*ST新纺(002087) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,059,049,881.19, a decrease of 28.41% compared to ¥1,479,354,700.87 in the same period last year[8] - Net profit attributable to shareholders was ¥63,299,084.89, down 18.39% from ¥77,558,712.43 year-on-year[8] - Basic earnings per share decreased to ¥0.0775, down 18.42% from ¥0.0950 in the same period last year[8] - The company reported a decrease in operating profit and net profit by 30.23% and 17.65% respectively, primarily due to delayed resumption of work caused by the pandemic[15] - Net profit for Q1 2020 was CNY 62,974,313.23, compared to CNY 76,475,321.81 in the same period last year, reflecting a decline of approximately 17.6%[39] - The total comprehensive income attributable to the parent company was ¥63,205,656.61, down 15.3% from ¥74,677,001.38 in the previous year[43] Cash Flow - The net cash flow from operating activities was ¥63,388,629.05, a significant decline of 89.72% compared to ¥616,751,112.68 in the previous year[8] - Cash flow from operating activities generated a net amount of ¥63,388,629.05, a significant decrease from ¥616,751,112.68 in the same quarter last year[47] - The net cash flow from operating activities was -75,917,858.54 yuan, a significant decrease from 489,732,995.82 yuan in the previous period[50] - Cash inflow from operating activities totaled 891,936,229.94 yuan, down from 1,336,265,556.43 yuan year-on-year[50] - Cash outflow from operating activities increased to 967,854,088.48 yuan, compared to 846,532,560.61 yuan in the previous period[50] - The company reported a cash outflow from financing activities of ¥269,220,284.59, an improvement compared to a cash outflow of ¥1,049,994,678.16 in the same period last year[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,168,990,607.53, a decrease of 4.04% from ¥9,554,993,115.46 at the end of the previous year[8] - Current liabilities decreased to CNY 4,445,957,373.00 from CNY 4,892,381,023.65, indicating a decline of approximately 9.1%[31] - The total liabilities decreased to CNY 4,893,683,445.81 from CNY 5,342,130,840.05, reflecting a decline of approximately 8.36%[31] - The company's equity remained stable at CNY 4,275,307,161.72 as of March 31, 2020[31] - Total assets as of March 31, 2020, were CNY 7,907,782,098.47, a slight decrease from CNY 8,010,082,185.38 at the end of 2019[35] - Total liabilities as of March 31, 2020, were CNY 4,386,087,244.64, down from CNY 4,493,807,493.71 at the end of 2019[35] Investments and Expenses - The net cash flow from investment activities was -¥25,085,900, compared to -¥12,085,000 in the same period last year, indicating increased cash outflow for fixed asset construction[15] - The company reported a decrease in research and development expenses to CNY 24,540,254.36 from CNY 38,152,014.85 in the previous period[38] - Research and development expenses were ¥24,540,254.36, down 35.6% from ¥38,152,014.85 in Q1 2019[42] Structural Changes and Compliance - The company is undergoing structural adjustments for its subsidiaries in Xinjiang, with changes approved by the board of directors[16] - The company has no reported instances of non-compliance with external guarantees during the reporting period[23] - There were no significant changes in the company's investment strategies or new product developments reported during the quarter[24] Cash and Equivalents - Cash and cash equivalents decreased by 38.15% compared to the beginning of the year, mainly due to significant loan repayments[15] - The company's cash and cash equivalents decreased to CNY 484,793,792.19 from CNY 783,822,037.90, representing a decline of about 38.2%[29] - The cash and cash equivalents at the end of the period were ¥121,192,450.49, a decrease from ¥179,538,587.74 at the end of Q1 2019[48] - The ending balance of cash and cash equivalents was 60,452,816.25 yuan, down from 97,367,157.67 yuan in the previous period[51] Audit and Standards - The company did not undergo an audit for the first quarter report[53] - The company has not applied new revenue and leasing standards for the first quarter of 2020[52]