棕榈股份(002431) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥284,532,120.21, a decrease of 35.62% compared to ¥441,958,706.25 in the same period last year[7] - The net profit attributable to shareholders was -¥225,253,581.89, representing a decline of 35.92% from -¥165,725,939.49 year-on-year[7] - The basic earnings per share were -¥0.15, a decrease of 36.36% compared to -¥0.11 in the same period last year[7] - The weighted average return on net assets was -5.04%, down from -3.04% year-on-year, indicating a worsening financial performance[7] - The company reported a net profit for the current period is a loss of $239.23 million, compared to a loss of $172.28 million in the previous period[46] - The company reported a total comprehensive loss of $232.08 million, compared to a loss of $180.60 million in the previous period[47] Cash Flow - The net cash flow from operating activities was -¥639,392,404.68, a significant drop of 252.44% compared to -¥181,417,653.46 in the previous year[7] - The cash inflow from operating activities totaled CNY 904,981,379.53, down from CNY 1,545,551,632.80 in the previous period, representing a decrease of approximately 41.4%[54] - The net cash flow from operating activities was negative at CNY -639,392,404.68, compared to CNY -181,417,653.46 in the prior period, indicating a worsening performance[54] - The cash outflow for purchasing goods and services was CNY 1,288,814,049.28, slightly down from CNY 1,303,171,763.37, indicating a marginal decrease of 1.1%[54] - The company experienced a net decrease in cash and cash equivalents of CNY -477,513,679.20, compared to a decrease of CNY -435,077,172.53 in the previous period, indicating a worsening cash position[55] Assets and Liabilities - The total assets at the end of the reporting period were ¥16,454,160,741.97, down 4.31% from ¥17,195,137,922.78 at the end of the previous year[7] - Total liabilities decreased from CNY 12,442,961,773.49 to CNY 11,934,065,659.81, a decrease of approximately 4.1%[38] - Current liabilities decreased from CNY 10,833,913,177.99 to CNY 10,585,585,324.00, a decline of about 2.3%[38] - The company's total equity decreased from CNY 4,752,176,149.29 to CNY 4,520,095,082.16, a reduction of approximately 4.9%[39] - The company's current assets totaled CNY 10,491,472,529.00, with a significant reduction in inventory by CNY 4,283,539,402.26, reflecting a shift to contract assets[63] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 84,227, with the top ten shareholders holding significant stakes in the company[11] Tax and Expenses - Operating tax expenses increased by 192.76% compared to the same period last year, primarily due to land value-added tax paid by the subsidiary in the Eco-town project[16] - The company experienced a significant increase in tax expenses, with taxes and additional charges rising to $13.64 million from $4.66 million[45] Research and Development - R&D expenses decreased by 56.15% year-on-year, mainly due to the slowdown in research progress caused by the pandemic[16] - Research and development expenses decreased to $13.25 million from $30.22 million, indicating a reduction in R&D investment[45] Investment Activities - Net cash flow from investing activities increased by 65.03% year-on-year, mainly due to a decrease in cash paid for equity investments compared to the same period last year[18] - The cash inflow from investment activities was CNY 32,065,936.78, a decrease from CNY 36,151,241.05 in the previous period, reflecting a decline of approximately 11.5%[54] Financing Activities - Net cash flow from financing activities increased by 717.41% year-on-year, primarily due to an increase in cash received from borrowings compared to the same period last year[18] - The company received CNY 1,836,723,300.00 in cash from borrowings, an increase from CNY 1,104,371,100.00 in the previous period, marking a growth of about 66.4%[55] Governance and Compliance - The company completed the election of the fifth board of directors and supervisory board on January 22, 2020[20] - The company has not conducted an audit for the first quarter report, which may affect the reliability of the financial data presented[65] - The company has implemented new revenue and lease accounting standards, which may impact future financial reporting[65]