泰尔股份(002347) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥119,718,998.44, a decrease of 33.72% compared to ¥180,614,679.84 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥2,447,455.81, representing a decline of 141.02% from a profit of ¥5,966,945.79 in the previous year[8] - The net cash flow from operating activities was negative at ¥114,637,272.30, worsening by 201.21% compared to a negative cash flow of ¥38,058,452.64 in the same period last year[8] - The company's basic earnings per share were -¥0.0055, a decrease of 141.35% from ¥0.0133 in the same period last year[8] - Net profit for Q1 2020 was a loss of ¥4,722,007.17, compared to a profit of ¥5,942,947.57 in Q1 2019, indicating a significant decline in profitability[39] - The company incurred a total comprehensive loss of CNY 4,905,915.07, compared to a comprehensive income of CNY 5,392,147.02 in the previous year[44] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,076,747,913.32, down 5.18% from ¥2,190,150,153.99 at the end of the previous year[8] - As of March 31, 2020, total assets amounted to 2,076,747,913.32 CNY, down from 2,190,150,153.99 CNY at the end of 2019[30] - The total liabilities as of March 31, 2020, were 905,089,043.58 CNY, compared to 1,014,104,260.21 CNY at the end of 2019[32] - Total liabilities decreased to ¥856,032,807.22 from ¥952,085,261.45, a reduction of 10.1%[36] - The company's equity attributable to shareholders was ¥1,162,373,749.28, slightly down from ¥1,166,954,841.07, reflecting a decrease of 0.4%[36] Cash Flow - The net cash flow from operating activities decreased by 76,578,819.66 CNY, a reduction of 201% compared to the same period last year, primarily due to a decrease in cash received from sales of goods[16] - The net cash flow from investing activities increased by 2,816,318.14 CNY, a growth of 49.11%, mainly due to a decrease in cash paid for the purchase of fixed assets and intangible assets[16] - The net cash flow from financing activities increased by 48,078,181.50 CNY, an increase of 1162%, primarily due to an increase in cash received from borrowings[16] - Cash flow from operating activities showed a net outflow of CNY 114,637,272.30, worsening from a net outflow of CNY 38,058,452.64 in the previous year[47] - The company reported cash inflows from financing activities of CNY 99,801,600.00, compared to CNY 23,493,075.01 in the same period last year, indicating a significant increase in financing[47] Inventory and Receivables - Accounts receivable decreased by 43.36% to ¥27,000,000 due to reduced collections amid the COVID-19 pandemic[15] - Inventory increased to 554,839,497.21 CNY from 526,199,330.40 CNY at the end of 2019[30] - The company's inventory stood at approximately 485.00 million[56] Expenses - The company reported a significant increase in other income, which rose by 42.57% to ¥2,862,365.79 due to increased government subsidies[15] - The company experienced a 10246.37-fold increase in other expenses, primarily due to increased donations[15] - The company reported a significant increase in research and development expenses, totaling ¥5,733,574.67, compared to ¥7,851,406.57 in the previous year, indicating a focus on innovation despite financial challenges[39] - Research and development expenses were CNY 3,961,957.19, down 31.8% from CNY 5,818,647.67 in the previous year[43] Other Information - The company reported no overdue commitments from controlling shareholders or related parties during the reporting period[18] - The company executed new revenue and leasing standards starting January 1, 2020, which affected the presentation of contract liabilities[52] - The company has not audited its first-quarter report for 2020[58]