万和电气(002543) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,430,239,540.05, a decrease of 29.29% compared to the same period last year[8] - The net profit attributable to shareholders was ¥127,998,119.61, down 27.93% year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥122,946,168.22, a decline of 28.59% compared to the previous year[8] - Basic and diluted earnings per share were both ¥0.17, a decrease of 29.17% from the previous year[8] - The total operating revenue for the first quarter was CNY 1,430,239,540.05, a decrease from CNY 2,022,744,153.93 in the previous period[56] - The net profit for the current period is 120,963,775.33 CNY, down 33.5% from 181,818,502.33 CNY in the previous period[62] - The operating profit for the current period is 144,841,859.22 CNY, down 33.4% from 217,529,120.93 CNY in the previous period[62] - The total profit for the current period is 146,612,266.11 CNY, a decrease of 33.0% compared to 218,750,168.01 CNY in the previous period[62] - The basic earnings per share for the current period is 0.17 CNY, down from 0.24 CNY in the previous period[66] - Total comprehensive income amounted to CNY 31,972,388.40, compared to CNY 53,033,942.92 in the previous period[72] Cash Flow and Liquidity - The net cash flow from operating activities increased by 15.40% to ¥506,777,448.85[8] - Cash inflow from operating activities was CNY 1,738,352,720.72, down from CNY 1,845,961,622.76 in the previous period, representing a decrease of approximately 5.8%[73] - Net cash flow from operating activities was CNY 506,777,448.85, an increase of 15.4% compared to CNY 439,154,076.74 in the previous period[76] - Cash and cash equivalents at the end of the period reached CNY 1,247,200,297.81, up from CNY 1,055,737,004.73 in the previous period, indicating a growth of approximately 18.2%[79] - Cash inflow from financing activities totaled CNY 237,010,352.72, while cash outflow was CNY 206,857,197.67, resulting in a net cash flow of CNY 30,153,155.05[79] - The company reported a decrease in cash paid for purchasing goods and services, which was CNY 825,394,912.38 compared to CNY 877,228,096.52 in the previous period, reflecting a decline of about 5.9%[76] - The net cash flow from investment activities was CNY 29,319,198.93, a recovery from a negative cash flow of CNY -26,452,538.39 in the previous period[76] - The company experienced a foreign exchange impact on cash and cash equivalents of CNY 7,274,050.25, compared to a negative impact of CNY -2,514,260.32 in the previous period[79] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,872,631,574.41, down 1.30% from the end of the previous year[8] - Total liabilities decreased to CNY 1,730,956,457.13 from CNY 2,025,911,076.47, reflecting a reduction of approximately 14.5%[54] - Total assets amounted to CNY 4,427,048,762.57, down from CNY 4,690,030,993.51, indicating a decline of about 5.6%[51] - The total equity attributable to shareholders increased to CNY 3,860,592,933.66 from CNY 3,732,228,823.05, reflecting a growth of approximately 3.4%[47] - The company's total current liabilities decreased to CNY 1,707,861,343.91 from CNY 2,002,414,396.16, a decline of about 14.7%[54] - The non-current liabilities totaled CNY 23,095,113.22, slightly down from CNY 23,496,680.31, indicating a decrease of approximately 1.7%[54] Operational Efficiency - Cash and cash equivalents increased by 65.99% compared to the beginning of the period, mainly due to the company's efforts to recover overseas accounts receivable[21] - Accounts receivable decreased by 64.45% compared to the beginning of the period, primarily due to a sharp decline in production and sales influenced by external market conditions[21] - Prepayments increased by 74.80% compared to the beginning of the period, mainly due to increased prepayments for bulk raw materials and mold costs[21] - Tax and additional fees decreased by 55.44% year-on-year, mainly due to a decrease in sales revenue affecting value-added tax[22] - Sales expenses decreased by 34.74% year-on-year, primarily due to reduced market investment resulting from decreased sales[22] - Financial expenses decreased by 128.97% year-on-year, mainly due to effective measures taken by the company to significantly reduce exchange loss impacts[22] - Other income increased by 73.82% year-on-year, mainly due to government social security refunds received[22] - Research and development expenses amount to 48,174,534.76 CNY, a decrease of 16.7% from 57,792,135.56 CNY in the previous period[62] - The total operating costs for the current period are 1,304,705,702.51 CNY, compared to 1,800,332,289.03 CNY in the previous period[62] Miscellaneous - The company received government subsidies amounting to ¥9,802,789.00 during the reporting period[8] - The weighted average return on equity was 3.37%, down from 5.26% in the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 15,853[11] - The first quarter report for 2020 was not audited[86] - The company implemented new revenue and leasing standards starting in 2020, but it is not applicable for retrospective adjustments[86] - The report was presented by Chairman Ye Yuanzhang on April 30, 2020[87]