szclou(SZ:002121)2020-04-28 16:00Financial Performance - The company's operating revenue for the first quarter of 2020 was CNY 868,651,215.85, representing a 9.77% increase compared to CNY 791,335,602.65 in the same period last year[9]. - The net profit attributable to shareholders of the listed company was CNY 13,692,026.20, a significant turnaround from a loss of CNY 110,425,676.48 in the previous year, marking a 112.40% improvement[9]. - Basic and diluted earnings per share were both CNY 0.0097, compared to a loss of CNY 0.0784 in the same period last year, reflecting a 112.37% increase[9]. - The company achieved a gross profit margin of approximately 28.8% in Q1 2020, compared to 29.0% in Q1 2019, indicating stable profitability despite increased costs[21]. - Operating profit improved significantly to ¥17,668,643.12, compared to a loss of ¥105,375,485.87 in the same period last year[74]. - Net profit for the period was ¥16,956,212.09, recovering from a loss of ¥110,194,492.19 in the previous year[74]. - The company reported a net profit of ¥15,790,793.54 for the current period, compared to a net loss of ¥111,275,688.23 in the previous period[76]. - Total comprehensive income for the current period was ¥17,320,040.05, while the previous period showed a total comprehensive loss of ¥111,193,686.98[76]. Cash Flow - The net cash flow from operating activities decreased by 34.24% to CNY 42,472,763.21 from CNY 64,590,236.14 in the previous year[9]. - The cash flow from financing activities showed a net inflow of RMB 115,663,339.80, an increase of 88.70% year-on-year, primarily due to reduced financing scale in the previous year[24]. - Cash flow from operating activities was ¥773,351,483.54, down from ¥1,200,543,509.55 in the previous period, indicating a decrease of approximately 35.5%[84]. - The net cash flow from financing activities was -115,663,339.80, compared to -1,023,235,439.84 in the previous period, indicating improved cash management[90]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,851,406,771.89, down 2.60% from CNY 10,114,225,431.99 at the end of the previous year[9]. - The total liabilities decreased by RMB 272,176,453.23, a reduction of 41.85%, mainly due to the maturity of a corporate bond issued in 2017[20]. - The company's total assets amounted to ¥11,709,239,725.14, a slight decrease from ¥11,829,660,629.72[69]. - Total liabilities decreased to ¥9,171,941,327.18 from ¥9,327,331,243.32, reflecting a reduction of approximately 1.7%[69]. - The company's equity increased to CNY 2,246,275,337.38 from CNY 2,074,838,914.68, representing a growth of about 8.27%[59]. - The company has accounts receivable totaling CNY 2.35 billion, which is critical for cash flow management[105]. - The company reported a goodwill of CNY 96.77 million, indicating potential future benefits from acquisitions[98]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,799, with the top ten shareholders holding 24.26% each[14]. - The company reported no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[48]. Government Support and Subsidies - The company received government subsidies amounting to CNY 16,900,480.10 during the reporting period[13]. Research and Development - The company’s R&D expenses decreased by RMB 10,020,117.29, a reduction of 17.31%, attributed to cost-cutting measures and the impact of the pandemic[21]. - Research and development expenses were ¥21,052,317.85, down from ¥25,609,286.72, reflecting a reduction of about 17.5% year-over-year[80]. Bids and Contracts - The company successfully won a bid for a project with Nepal Electricity Authority, valued at approximately RMB 80 million, although construction has been delayed due to the pandemic[25]. - The company won a bid for the National Grid's second round of electric meter and information collection equipment, with a total bid amount of approximately RMB 185.59 million[31]. - The company was awarded the first batch of battery cluster procurement for the energy storage project from Pinggao Group, with an estimated bid amount of approximately RMB 83.11 million[32]. - The company was selected as a candidate for the Guangdong Power Grid's marketing equipment framework tender, with a bid amount of approximately RMB 150.23 million[33]. - The company received a bid notification for the first round of electric meter procurement from the National Grid, with a total bid amount of approximately RMB 254.64 million[34]. - The company won a bid for the second round of distribution network material procurement from the National Grid Jiangsu Electric Power Company, with an estimated bid amount of approximately RMB 20.50 million[34]. - The company’s subsidiary Suzhou Kelu Dongzi Electric Co., Ltd. won a bid for automation equipment for 10kV circuit breakers, with a total bid amount of approximately RMB 186.78 million[35]. - The company was selected as a candidate for the second round of electric meter procurement from the National Grid, with an estimated bid amount of approximately RMB 127.39 million[36]. - The company was a candidate for the second batch of metering products procurement from China Southern Power Grid, with an estimated bid amount of approximately RMB 110.57 million[37]. Corporate Actions - The company announced the transfer of 100% equity of a subsidiary for CNY 1, which was completed before the financial report was issued, affecting the consolidation scope[9]. - The company plans to issue non-public corporate bonds not exceeding RMB 1 billion, with a term of up to 5 years[36]. - The company has initiated a non-public bond issuance plan not exceeding RMB 500 million, also with a term of up to 5 years[37].