正威新材(002201) - 2020 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2020 was CNY 182,806,299.47, a decrease of 19.64% compared to CNY 227,492,900.35 in the same period last year[7] - Net profit attributable to shareholders was CNY 1,834,249.80, down 27.99% from CNY 2,547,306.62 year-on-year[7] - Net profit excluding non-recurring gains and losses was CNY 1,446,049.82, a decline of 30.33% from CNY 2,075,676.40 in the previous year[7] - Total operating revenue for Q1 2020 was CNY 182.81 million, a decrease of 19.6% compared to CNY 227.49 million in Q1 2019[36] - Net profit for Q1 2020 was CNY 3.06 million, compared to CNY 4.13 million in Q1 2019, reflecting a decline of 25.9%[36] - Net profit for Q1 2020 was CNY 1,834,249.80, down 28% from CNY 2,547,306.62 in Q1 2019[37] - Basic and diluted earnings per share for Q1 2020 were CNY 0.0055, compared to CNY 0.0077 in the previous year, reflecting a decline of 28.57%[37] Cash Flow and Operating Activities - Operating cash flow for the period increased significantly to CNY 53,117,900.16, up 209.17% from CNY 17,180,742.91 in the same quarter last year[7] - Net cash flow from operating activities increased by CNY 35.94 million, a growth of 209.17%, primarily due to a reduction in payments for purchasing materials[15] - Cash flow from operating activities was CNY 53,117,900.16, significantly higher than CNY 17,180,742.91 in Q1 2019, indicating improved cash generation[44] - The net cash flow from operating activities for the first quarter was ¥41,990,881.30, a significant increase from ¥12,116,109.88 in the previous period, representing a growth of approximately 246.5%[46] - The cash inflow from operating activities was ¥185,865,010.35, slightly down from ¥186,942,555.54 in the previous period[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,305,241,535.90, reflecting a slight increase of 0.24% from CNY 2,299,804,367.12 at the end of the previous year[7] - Total liabilities at the end of the reporting period amounted to CNY 1,357.26 million, compared to CNY 1,353.75 million at the beginning of the period[30] - Current assets totaled CNY 1.11 billion as of March 31, 2020, an increase of 4.8% from CNY 1.06 billion at the end of 2019[33] - Total liabilities amounted to CNY 1.23 billion, a slight increase of 1.2% from CNY 1.22 billion at the end of 2019[35] - The total assets at the end of the reporting period amounted to CNY 2,305.24 million, compared to CNY 2,299.80 million at the beginning of the period[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,751[10] - The largest shareholder, Shenzhen Yiwei New Materials Co., Ltd., held 19.55% of shares, totaling 65,000,000 shares[10] - The company did not engage in any repurchase transactions during the reporting period[11] Expenses and Costs - Total operating costs for Q1 2020 were CNY 176.90 million, down 20.7% from CNY 223.35 million in the same period last year[36] - The company reported R&D expenses of CNY 8.01 million, an increase of 28.7% compared to CNY 6.22 million in Q1 2019[36] - Financial expenses decreased to CNY 10,454,248.30, down 25.8% from CNY 14,092,060.66 in Q1 2019, reflecting cost control measures[40] - Income tax expenses increased by CNY 0.4688 million, a growth of 31.02%, primarily due to increased income tax provisions by the parent company[15] Other Financial Metrics - The company reported non-recurring gains of CNY 388,199.98, primarily from government subsidies and other income[8] - The company incurred a credit impairment loss of CNY 326,811.54, indicating potential challenges in receivables management[40] - The company reported a total profit of CNY 13,365,059.97 for Q1 2020, an increase of 34.9% compared to CNY 9,912,619.90 in the same period last year[40] Changes in Assets - Prepayments at the end of the reporting period increased by CNY 56.88 million, a growth of 296.45%, mainly due to an increase in advance payments for materials[14] - Other receivables increased by CNY 5.74 million, a growth of 90.61%, primarily due to an increase in operating standby funds and deposits[14] - Investment properties decreased by CNY 0.5754 million, a decline of 89.15%, as a subsidiary ceased renting out investment properties[14] - Construction in progress increased by CNY 80.82 million, a growth of 185.54%, mainly due to an increase in uncompleted technical renovation project balances[14] - The company's cash and cash equivalents decreased to CNY 138.92 million from CNY 153.27 million, a decline of 9.3%[33] - Accounts receivable decreased to CNY 185.53 million, down 9.9% from CNY 205.85 million at the end of 2019[33] - Inventory decreased to CNY 176.41 million, a reduction of 6.6% from CNY 188.78 million at the end of 2019[33] Regulatory and Accounting Changes - The company adopted new revenue recognition and leasing standards starting January 1, 2020, adjusting the presentation of contract liabilities[56] - The first quarter report for 2020 was not audited, indicating preliminary financial data[56]