华天科技(002185) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,692,152,931.08, a decrease of 1.12% compared to ¥1,711,326,979.16 in the same period last year[3] - Net profit attributable to shareholders was ¥62,655,326.48, representing a significant increase of 276.13% from ¥16,657,858.90 year-on-year[3] - The net profit after deducting non-recurring gains and losses reached ¥48,727,459.22, a remarkable increase of 5,770.58% compared to ¥830,028.55 in the previous year[3] - Basic and diluted earnings per share were both ¥0.0229, reflecting a year-on-year increase of 193.59% from ¥0.0078[3] - Net profit for Q1 2020 reached CNY 70,940,591.87, compared to CNY 18,192,853.08 in the previous year, indicating a significant improvement[25] - The total comprehensive income for the current period is ¥41,567,960.73, compared to ¥27,873,502.06 in the previous period, indicating a significant improvement[29] Cash Flow - The net cash flow from operating activities was ¥211,760,318.78, up 85.78% from ¥113,984,808.36 in the same period last year[3] - Cash flow from operating activities increased by 85.78% to CNY 211,760,318.78, primarily due to higher cash receipts from sales[9] - The cash inflow from operating activities totaled ¥1,646,376,727.83, an increase of 37.9% from ¥1,193,751,004.66 in the previous period[30] - The net cash flow from operating activities was 52,236,951.16 CNY, slightly down from 54,542,800.02 CNY in the previous period[33] - The company reported a total cash outflow from operating activities of 361,998,460.50 CNY, which is higher than 345,360,340.03 CNY in the previous period[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥16,502,328,425.57, an increase of 2.85% from ¥16,044,968,730.79 at the end of the previous year[3] - The company's current assets reached CNY 5,116,515,349.38, up from CNY 4,821,602,899.31 at the end of 2019, indicating an increase of about 6.13%[16] - Total liabilities increased to CNY 6,399,271,587.43 from CNY 6,125,973,766.31, representing a growth of approximately 4.47%[18] - Current liabilities rose to CNY 2,303,037,592.09, up from CNY 1,972,288,295.71, primarily due to an increase in short-term borrowings[22] - The company's equity attributable to shareholders reached CNY 7,768,413,813.93, slightly up from CNY 7,768,107,631.71, indicating a marginal increase[19] Research and Development - R&D expenses grew by 52.39% to CNY 96,364,677.83, reflecting increased investment in research and development activities[9] - Research and development expenses for Q1 2020 were CNY 96,364,677.83, an increase from CNY 63,234,829.28, reflecting a commitment to innovation[24] - Research and development expenses increased to ¥31,004,054.40, up 9.1% from ¥28,436,169.97 in the previous period[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 305,617[6] - The largest shareholder, Tianshui Huaten Electronics Group Co., Ltd., held 25.42% of the shares, totaling 696,472,455 shares[6] Government Subsidies and Other Income - The company received government subsidies amounting to ¥29,726,618.10 during the reporting period[4] - Other income rose by 67.52% to CNY 29,782,610.23, mainly from increased government subsidies received[9] - The company reported a significant increase in other income to CNY 29,782,610.23 from CNY 17,778,810.66, contributing positively to overall profitability[24] Financial Expenses - Financial expenses decreased by 42.13% to CNY 24,083,582.01, attributed to increased exchange gains during the reporting period[9] - The financial expenses decreased to ¥18,428,719.32 from ¥23,234,773.96, a reduction of 20.5%[27] Investment Activities - The net cash flow from investing activities improved by 69.65% to CNY -646,523,111.64, due to less cash paid for the acquisition of Unisem shares compared to the previous year[10] - The company’s investment activities resulted in a net cash outflow of ¥646,523,111.64, an improvement from a net outflow of ¥2,130,253,364.61 in the previous period[31] - Investment activities resulted in a net cash outflow of 257,251,744.52 CNY, an improvement from a net outflow of 403,884,381.65 CNY previously[34] Borrowings - Short-term borrowings rose by 31.67% to CNY 1,936,555,945.60, mainly due to increased bank loans for liquidity purposes[9] - Long-term borrowings decreased to CNY 661,000,000.00 from CNY 840,000,000.00, indicating a reduction in long-term debt[22] Audit Information - The company did not undergo an audit for the first quarter report[36]