双星新材(002585) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was CNY 977,430,356.76, representing a 0.44% increase compared to CNY 973,172,710.06 in the same period last year[8]. - Net profit attributable to shareholders increased by 100.30% to CNY 87,653,051.92 from CNY 43,761,554.48 year-on-year[8]. - Basic earnings per share doubled to CNY 0.076 from CNY 0.038, reflecting a 100.00% increase[8]. - Operating profit for the current period was ¥105,558,120.57, significantly up from ¥45,533,009.63 in the previous period, marking an increase of 132.5%[59]. - The company reported a total comprehensive income of ¥87,653,051.92 for the current period, compared to ¥43,761,554.48 in the previous period[63]. - The net profit for the period reached approximately ¥90.13 million, up from ¥44.95 million in the previous period, indicating a growth of over 100%[71]. Cash Flow - The net cash flow from operating activities surged by 1,636.03% to CNY 120,655,132.55, compared to CNY 6,950,043.00 in the previous year[8]. - Cash flow from operating activities generated a net amount of approximately ¥120.66 million, a substantial increase from ¥6.95 million in the previous period[74]. - Cash received from sales of goods and services was approximately ¥983.01 million, down from ¥1,077.37 million in the previous period, indicating a decrease of about 8.75%[71]. - The company reported a cash outflow from investing activities of approximately ¥295.65 million, compared to a cash outflow of ¥193.57 million in the previous period, showing increased investment activity[74]. - The ending balance of cash and cash equivalents was approximately ¥573.90 million, down from ¥433.46 million in the previous period, reflecting a decrease in liquidity[77]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 9,143,557,607.22, up 1.66% from CNY 8,995,418,091.48 at the end of the previous year[8]. - Current liabilities rose to ¥1,410,068,635.41 from ¥1,349,582,171.59, reflecting an increase of approximately 4.80%[41]. - The total liabilities reached ¥1,412,461,306.48, compared to ¥1,351,974,842.66, marking an increase of around 4.43%[41]. - The company's equity attributable to shareholders rose to ¥7,731,096,300.74 from ¥7,643,443,248.82, showing an increase of approximately 1.15%[44]. - Total current assets amounted to ¥4,518,104,706.06, up from ¥4,452,853,250.82, reflecting a growth of approximately 1.24%[45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,929[12]. - The largest shareholder, Wu Peifu, holds 26.07% of the shares, with a total of 301,388,029 shares[12]. Government and Non-Operating Income - The company received government subsidies amounting to CNY 1,355,629.00 during the reporting period[8]. - The company reported a non-operating income of CNY 7,120,388.95 from entrusted investment management[8]. Future Outlook - The company expects net profit for the first half of 2020 to rise by over 50% year-on-year, with a projected range of 16,000 to 20,000 thousand yuan[23]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[70].