金智科技(002090) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥295,912,275.08, a decrease of 26.67% compared to ¥403,557,284.26 in the same period last year[8]. - The net profit attributable to shareholders was ¥8,794,523.32, down 70.56% from ¥29,867,964.75 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥2,675,594.88, representing an 87.00% decline from ¥20,585,610.44 in the previous year[8]. - Basic earnings per share were ¥0.0218, down 70.50% from ¥0.0739 in the same period last year[8]. - Total profit decreased by 42.46% year-on-year, mainly due to a reduction in operating income and the lack of dividend distribution resolution from Zijin Trust[15]. - Net profit attributable to shareholders of the parent company decreased by 70.56% year-on-year, primarily due to a decrease in operating income and the lack of dividend distribution resolution from Zijin Trust[16]. - The company expects a net profit for the first half of 2020 to be positive but down by more than 50% year-on-year[24]. - The net profit attributable to shareholders for the first half of 2020 is expected to decline by 84.00% to 77.00%, with a range of 1,500 to 2,200 thousand yuan compared to 9,427.67 thousand yuan in the same period of 2019[25]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥20,024,685.56, a decrease of 133.31% compared to ¥60,112,001.58 in the same period last year[8]. - Cash and cash equivalents at the end of the period amounted to 316,613,322.57, down from 441,247,683.52, reflecting a decrease of about 28.3%[56]. - The cash flow from investment activities showed a net outflow of -694,049.29, compared to -24,080,880.32 in the previous period, marking an improvement of approximately 97%[59]. - The total cash inflow from operating activities was 160,884,893.03, down from 244,672,762.96, reflecting a decrease of about 34%[58]. - The total assets at the end of the reporting period were ¥3,521,100,188.05, a decrease of 4.64% from ¥3,692,359,967.46 at the end of the previous year[8]. - The total liabilities amounted to 2,339,359,682.85, remaining stable compared to the previous period[63]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,703[11]. - Jiangsu Jinzhi Group Co., Ltd. held 36.72% of the shares, with 148,450,460 shares pledged[11]. Inventory and Receivables - Accounts receivable financing decreased by 44.72% compared to the beginning of the year, mainly due to the endorsement of bank acceptance bills to suppliers[15]. - Inventory decreased by 57.36% compared to the beginning of the year, primarily due to the new revenue recognition standards where revenue from project performance exceeded the settled price, reclassified as contract assets[15]. - Accounts receivable as of March 31, 2020, amounted to 866,629,932.89 yuan, slightly down from 887,581,568.17 yuan at the end of 2019, indicating a decrease of about 2.0%[38]. - The company reported a decrease in inventory from 523,701,803.11 yuan at the end of 2019 to 223,321,776.89 yuan as of March 31, 2020, indicating a significant reduction of approximately 57.6%[38]. Research and Development - R&D expenses decreased by 41.56% year-on-year, mainly due to reduced R&D activities and a decrease in the scope of consolidation[15]. - Research and development expenses for Q1 2020 were ¥8,796,445.49, down 43.5% from ¥15,545,391.06 in the same period last year[50]. Future Outlook - The company plans to invest in the second phase of the Xinjiang Changji Mulei Laojun Temple Wind Farm project (250MW) with a total investment of approximately 202,237.01 million yuan[20]. - The company anticipates a decrease in revenue for the first half of 2020 due to the impact of the COVID-19 pandemic, which has delayed the resumption of work and normal operations[26]. - The company has no significant non-recurring gains or losses expected for the first half of 2020, contrasting with the previous year when substantial non-recurring gains were recorded[26]. - The company is focused on expanding its market presence and enhancing product development strategies[66]. - Future outlook includes potential adjustments in financial reporting due to new accounting standards[66].