中钢天源(002057) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥232,657,901.21, a decrease of 27.80% compared to ¥322,231,306.31 in the same period last year[7]. - Net profit attributable to shareholders was ¥13,405,460.62, down 70.18% from ¥44,961,213.99 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥9,934,703.12, a decline of 76.02% compared to ¥41,434,736.64 in the previous year[7]. - The basic earnings per share decreased by 70.20% to ¥0.0233 from ¥0.0782 in the same period last year[7]. - Operating profit decreased by 67.61% year-on-year, attributed to delays in resumption of work caused by the COVID-19 pandemic, resulting in delays in product orders and deliveries[15]. - Total profit, income tax expenses, and net profit decreased by 71.68%, 83.46%, and 70.20% respectively compared to the same period last year, mainly due to reduced profits from the impact of the COVID-19 pandemic[15]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,083,144,485.91, a decrease of 2.00% from ¥2,125,579,151.45 at the end of the previous year[7]. - Total liabilities decreased to CNY 345,131,818.29 from CNY 365,836,223.50, indicating improved financial stability[35]. - The total assets were reported at 2,125,579,151.45 yuan, indicating the overall size of the company's balance sheet[55]. - The total liabilities amounted to 692,071,392.54 yuan, reflecting the company's financial obligations[55]. Cash Flow - Cash flow from operating activities was negative at -¥102,261,562.58, compared to -¥78,333,966.75 in the same period last year[7]. - Cash received from tax refunds decreased by 68.26% year-on-year, primarily due to a decline in export business scale and a decrease in export tax rebates[15]. - The total cash outflow from operating activities is CNY 299,364,715.56, an increase from CNY 253,798,300.56 in the previous period[47]. - The net cash flow from operating activities was -52,485,618.62 yuan, an improvement from -57,785,661.91 yuan in the previous period, indicating a reduction in cash outflow[50]. - Cash received from sales of goods and services was 46,346,283.20 yuan, up from 31,859,983.00 yuan in the previous period, reflecting a growth in revenue generation[50]. Research and Development - R&D expenses decreased by 51.57% year-on-year due to the impact of COVID-19 on employee return to work[14]. - The company reported a significant reduction in research and development expenses to CNY 7,273,120.25 from CNY 15,018,610.77, which may impact future innovation[38]. - The company incurred research and development expenses of CNY 2,098,634.19, significantly lower than CNY 5,771,850.56 in the previous period[42]. Other Income and Expenses - Financial expenses increased by 348.01% year-on-year due to an increase in bank loans and interest expenses[14]. - Other income increased by 160.28% compared to the same period last year, mainly due to an increase in government subsidies received during the reporting period[15]. - Investment income increased by 205.61% year-on-year, primarily due to the turnaround of the associated company Guizhou Jinrui and the performance increase of Tongling Nanyuan[15]. Equity and Shareholder Value - The net assets attributable to shareholders increased by 0.98% to ¥1,446,308,749.98 from ¥1,432,294,281.29 at the end of the previous year[7]. - The equity attributable to shareholders increased to CNY 1,175,503,812.21 from CNY 1,174,347,867.26, reflecting stable shareholder value[35]. - The company's equity totaled 1,433,507,758.91 yuan, representing the net worth attributable to shareholders[55]. Audit and Standards - The first quarter report was not audited, indicating preliminary financial data[59]. - The company has not applied the new revenue and leasing standards for retrospective adjustments[58].