宗申动力(001696) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,336,620,930.25, representing a 5.01% increase compared to ¥1,272,794,743.59 in the same period last year[9]. - Net profit attributable to shareholders was ¥98,938,452.88, a 35.45% increase from ¥73,043,306.30 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥83,085,344.50, up 40.51% from ¥59,130,623.29 in the previous year[9]. - Basic and diluted earnings per share increased to ¥0.0864, up 35.42% from ¥0.0638 in the previous year[9]. - The company reported a gross profit of CNY 123,171,095.30, compared to CNY 84,427,111.95 in the previous year, reflecting a significant improvement[76]. - The net profit for the quarter reached CNY 108,788,876.82, representing a 34.2% increase from CNY 81,083,595.75 in the same period last year[77]. - The total comprehensive income attributable to the parent company was ¥98,949,319.04, compared to ¥72,294,941.84 in the previous period, marking a rise of 36.8%[80]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥63,123,873.43, a significant decrease of 134.16% compared to a net inflow of ¥184,763,494.95 in the same period last year[9]. - The net cash flow from operating activities decreased by 134.16% to -RMB 6,312.39 million, mainly due to increased loan business from financial subsidiaries[26]. - The net cash flow from investing activities fell by 183.61% to -RMB 23,021.29 million, primarily due to increased investments in bank wealth management products[26]. - The net cash flow from financing activities increased by 360.73% to RMB 41,347.72 million, mainly due to increased bank loans[26]. - The company's cash and cash equivalents increased by 322.92% to RMB 12,457.94 million, driven by the increase in cash flow from financing activities[28]. - The total cash inflow from investment activities reached 919,482,130.53 RMB, while cash outflow was 1,093,412,064.84 RMB, resulting in a net cash flow of -173,929,934.31 RMB[102]. - Cash inflow from financing activities amounted to 120,000,000.00 RMB, with cash outflow totaling 29,862,209.72 RMB, leading to a net cash flow of 90,137,790.28 RMB[102]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,965,402,858.78, reflecting a 6.61% increase from ¥8,409,354,023.08 at the end of the previous year[9]. - The total assets increased to CNY 5,503,411,038.29, compared to CNY 5,376,092,262.61, marking a growth of 2.4%[71]. - Total liabilities increased to approximately CNY 4.12 billion, up from CNY 3.68 billion, marking a growth of 11.7%[61]. - Total liabilities rose to CNY 2,016,910,573.27, up from CNY 1,895,949,614.48, indicating an increase of 6.3%[71]. - The company's total assets as of March 31, 2020, were approximately CNY 8.97 billion, compared to CNY 8.41 billion at the end of 2019, indicating a growth of 6.7%[64]. - Total liabilities reached RMB 3,683,691,705.67, with current liabilities at RMB 2,734,796,327.85, and non-current liabilities at RMB 948,895,377.82[109]. Investments and Returns - The company reported a non-operating income of ¥22,987,757.23 from the disposal of non-current assets during the reporting period[9]. - The company recorded an investment income of ¥2,962.36, a significant increase of 460.15% compared to ¥528.85 in the same period last year, mainly due to the disposal of a subsidiary[23]. - The total expected return for the bank's wealth management products during the reporting period is 72,466.82 million RMB, with a total actual return of 300.2 million RMB[41]. - The structured deposit product from China Merchants Bank raised RMB 8,800 million, with a return rate of 3.40%, resulting in an actual return of RMB 58 million[37]. - The structured deposit from Industrial Bank raised RMB 2,200 million, yielding a return rate of 3.32% and an actual return of RMB 15.48 million[37]. - The company has a total of RMB 25,530 million in entrusted wealth management, with RMB 19,030 million from self-owned funds remaining unexpired[34]. Shareholder Equity - The net assets attributable to shareholders were ¥4,362,306,612.42, a 2.34% increase from ¥4,262,651,393.38 at the end of the previous year[9]. - The company maintained a stable equity position with total equity reaching approximately CNY 4.85 billion, up from CNY 4.73 billion, reflecting a growth of 2.5%[64]. - Shareholders' equity totaled RMB 4,725,662,317.41, with total equity attributable to the parent company at RMB 4,262,651,393.38[109]. Research and Development - Research and development expenses for the quarter were CNY 36,380,813.78, slightly up from CNY 36,253,848.18, showing a marginal increase[74]. - Research and development expenses decreased to ¥3,405,020.62 from ¥4,141,129.68, a reduction of 17.8%[82]. Risk Management - The derivative investment loss for the reporting period amounts to -1,125.05 million RMB, indicating a significant market risk exposure[45]. - The company confirmed that there were no significant changes in accounting policies for derivative investments compared to the previous reporting period[45]. - The company has established appropriate internal control systems to manage risks associated with derivative investments[45]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[51].