新北洋(002376) - 2020 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2020 was CNY 416,239,317.46, a decrease of 24.64% compared to CNY 552,366,893.06 in the same period last year[7] - Net profit attributable to shareholders was CNY 15,081,099.44, down 78.56% from CNY 70,342,238.81 year-on-year[7] - Net profit excluding non-recurring items was CNY 9,184,374.17, representing an 85.66% decline from CNY 64,066,641.19 in the previous year[7] - Basic and diluted earnings per share were both CNY 0.02, down 81.82% from CNY 0.11[7] - The company reported a net profit of CNY 35,721,085.60, an increase from CNY 25,725,779.93 in the previous period[41] - The total profit for the quarter was CNY 30.88 million, a decline of 65.1% compared to CNY 87.96 million in Q1 2019[43] - The comprehensive income total for the quarter was CNY 24.99 million, a decrease of 66.5% from CNY 74.46 million in the previous year[43] Cash Flow - The net cash flow from operating activities improved to -CNY 16,847,862.03, a 70.08% increase compared to -CNY 56,302,222.15 in the same period last year[7] - Cash received from sales of goods and services was CNY 484.60 million, compared to CNY 452.20 million in the previous period[48] - The total cash inflow from operating activities was 533,162,695.23 CNY, an increase from 480,029,628.92 CNY in the previous year[49] - The cash flow from sales of goods and services was 195,542,967.82 CNY, down from 221,485,307.94 CNY in the previous year[51] - The net cash flow from investment activities was -657,698,329.82 CNY, significantly worse than -46,538,916.57 CNY in the previous year[49] - The net cash flow from financing activities was -39,969,795.41 CNY, worsening from -15,803,054.07 CNY in the previous year[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,695,496,723.64, a decrease of 4.56% from CNY 5,967,615,177.86 at the end of the previous year[7] - Total liabilities decreased to CNY 1,300,058,669.61 from CNY 1,449,677,906.11[38] - Total liabilities amounted to CNY 2,100,027,624.67, with current liabilities at CNY 1,356,063,751.72 and non-current liabilities at CNY 743,963,872.95[56] - The total assets of the company were reported at CNY 5,967,615,177.86, with current assets totaling CNY 1,982,072,099.45 and non-current assets at CNY 2,458,709,467.16[58] Shareholder Information - The top shareholder, Weihai Beiyang Electric Group Co., Ltd., holds 13.93% of shares, totaling 92,738,540 shares[11] - The total number of ordinary shareholders at the end of the reporting period was 35,876[11] - Net assets attributable to shareholders increased by 0.42% to CNY 3,582,343,106.48 from CNY 3,567,280,237.55[7] - Total equity reached CNY 3,867,587,553.19, including CNY 1,422,773,338.16 in undistributed profits[56] Expenses and Investments - Total operating costs for Q1 2020 were CNY 441,128,497.47, compared to CNY 504,478,726.01 in the previous period[41] - Research and development expenses increased to CNY 85,532,932.96 from CNY 70,550,640.64 year-over-year[41] - Financial expenses decreased by 66.27% compared to the same period last year, mainly due to the impact of exchange rate fluctuations[16] - The company incurred a financial expense of CNY 6.32 million, slightly down from CNY 6.83 million in the previous year[44] - Investment income increased by 38.85% compared to the same period last year, with total investment income of 35.30 million, an increase of 10.79 million year-on-year[16] - The company reported an increase in investment income from joint ventures to CNY 33.38 million, up from CNY 24.52 million year-on-year[45] Government Support and Regulatory Changes - The company received government subsidies amounting to CNY 8,024,080.11 during the reporting period[8] - The company has implemented new revenue and lease standards starting in 2020, which may affect future financial reporting[60] - The company has not undergone an audit for the first quarter report, indicating that the figures are unaudited[60] Inventory and Receivables - The company’s inventory increased to CNY 177,006,816.69 from CNY 160,127,321.98[35] - The total amount of accounts receivable was CNY 333,014,520.81, highlighting the company's credit management[58]