柘中股份(002346) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥89,684,639.10, a decrease of 13.17% compared to ¥103,284,274.83 in the same period last year[8]. - The net profit attributable to shareholders was -¥41,522,985.03, representing a decline of 142.02% from ¥98,815,186.52 year-on-year[8]. - The basic earnings per share were -¥0.09, down 140.91% from ¥0.22 in the same period last year[8]. - The total operating costs for Q1 2020 were CNY 90,336,244.87, a decrease of 4.8% compared to CNY 94,566,844.84 in the previous period[40]. - The net profit for Q1 2020 was a loss of CNY 41,522,985.03, compared to a profit of CNY 98,815,056.70 in the same period last year, representing a significant decline[41]. - The company's operating profit for Q1 2020 was a loss of CNY 54,080,705.39, down from a profit of CNY 123,666,616.83 in the previous year[41]. Cash Flow - The net cash flow from operating activities was -¥65,014,233.30, a significant decrease of 322.20% compared to ¥29,259,628.19 in the previous year[8]. - Cash flow from operating activities decreased by 322.2% year-on-year, mainly due to an increase in payments to suppliers for goods purchased and prepayments[17]. - The cash flow from financing activities decreased by 80.16% year-on-year, primarily due to repayments of loans from major shareholders[18]. - The total cash inflow from investment activities was 289,892,546.80 CNY, while cash outflow was 114,688,710.00 CNY, resulting in a net cash flow of 175,203,836.80 CNY from investment activities[49]. - The company reported a total cash inflow from operating activities of 42,216,547.95 CNY, a significant increase from 4,972,841.76 CNY in the previous year[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,769,061,532.19, a decrease of 5.13% from ¥2,918,945,342.23 at the end of the previous year[8]. - Total liabilities decreased to CNY 780,137,714.89 from CNY 888,498,539.90, representing a reduction of about 12.2%[33]. - Current liabilities totaled CNY 654,573,841.55, down from CNY 748,974,612.66, indicating a decrease of approximately 12.6%[33]. - Non-current liabilities decreased to CNY 125,563,873.34 from CNY 139,523,927.24, a decline of about 10%[33]. - The company had a total of 779,496,329.09 CNY in current assets as of December 31, 2019[56]. Investments and Financial Assets - The company reported a 58.98% decrease in trading financial assets compared to the beginning of the period, mainly due to the recovery of some financial asset investments and fair value changes[16]. - Investment income decreased by 45.85% compared to the same period last year, primarily due to a reduction in financial asset investments and wealth management products[17]. - Fair value changes in income decreased by 181.63% year-on-year, mainly due to a decrease in fair value changes of financial assets measured at fair value[17]. - Long-term equity investments were reported at CNY 364,466,469.01, an increase from CNY 362,378,219.31[32]. Changes in Financial Position - The net assets attributable to shareholders decreased by 2.05% to ¥1,988,923,817.30 from ¥2,030,446,802.33 at the end of the previous year[8]. - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting[54]. - The company is focusing on expanding its investment activities, as indicated by the significant cash inflow from investment recoveries[53]. - The company has not undergone an audit for the first quarter report, which was released on April 28, 2020[61].