康强电子(002119) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥276,167,362.69, representing a decrease of 12.85% compared to ¥316,893,108.76 in the same period last year[7]. - The net profit attributable to shareholders was ¥11,354,864.40, down 56.59% from ¥26,160,028.11 year-on-year[7]. - Basic earnings per share decreased to ¥0.03, down 57.14% from ¥0.09 in the same period last year[7]. - The net profit attributable to shareholders decreased by 14.81 million yuan, a decline of 56.59% compared to the same period last year, primarily due to the absence of gains from the transfer of subsidiary equity[15]. - The company reported a profit before tax of CNY 13,725,072.56, compared to CNY 28,916,786.70 in the same period last year[39]. - The total comprehensive income for Q1 2020 was CNY 11,354,864.40, significantly lower than CNY 26,160,028.11 from the prior year[40]. Cash Flow - The net cash flow from operating activities improved significantly to ¥11,283,451.81, a 335.65% increase from a negative cash flow of ¥4,788,166.25 in the previous year[7]. - The company's cash flow from operating activities was CNY 238,118,754.36, down from CNY 292,296,250.62 in the previous period[46]. - The cash flow from sales of goods and services received was ¥168,328,469.62 in Q1 2020, an increase from ¥129,997,390.40 in Q1 2019, representing a growth of approximately 29.3%[50]. - The company reported a total operating cash outflow of ¥226,835,302.55 in Q1 2020, down from ¥297,084,416.87 in Q1 2019, indicating improved cash management[47]. - The company's cash flow from financing activities netted ¥16,033,490.13 in Q1 2020, a decrease of approximately 60.1% from ¥41,059,239.71 in Q1 2019[48]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,803,582,208.97, a slight decrease of 0.43% from ¥1,811,443,649.36 at the end of the previous year[7]. - The company's current assets totaled CNY 979,156,685.20, down from CNY 989,190,832.50 at the end of 2019, indicating a decrease of approximately 1.05%[29]. - Total liabilities amounted to CNY 918,791,419.43, with current liabilities at CNY 793,245,053.74 and non-current liabilities at CNY 125,546,365.69[55]. - The company's total liabilities increased to CNY 1,020,056,685.20 from CNY 1,020,056,685.20, indicating a stable liability position[30]. - The total owner's equity decreased from CNY 750,486,945.55 to CNY 892,652,229.93 due to adjustments in retained earnings and capital reserves[58]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,786[11]. - The largest shareholder, Ningbo Pulisais Electronic Co., Ltd., held 19.72% of the shares, amounting to 74,009,208 shares, which are currently frozen[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. Investment and Expenses - Investment income decreased by 15.79 million yuan, a decrease of 98.63%, primarily due to gains from the transfer of equity in a subsidiary in the previous year[15]. - Research and development expenses were CNY 15,261,172.92, slightly down from CNY 16,176,968.37 in the previous period[38]. - The company experienced a decrease in sales expenses, which were CNY 711,276.89 compared to CNY 1,241,039.01 in the previous year[42]. - The company reported a significant increase in credit impairment losses, amounting to CNY 507,363.28, compared to CNY 731,207.54 in the previous year[43]. Regulatory and Compliance - The company has established a comprehensive risk management system for its hedging operations, ensuring compliance with relevant laws and regulations[26]. - There were no violations regarding external guarantees during the reporting period[22]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[23]. - The company has not undergone an audit for the first quarter report, indicating that the figures are unaudited[60]. - The implementation of the new revenue recognition standard began on January 1, 2020, affecting the classification of certain financial items[59].