海利得(002206) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥815,492,560.31, representing a decrease of 14.05% compared to ¥948,833,709.55 in the same period last year[8]. - Net profit attributable to shareholders was ¥45,719,901.55, down 47.15% from ¥86,509,766.85 year-on-year[8]. - Basic and diluted earnings per share were both ¥0.04, a decrease of 42.86% from ¥0.07 in the same period last year[8]. - Total operating revenue for Q1 2020 was CNY 815,492,560.31, a decrease from CNY 948,833,709.55 in the previous period[52]. - Net profit for Q1 2020 was CNY 47,244,623.89, down from CNY 87,996,195.12 in the same period last year, representing a decline of approximately 46%[54]. - The total comprehensive income for Q1 2020 was CNY 47,992,657.85, down from CNY 85,974,016.45 in the same period last year[55]. - The company's total equity reached CNY 2,867,788,712.54, compared to CNY 2,819,796,054.68, reflecting a growth of about 1.7%[46]. - The company reported a significant loss in fair value changes amounting to CNY -16,729,960.00 compared to a gain of CNY 342,000.00 in the previous period[53]. Cash Flow and Investments - The net cash flow from operating activities was -¥220,170,103.90, a decline of 379.50% compared to ¥78,773,131.97 in the previous year[8]. - Cash flow from operating activities showed a net outflow of CNY 220,170,103.90, compared to a net inflow of CNY 78,773,131.97 in the previous year[62]. - The company received CNY 988,393,235.12 in cash from borrowings in Q1 2020, an increase from CNY 900,732,028.47 in the same period last year[63]. - The net cash flow from investment activities was -96,277,260.93 CNY, compared to -206,642,366.47 CNY in the same period of 2019, indicating a 53.4% improvement year-over-year[66]. - The cash flow from financing activities generated a net inflow of 171,805,839.86 CNY in Q1 2020, down from 370,641,619.99 CNY in Q1 2019, representing a 53.7% decrease[66]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,876,613,337.52, an increase of 5.49% from ¥5,570,703,228.61 at the end of the previous year[8]. - Current liabilities rose to CNY 2,677,691,310.99, compared to CNY 2,480,947,443.47, reflecting an increase of about 7.9%[45]. - Total liabilities amounted to CNY 3,008,824,624.98, an increase from CNY 2,750,907,173.93, which is an increase of approximately 9.4%[45]. - The company's total liabilities increased due to the adjustments made under the new financial instrument standards, impacting the overall financial position[69]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,810[12]. - Major shareholder Gao Limin held 17.43% of the shares, with 159,890,625 shares pledged[12]. - The company announced the cancellation of 7.508 million stock options and 1.3125 million reserved stock options due to not meeting performance assessment criteria for the fiscal year 2019[24]. Corporate Actions and Commitments - The establishment of two wholly-owned subsidiaries, Zhejiang Hailide Floor Co., Ltd. and Zhejiang Hailide Film New Materials Co., Ltd., was completed on March 18, 2020[25]. - The company plans to invest $600,000 to establish a wholly-owned great-grandson company, Hailide American Fiber Company, in Georgia, USA, which is still in the preparatory stage[25]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following its public listing[27]. - The company has made commitments to avoid engaging in competitive business activities with its shareholders and related parties[29]. Financial Management and Compliance - The company reported no securities investments or entrusted financial management during the reporting period[30][31]. - The company engaged in derivative investments, specifically PTA futures, with a starting investment amount of 5,645.8 million yuan and a net investment amount of 4,478.8 million yuan at the end of the reporting period[32]. - The independent directors provided independent opinions regarding the stock option cancellation, and legal opinions were issued accordingly[24]. - The company did not undergo an audit for the first quarter report[74]. Changes in Accounting Standards - The company executed new accounting standards for revenue and leasing, which were applicable from 2020, impacting the financial statements[68]. - The adjustment of financial assets and liabilities under the new financial instrument standards resulted in a reclassification of 100,568.55 CNY in cash and cash equivalents[69].