胜利精密(002426) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,952,053,258.21, a decrease of 40.64% compared to the same period last year[8]. - The net profit attributable to shareholders was ¥13,087,782.26, a significant increase of 107.67% from a loss of ¥170,685,464.06 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥87,957,897.25, improving by 52.48% from -¥185,077,241.94 year-on-year[8]. - The basic earnings per share were ¥0.0038, a recovery from a loss of ¥0.0496 in the same period last year, representing an increase of 107.66%[8]. - The weighted average return on net assets was 0.29%, an increase of 2.46% from -2.17% in the previous year[8]. - The net loss for the period was CNY -1,857,942,890.61, an improvement from CNY -2,290,242,246.30 in the previous year[65]. - The total profit for the current period is ¥32,795,357.96, while the previous period recorded a total loss of ¥196,386,764.37[71]. - The comprehensive income total for the current period is ¥7,296,658.52, compared to a comprehensive loss of ¥150,366,740.62 in the previous period[74]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥249,470,072.71, a slight decrease of 1.19% compared to the previous year[8]. - The cash flow from operating activities for the current period is ¥2,154,205,034.07, a decrease of 51.1% from ¥4,410,849,234.95 in the previous period[82]. - The total cash and cash equivalents at the end of the period amounted to 993,313,029.66, up from 680,318,209.83 in the previous period[88]. - The net cash flow from investing activities was 711,404,301.55, a significant improvement compared to -212,087,518.86 in the previous period[85]. - The net cash flow from financing activities was -590,586,443.27, worsening from -158,800,039.57 in the previous period[88]. - The cash inflow from operating activities totaled 386,104,253.71, down from 420,196,490.47 in the previous period[89]. - The cash outflow from operating activities was 396,835,587.89, significantly higher than 101,173,951.62 in the previous period[89]. Assets and Liabilities - The total assets at the end of the reporting period were ¥12,341,229,564.15, down 9.91% from the end of the previous year[8]. - Total assets as of March 31, 2020, were RMB 12.34 billion, down from RMB 13.70 billion at the end of 2019[52]. - Total liabilities decreased to RMB 7.76 billion from RMB 9.51 billion year-over-year[55]. - The company's equity capital remained stable at RMB 3.44 billion[55]. - The company has a negative retained earnings of CNY -3.16 billion as of January 1, 2020[99]. Shareholder Information - The total number of shareholders at the end of the reporting period was 145,794, with the largest shareholder holding 17.20% of the shares[11]. - The total equity attributable to shareholders increased to CNY 5,792,357,309.06 from CNY 5,360,057,953.37, a growth of 8.1%[65]. Operational Highlights - Operating revenue decreased by 1,336,488,145.90, a decline of 40.64%, mainly impacted by the pandemic, with Nanjing Dele contributing a reduction of 900 million[21]. - Operating costs decreased by 1,342,570,621.92, a decline of 44.68%, also influenced by the pandemic[21]. - The company reported non-operating income of ¥101,045,679.51 after tax adjustments[8]. - The company plans to transfer 100% equity of Suzhou Shonuo Automation Equipment Co., Ltd. for a price of RMB 40.22 million[36]. Research and Development - The company’s R&D expenses were CNY 60,647,823.53, down from CNY 109,482,144.66, a decrease of 44.6%[68]. - Research and development expenses for the current period amount to ¥17,086,659.37, indicating ongoing investment in innovation[75]. Taxation - Income tax expenses increased by 45,229,910.72, a growth rate of 183.16%, due to the company reporting profits compared to losses in the previous year[30]. - The company recorded a tax expense of ¥20,535,735.61 for the current period, compared to a tax benefit of ¥24,694,175.11 in the previous period[71]. Future Outlook - The company has ongoing construction projects valued at CNY 800.20 million, reflecting investment in future growth[96]. - The company is implementing new revenue and leasing standards starting in 2020, which may impact future financial reporting[105].