浔兴股份(002098) - 2020 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2020 was CNY 297,051,203.45, a decrease of 16.88% compared to CNY 357,378,403.42 in the same period last year[10] - Total operating revenue for the first quarter was CNY 297,051,203.45, a decrease from CNY 357,378,403.42 in the previous period[40] - The total operating revenue for the first quarter was CNY 130,752,711.79, a decrease from CNY 209,913,925.63 in the previous period[45] - Net profit attributable to shareholders was a loss of CNY 8,521,120.49, representing a decline of 36.98% from a loss of CNY 6,220,635.52 in the previous year[10] - The net profit for the first quarter was -CNY 8,680,300.26, which is a marginal improvement from -CNY 8,887,683.29 year-over-year[42] - The operating profit for the first quarter was -CNY 9,267,271.73, compared to -CNY 10,228,395.17 in the same period last year, indicating a slight improvement[42] - The company reported a net loss of CNY -263,926,899.53, an improvement from a loss of CNY -312,737,476.87 in the previous period[38] Cash Flow - Net cash flow from operating activities increased by 113.83% to CNY 66,250,099.36, up from CNY 30,982,451.11 in the same period last year[10] - Cash inflow from operating activities totaled CNY 457,078,834.92, up from CNY 451,748,891.68 in the previous period[49] - Cash outflow from operating activities decreased to CNY 390,828,735.56 from CNY 420,766,440.57, reflecting a reduction of approximately 7.9%[50] - The net cash flow from investing activities was -CNY 72,139,990.47, worsening from -CNY 39,698,086.16 in the previous period[51] - Cash inflow from investing activities decreased significantly to CNY 119,121,478.80 from CNY 238,856,602.55, a decline of about 50%[50] - Cash outflow from investing activities also decreased to CNY 191,261,469.27 from CNY 278,554,688.71, a reduction of approximately 31.3%[50] - The net cash flow from financing activities was -CNY 44,625,357.29, compared to a positive net flow of CNY 15,061,360.12 in the previous period[51] - Total cash and cash equivalents at the end of the period were CNY 216,696,041.06, down from CNY 250,183,222.46[51] - The company received CNY 167,000,000.00 in cash from borrowings, an increase from CNY 107,000,000.00 in the previous period[51] - The cash outflow for debt repayment increased to CNY 197,000,000.00 from CNY 77,300,000.00, indicating a significant rise in financial obligations[51] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,958,426,304.46, down 4.17% from CNY 2,043,682,156.62 at the end of the previous year[10] - Current assets decreased to CNY 502,233,980.08 from CNY 562,559,004.75, reflecting a decline of approximately 10.1%[35] - Total liabilities decreased to CNY 1,304,891,002.56 from CNY 1,363,011,358.65, indicating a reduction of about 4.3%[38] - The company's total assets amounted to CNY 1,793,274,243.38, slightly down from CNY 1,802,584,022.13[38] - The company’s equity attributable to shareholders decreased to CNY 609,835,229.52 from CNY 618,242,238.76[35] - Current liabilities totaled CNY 1,122,486,562.91, with short-term borrowings at CNY 474,000,000.00[58] - The total liabilities reached CNY 1,324,462,679.49, with long-term borrowings at CNY 65,800,000.00[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,727[14] - The largest shareholder, Tianjin Huizefeng Enterprise Management Co., Ltd., held 25.00% of the shares, amounting to 89,500,000 shares, which are pledged[14] Operational Performance - The company reported non-operating income of CNY 1,071,121.18 from government subsidies during the reporting period[11] - The company incurred operating expenses of ¥72.28, a significant increase of 555.46% due to donations related to the COVID-19 pandemic[18] - The total operating costs decreased to CNY 307,548,513.73 from CNY 369,451,306.53 year-over-year, reflecting a cost control effort[41] - Research and development expenses amounted to CNY 10,324,489.71, slightly down from CNY 10,522,282.93 in the previous period[41] Financial Management - The company had a weighted average return on equity of -1.39%, a decline from -1.11% in the previous year[10] - The company incurred a financial expense of CNY 13,916,903.90, down from CNY 18,453,124.86 in the previous year, showing improved financial management[41] - The company reported a tax expense of -CNY 724,546.98, which is an improvement from -CNY 1,180,095.17 in the previous year[42] Other Information - The company is currently undergoing arbitration due to serious violations of the equity transfer agreement by the performance commitment entity[19] - The actual controller of the company was arrested for insider trading, which has impacted the company's reputation and financing operations[20] - The company has not undergone an audit for the first quarter report[63] - The company executed a reclassification of pre-received customer payments to contract liabilities under the new revenue standards effective January 1, 2020[62]