天汽模(002510) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥153,550,369.04, a decrease of 60.27% compared to ¥386,449,923.62 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥98,265,693.35, representing a decline of 507.30% from a profit of ¥24,125,905.28 in the previous year[8] - The basic and diluted earnings per share were both -¥0.11, down 523.08% from ¥0.026 in the same period last year[8] - Operating revenue for the current period was CNY 153,550,369.04, compared to CNY 386,449,923.62 in the previous period, showing a significant decrease[37] - Operating profit for Q1 2020 was a loss of CNY 104,776,587.71, compared to a profit of CNY 16,973,046.90 in Q1 2019[39] - Net profit for Q1 2020 was a loss of CNY 99,988,573.36, while in Q1 2019, the net profit was CNY 23,433,991.08[39] - Total comprehensive income for Q1 2020 was a loss of CNY 99,533,719.54, compared to a gain of CNY 24,356,507.05 in Q1 2019[40] Cash Flow - The net cash flow from operating activities was -¥80,176,510.73, a decrease of 214.62% compared to -¥25,483,918.96 in the previous year[8] - Net cash flow from operating activities was -80,176,510.73 CNY, compared to -25,483,918.96 CNY in the previous period, indicating a decline in operational performance[47] - The total cash inflow from operating activities was 403,781,746.86 CNY, while cash outflows were 483,958,257.59 CNY, resulting in a net cash flow of -80,176,510.73 CNY[47] - Total cash inflow from financing activities was 712,088,884.15 CNY, significantly higher than 113,527,286.07 CNY in the previous period, reflecting increased borrowing and capital inflow[48] - The company’s cash flow from financing activities showed a net increase of 434,336,994.54 CNY, compared to a net decrease of -110,928,416.18 CNY in the previous period, indicating a stronger financing position[48] - The cash flow from investing activities generated a net outflow of -4,241,480.79 CNY, compared to a net inflow of 5,867,314.73 CNY in the previous period, indicating a shift in investment strategy[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,060,498,655.24, an increase of 3.25% from ¥5,869,872,908.09 at the end of the previous year[8] - The company's net assets attributable to shareholders were ¥2,662,225,282.18, a slight decrease of 0.23% from ¥2,668,464,277.58 at the end of the previous year[8] - Current liabilities totaled CNY 2,619,605,888.27, a decrease from CNY 2,710,012,097.55, indicating a reduction of about 3.4%[31] - Long-term borrowings decreased to CNY 300,000,000.00 from CNY 392,500,000.00, representing a decline of approximately 23.5%[31] - Total liabilities rose to CNY 3,365,393,503.99 from CNY 3,169,505,881.43, an increase of about 6.2%[31] - The total non-current assets amounted to CNY 2,894,305,994.15, down from CNY 2,954,729,963.42, reflecting a decrease of about 2%[30] Operational Impact - The company attributed the decline in revenue primarily to the impact of the COVID-19 pandemic, which delayed the resumption of work for the company and its upstream and downstream enterprises[14] - Operating costs for the period were CNY 149,607,265.65, a decrease of 51.27% compared to the same period last year, primarily due to delays in resuming work caused by the COVID-19 pandemic[15] - The company experienced a significant decrease in accounts receivable notes, which fell by 84.90% to ¥1,544,702.69 due to the expiration of acceptance bills[14] - Investment income was reported at -CNY 35,347,724.31, a decrease of 213.94% year-on-year, mainly due to significant declines in revenue from associated companies affected by the pandemic[15] - The company reported a 100% reduction in credit impairment losses, amounting to -CNY 5,328,957.93, due to improved collections from customers compared to the previous year[15] Other Income and Expenses - The company reported government subsidies recognized in the current period amounting to ¥3,834,551.75[9] - Other income increased to CNY 3,549,860.41, up 394.10% year-on-year, attributed to an increase in government subsidies related to the company's daily operations[15] - Financial expenses for the period amounted to CNY 18,953,870.85, a reduction of 31.41% year-on-year, mainly due to the repayment of long-term loans[15] - The company's financial expenses in Q1 2020 were CNY 18,953,870.85, a decrease from CNY 27,634,186.81 in Q1 2019[39] - The tax expenses for Q1 2020 were CNY 699,378.14, compared to a tax benefit of CNY -1,912,106.48 in Q1 2019[39] - Research and development expenses in Q1 2020 amounted to CNY 16,093,577.06, down from CNY 21,238,574.79 in Q1 2019, reflecting a decrease of 24.2%[39]