景兴纸业(002067) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥863,934,840.71, a decrease of 33.54% compared to ¥1,299,849,002.48 in the same period last year[8] - Net profit attributable to shareholders was ¥43,376,001.33, down 41.80% from ¥74,529,993.50 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥23,837,025.99, a decline of 67.91% compared to ¥74,287,368.46 in the previous year[8] - Operating revenue and operating costs decreased by 33.54% and 36.06% respectively compared to the beginning of the period, mainly due to a decline in product sales caused by the pandemic[17] - The company reported a decrease in operating profit, total profit, net profit, and net profit attributable to shareholders by 44.27%, 45.65%, 43.33%, and 41.80% respectively compared to the previous year[17] - Net profit for Q1 2020 was CNY 44,393,123.57, compared to CNY 78,332,982.46 in the same period last year, representing a decline of approximately 43.4%[47] - The company reported a total comprehensive income of CNY 37,693,884.63 for Q1 2020, compared to CNY 78,223,580.61 in the same period last year[48] - The company reported a total comprehensive income of CNY 26,158,860.48 for the quarter, which is a 35.5% decline from CNY 40,545,208.88 in the same quarter last year[52] Cash Flow - The net cash flow from operating activities was negative at -¥62,195,655.32, a decrease of 115.34% from ¥405,343,960.98 in the same period last year[8] - Net cash flow from operating activities decreased by 39.85% year-on-year, primarily due to a decline in sales revenue caused by the pandemic[18] - Cash flow from operating activities showed a net outflow of CNY 62,195,655.32, compared to a net inflow of CNY 405,343,960.98 in the previous year, indicating a significant decrease in cash generation[55] - Total cash inflow from operating activities was CNY 987,490,851.47, down from CNY 1,641,754,623.01 in the prior year[54] - The total cash and cash equivalents at the end of the period amounted to ¥370,808,237.97, down from ¥464,459,946.34 year-over-year[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,772,938,150.48, an increase of 1.99% from ¥5,660,155,867.37 at the end of the previous year[8] - Total current assets increased to CNY 2,489,498,708.38 from CNY 2,345,577,646.52 as of December 31, 2019, representing a growth of approximately 6.1%[37] - Total liabilities increased to CNY 1,211,808,094.43 from CNY 1,132,346,537.06, reflecting an increase of approximately 7%[39] - The company's total assets reached CNY 5,772,938,150.48, up from CNY 5,660,155,867.37, representing a growth of about 2%[40] - The net profit attributable to shareholders increased to CNY 1,489,736,677.41 from CNY 1,446,360,676.08, showing a growth of approximately 3%[40] - The total equity attributable to shareholders increased to CNY 4,400,531,672.55 from CNY 4,368,228,069.05, reflecting a growth of approximately 0.7%[40] Expenses - Management expenses increased by 67.45% year-on-year, mainly due to pandemic-related shutdowns and adjustments in depreciation allocation[17] - Financial expenses decreased by 71.93% year-on-year, mainly due to a reduction in accrued bond interest[17] - Research and development expenses for Q1 2020 were CNY 49,153,971.96, compared to CNY 40,678,332.16 in the previous year, indicating an increase of approximately 20.5%[46] - The company paid CNY 102,617,943.01 in taxes during the quarter, down from CNY 156,362,157.47 in the previous year[55] Investments - The company plans to raise 1.28 billion RMB through the issuance of convertible bonds for the construction of an 800,000-ton waste paper pulp board project in Malaysia[20] - The company completed the transfer of 2.3437% equity in Shanghai Zhida Technology Development Co., Ltd. for 13,593,745 RMB[21] - The company increased its investment in Zhejiang Mingshengda Medical Materials Technology Co., Ltd. by 10 million RMB, holding 20% of the equity post-investment[22] - Cash outflow from investing activities was CNY 218,087,775.16, compared to CNY 186,637,096.65 in the same period last year, indicating increased investment expenditures[55] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 85,185[12] - Earnings per share for Q1 2020 were CNY 0.04, down from CNY 0.07 in the previous year[48] Company Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39] Miscellaneous - The chairman of the company is Zhu Zailong, who presented the report on April 25, 2020[62] - The company did not apply new revenue and leasing standards for the first quarter of 2020[60] - The first quarter report was not audited[61]