奥拓电子(002587) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥138,047,578.88, a decrease of 51.13% compared to ¥282,487,814.52 in the same period last year[8] - The net profit attributable to shareholders was -¥8,385,463.82, representing a decline of 122.66% from ¥36,999,791.68 year-on-year[8] - The company's operating revenue for the reporting period was 138.05 million yuan, a decrease of 51.13% year-on-year, primarily due to reduced income from smart lighting projects and LED video display systems[17] - Operating costs amounted to 88.01 million yuan, down 47.07% year-on-year, reflecting the decrease in operating revenue[17] - The net profit attributable to shareholders was -8.39 million yuan, a decline of 122.66% year-on-year, mainly due to the impact of the COVID-19 pandemic on production and operations[18] - The net profit for the first half of 2020 is expected to be between 11 million and 16 million yuan, representing a year-on-year decline of over 50%[29] - The net profit for the first half of 2019 was 70.24 million yuan, indicating a significant decrease in performance due to the impact of the COVID-19 pandemic[29] - The company's net profit for Q1 2020 was impacted by a credit impairment loss of CNY 14,635,063.51[48] - The total profit for Q1 2020 was a loss of CNY 11,787,302.24, down from a profit of CNY 42,837,907.82 in the previous year[50] - The comprehensive income total for Q1 2020 was a loss of CNY 8,128,413.50, compared to a profit of CNY 37,547,370.94 in the previous year[50] Cash Flow and Assets - The net cash flow from operating activities was -¥64,641,465.64, an improvement of 21.42% compared to -¥82,263,229.07 in the previous year[8] - The company's cash and cash equivalents decreased from approximately 617.52 million yuan at the end of 2019 to about 261.31 million yuan by March 31, 2020[39] - The cash inflow from operating activities was CNY 233,819,200.22, down from CNY 247,624,892.33 in the previous period[56] - The cash inflow from operating activities totaled 175,824,648.52 CNY, a decrease from 188,477,139.87 CNY, indicating a decline of about 6.9%[60] - The cash outflow for purchasing goods and services was 125,657,660.44 CNY, slightly down from 129,619,725.25 CNY, showing a decrease of around 3.1%[60] - The cash and cash equivalents at the end of the period were 243,551,383.59 CNY, down from 316,259,517.28 CNY, reflecting a decrease of approximately 23%[58] - The total cash outflow from investing activities was 559,856,793.91 CNY, up from 481,604,380.87 CNY, representing an increase of about 16.2%[57] - The net cash flow from investing activities was -295,608,913.97 CNY, compared to -39,450,348.71 CNY in the previous period, showing a significant decline[57] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 33,897[12] - The top shareholder, Wu Hanqu, holds 27.60% of the shares, amounting to 171,156,663 shares, with 128,367,497 shares pledged[12] - The company has no overdue commitments from major shareholders or related parties during the reporting period[28] Government Support and Subsidies - The company received government subsidies amounting to ¥9,365,917.84 during the reporting period[9] - The company reported a significant increase in other income, which reached 9.81 million yuan, up 69.45% year-on-year, mainly due to increased government subsidies[17] Business Operations and Strategy - The company is actively developing and promoting new products such as epidemic prevention assistants and remote meeting display systems to mitigate the impact of the pandemic[20] - The company has adjusted its market strategy to expand its LED application business in the domestic market, aiming to reduce the adverse effects of the pandemic[29] - The company has signed significant contracts, including a LED customized canopy procurement contract worth 896.92 million yuan, which is currently in progress[25] - The company has a backlog of orders and bid amounts totaling 925 million yuan as of March 31, 2020, indicating potential future revenue[20] Financial Ratios and Metrics - The weighted average return on net assets was -0.62%, a decrease of 3.51% from 2.89% in the same period last year[8] - The company's equity attributable to shareholders was CNY 1,081,512,795.31, down from CNY 1,084,941,525.71[45] - The company's total current assets as of March 31, 2020, were approximately 1.77 billion yuan, down from 1.91 billion yuan at the end of 2019[39] - The company's long-term equity investments remained stable at CNY 690,613,083.32[44] Research and Development - The company's research and development expenses for Q1 2020 were CNY 14,741,316.92, compared to CNY 19,269,552.61 in the previous period[48] - The company's research and development expenses for Q1 2020 were CNY 5,316,313.86, slightly down from CNY 5,364,679.47 in the previous year[52]