国脉科技(002093) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥78,904,257.30, a decrease of 40.19% compared to ¥131,913,939.83 in the same period last year[10]. - The net profit attributable to shareholders was ¥14,008,853.90, down 60.86% from ¥35,787,789.39 year-on-year[10]. - The net profit after deducting non-recurring gains and losses was ¥4,596,803.34, representing an 82.23% decline from ¥25,873,749.70 in the previous year[10]. - Basic earnings per share decreased by 60.85% to ¥0.0139 from ¥0.0355 year-on-year[10]. - The company reported a 59.70% decrease in other income to 1.07 million, mainly due to reduced government subsidies received[26]. - The company experienced a 60.18% reduction in income tax expenses to 2.56 million, resulting from a decrease in total profit[26]. - The company reported a decrease in sales expenses to 459,262.97, down 41.0% from 777,755.63 in the previous period[78]. - Total operating revenue for the current period is ¥78,904,257.30, a decrease of 40.1% compared to ¥131,913,939.83 in the previous period[67]. - Net profit for the current period is ¥13,568,128.49, a decline of 60.9% from ¥34,664,640.65 in the previous period[74]. - Total comprehensive income for the current period is 16,249,268.81, down 57.5% from 38,214,067.47 in the previous period[81]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥179,407,045.53, a significant drop of 4,895.59% compared to -¥3,591,305.64 in the same period last year[10]. - The company's cash and cash equivalents decreased by 71.46% to 88.77 million from 311.06 million at the end of the previous year, primarily due to investments in financial products and payments for procurement[23]. - Cash flow from operating activities resulted in a net outflow of -179,407,045.53, compared to a smaller outflow of -3,591,305.64 in the previous period[82]. - Cash and cash equivalents at the end of the period decreased to 87,969,533.82 from 420,952,759.00 in the previous period, indicating a significant reduction in liquidity[88]. - The company reported a total cash inflow from operating activities of 70,169,968.73 CNY, down 58.4% from 168,655,781.67 CNY in the prior period[89]. - Cash outflow from operating activities totaled 170,391,335.56 CNY, slightly decreased from 177,271,344.92 CNY in the previous period[89]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,193,440,475.42, down 4.12% from ¥4,373,640,033.33 at the end of the previous year[10]. - The company's current assets totaled CNY 2,538,025,578.53 as of March 31, 2020, down from CNY 2,711,239,980.93 at the end of 2019, representing a decrease of about 6.4%[49]. - Total liabilities decreased from CNY 1,057,063,527.26 to CNY 863,070,277.76, a reduction of about 18.4%[55]. - The company's equity attributable to shareholders increased from CNY 3,327,669,459.72 to CNY 3,341,903,876.72, reflecting a growth of approximately 0.4%[58]. - Total liabilities amounted to ¥1,057,063,527.26, with non-current liabilities at ¥442,341,128.22[102]. - Total equity attributable to shareholders reached ¥3,327,669,459.72, while total equity was ¥3,316,576,506.07[102]. Investments and Financial Management - The company actively participates in the 5G investment and construction by operators to enhance the scale of its 5G business[21]. - The total amount of entrusted financial management reached 106,000,000 RMB, with an outstanding balance of 101,500,000 RMB[32]. - The company has invested 50,000,000 RMB from idle raised funds and 56,000,000 RMB from idle self-owned funds in bank wealth management products[32]. - The company has confirmed that all entrusted financial management products are structured deposits with guaranteed principal[39]. - The company has not engaged in derivative investments during the reporting period[40]. - The company reported investment income of ¥8,794,907.89, compared to ¥7,936,525.00 in the previous period, an increase of 10.8%[70]. Operational Efficiency - The company's operating costs decreased by 42.15% to 31.99 million, attributed to the decline in operating revenue[26]. - The company's contract liabilities increased to 113.60 million, reflecting a reclassification of advance receipts due to changes in accounting policies[23]. - Research and development expenses for the current period are ¥5,966,257.75, down from ¥8,393,903.88, a decrease of 29.0%[70]. - The company’s long-term investments increased slightly from CNY 287,968,182.55 to CNY 291,646,990.00, an increase of approximately 1.3%[52]. - The company has not yet audited its first-quarter report for 2020, indicating a potential area for future review[113].