ST高升(000971) - 2020 Q1 - 季度财报

Financial Performance - Revenue for Q1 2020 was CNY 165,494,801.81, a decrease of 10.02% compared to CNY 183,919,908.63 in the same period last year[7]. - Net profit attributable to shareholders was CNY -26,021,160.27, representing a decline of 157.85% from CNY 44,978,054.20 year-on-year[7]. - Basic and diluted earnings per share were both CNY -0.025, down 160.98% from CNY 0.041 in the same quarter last year[7]. - The company reported a weighted average return on equity of -1.35%, down from 2.46% in the same period last year[7]. - The total comprehensive income for the period was -36,661,214.72, compared to 28,670,754.01 in the previous period[53]. - The net profit for the period was -36,661,214.72, a significant decline from the previous net profit of 28,670,754.01[52]. - Net loss for Q1 2020 amounted to ¥26,189,503.47, compared to a net profit of ¥44,693,339.13 in Q1 2019, indicating a significant decline in profitability[48]. Cash Flow and Liquidity - Net cash flow from operating activities was CNY -50,615,529.95, an increase in outflow of 15.39% compared to CNY -43,864,889.52 in the previous year[7]. - The company reported cash outflow from financing activities of 21,513,660.00, indicating a substantial cash usage in this area[60]. - The net cash flow from operating activities was -283,636.82, a significant decrease compared to the previous period's net cash flow of 19,543,213.16[59]. - Cash and cash equivalents decreased to CNY 436,755,061.04 from CNY 507,627,573.61, representing a decline of about 13.9%[38]. - Cash and cash equivalents at the end of the period totaled 436,755,061.04, slightly up from 425,640,355.53 at the end of the previous period[57]. - The ending balance of cash and cash equivalents was 19,862.63, down from 22,803.62 in the previous period[60]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,340,351,774.75, a decrease of 2.91% from CNY 2,410,535,538.54 at the end of the previous year[7]. - The company's total liabilities decreased to CNY 1,241,948,552.80 from CNY 1,285,943,026.19, indicating a decline of approximately 3.4%[40]. - Total current liabilities decreased to CNY 535,489,795.49 from CNY 570,182,624.51, a reduction of about 6.1%[40]. - The total amount of deferred tax liabilities was CNY 25,633,714.72[66]. - The company has a provision for liabilities amounting to CNY 677,286,600.00[66]. - The total amount of guarantees provided by the company is 2,157.4042 million yuan, with an interest balance of 2,085.7848 million yuan as of the end of the reporting period[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,957[11]. - The largest shareholder, Beijing Yuchirui Investment Co., Ltd., held 15.02% of shares, with 158,550,396 shares frozen[11]. - The company has initiated the repurchase and cancellation of 32,969,408 shares due to Shanghai Yingyue's failure to meet performance commitments[18]. Operational Metrics - Accounts receivable increased by 67.38% to 3,078,146.34 CNY, primarily due to the receipt of bills during the reporting period[15]. - Prepayments increased by 31.96% to 51,557,107.52 CNY, mainly due to advance payments to customers[15]. - The company reported a significant increase in the guarantee balances across various related parties, indicating a potential risk in financial leverage[31]. - The company reported a total inventory of CNY 89,020,861.83, an increase from CNY 82,051,242.48, reflecting an increase of approximately 8.5%[38]. Financial Standards and Compliance - The company implemented a new revenue recognition standard starting January 1, 2020, which does not significantly change the revenue recognition method[67]. - The company did not make significant adjustments to prior financial statements due to the new revenue recognition standards[64]. - The company has committed to avoiding illegal occupation of funds and assets, ensuring compliance with relevant regulations and internal controls[24]. - The company will actively urge the actual controller to resolve the impact of fund occupation and illegal guarantees on the company[24].