浙江众成(002522) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥253,699,221.63, a decrease of 9.26% compared to ¥279,595,352.07 in the same period last year[8]. - Net profit attributable to shareholders increased by 63.22% to ¥19,262,467.23 from ¥11,801,449.98 year-on-year[8]. - The net profit after deducting non-recurring gains and losses surged by 114.43% to ¥16,035,406.47 compared to ¥7,478,262.45 in the previous year[8]. - Operating revenue decreased by 9.26% year-on-year, while operating profit and net profit attributable to shareholders increased by 383.26% and 63.22% respectively, mainly due to changes in product structure and reduced raw material costs[20]. - Total operating revenue for Q1 2020 was CNY 253,699,221.63, a decrease of 9.25% compared to CNY 279,595,352.07 in the previous year[55]. - Net profit for Q1 2020 reached CNY 6,357,550.74, a significant recovery from a net loss of CNY 1,800,001.54 in the same period last year[56]. - The total comprehensive income for Q1 2020 was CNY 7,392,977.15, a recovery from a loss of CNY 2,813,058.41 in the previous year[57]. - Total comprehensive income for the first quarter reached CNY 30,501,125.68, compared to CNY 27,134,726.18 in the previous year, reflecting an increase of approximately 8.7%[62]. Cash Flow - The net cash flow from operating activities was negative at -¥29,586,172.18, a decline of 757.93% from ¥4,496,861.85 in the same period last year[8]. - Cash inflow from operating activities totaled CNY 277,567,158.28, down from CNY 303,691,197.62, indicating a decrease of about 8.6%[64]. - Cash inflow from investment activities was CNY 747,220,437.87, significantly higher than CNY 474,358,252.42, marking an increase of approximately 57.5%[66]. - Net cash flow from investment activities was CNY -180,217,386.28, an improvement from CNY -233,830,875.48 in the previous year[66]. - Cash inflow from financing activities was CNY 157,883,665.18, down from CNY 181,694,773.90, reflecting a decrease of about 13.1%[66]. - Net cash flow from financing activities was CNY -52,733,932.34, compared to a positive CNY 24,376,044.11 in the previous year[66]. - The ending balance of cash and cash equivalents was CNY 279,899,811.38, a decrease from CNY 256,358,579.26 in the previous year[66]. - The company reported a significant increase in cash inflow from investment activities, with cash recovered from investments reaching CNY 737,056,824.41, up from CNY 415,977,453.95[69]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,196,264,516.94, down 3.12% from ¥3,299,354,536.52 at the end of the previous year[8]. - The company's total liabilities decreased to CNY 1,248,846,373.36 from CNY 1,360,116,398.15, reflecting a decline of about 8.17%[46]. - Current liabilities due within one year increased by 85.22% compared to the beginning of the year, while long-term borrowings decreased by 49.92% as long-term loans from subsidiaries entered repayment periods[19]. - The company's total liabilities decreased to CNY 190,469,727.05 from CNY 257,060,604.74, indicating improved financial health[53]. - The total liabilities to equity ratio is approximately 70.2%, reflecting a significant leverage position[74]. Shareholder Information - Basic and diluted earnings per share both doubled to ¥0.02 from ¥0.01 year-on-year[8]. - The total number of shareholders at the end of the reporting period was 35,162[12]. - The equity attributable to shareholders of the parent company increased to CNY 1,841,741,244.30 from CNY 1,820,997,341.86, an increase of approximately 1.14%[47]. - The company plans to continue focusing on cost control and efficiency improvements to enhance profitability in the upcoming quarters[56]. Investment Activities - The company received government subsidies amounting to ¥1,705,628.37 during the reporting period[9]. - The company reported a significant increase in investment income to CNY 1,923,685.50 from CNY 3,776,821.41, highlighting better investment performance[56]. - The company engaged in four purchases of financial products amounting to 11,760 million CNY from January 2 to March 23, 2020, with redemptions totaling 17,960 million CNY, resulting in a zero balance[34]. - The company reported a floating income rate of 3.50% on a financial product with an investment of 6,000 million CNY, which was contracted in January 2020[32]. Operational Efficiency - Financial expenses decreased by 39.12% year-on-year, attributed to increased interest income from deposits and gains from foreign exchange[20]. - The company's asset impairment losses decreased by 59.35% year-on-year, primarily due to increased provisions for bad debts[22]. - Research and development expenses for Q1 2020 were CNY 9,578,874.10, down from CNY 11,365,383.38, suggesting a potential shift in investment strategy[56].