共达电声(002655) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥225,104,068, representing a 3.49% increase compared to ¥217,511,090.74 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥4,830,331.40, a decrease of 470.85% from a profit of ¥1,302,485.62 in the previous year[8]. - The basic earnings per share were -¥0.01, a decline of 377.78% from ¥0.0036 in the previous year[8]. - The company reported a significant increase in other cash received related to operating activities, which rose by 194.05% to ¥600,040.21, due to increased government subsidies[16]. - The company reported a comprehensive loss of CNY 348,718.20 in Q1 2020, compared to a loss of CNY 273,279.05 in Q1 2019, reflecting a worsening of approximately 27.7%[33]. - The company's total profit for Q1 2020 was a loss of CNY 5.84 million, compared to a profit of CNY 2.06 million in the previous year[41]. Cash Flow - The net cash flow from operating activities increased by 138.82% to ¥26,406,748.26, up from ¥11,057,138.85 in the same period last year[8]. - Operating cash flow for the first quarter was CNY 27,598,823.38, an increase of 149.5% compared to CNY 11,061,387.52 in the previous year[51]. - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets decreased by 53.03% to ¥7,360,507.26, due to a reduction in advance payments for equipment[16]. - Cash flow from financing activities decreased by 489.28% to -¥25,494,689.97, attributed to a reduction in borrowings[16]. - Total cash inflow from financing activities was CNY 50,464,820.00, down 54.1% from CNY 110,015,579.46 in the same period last year[52]. - The net increase in cash and cash equivalents was -CNY 5,648,450.24, compared to -CNY 19,630,472.78 in the previous year, indicating a significant reduction in cash outflow[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,133,022,355.92, down 4.37% from ¥1,184,775,613.73 at the end of the previous year[8]. - The total liabilities decreased from CNY 665,693,791.55 at the end of 2019 to CNY 622,358,767.15 in Q1 2020, a reduction of approximately 6.5%[36]. - The company's total assets decreased from CNY 1,188,757,838.91 at the end of 2019 to CNY 1,141,051,388.34 in Q1 2020, reflecting a decline of about 4%[35]. - The net assets attributable to shareholders decreased by 0.94% to ¥515,427,969.20 from ¥520,333,739.75 at the end of the previous year[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,441[12]. - The largest shareholder, Weifang Aisheng Acoustic Technology Co., Ltd., held 15.27% of the shares, totaling 54,980,000 shares[12]. Operational Costs and Expenses - Total operating costs for Q1 2020 were CNY 221,375,818.57, up from CNY 207,028,844.04 in the same period last year, reflecting a year-on-year increase of 6.93%[39]. - Management expenses decreased by 31.72% to ¥11,482,490.85, mainly due to a reduction in employee compensation[16]. - Research and development expenses for Q1 2020 were CNY 11,474,437.90, down from CNY 13,010,300.04 in Q1 2019, indicating a decrease of approximately 11.8%[39]. - Financial expenses decreased by 60.65% to ¥2,758,355.74, primarily due to increased exchange gains from USD exchange rate fluctuations[16]. Other Notable Points - There were no significant new strategies or product developments mentioned in the report[15]. - The company did not undergo an audit for the first quarter report[53].