高乐股份(002348) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥116,068,051.73, a decrease of 48.62% compared to ¥225,885,891.10 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥13,946,667.66, representing a decline of 176.34% from a profit of ¥18,268,873.39 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥15,094,326.19, down 184.81% from ¥17,797,180.45 in the same period last year[8] - Net profit turned negative at -¥16,926,902.51, a decline of 188.42% from a profit of ¥19,143,475.38 in the previous year, driven by decreased sales revenue[15] - The net profit for Q1 2020 was a loss of CNY 16,926,902.51, compared to a profit of CNY 19,143,475.38 in the same period last year[38] - The total comprehensive income for the quarter was -¥17,481,814.96, compared to -¥182,556.55 in the previous year[43] Cash Flow and Liquidity - The net cash flow from operating activities was -¥28,919,385.31, a slight improvement of 3.28% compared to -¥29,899,438.91 in the previous year[8] - Operating cash flow net amount decreased by 3.28% to -¥28,919,385.31, influenced by reduced export sales and lower tax refunds[15] - The net cash flow from operating activities was -9,221,054.52 yuan, compared to -7,839,961.44 yuan in the previous period, indicating a decline in operational cash flow[20] - Cash inflow from financing activities increased to 50,000,000.00 yuan from 30,000,000.00 yuan, while cash outflow decreased to 37,577,386.41 yuan from 74,106,340.13 yuan, resulting in a net cash flow of 12,422,613.59 yuan[50] - The total cash and cash equivalents at the end of the period decreased to 25,520,069.34 yuan from 37,326,123.19 yuan, reflecting a net decrease of 5,016,887.09 yuan[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,826,825,726.61, a decrease of 2.54% from ¥1,874,489,833.73 at the end of the previous year[8] - The company's total assets as of March 31, 2020, were CNY 1,513,589,276.09, a decrease from CNY 1,537,017,770.15 at the end of 2019[34] - The company's total liabilities were CNY 373,822,538.82, a slight decrease from CNY 379,769,217.92 in the previous period[34] - The company's total liabilities increased slightly, with short-term borrowings remaining at 91,500,000.00 yuan[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,909[11] - The largest shareholder, Xingchang Plastic Hardware Factory, holds 19.76% of the shares, totaling 187,132,600 shares[11] Cost Management - Total operating costs for Q1 2020 were CNY 135,142,607.77, down from CNY 204,149,465.52 in the previous period[37] - Operating costs amounted to ¥50,861,479.98, down from ¥108,466,144.98 in the previous period, indicating improved cost management[41] - The company reported a 64.99% reduction in financial expenses to ¥2,178,892.31 from ¥6,223,276.85, mainly due to exchange rate fluctuations[15] - The company reported a decrease in sales expenses to ¥10,163,163.34 from ¥14,346,129.02 in the previous period, indicating a focus on cost reduction[41] Government Support - The company received government subsidies amounting to ¥2,286,968.30 during the reporting period[9] Inventory and Receivables - Inventory decreased by 18.83% to ¥154,762,890.16 from ¥190,615,702.73, indicating a reduction in stock levels[28] - The company reported a decrease in accounts receivable to CNY 190,940,073.20 from CNY 212,526,317.14 at the end of 2019[33] Research and Development - Research and development expenses for the quarter were ¥3,378,260.81, compared to ¥4,024,250.01 in the previous period, reflecting a reduction in R&D spending[41] Other Information - The company has no significant updates on share buybacks or other strategic initiatives during the reporting period[16] - The company has not yet audited its first-quarter report for 2020, indicating that the figures may be subject to change[57]