精艺股份(002295) - 2020 Q1 - 季度财报

Financial Performance - Revenue for Q1 2020 was ¥813,807,003.06, a decrease of 40.15% compared to ¥1,359,681,737.88 in the same period last year[7] - Net profit attributable to shareholders was -¥7,226,307.22, representing a decline of 141.83% from ¥17,274,357.94 year-on-year[7] - Operating revenue for the reporting period was 813,807,003.06 yuan, a year-on-year decrease of 40.15%, primarily due to reduced sales scale impacted by the pandemic[18] - Operating costs for the reporting period were 787,031,954.39 yuan, a year-on-year decrease of 39.81%, also due to the pandemic's impact on sales scale[20] - The company reported a comprehensive loss of CNY 15,109,773.15 for Q1 2020, contrasting with a comprehensive income of CNY 17,197,002.37 in the prior year[51] - Basic and diluted earnings per share for Q1 2020 were both -CNY 0.03, down from CNY 0.07 in the previous period[51] Cash Flow - The net cash flow from operating activities was ¥109,305,670.83, down 9.84% from ¥121,240,583.49 in the previous year[7] - The net cash flow from investment activities was -94,049,354.72 yuan, a year-on-year decrease of 310.38%, mainly due to increased investments in trust products[23] - Cash inflow from operating activities was CNY 1,419,462,665.24, down from CNY 1,606,796,373.08 in the previous period, representing a decrease of approximately 11.6%[57] - Cash outflow for purchasing goods and services was CNY 1,262,060,235.04, a decrease of about 12.4% from CNY 1,440,281,567.62 in the previous period[58] - The net cash flow from financing activities was -CNY 117,495.40, compared to -CNY 113,709,892.30 in the previous period, showing a slight improvement[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,335,060,339.15, an increase of 14.66% from ¥2,036,516,467.47 at the end of the previous year[7] - The company's current assets reached CNY 1,966,951,191.87, up from CNY 1,668,602,014.68, indicating a rise of about 17.9%[40] - The total liabilities increased to CNY 1,160,463,194.33 from CNY 846,809,549.50, representing a growth of approximately 37%[42] - The total equity attributable to shareholders decreased to CNY 1,174,597,144.82 from CNY 1,189,706,917.97, a decline of approximately 1.3%[43] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,131, with the top 10 shareholders holding a combined 61.36% of shares[11] Inventory and Receivables - Inventory at the end of the reporting period was 248,348,249.77 yuan, an increase of 62.49% compared to the beginning of the period, mainly due to preparations for next month's sales plan[16] - The balance of receivables decreased by 34.27% to ¥2,572,199.31, primarily due to the maturity of commercial acceptance bills[15] Risk Management and Hedging - The company engaged in hedging activities for copper futures to mitigate risks associated with raw material price fluctuations, with a total investment amount of 1,547.37 million CNY at the end of the reporting period[30] - The company has established a risk management system for foreign exchange hedging to reduce the impact of exchange rate fluctuations on its performance, with specific measures outlined in its management policy[32] - The company has implemented a stop-loss mechanism in its futures hedging strategy to manage potential losses effectively[32] - The total amount of foreign exchange hedging activities is reasonable and aligns with the company's actual situation, utilizing self-owned funds without involving raised capital[32] Other Financial Metrics - The weighted average return on equity was -0.61%, a decrease of 2.10% compared to 1.49% in the same period last year[7] - The company reported a financial expense of 6,865,360.98 yuan, a year-on-year decrease of 50.99%, attributed to improved internal management and lower bank discount rates[20] - Research and development expenses rose to CNY 3,492,866.77, compared to CNY 2,813,487.72 in the previous year, indicating a focus on innovation[49] Compliance and Integrity - There were no violations regarding external guarantees during the reporting period, indicating a stable financial position[33] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period, ensuring financial integrity[34] - The company has not yet audited the first quarter report, indicating that the figures are subject to change[64] - The company did not apply new revenue and leasing standards for the current period, maintaining previous accounting practices[63]