通达动力(002576) - 2020 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2020 was ¥285,906,613, a decrease of 5.37% compared to ¥302,132,090 in the same period last year[9] - Net profit attributable to shareholders was ¥5,990,920.62, down 6.60% from ¥6,414,043.35 year-on-year[9] - Net profit excluding non-recurring gains and losses decreased by 30.93% to ¥4,195,420.99 from ¥6,074,035.74 in the previous year[9] - Net profit for Q1 2020 was CNY 5,742,030.30, compared to CNY 6,220,853.96 in the same period last year, reflecting a decline of approximately 7.7%[39] - The net profit for the first quarter of 2020 was -384,821.18 thousand yuan, compared to -293,890.81 thousand yuan in the same period last year, indicating a decline of approximately 30.9%[43] - The total comprehensive income for the first quarter was -384,821.18 thousand yuan, a decrease from -293,890.81 thousand yuan year-over-year[44] Cash Flow - Net cash flow from operating activities dropped significantly by 82.41% to ¥6,632,731.41 from ¥37,702,675.48[9] - Cash flow from operating activities generated a net amount of 6,632,731.41 yuan, down from 37,702,675.48 yuan in the previous year, reflecting a decline of approximately 82.4%[47] - Cash inflow from operating activities totaled 255,342,409.69 yuan, compared to 343,682,084.19 yuan in the prior year, representing a decrease of about 25.7%[47] - Cash outflow from operating activities was 248,709,678.28 yuan, down from 305,979,408.71 yuan, indicating a reduction of approximately 18.7%[47] - Investment activities resulted in a net cash outflow of -24,875,592.92 yuan, compared to -46,289,782.22 yuan in the previous year, showing an improvement of about 46.3%[47] - The cash and cash equivalents at the end of the period were 168,924,467.19 yuan, a decrease from 209,660,209.24 yuan at the beginning of the period, reflecting a decline of approximately 19.5%[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,298,898,947.51, down 1.72% from ¥1,321,592,919.59 at the end of the previous year[9] - Total assets amounted to CNY 871,748,078.85, while total liabilities were CNY 4,054,838.63[35] - Net assets attributable to shareholders increased by 0.67% to ¥902,667,461.59 from ¥896,676,540.97[9] - Other receivables increased by 146.80%, mainly due to increased transactions[17] - Short-term borrowings decreased by 33.61%, primarily due to a reduction in bank loans[17] - Non-current liabilities due within one year decreased by 45.24%, mainly due to a decrease in payable equipment project funds[17] Expenses - Basic and diluted earnings per share were both ¥0.0363, a decline of 6.44% compared to ¥0.0388[9] - Management expenses increased by 30.94%, primarily due to an increase in salary and welfare expenses[17] - Financial expenses decreased by 118.00%, mainly due to a reduction in interest expenses[17] - Other income increased by 130.71%, mainly due to an increase in government subsidies received[17] - Investment income increased by 43.75%, primarily due to an increase in financial management income[17] - Asset impairment losses increased by 984.29%, mainly due to an increase in impairment provisions[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,608[13] - The largest shareholder, Tianjin Xindarui Ming Enterprise Management Consulting Center, held 28.27% of the shares, amounting to 46,679,000 shares[13] Research and Development - Research and development expenses for Q1 2020 were CNY 7,385,918.91, an increase from CNY 6,094,621.13 in the previous period, indicating a focus on innovation[38] Company Strategy - The company aims to enhance market expansion strategies and invest in new technologies to drive future growth[39] Financial Reporting - The first quarter report for 2020 has not been audited[52] - The company has adopted new revenue and leasing standards starting in 2020, but there are no retrospective adjustments to prior comparative data[52] - The financial statements for the first quarter of 2020 do not reflect any adjustments related to the new standards[52]