成都路桥(002628) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥358,883,223.90, a decrease of 23.28% compared to ¥467,754,848.94 in the same period last year[7] - Net profit attributable to shareholders increased by 38.64% to ¥12,534,879.73 from ¥9,041,373.34 year-on-year[7] - The net profit after deducting non-recurring gains and losses rose by 45.33% to ¥12,285,291.74 compared to ¥8,453,648.13 in the previous year[7] - Basic earnings per share doubled to ¥0.02 from ¥0.01 year-on-year, indicating a 100% increase[7] - The net profit for the first quarter was CNY 15,373,288.16, compared to a net loss of CNY 8,918,638.05 in the same period last year, indicating a significant turnaround[39] - The total profit for the quarter was CNY 23,725,464.90, up from CNY 8,651,015.87 in the previous year[39] - The basic and diluted earnings per share were both CNY 0.02, an increase from CNY 0.01 in the previous period[40] Cash Flow - The net cash flow from operating activities was -¥291,550,243.69, worsening by 31.67% from -¥221,427,434.12 in the same period last year[7] - The cash inflow from operating activities totaled CNY 609,779,568.47, compared to CNY 809,608,147.93 in the previous period[44] - The net cash flow from operating activities was -81,365,664.72 yuan, compared to a positive cash flow of 44,031,403.08 yuan in the previous period[49] - Total cash inflow from investment activities was 109,075,114.32 yuan, while cash outflow was 259,164,545.29 yuan, resulting in a net cash flow from investment activities of -150,089,430.97 yuan[46] - Cash inflow from financing activities totaled 547,025,000.00 yuan, with cash outflow of 220,422,522.82 yuan, leading to a net cash flow from financing activities of 326,602,477.18 yuan[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,612,833,296.51, down 4.81% from ¥6,946,844,167.27 at the end of the previous year[7] - The company's total liabilities decreased to CNY 3,767,709,037.25 from CNY 4,131,897,273.44[31] - Current assets totaled CNY 3,467,683,226.27, a decline from CNY 4,331,491,831.61[32] - The company's cash and cash equivalents decreased to CNY 645,821,250.70 from CNY 780,755,919.70[32] - The total liabilities increased to CNY 4,131,897,273.44, up from CNY 3,836,978,806.09, reflecting a decrease of CNY 294,918,467.35[53] - Total assets reached CNY 6,243,162,610.65, compared to CNY 5,800,148,185.82, showing a decrease of CNY 443,014,424.83[55] Inventory and Receivables - Inventory dropped by 95.71% to ¥45,526,425.65, also attributed to the new revenue standards[15] - Other receivables decreased by 38.46% to ¥412,161,154.47 primarily due to the first-time implementation of new revenue standards[15] - Long-term receivables decreased by 84.17% to ¥467,409,233.94 due to the new revenue standards[15] - The company reported a significant decrease in inventory, dropping from CNY 1,003,261,281.21 to CNY 9,355,661.50, a reduction of CNY 993,905,619.71[54] Expenses - Financial expenses increased by 50.95% to ¥20,544,153.78, mainly due to higher bank interest[15] - Research and development expenses were recorded at ¥1,212,642.95, indicating new R&D investments[15] - The company incurred a tax expense of CNY 8,352,176.74, compared to a tax benefit of CNY 267,622.18 in the previous year[39] - The company reported a credit impairment loss of CNY 22,000,440.93 during the quarter[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,674[11] - The net assets attributable to shareholders increased slightly by 0.32% to ¥2,773,873,551.97 from ¥2,765,104,594.97 at the end of the previous year[7] - The total equity attributable to shareholders of the parent company was CNY 2,773,873,551.97, slightly up from CNY 2,765,104,594.97[31] New Standards Implementation - The company has implemented new revenue and leasing standards starting in 2020, with no retrospective adjustments made to prior comparative data[57] - Contract assets amounted to ¥837,729,250.09, reflecting the first-time implementation of new revenue standards[15]