宁波东力(002164) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥177,460,126.94, a decrease of 17.09% compared to ¥214,039,543.67 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥5,665,358.29, representing a decline of 110.57% from a profit of ¥53,623,730.35 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥7,783,046.88, down 141.26% from ¥18,863,910.84 in the same period last year[8] - The basic and diluted earnings per share were both -¥0.01, a decrease of 112.50% from ¥0.08 in the same period last year[8] - The total operating costs for Q1 2020 were CNY 187.15 million, a decrease of 2.94% compared to CNY 192.56 million in the same period last year[38] - The operating profit for Q1 2020 was a loss of CNY 3.22 million, compared to a profit of CNY 68.37 million in Q1 2019[38] - The net profit for Q1 2020 was a loss of CNY 5.58 million, while the net profit for Q1 2019 was CNY 53.67 million, indicating a significant decline[39] - The total profit for Q1 2020 was a loss of CNY 4.23 million, compared to a profit of CNY 68.37 million in Q1 2019[39] - The total comprehensive income for Q1 2020 was a loss of CNY 5.58 million, compared to a comprehensive income of CNY 53.67 million in Q1 2019[39] Cash Flow - The net cash flow from operating activities was negative at ¥7,321,470.41, a decrease of 147.04% compared to ¥15,565,844.39 in the previous year[8] - The cash flow from operating activities in Q1 2020 was CNY 149.05 million, down from CNY 219.81 million in Q1 2019[45] - The cash inflow from operating activities totaled 151,754,142.63 CNY, down from 221,681,951.83 CNY in the previous period, representing a decrease of about 31.6%[46] - The total cash outflow for operating activities was 159,075,613.04 CNY, compared to 206,116,107.44 CNY in the previous period, showing a reduction of approximately 22.8%[46] - Total cash inflow from financing activities was 187,500,000.00 CNY, while cash outflow was 194,011,712.77 CNY, resulting in a net cash flow of -6,511,712.77 CNY[47] - The cash and cash equivalents at the end of the period decreased to 77,973,589.98 CNY from 108,596,495.07 CNY in the previous period, reflecting a decline of approximately 28.3%[47] - The company reported a total cash inflow from investment activities of 128,863.01 CNY, while cash outflow was 1,225,672.00 CNY, leading to a net cash flow of -1,096,808.99 CNY[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,706,369,922.01, a decrease of 1.02% from ¥1,723,934,484.44 at the end of the previous year[8] - The total liabilities decreased to CNY 1,112,264,686.45 from CNY 1,124,250,917.21, a reduction of about 1.1%[31] - Current liabilities totaled CNY 668,286,209.45, down from CNY 679,283,688.23, indicating a decrease of 1.5%[31] - The total equity attributable to shareholders decreased to CNY 592,498,216.06 from CNY 598,163,574.35, a decline of 1.1%[32] - The company’s fixed assets decreased to CNY 514,976,288.34 from CNY 528,634,659.04, reflecting a decrease of approximately 2.6%[30] Shareholder Information - The total number of common shareholders at the end of the reporting period was 38,057, with the top ten shareholders holding significant stakes, including Dongli Holding Group Co., Ltd. at 19.80%[12] - The net assets attributable to shareholders at the end of the reporting period were ¥592,498,216.06, down 0.95% from ¥598,163,574.35 at the end of the previous year[8] Expenses - Sales expenses increased by 35.58% to 1,386.95 million from 1,023.01 million due to higher market development costs incurred by subsidiary Dongli Transmission[17] - Management expenses surged by 109.88% to 2,978.76 million from 1,419.27 million primarily due to increased litigation costs[17] - Research and development expenses for Q1 2020 were CNY 7.65 million, slightly down from CNY 8.71 million in Q1 2019[38] Legal Matters - The company is involved in ongoing legal proceedings related to contract fraud, with significant implications for financial recovery efforts[18] Non-Recurring Gains - The company reported non-recurring gains of ¥2,117,688.59 during the reporting period, primarily from government subsidies and debt restructuring gains[9] Credit Impairment - Credit impairment losses skyrocketed by 4972.10% to 255.94 million from 5.05 million due to the recovery of accounts receivable by the parent company[17] - The company experienced a significant increase in credit impairment losses, which rose to CNY 2.56 million in Q1 2020 from CNY 0.05 million in Q1 2019[38]