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华东数控(002248) - 2020 Q1 - 季度财报
WHHDWHHD(SZ:002248)2020-04-28 16:00

Financial Performance - The company's revenue for Q1 2020 was ¥34,292,937.95, representing a 36.07% increase compared to ¥25,203,337.84 in the same period last year[9] - The net profit attributable to shareholders was -¥9,514,095.91, an improvement of 38.90% from -¥15,572,525.27 year-on-year[9] - The basic earnings per share were -¥0.03, a 40.00% improvement from -¥0.05 in the same period last year[9] - The net profit attributable to the parent company was -¥9,514,095.91, an improvement of 38.90% from -¥15,572,525.27 in the previous year, influenced by increased operating revenue and reduced asset impairment losses[17] - Net loss for Q1 2020 was CNY 11,287,653.58, compared to a net loss of CNY 17,034,001.12 in Q1 2019, showing an improvement of 33.5%[46] - The net loss for the current period is CNY -7,437,650.47, an improvement compared to the net loss of CNY -13,748,513.50 in the previous period, indicating a reduction in losses by about 45.5%[48] Cash Flow and Liquidity - The net cash flow from operating activities was -¥4,709,765.94, showing a 29.90% improvement compared to -¥6,718,895.73 in the previous year[9] - Cash and cash equivalents decreased by 56.58% to ¥40,109,494.19, primarily due to significant payments for land acquisition[17] - The company's cash and cash equivalents decreased to CNY 36,195,956.59 from CNY 84,581,055.72, a decline of 57.3%[40] - The total cash and cash equivalents at the end of the current period is CNY 38,838,742.98, compared to CNY 7,803,391.08 at the end of the previous period, indicating a substantial increase of approximately 396%[51] - The company reported a financing cash outflow of CNY 61,746,185.64, significantly higher than CNY 7,454,174.96 in the previous period, indicating increased financing activities[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥578,513,939.13, a decrease of 4.08% from ¥603,103,829.04 at the end of the previous year[9] - The net assets attributable to shareholders decreased by 7.00% to ¥122,491,175.16 from ¥131,704,138.02 at the end of the previous year[9] - Total current liabilities decreased to CNY 469,185,069.52 as of March 31, 2020, down from CNY 482,788,330.90 at the end of 2019, a reduction of 2.5%[37] - The company's total liabilities decreased to CNY 504,127,026.75 from CNY 517,730,288.13, a reduction of 2.5%[37] - The company's total equity decreased to CNY 74,386,912.38 from CNY 85,373,540.91, a decline of 12.8%[37] Operating Expenses - Total operating costs for Q1 2020 were CNY 43,740,352.94, up from CNY 41,265,670.85 in the same period last year, representing an increase of 6.0%[46] - The total operating expenses decreased to CNY 35,850,000.00 from CNY 39,000,000.00 in the previous period, reflecting a reduction of approximately 8.2%[48] Research and Development - Research and development expenses increased by 46.00% to ¥1,832,818.40, driven by significant investments in new product development materials[17] - The company incurred research and development expenses of CNY 1,832,818.40, up from CNY 1,255,334.65 in the previous period, reflecting a year-over-year increase of about 46%[48] Shareholder Information - The total number of common shareholders at the end of the reporting period was 21,604[12] - The largest shareholder, Weihai Weigao International Medical Investment Holding Co., Ltd., held 17.50% of the shares, totaling 53,825,800 shares[14] Asset Management - The company plans to optimize the asset-liability structure of its subsidiary by converting ¥124,451,171.86 of debt into equity[18] - The company acquired land use rights for 104,360.00 square meters but found the land unsuitable for construction, leading to negotiations with the government for alternative land[19] - The company's intangible assets increased by 448.07% to ¥42,883,051.36, reflecting the addition of new land use rights[17] - The company recorded a 100% decrease in asset disposal income, with no income from asset disposals this period compared to ¥3,163,139.21 in the previous year[17] Borrowing and Financing - The company reported a 1077.32% increase in cash received from borrowings, totaling ¥40,000,000.00, due to the renewal of maturing loans[17] - The company received CNY 40,000,000.00 in loans during the current period, compared to CNY 3,397,550.00 in the previous period, indicating a significant increase in financing through loans[51]