兴民智通(002355) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥254,663,177, a decrease of 53.11% compared to ¥543,139,616 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥33,098,793, representing a decline of 278.74% from a profit of ¥18,517,672 in the previous year[8]. - The net cash flow from operating activities was negative at ¥27,036,463, a decrease of 294.69% compared to ¥13,887,224 in the same period last year[8]. - The estimated net profit for the first half of 2020 is projected to be between -30 million and -10 million RMB, compared to a net profit of 21.04 million RMB in the same period of 2019, indicating a significant decline due to the impact of COVID-19 on the automotive market[17]. - Net loss for Q1 2020 was ¥38,272,772.40, compared to a net profit of ¥29,210,403.36 in Q1 2019[36]. - Operating revenue for the current period is ¥237,013,489.88, a decrease of 48.9% from ¥462,599,145.58 in the previous period[39]. - Operating profit for the current period is -¥19,715,357.36, compared to a profit of ¥1,376,235.83 in the previous period[40]. - Net profit for the current period is -¥13,610,481.49, a significant decline from a profit of ¥1,628,248.66 in the previous period[40]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,602,282,329, down 3.69% from ¥4,778,741,325 at the end of the previous year[8]. - The company's total assets decreased from ¥4,778,741,325.28 at the end of 2019 to ¥4,602,282,329.23 by March 31, 2020[28]. - The total current assets as of March 31, 2020, amount to 3,025,465,710.79 RMB, a decrease from 3,233,176,309.99 RMB as of December 31, 2019[27]. - The total liabilities decreased from 1,801,585,771.60 RMB at the end of 2019 to 1,652,506,281.51 RMB by March 31, 2020[29]. - The company's total liabilities decreased to ¥1,422,186,043.92 from ¥1,657,179,607.87, a reduction of 14.2%[33]. - The company's long-term borrowings decreased significantly from 247,000,000.00 RMB at the end of 2019 to 47,000,000.00 RMB by March 31, 2020[29]. Cash Flow - Cash flow from operating activities shows a net outflow of -¥27,036,463.69, compared to a net inflow of ¥13,887,224.08 in the previous period[42]. - The net cash flow from operating activities for Q1 2020 was -32,681,932.48 CNY, a significant decrease compared to 139,331.67 CNY in the same period last year[46]. - Cash flow from investing activities has a net inflow of ¥88,587,185.99, down from ¥115,860,797.16 in the previous period[43]. - Cash flow from financing activities results in a net outflow of -¥71,116,036.36, compared to a net inflow of ¥2,161,634.34 in the previous period[43]. - The total cash and cash equivalents at the end of the period is ¥384,948,220.44, down from ¥562,918,408.52 at the end of the previous period[43]. Research and Development - Research and development expenses increased by 99.32% year-on-year, indicating a significant investment in technology and innovation[15]. - Research and development expenses increased to ¥17,268,965.76 in Q1 2020, up 99.0% from ¥8,663,839.40 in Q1 2019[36]. - Research and development expenses decreased significantly to ¥1,416.89 from ¥50,972.34 in the previous period[39]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,503[11]. - The largest shareholder, Sichuan Shengbang Chuangheng Enterprise Management Co., Ltd., held 27.05% of the shares, totaling 167,848,000 shares[11]. Inventory and Receivables - Accounts receivable decreased from 517,489,214.36 RMB at the end of 2019 to 467,062,178.10 RMB by March 31, 2020[27]. - Inventory increased from 1,265,061,751.30 RMB at the end of 2019 to 1,340,087,665.69 RMB by March 31, 2020, indicating a rise in stock levels[27]. - The company reported a decrease in inventory to ¥977,610,207.98 from ¥947,084,389.52, reflecting a 3.2% increase[32]. Financial Ratios - The weighted average return on net assets was -1.18%, a decrease of 1.84% compared to 0.66% in the previous year[8]. - Basic and diluted earnings per share for Q1 2020 were both -¥0.05, compared to ¥0.03 in Q1 2019[37]. Other Information - The company has no overdue commitments or guarantees during the reporting period[21]. - The report was issued by the legal representative Gao Henan on April 28, 2020[56]. - The first quarter report was not audited, indicating preliminary financial results[55]. - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting[47].