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[7] - The net profit attributable to shareholders was a loss of ¥12,095,929.64, representing a decline of 166.21% from a profit of ¥18,268,873.39 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥13,090,443.29, down 173.55% from ¥17,797,180.45 in the prior year[7] - Operating revenue fell by 48.62% to ¥116,068,051.73 compared to ¥225,885,891.10, primarily due to the impact of the pandemic on sales[15] - Net profit turned negative at -¥13,451,337.55, a decline of 170.27% from a profit of ¥19,143,475.38, attributed to decreased sales revenue and profit[15] - The basic earnings per share for the reporting period was -¥0.0128, a decline of 166.32% from ¥0.0193 in the same period last year[7] - The diluted earnings per share for the reporting period was also -¥0.0128, reflecting the same percentage decline as basic earnings per share[7] - The company's operating revenue for Q1 2020 was CNY 116,068,051.73, a decrease of 48.6% compared to CNY 225,885,891.10 in Q1 2019[35] - The total operating costs for Q1 2020 were CNY 131,755,275.23, down from CNY 204,149,465.52 in the same period last year, reflecting a reduction of 35.4%[35] - The net profit for Q1 2020 was a loss of CNY 13,451,337.55, compared to a profit of CNY 19,143,475.38 in Q1 2019, indicating a significant decline in profitability[36] Cash Flow and Liquidity - The net cash flow from operating activities was a negative ¥22,597,479.96, an improvement of 24.42% compared to a negative ¥29,899,438.91 in the same period last year[7] - The company's cash and cash equivalents decreased by 37.64% to ¥34,229,051.51 from ¥54,886,436.00 due to reduced cash received from sales and the repayment of matured bank acceptance bills[15] - The cash flow from operating activities improved by 24.42%, with a net outflow of -¥22,597,479.96 compared to -¥29,899,438.91 in the previous year[15] - The company's cash and cash equivalents decreased to CNY 25,955,961.46 from CNY 30,591,750.95 at the end of 2019, a decline of 15.4%[31] - The total cash outflow from operating activities in Q1 2020 was ¥135,183,232.37, down from ¥238,626,540.03 in Q1 2019[44] - The net cash flow from investment activities was -8,151,847.21 CNY, compared to -5,885,558.96 CNY in the previous year, indicating a decrease in cash flow from investments[47] - The cash inflow from financing activities increased to 50,000,000.00 CNY, up from 30,000,000.00 CNY year-over-year, reflecting a stronger financing position[47] - The net cash flow from financing activities was 12,422,613.59 CNY, a significant improvement from -44,106,340.13 CNY in the same period last year[47] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,414,814,643.62, a decrease of 1.71% from ¥1,439,469,643.93 at the end of the previous year[7] - The total assets as of March 31, 2020, were CNY 1,488,927,975.74, a decrease from CNY 1,512,356,469.80 at the end of 2019[32] - The company's total liabilities as of March 31, 2020, were CNY 373,822,538.82, slightly down from CNY 379,769,217.92 at the end of 2019[32] - The total equity attributable to shareholders of the parent company was CNY 1,115,105,436.92, down from CNY 1,132,587,251.88 at the end of 2019[32] - The company's total liabilities amounted to 379,252,204.59 CNY, with current liabilities totaling 233,953,456.59 CNY[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,909[11] - The company's net assets attributable to shareholders at the end of the reporting period were ¥947,575,570.42, down 1.14% from ¥958,506,001.79 at the end of the previous year[7] - The company's equity attributable to shareholders was 958,506,001.79 CNY, with total equity reaching 1,060,217,439.34 CNY[50] Research and Development - The company's development expenses increased by 56.05% to ¥1,134,391.29 from ¥726,941.75, indicating a focus on R&D[15] - The company incurred research and development expenses of ¥3,378,260.81 in Q1 2020, a decrease of 16.06% from ¥4,024,250.01 in the previous year[39] Government Support - The company received government subsidies amounting to ¥1,958,502.68 during the reporting period[8] Other Financial Metrics - The company's inventory decreased by 24.29% to ¥111,598,046.89 from ¥147,450,859.46, suggesting improved inventory management[27] - The company's tax payable decreased by 76.91% to ¥2,595,966.99 from ¥11,244,599.17, primarily due to the payment of last year's tax liabilities[15] - The company's financial expenses decreased by 64.99% 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 in Q1 2020 from ¥14,346,129.02 in the previous year, reflecting a cost-cutting strategy[39] - The company experienced a significant increase in financial expenses, with interest expenses at ¥3,011,031.84 in Q1 2020, compared to ¥3,250,640.08 in Q1 2019[39] Audit and Reporting Standards - The company has not yet audited the first quarter report, indicating that the figures are preliminary[53] - The company has adopted new revenue and leasing standards starting in 2020, which may impact future financial reporting[48]