太极股份(002368) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,365,389,807.96, a decrease of 12.44% compared to ¥1,559,319,100.54 in the same period last year[9] - Net profit attributable to shareholders was ¥14,019,752.87, down 27.82% from ¥19,422,314.37 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥9,732,004.53, reflecting a decline of 31.27% compared to ¥14,159,934.39 in the previous year[9] - Basic and diluted earnings per share were both ¥0.0340, a decrease of 29.31% from ¥0.0481 year-on-year[9] - The company reported a 102.80% increase in income tax expenses to ¥10,763,738.75 from ¥5,307,482.31, driven by increased profits and reduced deferred tax assets from subsidiaries[22] - Net profit for the current period is CNY 13,219,647.37, compared to CNY 15,629,135.91 in the previous period, indicating a decline of approximately 15.4%[63] - The net profit for the current period is 68,469,887.73, compared to 46,783,176.62 in the previous period, representing an increase of approximately 46.3%[73] - The total profit for the current period is 78,673,080.23, up from 51,913,326.98 in the previous period, indicating a growth of about 51.6%[73] Cash Flow - The net cash flow from operating activities was -¥899,983,705.39, showing a slight improvement of 1.06% from -¥909,658,227.80 in the same period last year[9] - The net cash flow from investing activities improved by 70.43% to -¥34,986,510.31 from -¥118,314,831.07, primarily due to reduced fixed asset expenditures[25] - The net cash flow from financing activities improved by 47.81% to -¥75,194,980.20 from -¥144,081,456.12, mainly due to increased borrowings[25] - The cash inflow from operating activities is 870,327,047.71, down from 958,414,207.66 in the previous period, a decrease of about 9.2%[74] - The cash outflow from operating activities totals 1,770,310,753.10, compared to 1,868,072,435.46 in the previous period, a decrease of approximately 5.2%[77] - The cash inflow from financing activities is 575,000,000.00, up from 200,000,000.00 in the previous period, indicating a significant increase of 187.5%[79] - The net cash flow from financing activities is -75,194,980.20, an improvement from -144,081,456.12 in the previous period[79] - The net increase in cash and cash equivalents was -$322.46 million, compared to -$626.74 million in the previous period[84] - The ending balance of cash and cash equivalents was $773.33 million, down from $1,095.79 million at the beginning of the period[84] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,089,857,579.18, down 5.31% from ¥10,656,021,786.93 at the end of the previous year[9] - The total current assets decreased to ¥7,277,581,102.41 from ¥7,876,937,421.85, reflecting a decline in cash and inventory levels[39] - Current liabilities decreased to ¥5,779,852,891.79 from ¥6,368,030,932.17, a reduction of about 9.2%[45] - Total liabilities decreased to ¥6,653,648,877.42 from ¥7,233,032,732.54, indicating a decline of approximately 8.0%[45] - Total equity increased to CNY 2,773,961,455.27 from CNY 2,705,491,567.54, marking an increase of approximately 2.5%[55] - The company's total liabilities amount to CNY 5,475,236,117.70, a decrease from CNY 5,635,638,680.79, representing a reduction of about 2.8%[55] Expenses - Development expenses increased by 35.55% to ¥164,140,250.62 from ¥121,093,253.38, mainly due to increased R&D spending[22] - Financial expenses rose by 109.12% to ¥14,523,935.90 from ¥6,945,100.55, attributed to increased convertible bond interest accruals[22] - Research and development expenses for the current period are CNY 24,062,653.53, down from CNY 28,331,417.94, indicating a reduction of approximately 15.5%[60] Shareholder Information - The top shareholder, North China Computer Technology Research Institute, holds 38.97% of the shares, totaling 160,841,120 shares[13] - The company received government subsidies amounting to ¥5,548,490.02 during the reporting period[9] - The company received approval from the China Securities Regulatory Commission for the exemption of the mandatory tender offer obligation related to the transfer of 33.20% equity from its controlling shareholder[26] Other Information - The company did not apply the new revenue and leasing standards for the first quarter of 2020[85] - The first quarter report was not audited[87]