巨轮智能(002031) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥325,024,390.37, a decrease of 1.08% compared to ¥328,563,995.77 in the same period last year[9]. - The net profit attributable to shareholders was ¥6,408,732.69, down 6.67% from ¥6,866,966.39 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was -¥1,473,160.98, a decline of 237.58% compared to ¥1,070,750.52 in the previous year[9]. - The basic earnings per share were ¥0.0029, down 6.45% from ¥0.0031 in the same period last year[9]. - The diluted earnings per share were also ¥0.0029, reflecting the same decrease of 6.45% compared to the previous year[9]. - Net profit for the current period was CNY 18,571,654.15, down 30.9% from CNY 26,907,638.45 in the previous period[63]. - The company recorded a total comprehensive income of CNY 15,524,950.45, down from CNY 16,272,695.64 in the previous period[66]. Cash Flow - The net cash flow from operating activities was ¥44,336,897.51, a significant drop of 75.62% from ¥181,866,473.37 in the same period last year[9]. - Cash inflow from operating activities totaled 339,114,115.03, down from 438,687,591.01 in the previous period[74]. - Cash outflow from operating activities was 294,777,217.52, compared to 256,821,117.64 in the previous period[74]. - The net cash flow from operating activities was -15,497,783.80 CNY, a significant decrease compared to 157,607,338.00 CNY in the previous period, indicating a decline in operational performance[81]. - The net cash flow from investing activities decreased by 409.51% compared to the previous period, primarily due to payments made by subsidiaries for commercial insurance business[23]. - The net cash flow from investing activities is -358,486,163.28, compared to a positive 115,824,459.93 in the previous period[74]. - The net cash flow from financing activities is 322,301,178.42, a significant improvement from -964,896,427.85 in the previous period[80]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,674,191,774.12, a decrease of 1.28% from ¥5,747,755,872.15 at the end of the previous year[9]. - The total liabilities increased from CNY 2,136,302,736.82 to CNY 2,182,677,992.22, marking a growth of approximately 2.17%[47]. - The company's total current liabilities increased from CNY 1,854,983,498.96 to CNY 1,906,980,073.90, reflecting a growth of approximately 2.8%[47]. - The balance of long-term payables at the end of the period increased by 1552.12%, primarily due to a subsidiary's subscription to all subordinate asset-backed securities of "Jianghai Securities - China Railway 10th Bureau - Henghe Credit Supply Chain Financial Phase 1"[23]. - The company's total liabilities amounted to 2,136,302,736.82 CNY, reflecting the financial obligations that need to be managed[91]. Shareholder Equity - The net assets attributable to shareholders were ¥3,074,060,488.14, showing a slight increase of 0.11% from ¥3,070,692,791.61 at the end of the previous year[9]. - The total equity attributable to shareholders increased slightly from CNY 3,070,692,791.61 to CNY 3,074,060,488.14, a growth of approximately 0.11%[50]. - The total equity of the company rose slightly to CNY 2,976,379,374.68 from CNY 2,968,091,073.87, an increase of 0.3%[57]. Operational Costs - Total operating costs increased to CNY 304,914,856.26, up from CNY 304,124,791.10, with operating costs specifically rising from CNY 219,889,687.43 to CNY 243,506,730.78, reflecting an increase of 10.7%[60]. - The company reported a decrease in research and development expenses from CNY 14,649,867.17 to CNY 13,030,259.48, a reduction of 11.0%[60]. - The cash paid for purchasing goods and services was 109,496,871.03 CNY, a significant rise from 33,834,186.41 CNY, indicating increased operational costs[81]. Investment Activities - The company received 99,000,000.00 CNY from investment recoveries, a substantial increase from 6,277,840.00 CNY in the previous period, highlighting successful investment strategies[81]. - The company reported a total of 348,139,045.06 CNY in cash outflows from investment activities, a sharp increase from 5,123,714.03 CNY, suggesting aggressive investment spending[84]. - Cash inflow from investment activities totaled 234,694,188.90 CNY, an increase from 187,105,259.42 CNY in the prior period, reflecting improved investment recovery[84]. Changes in Financial Position - The company's cash and cash equivalents decreased from CNY 225,989,081.23 to CNY 141,070,860.46, a decline of about 37.5%[51]. - The balance of trading financial assets at the end of the period decreased by 92.75%, attributed to a reduction in bank wealth management products held at the end of the period[23]. - The company's inventory increased marginally from CNY 551,666,317.98 to CNY 556,359,379.75, reflecting a growth of about 0.5%[51]. - The company's accounts receivable increased from CNY 284,302,728.94 to CNY 321,899,820.82, indicating a growth of about 13.3%[51]. Regulatory Changes - The company has implemented new revenue recognition standards starting from 2020, resulting in a reclassification of certain liabilities without affecting total assets or equity[96]. - The company has recognized contract liabilities of approximately 152 million due to the new revenue recognition standards[94].