万安科技(002590) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥379,657,019.18, a decrease of 22.78% compared to ¥491,628,464.22 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥9,520,436.49, representing a decline of 266.64% from a profit of ¥5,713,226.46 in the previous year[8]. - The company experienced a 163.85% decrease in operating profit, attributed to a decline in sales during the reporting period[15]. - The estimated net profit for the first half of 2020 is projected to be between -15 million and -10 million RMB, compared to a net profit of 22.84 million RMB in the same period of 2019, indicating a significant decline due to the impact of the pandemic on the automotive parts industry[20]. - The company's net profit for Q1 2020 showed a significant improvement in financial performance compared to the previous year, with a reduction in financial expenses from CNY 5,889,753.55 to CNY 1,752,446.11[41]. - The company's operating profit was ¥9.27 million, down from ¥24.84 million in the same period last year, reflecting a decrease of about 63%[46]. - The total comprehensive income for the first quarter was a loss of ¥9.88 million, contrasting with a gain of ¥5.04 million in the prior year[43]. Cash Flow - The net cash flow from operating activities increased by 298.00%, reaching ¥75,124,865.40, compared to a negative cash flow of ¥37,941,763.23 in the same period last year[8]. - In Q1 2020, the net cash flow from operating activities was ¥75,124,865.40, a significant improvement compared to a net outflow of ¥37,941,763.23 in Q1 2019[50]. - The cash inflow from operating activities was approximately ¥442.76 million, an increase from ¥404.56 million in the previous period[49]. - The total operating cash inflow for Q1 2020 was ¥246,861,867.21, an increase of 8.8% from ¥228,337,295.01 in Q1 2019[53]. - The cash flow from investment activities showed a net outflow of ¥25,193,119.77 in Q1 2020, compared to a net outflow of ¥60,078,289.47 in Q1 2019, indicating a 58.1% improvement[54]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,517,081,301.57, a decrease of 1.87% from ¥3,583,972,548.51 at the end of the previous year[8]. - As of March 31, 2020, the total assets amount to approximately 3.52 billion RMB, a decrease from 3.58 billion RMB at the end of 2019[32]. - The total liabilities decreased to CNY 884,253,693.82 from CNY 938,755,023.05, indicating improved financial health[38]. - Total liabilities amounted to CNY 1,610,362,531.83, with non-current liabilities totaling CNY 213,864,842.82[58]. - Current liabilities totaled CNY 712,690,478.42, down from CNY 766,284,646.73 in the previous period[38]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 40,084[11]. - The largest shareholder, Wan'an Group Co., Ltd., held 45.86% of the shares, amounting to 219,980,700 shares[11]. Other Income and Expenses - The company reported a significant increase in other income by 103.89%, primarily due to an increase in government subsidies received[15]. - The company reported other income of approximately ¥13.73 million, compared to ¥6.35 million in the previous period, showing an increase of about 116%[45]. - The company incurred a credit impairment loss of ¥7.57 million during the quarter[46]. - Research and development expenses for the quarter were approximately ¥8.71 million, down from ¥11.18 million in the previous year[45]. Financial Management - The company has engaged in wealth management with a total of 10 million RMB in bank financial products, all of which remain outstanding[23]. - The company did not engage in any repurchase transactions during the reporting period[12]. - The company has committed to avoiding competition with its controlling shareholder, ensuring no direct or indirect engagement in competing activities[18]. - The company has not undergone an audit for the first quarter report[62]. - The company has implemented new revenue and lease standards starting in 2020, with no retrospective adjustments made[61].