远东传动(002406) - 2020 Q1 - 季度财报

Financial Performance - Revenue for Q1 2020 was CNY 335,606,861.88, a decrease of 28.25% compared to CNY 467,762,836.66 in the same period last year[8] - Net profit attributable to shareholders was CNY 49,692,514.38, down 23.22% from CNY 64,722,167.18 year-on-year[8] - Net profit excluding non-recurring gains and losses was CNY 35,196,178.91, reflecting a decline of 34.88% from CNY 54,044,165.41 in the previous year[8] - Basic earnings per share were CNY 0.09, down 25.00% from CNY 0.12 in the previous year[8] - Total operating revenue for Q1 2020 was CNY 335.61 million, a decrease of 28.3% compared to CNY 467.76 million in Q1 2019[38] - Net profit attributable to shareholders for Q1 2020 was CNY 39.29 million, compared to CNY 70.19 million in Q1 2019, reflecting a decline of 44.1%[39] - The total profit for Q1 2020 was CNY 57.08 million, a decrease of 26.6% from CNY 77.92 million in Q1 2019[41] - The operating profit for Q1 2020 was CNY 58.37 million, down 25.5% from CNY 78.33 million in the same period last year[41] - The company reported a total comprehensive income of CNY 49.70 million for Q1 2020, down from CNY 64.76 million in the same period last year[41] Cash Flow - Net cash flow from operating activities was CNY 56,647,976.31, a decrease of 43.05% compared to CNY 99,477,543.21 in the same quarter last year[8] - The cash flow from operating activities for Q1 2020 was CNY 56.65 million, a decrease of 43.1% compared to CNY 99.48 million in Q1 2019[48] - The cash inflow from operating activities totaled ¥306,396,094.77, a slight decrease of 3.9% from ¥318,760,069.02 in the previous year[51] - The cash outflow for purchasing goods and services was ¥183,238,074.33, which increased by 14.7% compared to ¥159,722,984.17 in the previous year[51] - The cash inflow from investment activities was ¥70,980,476.71, while cash outflow was ¥7,933,178.11, resulting in a net cash flow of -¥7,933,178.11[49] - The net cash flow from investment activities decreased significantly from ¥62,256,869.02 in the previous year to -¥10,520,395.89 this quarter[52] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,070,271,329.66, an increase of 1.13% from CNY 4,024,908,525.68 at the end of the previous year[8] - The company's total assets as of March 31, 2020, amounted to CNY 4.14 billion, an increase from CNY 4.08 billion at the end of 2019[36] - Total liabilities were CNY 1.38 billion as of March 31, 2020, compared to CNY 1.36 billion at the end of 2019, indicating a slight increase[36] - The company's cash and cash equivalents stood at CNY 959.90 million, up from CNY 910.01 million at the end of 2019[35] - Total cash and cash equivalents at the end of the period reached ¥1,010,484,602.92, up from ¥539,540,643.15 at the end of the previous year, representing an increase of 87.3%[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,520[11] - The largest shareholder, Liu Yansheng, holds 27.84% of the shares, totaling 156,194,787 shares[11] Operating Costs and Expenses - Operating costs decreased by 30.21% year-on-year, primarily due to a reduction in operating income caused by the pandemic[16] - Total operating costs for Q1 2020 were CNY 296.32 million, down 25.5% from CNY 397.57 million in the same period last year[39] - Research and development expenses for Q1 2020 were CNY 20.62 million, slightly up from CNY 20.29 million in Q1 2019[39] - The company's research and development expenses for Q1 2020 were CNY 16.78 million, slightly up from CNY 16.38 million in the previous year[43] - Financial expenses increased by 3824.67% year-on-year, primarily due to the amortization of convertible bond interest[17] - The financial expenses for Q1 2020 were CNY 5.90 million, significantly higher than CNY 0.26 million in Q1 2019[43] Other Financial Metrics - The company reported non-recurring gains of CNY 14,496,335.47 during the reporting period[10] - The company recorded an asset disposal gain of CNY 89,412.69 in Q1 2020, compared to CNY 130,337.22 in the previous year[40] - The company's retained earnings increased to CNY 1.10 billion as of March 31, 2020, compared to CNY 1.05 billion at the end of 2019, reflecting a growth of 4.5%[33] Operational Changes - Accounts receivable decreased by 43.93% compared to the beginning of the period, mainly due to the maturity and payment of notes during the reporting period[16] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets decreased by 72.71% year-on-year, attributed to a slowdown in fixed asset purchases due to COVID-19[16] - Prepayments increased by 42.98% compared to the beginning of the period, mainly due to an increase in advance payments for materials[17] - Long-term equity investments increased by 100.17% compared to the beginning of the period, due to additional investments in joint ventures during the reporting period[17] Audit and Accounting Practices - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[53] - The company has not applied new revenue and leasing standards for the current year, indicating continuity in accounting practices[53]