东方锆业(002167) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥157,859,672.24, representing a 53.52% increase compared to ¥102,828,219.92 in the same period last year[8] - The net profit attributable to shareholders was -¥45,010,662.02, a decrease of 2,457.30% from ¥1,909,417.21 in the previous year[8] - The net cash flow from operating activities was -¥32,414,451.95, which is a 43.43% decline compared to -¥22,599,399.91 in the same period last year[8] - Operating revenue increased by 53.52% year-on-year, primarily due to increased zircon sales revenue[15] - Operating costs increased by 113.87% year-on-year, mainly due to higher zircon sales costs[15] - Net profit attributable to shareholders of the parent company decreased by 2457.305% year-on-year, primarily due to insufficient production capacity caused by the COVID-19 pandemic, leading to increased production costs and decreased gross margin[15] - The net loss for Q1 2020 was CNY 49,464,384.48, compared to a net profit of CNY 2,226,323.63 in Q1 2019[40] - The company reported a gross profit margin of approximately -31.5% for Q1 2020, down from a positive margin in the previous year[39] - The company reported a total comprehensive income of -CNY 19,894,391.84, compared to -CNY 12,637,992.73 in the previous period[48] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,276,383,080.95, an increase of 2.56% from ¥2,219,626,103.24 at the end of the previous year[8] - The company's total assets amounted to CNY 2,276,383,080.95, an increase from CNY 2,219,626,103.24 as of December 31, 2019, reflecting a growth of approximately 2.6%[30] - The company's current assets increased to CNY 676,574,184.32 from CNY 578,463,016.62, representing a growth of about 17%[30] - The total liabilities of the company as of March 31, 2020, were CNY 1,528,614,881.88, compared to CNY 1,422,907,412.99 at the end of 2019, indicating an increase of approximately 7.4%[32] - The total liabilities increased to CNY 1,263,504,750.06 in Q1 2020 from CNY 1,215,603,712.82 in the previous year, reflecting a growth of 3.9%[39] - The company reported a total equity of CNY 796,718,690.25, with a negative retained earnings of CNY -337,983,094.32[55] - The company's total equity decreased to CNY 747,768,199.07 from CNY 796,718,690.25, reflecting a decline of about 6.1%[33] Cash Flow - Cash and cash equivalents increased by 518.26% compared to the end of the previous year, mainly due to the collection of accounts receivable and increased bank loan funds[15] - The total cash inflow from operating activities was CNY 188,142,780.90, compared to CNY 117,439,823.94 in the previous period, representing a 60.0% increase[48] - Cash inflow from financing activities amounted to CNY 769,157,026.64, significantly higher than CNY 279,294,549.98 in the previous period, indicating a 175.5% increase[49] - The net cash flow from financing activities was CNY 98,797,564.28, recovering from a negative CNY 64,599,025.86 in the previous period[49] - The total cash and cash equivalents at the end of the period reached CNY 65,632,714.55, up from CNY 7,262,146.17 in the previous period[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,191[11] - The largest shareholder, Longmang Baililian Group, held 15.66% of the shares, totaling 97,210,818 shares[11] Research and Development - Research and development expenses decreased by 31.04% year-on-year, primarily due to project investment reductions caused by COVID-19 pandemic-related employee return issues[15] - Research and development expenses for Q1 2020 were CNY 2,449,932.69, a decrease of 31% from CNY 3,552,808.52 in Q1 2019[39] Borrowings and Payables - Short-term borrowings increased by 56.36% compared to the end of the previous year, mainly due to increased loans from Everbright Bank and Minsheng Bank[15] - The company's short-term borrowings increased to CNY 965,220,000.00 from CNY 617,320,000.00, which is an increase of about 56%[32] - Other payables decreased by 80.3% compared to the end of the previous year, mainly due to the repayment of loans to leasing companies and other companies[15] Miscellaneous - The company received government subsidies amounting to ¥83,999.53 during the reporting period[9] - The company did not report any non-operating fund occupation by controlling shareholders or related parties during the reporting period[24] - The company has not undergone an audit for the first quarter report[59] - The company is implementing new revenue and leasing standards starting in 2020, which may affect future financial reporting[58]