隆基机械(002363) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥393,766,779.46, a decrease of 16.18% compared to ¥469,798,393.40 in the same period last year[9] - The net profit attributable to shareholders was ¥19,945,178.65, down 4.72% from ¥20,933,229.41 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥16,850,392.36, reflecting a decline of 12.48% from ¥19,253,678.19 in the previous year[9] - The basic earnings per share remained unchanged at ¥0.05, with a diluted earnings per share also at ¥0.05[9] - The weighted average return on equity was 0.84%, down from 0.90% in the previous year[9] - The company reported a total current liability of CNY 982,539,370.43, which is slightly higher than CNY 981,085,190.32 from the previous period[32] - The company's net profit attributable to shareholders increased to CNY 522,512,111.78 from CNY 502,566,933.13, marking a growth of about 4.0%[33] - The company experienced a tax expense of CNY 2,925,778.50 in Q1 2020, a decrease of 27.5% from CNY 4,029,510.08 in Q1 2019[40] Cash Flow - The net cash flow from operating activities was ¥58,553,745.48, a decrease of 11.70% compared to ¥66,314,238.04 in the same period last year[9] - Cash flow from operating activities was CNY 328,889,297.89, significantly lower than CNY 501,175,414.69 in the previous year, indicating a need for improved cash management[47] - The net cash flow from operating activities for Q1 2020 was CNY 96,097,717.85, an increase of 102.4% compared to CNY 47,469,871.04 in Q1 2019[51] - Total cash inflow from operating activities was CNY 385,410,625.79, down 28.0% from CNY 535,527,135.15 in the previous year[51] - Cash outflow from operating activities totaled CNY 289,312,907.94, a decrease of 40.7% compared to CNY 488,057,264.11 in Q1 2019[51] - The net cash flow from investing activities was CNY -7,797,694.85, an improvement from CNY -100,121,621.58 in the same period last year[51] - The net cash flow from financing activities was CNY 20,780,358.49, a turnaround from CNY -635,521.81 in Q1 2019[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,458,612,304.81, an increase of 0.61% from ¥3,437,787,919.62 at the end of the previous year[9] - Total liabilities reached CNY 1,012,570,738.39, showing a marginal increase from CNY 1,011,056,140.29 in the previous period[32] - The company's cash and cash equivalents increased to CNY 695,511,568.62 from CNY 648,971,302.56, indicating a growth of approximately 7.1%[34] - Accounts receivable decreased to CNY 333,378,205.23 from CNY 374,566,693.46, representing a decline of about 11.0%[34] - Total assets amounted to CNY 3,437,787,919.62, with current assets at CNY 2,155,061,295.89 and non-current assets at CNY 1,282,726,623.73[55] - Total equity attributable to shareholders reached CNY 2,359,847,606.08, with total equity amounting to CNY 2,426,731,779.33[56] Expenses and Costs - Management expenses decreased by 36.78% in the current period compared to the previous period, mainly due to reduced wages and social insurance benefits during the pandemic[17] - Financial expenses decreased by 176.42% in the current period compared to the previous period, primarily due to increased exchange gains[17] - Other income increased by 2587.44% in the current period compared to the previous period, mainly due to an increase in government subsidies received[17] - Total operating costs for Q1 2020 were CNY 377,292,376.87, down from CNY 446,769,309.09 in Q1 2019, reflecting a cost reduction strategy[39] - Research and development expenses for Q1 2020 were CNY 2,550,469.64, a decrease of 23.5% compared to CNY 3,338,479.21 in Q1 2019[39] Other Key Information - The company reported non-recurring gains of ¥3,094,786.29 during the reporting period[10] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[25] - The company reported a reclassification of pre-revenue items to contract liabilities, with no impact on total assets, liabilities, or equity[59] - The company has adopted new revenue and leasing standards starting in 2020, with no retrospective adjustments to prior data[60] - The first quarter report for 2020 was not audited[60]