,546,770.69, up from ¥15,514,697,715.97, reflecting an increase of approximately 1.57%[47] Investments and Expenditures - The company has invested 95 million yuan in bank wealth management products during the reporting period, with no overdue amounts[28] - The fair value of the company's investment in Huaxia Fortune decreased by 58.58 million yuan, with a year-end book value of 156.68 million yuan[24] - The company has not engaged in any derivative investments during the reporting period[29] - The company received government subsidies amounting to ¥2,290,422.31, which are closely related to its business operations[12] Operational Performance - The company failed to fulfill its commitment to process a minimum of 6,500 tons of waste per day under the BOT agreement, achieving only 1,400 tons, falling short by 5,100 tons[23] - Research and development expenses amounted to CNY 41,241,158.33, down from CNY 56,892,328.40 year-over-year, indicating a reduction of approximately 27%[57] - The company has not disclosed any new product or technology developments in the reporting period[20] Financing Activities - The net cash flow from financing activities was 615,760,645.90, an increase from 257,913,512.70 in the previous period, indicating a significant improvement in financing operations[78] - The cash outflow for financing activities totaled 357,918,012.00, compared to 138,578,001.67 in the previous period, indicating increased financial obligations[82]