嘉欣丝绸(002404) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥618,136,228.57, a decrease of 31.55% compared to ¥903,006,849.79 in the same period last year[10] - The net profit attributable to shareholders was ¥27,783,693.59, down 30.99% from ¥40,262,698.58 year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥18,269,459.00, which represents a slight increase of 1.32% compared to ¥18,031,065.78 in the previous year[10] - The basic earnings per share decreased by 28.57% to ¥0.05 from ¥0.07 in the same period last year[10] - The diluted earnings per share also fell by 28.57% to ¥0.05 compared to ¥0.07 in the previous year[10] - The weighted average return on equity was 1.56%, down from 2.25% in the same period last year, a decrease of 0.69%[10] - The company's total revenue for the reporting period decreased by ¥284,870,621.22, a drop of 31.55%, mainly impacted by the COVID-19 pandemic[20] - The company's investment income decreased by ¥13,238,326.56, a decline of 84.29%, primarily due to significant disposal gains from the "Paradise Silicon Valley - Xianfu No. 1 Asset Management Plan" in the previous year[20] - The company's operating profit for Q1 2020 was CNY 38,644,448.00, a decline from CNY 50,553,411.94 in the prior year, reflecting a decrease of approximately 23.5%[48] - The total profit for Q1 2020 was CNY 39,503,577.17, compared to CNY 51,047,262.23 in the same period last year, indicating a decrease of about 22.5%[48] Cash Flow and Assets - The net cash flow from operating activities was ¥52,346,975.87, a decline of 18.08% from ¥63,898,313.57 in the same period last year[10] - The total assets at the end of the reporting period were ¥3,140,533,649.91, reflecting a growth of 3.78% from ¥3,026,048,198.91 at the end of the previous year[10] - The net cash flow from operating activities decreased by ¥11,551,337.70, a decline of 18.08%, primarily due to a year-on-year decrease in revenue leading to reduced sales receipts[20] - As of March 31, 2020, the company's cash and cash equivalents amounted to ¥576.71 million, an increase from ¥512.00 million as of December 31, 2019, representing a growth of 12.8%[38] - The company's trading financial assets increased significantly to ¥372.62 million from ¥149.13 million, marking a growth of 149.9%[38] - The total current assets reached ¥2.21 billion, up from ¥2.10 billion, reflecting an increase of 5.4%[38] - The company's total assets amounted to ¥3.14 billion, compared to ¥3.03 billion, indicating a growth of 3.8%[39] - Total cash inflow from operating activities was CNY 761,331,716.21, down 25.6% from CNY 1,023,127,750.73 year-on-year[55] - Cash outflow from operating activities totaled CNY 708,984,740.34, a decrease of 26.0% compared to CNY 959,229,437.16 in the previous year[55] Liabilities and Equity - The company's total liabilities decreased by ¥98,192,577.14, a reduction of 31.71%, mainly due to the payment of due goods[19] - The total liabilities were CNY 1,179,288,097.40, while total equity stood at CNY 1,846,760,101.51[66] - The total equity attributable to shareholders reached CNY 1,790,702,308.04, up from CNY 1,773,038,676.92[41] - The company's total liabilities to equity ratio is approximately 0.64, indicating a balanced capital structure[64] - The company has no long-term borrowings or bonds payable reported in the current liabilities section[64] Other Financial Metrics - The company reported non-recurring gains of ¥9,514,234.59 during the reporting period, including government subsidies and other income[11] - The company's other income increased by ¥1,114,855.62, a growth of 147.81%, mainly due to an increase in government subsidies[20] - The company's financial expenses decreased by ¥17,943,865.50, a decline of 131.13%, mainly due to increased exchange gains in the current period compared to significant losses in the previous year[20] - The company reported a fair value change gain of ¥0.58 million from foreign exchange trading activities during the first quarter of 2020[30] - The company has implemented strict internal evaluations and established a risk management system for financial derivatives trading, ensuring compliance with relevant laws and regulations[30] Shareholder Activities - The company has repurchased a total of 8,953,904 shares, accounting for approximately 1.55% of the total share capital, with a total transaction amount of ¥50,154,594.9[22] - The company has no reported violations regarding external guarantees during the reporting period[31] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[32] Compliance and Reporting - The company has not undergone an audit for the first quarter report[74] - The company is implementing new accounting standards for revenue and leasing effective from 2020[74] - The first quarter report is not subject to audit, indicating preliminary financial data[74]