辉丰股份(002496) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥261,656,119.30, representing a decrease of 42.37% compared to ¥453,989,852.13 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥75,549,536.97, a decline of 766.48% from a profit of ¥11,335,610.93 in the previous year[8] - The basic earnings per share were -¥0.050, down 725.00% from ¥0.008 in the same period last year[8] - Operating revenue decreased by 42.37% to ¥261,656,119.30, primarily due to production halts and the impact of COVID-19[16] - The company reported a total comprehensive loss of CNY 85,711,773.67 for Q1 2020, compared to a comprehensive income of CNY 4,211,221.31 in the same period last year[48] - Net profit for Q1 2020 was a loss of CNY 85,786,111.94, compared to a profit of CNY 4,700,392.64 in the same period last year[47] - The net profit for the first quarter of 2020 was -31,158,142.50 CNY, compared to a net profit of 16,350,823.09 CNY in the same period last year, indicating a significant decline[51] Cash Flow - The net cash flow from operating activities was -¥13,505,552.93, a decrease of 116.08% compared to ¥84,002,176.66 in the previous year[8] - Cash flow from operating activities showed a net outflow of -13,505,552.93 CNY, a decrease from a net inflow of 84,002,176.66 CNY in the prior year[56] - Cash inflow from investment activities dropped significantly to ¥25.15 million from ¥353.99 million, a decrease of 92.9%[59] - Net cash flow from investment activities was -¥43.43 million, improving from -¥84.77 million year-over-year[59] - Cash inflow from financing activities increased to ¥263.56 million from ¥231.36 million, a rise of 13.8%[59] - Net cash flow from financing activities was positive at ¥37.97 million, compared to a negative flow of -¥91.18 million in the previous period[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,407,893,175.48, a slight decrease of 0.13% from ¥5,414,840,419.50 at the end of the previous year[8] - The total liabilities of the company increased to CNY 2,559,082,617.16 from CNY 2,479,935,897.92, representing an increase of approximately 3.2%[38] - The company's total liabilities increased to CNY 1,637,497,548.35 from CNY 1,566,535,199.75 year-over-year[46] - The company's current assets increased to CNY 1,857,035,104.24 from CNY 1,817,242,093.87, reflecting a growth of approximately 2.1%[36] - The total equity attributable to shareholders decreased to CNY 2,698,649,145.64 from CNY 2,774,288,945.07, a decline of approximately 2.7%[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 61,037[12] - The largest shareholder, Zhong Hangen, holds 42.23% of the shares, with a total of 636,631,953 shares, of which 403,550,000 are pledged[12] Operational Metrics - Accounts payable increased by 206.97% to ¥131,367,931.09 due to increased procurement and business activities following the resumption of production[16] - Sales expenses decreased by 34.99% to ¥16,870,607.34, reflecting the decline in operating revenue[16] - Research and development expenses for Q1 2020 were CNY 5,912,906.93, down from CNY 7,376,988.06 year-over-year[46] Investment and Income - Investment income rose by 85.91% to ¥11,505,760.87, attributed to increased dividends from financial assets and gains from equity method investments[16] - The company reported non-operating income of ¥3,372,075.09 from government subsidies, while losses from fair value changes amounted to -¥5,939,865.15[9] Future Outlook - The company expects a net profit of between -¥7,500,000 and ¥0 for the first half of 2020, compared to -¥7,277,840 in the same period of 2019[24] - The company is actively negotiating with financial institutions to increase financing credit limits[20] - The company plans to enhance compliance and expedite the resumption of production across its subsidiaries[20]