山东威达(002026) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥322,269,185.04, a decrease of 13.71% compared to ¥373,454,461.31 in the same period last year[7] - Net profit attributable to shareholders was ¥30,479,312.82, representing an increase of 2.51% from ¥29,733,334.24 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥24,551,760.95, down 8.73% from ¥26,900,549.68 in the previous year[7] - The company reported a 53.57% increase in cash paid for investments to ¥430,000,000.00, due to heightened financial management activities[15] - The company's total liabilities amounted to ¥562,778,882.02, compared to ¥549,436,375.46 at the end of 2019, reflecting a rise of approximately 2.4%[35] - The company's equity increased to CNY 2,538,502,042.30 from CNY 2,519,925,716.24[40] - The company reported a comprehensive income total of CNY 30,361,830.42, compared to CNY 29,237,165.33 in the prior period[45] Cash Flow - The net cash flow from operating activities surged by 261.43% to ¥80,980,697.94, compared to ¥22,405,364.00 in the same period last year[7] - Cash received from investment activities rose by 135.03% to ¥470,050,230.30, reflecting increased financial management activities[15] - The total cash inflow from investment activities is CNY 476,126,542.52, compared to CNY 202,376,986.30 in the previous period, indicating a substantial increase[52] - The cash inflow from investment activities was significantly higher than the previous year's figure of ¥202,371,986.30[56] - The cash inflow from investment activities totaled ¥475,357,700.11, while cash outflow was ¥435,051,497.76, resulting in a net inflow[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,925,341,752.09, an increase of 1.52% from ¥2,881,435,660.06 at the end of the previous year[7] - The total assets as of March 31, 2020, amounted to CNY 2,759,741,705.84, compared to CNY 2,704,885,643.48 at the end of 2019[39] - Current assets increased to CNY 1,284,221,340.16 from CNY 1,235,699,635.33[39] - The company's inventory increased to ¥521,950,148.52 from ¥501,090,832.69, showing a growth of about 4.2%[33] - The company's accounts receivable decreased to ¥364,776,302.20 from ¥446,250,626.76, representing a decline of approximately 18.2%[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,459[11] - The largest shareholder, Shandong Weida Group Co., Ltd., held 34.00% of the shares, amounting to 142,832,426 shares[11] Non-Recurring Items - The company reported non-recurring gains and losses totaling ¥5,927,551.87 for the reporting period[8] - The company received a government subsidy of ¥6,240,000 for a project, with further funding expected upon project completion[17] - Other income grew by 229.71% to ¥2,709,840.72, mainly from government subsidies[15] Investment and Development - Investment income increased by 160.78% to ¥7,651,281.60, driven by changes in financial management returns and foreign exchange gains[15] - Research and development expenses remained stable at CNY 4,345,338.46, slightly up from CNY 4,332,225.54, indicating continued investment in innovation[47] Accounting and Compliance - The company has established an internal control management system for foreign exchange hedging to mitigate risks, prohibiting speculative trading[26] - The company did not undergo an audit for the first quarter report[58] - The report indicates that the new revenue and leasing standards were not applicable for the current year[57] - The company has no significant changes in accounting policies for derivatives compared to the previous reporting period[26]