茂硕电源(002660) - 2020 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2020 was ¥202,641,772.52, a decrease of 8.80% compared to ¥222,193,494.08 in the same period last year[8] - Net profit attributable to shareholders was ¥7,425,170.85, a significant increase of 1,067.14% from a loss of ¥767,745.79 in the previous year[8] - Net profit excluding non-recurring items reached ¥1,897,545.82, up 137.26% from a loss of ¥5,093,376.13 in the same period last year[8] - Basic earnings per share were ¥0.0271, compared to a loss of ¥0.0028 in the previous year, marking an increase of 1,067.86%[8] - The company reported a net loss of CNY 49,371,538.87, an improvement from a loss of CNY 56,796,709.72 in the previous period[31] - The net profit for Q1 2020 reached CNY 7,514,296.45, a significant recovery from a net loss of CNY 1,203,345.61 in the previous year[38] - The total comprehensive income for Q1 2020 was CNY 7,514,296.45, a recovery from a loss of CNY 1,203,345.61 in the previous year[39] Cash Flow and Financial Position - Operating cash flow for the period was ¥10,798,527.20, a turnaround from a negative cash flow of ¥74,004,872.43, representing an increase of 114.59%[8] - Cash received from sales of goods and services increased by ¥151,861,312.49 or 58.49% to ¥411,501,943.46, attributed to improved accounts receivable collection[15] - The net cash flow from operating activities was CNY 10.8 million, a turnaround from a negative CNY 74 million in the previous period[46] - The total cash outflow from operating activities was CNY 408.3 million, up from CNY 342.6 million in the previous period[46] - Cash inflow from financing activities was CNY 70.3 million, down from CNY 194.7 million in the previous period[47] - The cash and cash equivalents at the end of the period were CNY 170.4 million, a decrease from CNY 110.9 million in the previous period[47] - The total cash and cash equivalents decreased by CNY 4.4 million during the period, compared to a decrease of CNY 8.9 million in the previous period[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,523,300,575.52, down 6.74% from ¥1,633,310,676.95 at the end of the previous year[8] - Total liabilities decreased to CNY 899,569,210.90 from CNY 1,017,093,608.78, indicating a decline of about 11.6%[30] - Current liabilities decreased to CNY 855,410,953.06 from CNY 965,030,913.09, a reduction of approximately 11.4%[30] - Total assets decreased to CNY 1,523,300,575.52 from CNY 1,633,310,676.95, reflecting a decline of about 6.7%[31] - The implementation of the new revenue recognition standard resulted in a reclassification of CNY 13,213,784.27 from advance receipts to contract liabilities[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,456[11] - The largest shareholder, Gu Yongde, holds 30.64% of the shares, with 63,035,660 shares pledged[11] - Net assets attributable to shareholders increased to ¥623,772,299.18, a rise of 1.20% from ¥616,347,128.33 at the end of the previous year[8] Expenses and Costs - The total operating costs for Q1 2020 were CNY 200,569,165.74, a decrease from CNY 228,334,349.93 in the previous year, reflecting a reduction of approximately 12.2%[38] - Research and development expenses for Q1 2020 were CNY 9,926,593.00, down from CNY 12,011,018.26 in the previous year, indicating a 17.4% decrease[38] - Financial expenses decreased by ¥2,997,631.80 or 33.03% to ¥6,076,522.16, mainly due to increased foreign exchange gains[15] - The financial expenses for Q1 2020 were CNY 6,076,522.16, down from CNY 9,074,153.96 in the previous year, representing a decrease of approximately 33.0%[38] Investment and Other Income - The company reported non-recurring gains of ¥5,527,625.03, primarily from asset disposal and government subsidies[9] - Investment income dropped by ¥264,869.91 or 82.89% to ¥54,691.52, primarily due to reduced investment income from associates[15] - The company recorded investment income of CNY 54,691.52, compared to CNY 319,561.43 in the previous year, showing a decline of about 82.9%[38]