公元股份(002641) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥847,444,914.26, a decrease of 28.74% compared to the same period last year[8]. - The net profit attributable to shareholders was ¥37,855,656.22, down 34.90% year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥22,825,379.31, reflecting a decline of 52.28% compared to the previous year[8]. - Basic earnings per share were ¥0.03, down 40.00% year-on-year[8]. - Operating profit decreased by 36.37% year-on-year, mainly due to the impact of the pandemic on operating income[19]. - Net profit decreased by 34.90% year-on-year, primarily due to the pandemic's impact on operating income[19]. - The company reported a total profit of CNY 44,648,945.69, down 35.9% from CNY 69,742,244.03 in the previous year[56]. - The total comprehensive income for the quarter was CNY 30,999,875.75, compared to CNY 60,438,784.74 in the previous year, a decline of 48.7%[58]. - The company reported a net exchange loss of CNY 6,789,375.00 during the quarter[58]. - The company’s financial expenses showed a significant improvement, with a net financial income of CNY -2,876,880.21 compared to CNY 1,636,585.18 in the previous year[54]. Cash Flow - The net cash flow from operating activities was ¥57,569,832.92, a decrease of 51.53% from the same period last year[8]. - Cash flow from operating activities for Q1 2020 was CNY 57,569,832.92, a decrease of 51.5% compared to CNY 118,771,614.06 in Q1 2019[66]. - Cash flow from investing activities showed a net outflow of CNY 59,963,861.04, compared to a net outflow of CNY 18,283,286.27 in the same period last year[69]. - Cash flow from financing activities generated a net inflow of CNY 662,297,517.00, contrasting with a net outflow of CNY 219,160,511.76 in Q1 2019[69]. - The net cash flow from operating activities for Q1 2020 was ¥154,824,561.11, an increase of 8.4% compared to ¥142,473,042.89 in Q1 2019[72]. - The net cash flow from financing activities reached ¥698,995,223.52, compared to a negative cash flow of -¥221,329,497.78 in Q1 2019, indicating a strong financing position[72]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,031,472,319.45, an increase of 22.85% compared to the end of the previous year[8]. - Total liabilities increased by 57,051.88 thousand yuan due to bond issuance[18]. - Total current assets rose to ¥4,708,083,036.71 from ¥3,395,955,851.12, marking an increase of about 38.6%[41]. - Current liabilities rose to CNY 2,760,621,907.11, compared to CNY 2,173,159,065.61, reflecting an increase of approximately 27%[45]. - The total liabilities reached CNY 3,496,962,784.88, up from CNY 2,341,212,677.12, which is an increase of around 49.2%[45]. - The company reported total assets of ¥5,723,683,622.51 as of January 1, 2020, unchanged from the previous year[76]. - The total liabilities were recorded at ¥2,341,212,677.12, indicating stable financial leverage[76]. Shareholder Information - The company reported a total of 31,590 shareholders at the end of the reporting period[11]. - The largest shareholder, Gongyuan Plastic Industry Group Co., Ltd., held 41.43% of the shares[11]. - The equity attributable to shareholders increased to CNY 3,534,509,534.57 from CNY 3,382,470,945.39, showing a growth of about 4.5%[47]. Government Support and Subsidies - The company received government subsidies amounting to ¥9,972,478.39 during the reporting period[8]. Operational Strategies - The company has implemented a PVC futures hedging strategy to stabilize production costs and mitigate operational risks, which is deemed feasible and controllable by independent directors[32]. - The company aims to reduce the impact of exchange rate fluctuations on operating profits through its foreign exchange forward settlement and sales business[32]. Compliance and Governance - The company has no reported violations regarding external guarantees during the reporting period[33]. - There were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[34]. - The company conducted investor relations activities, including site visits and phone communications, to enhance transparency and engagement with institutional investors[35][37]. - The company has established a risk control system for its derivative investments, ensuring compliance with relevant laws and regulations[32].