证通电子(002197) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥238,277,825.77, a decrease of 5.91% compared to ¥253,239,451.70 in the same period last year[8]. - The net profit attributable to shareholders was ¥2,746,291.69, down 32.56% from ¥4,072,190.35 year-on-year[8]. - The net cash flow from operating activities was ¥83,701,268.46, representing a decline of 44.09% compared to ¥149,713,667.48 in the previous year[8]. - Net profit decreased by 80.37% year-on-year, attributed to a 5.91% decline in operating revenue and a reduction in government subsidies[19]. - The company reported a net loss of CNY 9,456,028.23 for Q1 2020, an improvement from a loss of CNY 13,868,622.49 in Q1 2019[57]. - Operating income for the current period is 775,996.51, compared to 2,734,334.79 in the previous period, indicating a significant decrease[65]. - Total profit for the current period is 816,654.08, down from 2,780,621.80 in the previous period[65]. - Net profit for the current period is 475,302.21, compared to 2,421,303.70 in the previous period, reflecting a substantial decline[65]. - Comprehensive income attributable to the parent company is 3,251,882.38, down from 4,531,063.56 in the previous period[69]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,093,400,740.19, an increase of 1.74% from ¥5,989,337,242.29 at the end of the previous year[8]. - The company's total assets as of March 31, 2020, were CNY 5,681,558,172.24, an increase from CNY 5,285,462,209.45 at the end of 2019[54]. - The company's total liabilities rose to CNY 3,686,471,563.63 from CNY 3,583,388,958.63, indicating an increase of about 2.9%[47]. - The non-current liabilities increased to CNY 1,369,295,958.98 from CNY 1,315,044,231.28, reflecting a growth of approximately 4.1%[47]. - Current liabilities totaled CNY 2,268,344,727.35, while total liabilities were CNY 3,583,388,958.63[94]. - Total liabilities amount to approximately $3.02 billion[101]. Shareholder Equity - The net assets attributable to shareholders were ¥2,397,020,724.83, showing a slight increase of 0.14% from ¥2,393,768,842.45 at the end of the previous year[8]. - The total equity attributable to shareholders of the parent company was CNY 2,397,020,724.83, slightly up from CNY 2,393,768,842.45[49]. - The total equity increased slightly to CNY 2,273,834,770.28 from CNY 2,269,422,176.02, showing stability in shareholder value[57]. - Total equity stands at approximately $2.27 billion, with a negative retained earnings of approximately $13.87 million[101]. Cash Flow - Cash flow from operating activities decreased by 44.09% year-on-year, mainly due to a decrease in project guarantee deposits[19]. - Cash flow from investment activities decreased by 22.59% year-on-year, primarily due to reduced capital expenditures for investments[19]. - Cash flow from financing activities decreased by 118.50% year-on-year, mainly due to a reduction in net bank borrowings for working capital compared to the same period last year[19]. - The net cash flow from operating activities was -27,740,332.33, a decrease from 113,182,477.42 in the previous period[84]. - Cash outflow for operating activities amounted to 313,911,604.72, an increase from 237,582,114.05 in the previous period[84]. - The total cash and cash equivalents at the end of the period were 72,981,887.01, down from 104,228,057.18 in the previous period[87]. Revenue and Expenses - The company confirmed sales revenue of RMB 24.64 million from data center services during the reporting period[20]. - The company achieved revenue of RMB 2.37 million from the IDC room leasing service contract with China Mobile during the reporting period[23]. - Research and development expenses increased to CNY 16,951,785.22 in Q1 2020, up from CNY 13,889,518.25 in Q1 2019, indicating a focus on innovation[62]. - Research and development expenses for the current period are 8,859,206.77, down from 10,825,210.60 in the previous period[70]. - Total operating costs for Q1 2020 were CNY 239,543,666.09, down from CNY 258,372,709.13 in Q1 2019, reflecting a cost reduction strategy[62]. Government Support and Investments - The company received government subsidies amounting to ¥5,956,827.99 during the reporting period[8]. - The company has no significant external investments, derivative investments, or non-operating fund occupation by controlling shareholders during the reporting period[33][34][37]. - The company has committed to not distributing profits to shareholders and has paused major external investments and acquisitions[32]. - The company plans to apply for a non-public offering of shares to raise no more than RMB 885.7 million[25]. - The company plans to expand its market presence and invest in new technologies[96]. Changes in Accounting Standards - The new revenue recognition standard will be implemented starting January 1, 2020[101]. - The company reclassified amounts previously recorded as "prepayments" to "contract liabilities" under the new standard[101]. - The adjustment of CNY 30,205,118.51 from advance receipts to contract liabilities reflects a reclassification under new revenue recognition standards[94].