众泰汽车(000980) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥209,803,738.06, a decrease of 94.71% compared to ¥3,969,077,631.66 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2020 was -¥417,444,128.27, representing a decline of 494.10% from ¥105,922,334.70 in the previous year[8]. - The net cash flow from operating activities was -¥962,081,041.79, slightly worse than -¥927,901,809.42 in the same period last year[8]. - Basic and diluted earnings per share for Q1 2020 were both -¥0.21, a decrease of 520.00% from ¥0.05 in the previous year[8]. - Operating profit was -418,467,361.34, a decrease of 406.67% from 136,454,963.59 in the previous period[19]. - The total profit (loss) for the current period is -CNY 418,242,401.89, compared to a profit of CNY 140,906,712.04 in the previous period[60]. - The company's total comprehensive income for the current period was -418,242,401.89 CNY, compared to 106,113,431.16 CNY in the previous period, indicating a significant decline[64]. Assets and Liabilities - Total assets at the end of the reporting period were ¥20,213,598,935.05, down 3.64% from ¥20,977,720,437.68 at the end of the previous year[8]. - The total liabilities of the company were CNY 12,341,634,531.01 as of March 31, 2020, compared to CNY 12,687,513,631.75 at the end of 2019, showing a decrease of about 2.73%[44]. - The company's net loss increased to CNY -7,562,626,597.27 as of March 31, 2020, compared to CNY -7,145,182,469.00 at the end of 2019, indicating a worsening of approximately 5.83%[47]. - The total equity attributable to shareholders decreased from CNY 8,281,049,824.48 to CNY 7,863,605,696.21, a decline of about 5.04%[47]. Cash Flow - Cash and cash equivalents at the end of the period were 177,186,209.15, down 85.13% from 1,191,211,378.81[21]. - The net cash flow from operating activities was -$1,257,685,718.23, worsening from -$695,397,374.18 in the previous period, representing an increase in cash outflow of 80.9%[79]. - The total cash outflow from operating activities was 1,417,500,719.90 CNY, compared to 3,182,097,241.26 CNY in the previous period[75]. - The net increase in cash and cash equivalents was -$1,014,025,169.66, compared to -$1,329,843,942.36 in the previous period, indicating a 23.8% improvement[78]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,380[11]. - The largest shareholder, Tieniu Group Co., Ltd., held 38.78% of the shares, amounting to 786,250,375 shares[11]. Operational Challenges - The company is working to restore normal production levels and improve operational conditions following disruptions caused by the COVID-19 pandemic[25]. - Research and development expenses decreased by 59.25% to 46,603,638.75 from 114,361,721.86 due to reduced funding availability[19]. - The company anticipates a net profit loss of between -100,000 and -70,000 for the upcoming reporting period, a significant decline compared to -29,041.17 from the previous year[25]. Other Financial Metrics - The weighted average return on net assets was -5.17%, a decline of 5.77% compared to 0.60% in the previous year[8]. - The company reported government subsidies of ¥2,180,955.51 during the reporting period[8]. - The company reported a significant increase in employee compensation liabilities, rising from CNY 223,754,398.59 to CNY 315,400,426.88, an increase of approximately 41%[44].