垒知集团(002398) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥453,247,465.15, representing a decrease of 25.21% compared to ¥606,003,097.43 in the same period last year[8]. - Net profit attributable to shareholders was ¥52,904,936.08, down 40.80% from ¥89,369,702.23 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥45,171,891.01, a decline of 46.37% compared to ¥84,223,526.10 in the previous year[8]. - Basic earnings per share decreased by 38.46% to ¥0.08 from ¥0.13 in the same period last year[8]. - The total comprehensive income for the first quarter was CNY 40,257,074.56, significantly lower than CNY 92,748,116.32 from the previous year, a decline of about 56.6%[46]. - Operating profit for the first quarter was CNY 62,979,264.91, down from CNY 108,273,661.46, reflecting a decrease of about 41.6%[45]. - The company reported a decrease in accounts receivable to CNY 1,806.63 million from CNY 1,934.72 million at the end of 2019[35]. - The company recorded investment income of CNY 7,585,212.42, down from CNY 8,946,829.72, representing a decrease of approximately 15.2%[44]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,173,283,158.19, down 6.20% from ¥4,449,050,592.32 at the end of the previous year[8]. - Current liabilities decreased to CNY 1,204,450,449.57 from CNY 1,517,147,522.38[37]. - Total liabilities decreased to CNY 1,232,468,500.60 from CNY 1,550,532,748.36[37]. - Non-current assets totaled CNY 1,324,500,931.70, slightly down from CNY 1,338,923,412.00[38]. - The company reported a total current asset of CNY 466,568,336.44, with non-current assets totaling CNY 959,649,343.98[63]. - The company’s total liabilities as of January 1, 2020, were CNY 217,886,181.68, with total equity of CNY 1,208,331,498.74[63]. Cash Flow - The company reported a net cash flow from operating activities of -¥119,566,136.48, slightly worse than -¥116,900,083.55 in the same period last year[8]. - Cash inflow from operating activities totaled CNY 634,326,526.92, an increase from CNY 583,525,796.52 in the previous period[52]. - The total cash outflow for operating activities was 753,892,663.40 CNY, while the cash inflow was only 634,326,526.92 CNY, leading to a negative cash flow situation[53]. - The cash inflow from investment activities was 133,020,705.87 CNY, compared to 102,705,837.18 CNY in the previous period, showing a significant increase of approximately 29.5%[54]. - The net cash flow from financing activities increased by 20,081,232.92 RMB, a growth of 91.16%, mainly due to the recovery of bank bill guarantees and increased subscription deposits[19]. Shareholder Information - The total number of shareholders at the end of the reporting period was 21,848[12]. - Major shareholder Cai Yongtai held 17.58% of the shares, with 91,284,020 shares pledged[12]. - The company’s total equity held by the top 10 unrestricted shareholders includes significant stakes from major shareholders, with the largest holding being 30,521,505 shares[14]. Research and Development - Research and development expenses increased by 10,861,982.17 RMB, a growth of 82.92%, due to increased investment in R&D projects[19]. - Research and development expenses increased to CNY 23,961,896.60 from CNY 13,099,914.43, marking an increase of approximately 83.5%[44]. Future Outlook - The company plans to implement a non-public offering of shares in 2020, aiming to raise no more than 440 million RMB, with a maximum issuance of 75,731,494 shares[20]. - The net profit attributable to shareholders for the first half of 2020 is expected to range from CNY 164.86 million to CNY 226.68 million, representing a decrease of 20.00% to an increase of 10.00% compared to CNY 206.08 million in the same period of 2019[23]. - The company anticipates that the increase in raw material prices for water-reducing agents will negatively impact the gross profit margin due to delayed adjustments in product pricing[23]. - Severe flooding in multiple provinces has hindered the recovery of construction projects, leading to lower-than-expected business volume growth in recent months[23].