盛路通信(002446) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥246,616,036.43, a decrease of 39.04% compared to ¥404,543,670.67 in the same period last year[8] - The net profit attributable to shareholders for Q1 2020 was ¥5,351,673.03, down 92.05% from ¥67,347,118.24 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,615,662.24, a decline of 93.85% compared to ¥58,827,122.53 in the previous year[8] - Basic earnings per share for Q1 2020 were ¥0.01, down 87.50% from ¥0.08 in the previous year[8] - The net profit for the first half of 2020 is expected to decline by over 50% year-on-year, with a projected range of 25 million to 35 million yuan[25] - The total profit for the period was 9,920,377.15, a decrease of 67.3% compared to 30,334,546.78 in the previous period[70] - The net profit for the period was 8,580,969.69, down 66.9% from 25,889,637.63 in the previous period[70] Cash Flow - The net cash flow from operating activities was -¥30,646,806.42, a significant decrease of 517.71% from ¥7,336,785.46 in the same period last year[8] - Cash received from sales decreased by 37.51% in Q1 2020 compared to Q1 2019, primarily due to delays in customer operations caused by the pandemic[21] - Cash inflow from operating activities was 305,943,425.68, a decline of 36.5% from 481,738,462.21 in the previous period[74] - Cash outflow from operating activities totaled 336,590,232.10, down 29.1% compared to 474,401,676.75 in the previous period[77] - The net cash flow from investment activities was 37,596,150.54, a significant improvement from -156,311,527.77 in the previous period[77] - The company reported a net cash flow from financing activities of -¥14.07 million, compared to a positive inflow of ¥222.76 million in the previous period[83] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,374,917,920.07, a decrease of 2.88% from ¥4,504,753,061.09 at the end of the previous year[8] - Total liabilities decreased from ¥1,695,498,899.52 to ¥1,547,729,718.58, a decline of about 8.7%[44] - Current liabilities decreased from ¥1,350,507,327.54 to ¥1,224,207,116.99, a reduction of approximately 9.3%[44] - Total current assets increased to approximately ¥2.70 billion from ¥2.65 billion, indicating a growth in liquidity[87] - The company's total assets were reported at approximately ¥4.50 billion, unchanged from the previous reporting period[90] - The total liabilities remained stable at approximately ¥1.70 billion, with current liabilities accounting for about ¥1.35 billion[90] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 82,900[11] - The top shareholder, Yang Hua, held 11.59% of the shares, amounting to 104,284,571 shares[11] Research and Development - R&D expenses increased by 41.44% in Q1 2020 compared to Q1 2019, due to increased investment in research and development[20] - Research and development expenses for the current period are CNY 29,792,154.50, up from CNY 21,063,779.88 in the previous period, indicating an increase of about 42%[59] Other Financial Metrics - Financial expenses increased by 430.69% in Q1 2020 compared to Q1 2019, primarily due to a rise in interest expenses[20] - The company reported a financial expense of CNY 3,371,050.12, compared to a financial income of CNY -1,019,387.68 in the previous period, marking a significant shift[59] - The company has a significant amount of goodwill recorded at approximately ¥877.13 million, reflecting its acquisitions strategy[87] - The company’s retained earnings showed a negative balance of approximately -¥222.62 million, highlighting potential challenges in profitability[90]