通达股份(002560) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥351,745,228.91, a decrease of 31.10% compared to ¥510,550,403.01 in the same period last year[8] - Net profit attributable to shareholders for Q1 2020 was ¥58,415,542.40, representing a significant increase of 69.04% from ¥34,556,962.30 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥22,754,454.93, down 26.52% from ¥30,964,966.43 in the same period last year[8] - Basic earnings per share for Q1 2020 increased to ¥0.130, up 62.50% from ¥0.08 in the same period last year[8] - Operating revenue decreased by 31.08% to CNY 352,361,832.70 compared to the same period last year, primarily due to reduced sales from the parent company[18] - Operating costs decreased by 32.81% to CNY 288,491,198.73, attributed to lower sales from the parent company[18] - Net profit attributable to shareholders increased by 69.04% to CNY 58,415,542.40, driven by improved profitability[18] - Other income decreased by 94.20% to CNY 245,676.39, mainly due to reduced government subsidies[18] - Investment income surged by 694.21% to CNY 129,956.29, resulting from increased bank wealth management activities[18] - The company expects net profit for the first half of 2020 to increase by over 50% compared to the same period last year[22] - The total comprehensive income for Q1 2020 was CNY 46,021,041.47, compared to CNY 42,373,027.10 in Q1 2019, indicating a growth of 8.5%[46] Cash Flow and Liquidity - The net cash flow from operating activities was -¥176,126,005.91, worsening by 59.56% compared to -¥110,382,976.80 in the previous year[8] - The net cash flow from operating activities decreased by 59.56% to CNY -176,126,005.91, due to higher material payments and lower sales collections[18] - Total cash inflow from operating activities was 274,088,122.28 yuan, down 50.9% from 556,799,828.81 yuan in the previous period[52] - Cash outflow from operating activities totaled 450,214,128.19 yuan, a decrease of 32.6% compared to 667,182,805.61 yuan in the previous period[52] - The net cash flow from investment activities was 10,391,851.50 yuan, recovering from a negative cash flow of -34,779,375.22 yuan in the previous period[52] - The net cash flow from financing activities was -9,612,298.47 yuan, a significant decrease from 187,904,889.17 yuan in the previous period[53] - The ending balance of cash and cash equivalents was 40,038,985.13 yuan, a decrease of 79.5% from 194,512,517.35 yuan in the previous period[53] - The company experienced a net decrease in cash and cash equivalents of -161,537,032.29 yuan, compared to a net increase of 9,985,535.89 yuan in the previous period[56] Assets and Liabilities - Total assets at the end of Q1 2020 were ¥3,076,787,887.54, an increase of 3.25% from ¥2,979,892,959.72 at the end of the previous year[8] - Current liabilities rose to CNY 1,134,356,565.33, compared to CNY 989,481,507.00 in the previous period[37] - Non-current liabilities decreased to CNY 141,887,340.96 from CNY 235,888,512.93[37] - Total liabilities amounted to CNY 1,225,370,019.93, with current liabilities at CNY 989,481,507.00 and non-current liabilities at CNY 235,888,512.93[59] - Total current assets as of March 31, 2020, amounted to 1,862,327,177.95 CNY, compared to 1,770,549,662.40 CNY at the end of 2019, showing an increase of about 5.2%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,269[12] - The largest shareholder, Shi Wanfu, holds 24.52% of the shares, with a total of 108,816,340 shares pledged[12] - Net assets attributable to shareholders increased to ¥1,693,251,747.30, up 2.79% from ¥1,647,284,199.90 at the end of the previous year[8] - The total equity attributable to shareholders increased to CNY 1,693,251,747.30 from CNY 1,647,284,199.90[38] Operational Highlights - The company plans to raise up to CNY 600 million through a private placement to fund aviation component manufacturing and repay bank loans[20] - The company plans to continue expanding its market presence and investing in new technologies[38] - The company has established a comprehensive risk control system for its hedging activities, including organizational structures and operational processes[28] - The company aims to use its own funds for hedging operations related to aluminum and copper, which helps to lock in expected profits and mitigate operational risks[28] Compliance and Adjustments - There were no instances of non-compliance with external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[29][30] - The first quarter report was not audited[63] - The company has not made any adjustments for the new revenue and lease standards applicable from 2020[63]