中超控股(002471) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥713,423,157.77, a decrease of 59.82% compared to ¥1,775,395,096.30 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥94,193,148.23, representing a decline of 1,189.77% from a profit of ¥8,643,377.35 in the previous year[8] - Year-to-date revenue decreased by ¥1,061,971,938.53, a decline of 59.82%, primarily due to the exclusion of four subsidiaries from the consolidation scope and significant sales revenue reduction caused by the pandemic[13] - Year-to-date operating costs decreased by ¥934,282,757.73, a decline of 59.85%, attributed to the same reasons as revenue[14] - Year-to-date tax and additional charges decreased by ¥4,259,680.64, a decline of 56.35%, mainly due to the exclusion of subsidiaries and reduced sales revenue[15] - Year-to-date sales expenses decreased by ¥27,799,838.37, a decline of 58.30%, due to the exclusion of subsidiaries and reduced shipping costs from lower shipments[18] - Year-to-date management expenses decreased by ¥13,066,411.53, a decline of 36.14%, primarily due to the exclusion of subsidiaries and delayed operations[18] - Year-to-date R&D expenses decreased by ¥16,754,095.93, a decline of 32.39%, mainly due to the exclusion of subsidiaries[19] - Year-to-date financial expenses decreased by ¥17,935,166.58, a decline of 34.13%, attributed to the exclusion of subsidiaries[19] - The estimated net profit for the first half of 2020 is projected to be between -84 million and -42 million RMB, compared to a net profit of 42.55 million RMB in the same period of 2019[28] - The decrease in revenue is attributed to the disposal of four subsidiaries, which will no longer be included in the consolidated financial statements, leading to a significant reduction in net profit[28] - The company experienced substantial investment losses due to the disposal of its stake in Henghui Cable in the first quarter of 2020[28] - The COVID-19 pandemic has negatively impacted the company's revenue, resulting in a decrease in net profit for the first half of 2020 compared to the previous year[28] Cash Flow - The net cash flow from operating activities was negative at ¥147,083,851.39, a decrease of 183.54% compared to ¥176,057,147.42 in the same period last year[8] - Year-to-date net cash flow from operating activities decreased by ¥323,140,998.81, a decline of 183.54%, due to a significant reduction in cash received from sales[21] - Year-to-date net cash flow from investing activities increased by ¥31,060,006.92, an increase of 531.58%, primarily from cash received from the disposal of a subsidiary[21] - Cash flow from operating activities showed a net outflow of -147,083,851.39 CNY, compared to a net inflow of 176,057,147.42 CNY in the previous year[58] - The company reported a cash inflow from investment activities of 64,420,441.44 CNY, compared to 1,177,000.00 CNY in the previous year[58] - Cash flow from financing activities resulted in a net outflow of -50,456,927.30 CNY, an improvement from -233,164,997.07 CNY in Q1 2019[59] - The net cash flow from investment activities was 12,148,943.50, compared to a negative cash flow of -1,596,500.00 in the previous period[62] - The total cash inflow from financing activities was 829,439,253.62, down from 1,293,782,000.00 in the previous period[62] - The net cash flow from financing activities was 68,467,534.79, compared to a negative cash flow of -44,853,165.47 in the previous period[62] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,618,871,869.97, down 12.14% from ¥6,395,048,864.49 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 6.30% to ¥1,352,143,789.04 from ¥1,443,115,112.02 at the end of the previous year[8] - Total current assets decreased from 4,796,774,577.32 to 4,183,086,657.09, a decline of approximately 12.8%[39] - Cash and cash equivalents decreased from 940,304,874.73 to 759,686,591.72, a reduction of about 19.2%[39] - Accounts receivable decreased from 2,505,930,901.88 to 2,120,888,336.32, representing a decrease of approximately 15.4%[39] - Total non-current assets decreased from 1,598,274,287.17 to 1,435,785,212.88, a decline of about 10.2%[40] - Total current liabilities decreased from 4,133,262,053.12 to 3,662,125,740.44, a decline of about 11.4%[41] - Total liabilities decreased from 4,669,925,616.69 to 4,188,382,751.81, representing a decrease of approximately 10.3%[41] - Total equity decreased from 1,725,123,247.80 to 1,430,489,118.16, a decline of about 17.1%[42] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 92,296[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Corporate Governance - The company has committed to ensuring the independence of its operations and protecting the interests of minority shareholders during its control period[26] - The company has made a commitment to avoid engaging in any business that competes with its controlling entity, Zhongchao Holdings[26] - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[33] - The company has not engaged in any securities investments during the reporting period[29] - The company has not conducted any derivative investments during the reporting period[31] - The company has not engaged in any entrusted financial management during the reporting period[30] Other Financial Metrics - Basic and diluted earnings per share for Q1 2020 were both -0.0743, compared to 0.0068 in the previous period[51] - The company reported an investment loss of CNY 58,691,600.64 in Q1 2020, compared to a gain of CNY 4,266,708.55 in the previous period[49] - The total comprehensive income for Q1 2020 was a loss of CNY 92,247,698.63, compared to a profit of CNY 11,644,764.21 in the previous period[51] - The company recorded a credit impairment loss of -8,673,605.49 CNY, which was higher than -5,163,588.37 CNY in the previous year[54] - The company did not apply the new revenue and leasing standards for the first quarter of 2020[63] - The first quarter report was not audited[64]