中科三环(000970) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥747,646,536.72, a decrease of 18.78% compared to ¥920,516,962.32 in the same period last year[8]. - The net profit attributable to shareholders was ¥12,222,882.82, down 72.36% from ¥44,220,445.29 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥11,747,294.27, a decline of 70.71% compared to ¥40,112,059.46 in the previous year[8]. - The basic earnings per share decreased to ¥0.0115, down 72.29% from ¥0.0415 in the same period last year[8]. - Net profit for the current period was ¥11,797,291.01, a decline of 77.5% compared to ¥52,413,493.70 in the previous period[65]. - The company recorded a total comprehensive income of ¥12,074,455.09, significantly lower than ¥67,684,405.60 in the previous period[65]. - Operating revenue for the current period is ¥358,190,591.51, a decrease of 16.3% from ¥428,226,095.00 in the previous period[69]. - Net profit for the current period is ¥6,031,727.84, down 66.7% from ¥18,159,931.42 in the previous period[72]. - Operating profit decreased to ¥10,207,837.66, a decline of 53.7% compared to ¥22,054,388.00 in the previous period[69]. Cash Flow - The net cash flow from operating activities was ¥189,077,425.15, an increase of 2.69% from ¥184,126,891.02 year-on-year[8]. - The net cash flow from investment activities for the period is -48,495,600 yuan, an increase of 50.11% compared to the previous period, mainly due to a decrease in cash paid for investments[24]. - The net cash flow from financing activities for the period is 41,048,700 yuan, an increase of 397.14% compared to the previous period, primarily due to an increase in cash received from borrowings[24]. - The net cash flow from operating activities was -37,371,089.84 CNY, a decrease from 4,569,963.91 CNY in the previous period, indicating a significant decline in operational performance[83]. - The cash outflow from operating activities totaled 524,999,272.30 CNY, an increase from 500,312,615.66 CNY in the previous period, indicating higher operational costs[83]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,556,488,171.79, reflecting a 1.38% increase from ¥6,467,246,865.40 at the end of the previous year[8]. - Total liabilities as of March 31, 2020, were ¥1,160,019,270.54, representing an increase of 7.15% from ¥1,082,852,419.24 at the end of 2019[48]. - The company's total assets decreased to ¥3,001,592,005.44 from ¥3,125,333,787.22, reflecting a reduction of 4.0%[58]. - Total liabilities decreased to ¥460,815,718.91 from ¥590,866,392.61, a decline of 22.0%[58]. - The total liabilities amounted to 1,082,852,419.24 CNY, remaining stable compared to the previous period[90]. - The total assets were reported at 6,467,246,865.40 CNY, unchanged from the previous period, indicating stability in the asset base[90]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,067[12]. - The largest shareholder, Beijing Sanhuan Holdings Co., Ltd., held 23.17% of the shares, totaling 246,853,272 shares[12]. - The net assets attributable to shareholders increased to ¥4,587,064,518.09, a rise of 0.27% from ¥4,574,564,471.19 at the end of the previous year[8]. - The total owner's equity increased to ¥5,396,468,901.25, up from ¥5,384,394,446.16 at the end of 2019[51]. - The company's equity attributable to shareholders was 4,574,564,471.19 CNY, consistent with the previous period, reflecting no change in shareholder equity[90]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥8,209,781.02 during the reporting period[8]. - Other income for the period amounts to 8,374,300 yuan, an increase of 1,006.25% compared to the previous period, mainly due to an increase in government subsidies recognized as income[23]. - The company received tax refunds amounting to ¥50,466,833.51, down from ¥68,955,589.10 in the previous period[76]. - The company received tax refunds amounting to 29,532,240.59 CNY, slightly higher than 28,414,300.25 CNY in the previous period, indicating improved tax recovery[83]. Inventory and Receivables - The company's inventory increased to ¥1,533,007,091.55, up by 7.76% from ¥1,422,728,394.22 as of December 31, 2019[42]. - The ending balance of accounts receivable notes is 56,368,800 yuan, an increase of 34.87% compared to the beginning of the period, primarily due to an increase in notes received from sales[23]. - The ending balance of accounts receivable financing is 3,020,500 yuan, a decrease of 89.26% compared to the beginning of the period, mainly due to a reduction in the maturity of financing notes[23]. - The company reported a decrease in accounts receivable to ¥1,005,901,289.46, down by 14.74% from ¥1,179,923,815.39 as of December 31, 2019[42]. - The company has a total inventory valued at approximately $189.17 million[99]. Financial Expenses and Income - The financial expenses for the period amount to -13,943,200 yuan, a decrease of 163.51% compared to the previous period, primarily due to an increase in exchange gains[23]. - The company reported a financial income of ¥4,450,720.30, compared to a financial expense of ¥13,943,160.93 in the previous period[62]. - Financial expenses showed a significant change with a net income of -¥8,548,938.10 compared to an expense of ¥7,368,076.36 in the previous period[69]. Risk Management - The company has implemented risk control measures for derivative investments, including strict adherence to authorized trading limits and regular training for personnel involved in these transactions[34]. - The independent directors agree that the company's foreign exchange forward and options business is aimed at hedging against exchange rate risks and aligns with the company's operational needs[34].