海南瑞泽(002596) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥321,381,932.22, a decrease of 40.40% compared to ¥539,190,213.24 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥15,158,045.67, representing a decline of 148.06% from a profit of ¥31,538,970.87 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥23,958,544.24, a decrease of 226.83% compared to a profit of ¥18,889,644.07 last year[7]. - Total operating revenue for Q1 2020 was ¥321,381,932.22, a decrease of 40.40% compared to ¥539,190,213.24 in Q1 2019, primarily due to the impact of the pandemic and delayed resumption of work[18]. - Operating profit for Q1 2020 was a loss of CNY 9,212,436.76, compared to a profit of CNY 45,737,386.35 in Q1 2019[44]. - The company reported a net loss of CNY 13,252,702.71 for Q1 2020, compared to a net profit of CNY 30,954,435.91 in the same period last year, indicating a significant decline in profitability[44]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥35,925,043.51, a significant increase of 139.17% from a negative cash flow of ¥91,706,328.07 in the previous year[7]. - Cash received from operating activities decreased by 50.13% to ¥31,652,336.89 in Q1 2020 from ¥63,475,700.51 in Q1 2019, mainly due to a reduction in cash guarantees received[20]. - Cash paid for purchasing goods and services decreased by 42.03% to ¥285,788,738.68 in Q1 2020 from ¥493,030,877.66 in Q1 2019, attributed to the pandemic's impact[20]. - Cash inflow from operating activities totaled CNY 505,805,778.45, a decrease from CNY 617,737,961.16 in the previous year[51]. - The cash flow from operating activities showed a net outflow of 13,987,607.68 CNY for the current period, an improvement from the previous outflow of 49,337,914.38 CNY[55]. - The company paid 21,864,403.15 CNY in dividends and interest, compared to 25,487,426.06 CNY in the previous period, indicating a reduction in cash outflow for financing[53]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,139,751,416.25, a slight decrease of 0.34% from ¥6,160,992,143.84 at the end of the previous year[7]. - The company's total liabilities decreased by 0.34% compared to the previous year, indicating a stable financial position despite the revenue decline[7]. - Long-term borrowings increased by 60.66% to ¥184,200,000.00 in Q1 2020 from ¥114,650,000.00 in Q1 2019, indicating a rise in bank loans[22]. - Total liabilities decreased slightly to CNY 2,973,282,245.74 from CNY 2,976,321,739.09[37]. - The company's total equity decreased to CNY 3,166,469,170.51 from CNY 3,184,670,404.75[37]. - The company reported a total liability of CNY 2,976,321,739.09, with current liabilities at CNY 1,988,045,118.34 and non-current liabilities at CNY 988,276,620.75[60]. Inventory and Cost Management - The company reported an increase in inventory to ¥415,507,141.80, a rise of 27.55% from ¥325,772,085.07, attributed to increased raw materials and construction projects[16]. - Operating costs decreased by 40.44% to ¥247,688,283.91 in Q1 2020 from ¥415,876,547.84 in Q1 2019, reflecting the decline in revenue[18]. - The company is focusing on cost control measures, as indicated by the reduction in operating costs despite a decline in revenue[43]. Other Financial Metrics - The weighted average return on equity was -0.49%, down from 0.88% in the same period last year, reflecting the impact of the net loss[7]. - Basic and diluted earnings per share were both reported at -0.0132, compared to 0.03 in the same quarter last year[45]. - The company recorded a profit from investment of CNY 669,468.22, compared to a loss of CNY 246,297.59 in the previous year[47]. - The total comprehensive income for the period was CNY -13,252,702.71, compared to CNY 30,954,435.91 in the same period last year[45]. - The company incurred financial expenses of CNY 9,435,417.62, down from CNY 13,960,291.20 in the previous year[47]. Changes in Accounting and Reporting - The company has undergone a change in accounting policy, resulting in the reclassification of prepayments to contract liabilities, which may affect future cash flow reporting[16]. - The company has not engaged in any repurchase transactions during the reporting period, indicating a focus on maintaining liquidity[12]. - The company has not undergone an audit for the first quarter report[64].