摩恩电气(002451) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥61,929,415.15, a decrease of 21.48% compared to ¥78,869,798.77 in the same period last year[10] - The net profit attributable to shareholders was -¥9,352,955.28, representing a decline of 116.32% from ¥57,317,546.35 in the previous year[10] - The basic earnings per share were -¥0.02, a decrease of 115.38% compared to ¥0.13 in the previous year[10] - The company's operating profit for Q1 2020 was -CNY 8,483,918.97, compared to CNY 68,587,931.70 in Q1 2019[44] - The total comprehensive income for Q1 2020 was -CNY 9,345,459.64, compared to CNY 57,300,814.64 in Q1 2019[44] Cash Flow - The net cash flow from operating activities was -¥33,750,965.93, down 158.04% from ¥58,147,718.72 in the same period last year[10] - The cash flow from operating activities for Q1 2020 was -CNY 33,750,965.93, a decrease from CNY 58,147,718.72 in the same period last year[51] - The total cash inflow from operating activities was CNY 176,813,691.74, compared to CNY 286,025,062.12 in Q1 2019, reflecting a decrease of 38.3%[51] - The net cash flow from operating activities for the first quarter was -17,214,086.49 CNY, a significant decrease compared to 87,636,938.67 CNY in the previous period[54] - The company incurred cash outflows of 49,215,728.97 CNY for operating activities, a decrease from 165,006,554.89 CNY in the previous period[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,157,177,658.36, a decrease of 3.99% from ¥1,205,288,818.38 at the end of the previous year[10] - The total liabilities decreased to CNY 578,488,446.26 from CNY 612,685,598.30 year-over-year[39] - Total assets as of March 31, 2020, were CNY 1,179,065,430.50, down from CNY 1,224,364,820.49 at the end of 2019[39] - Cash and cash equivalents decreased by 54% compared to the beginning of the period, mainly due to increased investment in subsidiaries and prepayments for raw materials[18] Operating Costs and Expenses - Operating costs decreased by 13.25% year-on-year, reflecting the decline in operating revenue[19] - Sales expenses decreased by 38.87% compared to the previous year, influenced by the reduction in operating revenue[19] - Tax and additional charges decreased by 89.90% year-on-year, mainly due to a reduction in value-added tax payable[19] - R&D expenses decreased by 72.12% compared to the same period last year, primarily due to delays in project investments caused by COVID-19[20] - The company reported a significant reduction in research and development expenses to CNY 574,300.84 from CNY 2,060,150.16[42] Investment Activities - Investment income decreased by 97.5% year-on-year, mainly due to reduced investment income from the cancellation of a subsidiary[20] - The net cash flow from investing activities decreased by 100.68% year-on-year, mainly due to the disposal of a wholly-owned subsidiary in the previous year[22] - The net cash flow from investing activities was -30,829,243.30 CNY, compared to 122,153,198.80 CNY in the previous period, indicating a decline in investment returns[56] - The cash inflow from investment activities was 0.00 CNY, compared to 128,340,600.00 CNY in the previous period, indicating no new investment recoveries[54] Borrowings and Financing - Net cash flow from financing activities increased by 84.33% year-on-year, primarily due to a reduction in borrowings from the actual controller[22] - Total cash inflow from financing activities was 287,050,000.00 CNY, an increase from 247,000,000.00 CNY in the previous period[56] - The company received 134,000,000.00 CNY in borrowings during the quarter, compared to 247,000,000.00 CNY in the previous period[56] Other Financial Metrics - The company recorded an asset impairment loss of CNY 7,875,720.79 in Q1 2020, indicating potential challenges in asset management[47] - The company did not undergo an audit for the first quarter report[58]