宏达新材(002211) - 2020 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2020 was ¥95,970,546.13, a decrease of 55.23% compared to ¥214,358,222.66 in the same period last year[8] - Net profit attributable to shareholders was -¥3,050,034.52, representing a decline of 176.41% from ¥3,991,829.11 year-on-year[8] - Basic and diluted earnings per share were both -¥0.0071, down 177.17% from ¥0.0092 in the same period last year[8] - Operating revenue decreased by 55.23% year-on-year to ¥95.97 million, primarily impacted by the COVID-19 pandemic[16] - The net profit for Q1 2020 was a loss of ¥3,050,034.52, compared to a profit of ¥3,991,829.11 in Q1 2019, indicating a significant decline in profitability[44] Cash Flow and Financial Position - Net cash flow from operating activities was -¥245,350,181.79, a decrease of 317.26% compared to ¥112,928,977.16 in the previous year[8] - The company reported a 69.59% decline in cash inflow from operating activities, totaling ¥134.67 million, also due to the pandemic's effects[17] - The company's cash and cash equivalents increased by 38.88% to ¥60.04 million due to the redemption of bank wealth management products[16] - The company's cash and cash equivalents at the end of Q1 2020 were 1,867,165.73 CNY, down from 50,509,432.99 CNY at the end of the previous year[56] - The net cash flow from operating activities for Q1 2020 was -11,429,760.83 CNY, a significant decrease compared to 199,802,305.59 CNY in the same period last year[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,011,884,030.67, a decrease of 6.21% from ¥1,078,860,758.58 at the end of the previous year[8] - The total liabilities decreased to ¥308,511,292.05 as of March 31, 2020, compared to ¥372,437,985.44 at the end of 2019, indicating a reduction of approximately 17.2%[36] - The accounts receivable decreased to ¥113,957,433.54 as of March 31, 2020, from ¥145,392,380.23 at the end of 2019, showing a decline of about 21.5%[34] - The total current assets were reported at 756,710,017.10 CNY, while non-current assets totaled 322,150,741.48 CNY[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 34,467[12] - The largest shareholder, Shanghai Hongzi Enterprise Development Co., Ltd., held 28.23% of the shares, totaling 122,100,000 shares[12] Investment and Financing Activities - The company plans to raise up to ¥422.1 million through a non-public offering of shares at ¥4.69 per share, aimed at supplementing working capital[19] - The company terminated its previous non-public offering plan and proposed a new plan to raise up to ¥391.5 million at a price of ¥4.35 per share[21] - Cash inflow from investment activities totaled 104,949,380.00 CNY, compared to 68,570.00 CNY in Q1 2019, indicating a strong recovery in investment cash flow[55] Other Financial Metrics - Non-recurring gains and losses totaled ¥1,952,968.17, with government subsidies contributing ¥139,202.51 and investment income from financial assets contributing ¥2,652,953.82[9] - The company reported a weighted average return on equity of -0.43%, down 0.93% from 0.50% in the previous year[8] - The company’s research and development expenses for Q1 2020 were ¥6,194,524.48, slightly down from ¥6,421,449.64 in Q1 2019[43] - Management expenses increased significantly to 933,040.81 from 243,757.53 in the previous period[47] Changes and Future Outlook - The company has implemented new revenue and leasing standards starting in 2020, which may affect future financial reporting[57] - The company has not yet audited its Q1 2020 report, indicating that the figures may be subject to change[63]