金正大(002470) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥2,591,778,373.64, a decrease of 40.95% compared to ¥4,389,379,138.74 in the same period last year[9] - The net profit attributable to shareholders was ¥26,080,852.94, down 90.49% from ¥274,153,787.94 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥19,962,935.83, a decline of 92.38% compared to ¥262,045,430.36 in the previous year[9] - Basic and diluted earnings per share were both ¥0.010, down 87.50% from ¥0.08 in the previous year[9] - Operating revenue decreased by 40.95% compared to the same period last year, primarily due to the significant impact of the COVID-19 pandemic[20] - Operating costs decreased by 41.30% compared to the same period last year, reflecting the decline in operating revenue[20] - Research and development expenses decreased by 62.36% compared to the same period last year, indicating a reduction in R&D investment[20] - Operating profit for Q1 2020 was CNY 49,370,675.51, a decrease from CNY 317,537,318.70 in the same period last year[42] - Net profit for Q1 2020 was CNY 32,981,867.02, down from CNY 261,613,503.64 in the previous year[42] - The total comprehensive income for Q1 2020 was CNY 32,560,466.11, compared to CNY 245,080,993.44 in the same period last year[43] Cash Flow - The net cash flow from operating activities was -¥796,543,266.24, an improvement of 42.52% from -¥1,385,871,960.12 in the same period last year[9] - Net cash flow from operating activities improved by 589,328,693.88 yuan compared to the same period last year, as the decline in cash paid for operating activities was greater than the decline in cash received[22] - Total cash inflow from operating activities was 2,973,749,957.83 yuan, down from 4,184,794,287.22 yuan, representing a decrease of 29%[48] - Cash outflow for purchasing goods and services was 3,194,477,233.17 yuan, compared to 4,883,708,955.48 yuan in the previous period, a decrease of 34.6%[48] - Cash inflow from financing activities was 1,858,158,544.30 yuan, an increase of 40% from 1,328,057,805.56 yuan in the previous period[51] - The net cash flow from financing activities was 1,008,014,658.72 yuan, up from 938,094,762.07 yuan, showing a growth of 7.7%[51] - The ending balance of cash and cash equivalents was 406,963,117.74 yuan, down from 1,549,913,126.42 yuan, a decline of 73.8%[51] - Cash outflow for employee payments was 258,934,616.65 yuan, slightly lower than 271,839,000.93 yuan in the previous period, a decrease of 4.5%[50] - Cash outflow for taxes paid was 11,685,084.27 yuan, significantly lower than 146,632,717.52 yuan, a decrease of 92%[50] - The cash flow from investment activities was -697,832,279.97 yuan, worsening from -304,420,958.38 yuan, indicating a 129% increase in cash outflow[50] - The cash flow from operating activities netted a total of -940,045,618.90 yuan, compared to -1,065,481,401.30 yuan, reflecting a 11.8% improvement[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥21,822,008,920.51, down 4.29% from ¥22,801,048,957.64 at the end of the previous year[9] - Current assets decreased to CNY 10,632,073,459.84 from CNY 11,026,926,548.90[35] - Total liabilities increased to CNY 11,945,997,863.05 from CNY 11,083,601,284.50[34] - Non-current assets totaled CNY 9,251,562,504.59, slightly down from CNY 9,263,304,699.78[34] - Short-term borrowings rose to CNY 4,165,327,116.11 from CNY 3,114,721,722.20[34] - The total amount of accounts receivable stood at CNY 894.16 million, highlighting the company's credit exposure[56] - The company reported a significant amount of inventory at CNY 5.61 billion, indicating a strong stock position[56] - The company has a long-term investment of CNY 99.77 million, indicating its commitment to strategic investments[56] Shareholder Information - The net assets attributable to shareholders were ¥9,817,726,496.79, an increase of 0.81% from ¥9,738,516,305.43 at the end of the previous year[9] - The total number of shareholders at the end of the reporting period was 76,862[13] - The total equity attributable to shareholders of the parent company was CNY 9,817,726,496.79, compared to CNY 9,738,516,305.43[35] - The company reported a net profit of CNY 4,167,587,996.62 in retained earnings, up from CNY 4,087,562,039.09[35] Financial Standards and Reporting - The company is implementing new revenue and leasing standards starting in 2020, which may impact future financial reporting[60] - The company has not yet audited the first quarter report, indicating a potential area for future scrutiny[60]