瑞和股份(002620) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥434,308,710.85, a decrease of 49.50% compared to ¥860,051,747.16 in the same period last year[7] - The net profit attributable to shareholders was ¥1,908,760.34, down 95.96% from ¥47,214,861.65 year-on-year[7] - The net profit after deducting non-recurring gains and losses was -¥372,214.95, a decline of 100.80% compared to ¥46,704,861.65 in the previous year[7] - The basic earnings per share were ¥0.01, down 92.31% from ¥0.13 in the same period last year[7] - Net profit for Q1 2020 was CNY 6,484,657.13, compared to CNY 50,340,644.57 in the same period last year, reflecting a decline of approximately 87.1%[38] - The total comprehensive income for the first quarter was CNY -2,058,852.73, compared to CNY 47,822,839.36 in the previous period[43] Cash Flow - The net cash flow from operating activities was -¥175,112,734.15, a decrease of 76.78% from -¥99,055,413.59 in the same period last year[7] - Net cash flow from operating activities decreased by CNY 76,057,320.56, a reduction of 76.78%, mainly due to decreased collections influenced by the COVID-19 pandemic[15] - The cash flow from operating activities showed a net outflow of CNY 175,112,734.15, compared to a net outflow of CNY 99,055,413.59 in the previous period[46] - The net cash flow from operating activities was -169,365,822.51 yuan, a decrease from -82,763,557.76 yuan in the previous period, indicating a worsening cash flow situation[20] - Total cash inflow from financing activities increased to 372,261,022.00 yuan from 300,000,000.00 yuan, reflecting a growth of approximately 24.2%[50] - The net cash flow from financing activities improved to 144,914,792.40 yuan compared to 59,226,559.28 yuan in the previous period, showing a significant increase of approximately 144.5%[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,447,344,109.26, down 7.11% from ¥5,864,510,237.10 at the end of the previous year[7] - Total assets as of March 31, 2020, amounted to CNY 5,447,344,109.26, down from CNY 5,864,510,237.10 as of December 31, 2019[28] - Total liabilities decreased from CNY 3,264,897,358.55 to CNY 2,828,345,685.99[30] - Current liabilities decreased to CNY 2,742,638,768.53 from CNY 3,116,321,175.89 in the previous period[34] - The total liabilities amounted to 3,264,897,358.55 yuan, with a significant portion being short-term borrowings of 793,216,312.82 yuan[54] Expenses - Total operating costs for Q1 2020 were CNY 416,351,976.23, down from CNY 793,336,110.50 in the previous period[37] - The company reported a decrease in research and development expenses to CNY 12,688,734.75 from CNY 22,930,944.43 in the previous period[37] - R&D expenses decreased by CNY 10,242,209.68, a reduction of 44.67%, primarily due to decreased investment caused by the COVID-19 pandemic[15] - The company incurred credit impairment losses of CNY 8,871,232.91, compared to CNY 7,084,127.69 in the previous period[42] Government Subsidies and Other Income - The company recognized government subsidies amounting to ¥2,728,000.00 during the reporting period[8] - Other income increased by CNY 2,128,000, an increase of 354.67%, mainly due to increased government subsidies received[15] Adjustments and Compliance - The company adjusted its financial statements to comply with new revenue and leasing standards, impacting the recognition of contract assets[51] - The report reflects the implementation of new revenue and leasing standards starting in 2020, with no retrospective adjustments made[57]