龙泉股份(002671) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥48,584,266.61, a decrease of 68.81% compared to ¥155,749,600.46 in the same period last year[8] - The net profit attributable to shareholders was -¥49,467,818.47, representing a decline of 36.56% from -¥36,225,087.31 year-on-year[8] - The net profit for Q1 2020 was a loss of CNY 50,351,032.99, compared to a loss of CNY 36,150,395.10 in Q1 2019, representing an increase in loss of 39.2%[40] - The total comprehensive income for Q1 2020 was a loss of CNY 50,351,032.99, compared to a loss of CNY 36,150,395.10 in the previous year[40] - The operating profit for Q1 2020 was a loss of CNY 59,598,776.44, compared to a loss of CNY 24,494,706.24 in Q1 2019, indicating a significant decline in operational performance[39] - The total profit for Q1 2020 was a loss of CNY 59,737,195.47, compared to a loss of CNY 24,068,309.50 in Q1 2019, highlighting a worsening financial situation[39] Cash Flow - The net cash flow from operating activities was -¥112,101,273.59, a significant drop of 502.69% compared to -¥18,600,279.88 in the previous year[8] - Cash inflows from operating activities in Q1 2020 totaled CNY 133,362,489.12, compared to CNY 184,956,268.48 in Q1 2019, indicating a decrease of 28%[46] - The company reported a total cash outflow of 407,951,265.40 CNY from operating activities, significantly higher than 177,483,089.61 CNY in the previous year[50] - The cash inflow from sales of goods and services was 140,644,949.71 CNY, an increase from 122,412,301.30 CNY in Q1 2019, indicating growth in revenue generation[50] - The cash flow from investment activities showed a net outflow of -20,479,898.34 CNY, worsening from -9,345,944.42 CNY year-over-year[48] - Cash inflow from financing activities was 83,627,500.00 CNY, down from 152,602,541.79 CNY in the same period last year, indicating reduced financing activities[48] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,019,430,418.71, down 4.18% from ¥3,151,302,506.27 at the end of the previous year[8] - Total liabilities decreased to CNY 1,049,037,311.26 from CNY 1,130,558,365.83, reflecting a reduction in financial obligations[32] - Total liabilities amounted to CNY 1,211,999,614.97, with current liabilities totaling CNY 1,204,283,318.50[59] - The company's total assets reached CNY 3,089,901,415.68, with current assets at CNY 1,587,978,799.39[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,338[11] - The top shareholder, Liu Changjie, holds 20.64% of the shares, amounting to 97,517,139 shares[11] - The total equity attributable to shareholders decreased to CNY 1,955,012,953.78 from CNY 2,004,480,772.25, indicating a decline in shareholder value[32] Operational Metrics - Revenue decreased by 68.81% year-on-year, mainly due to delays in resuming work caused by the COVID-19 pandemic[17] - Operating costs decreased by 67.28% year-on-year, primarily due to reduced revenue from the COVID-19 pandemic[17] - The basic earnings per share were -¥0.10, a decrease of 25.00% compared to -¥0.08 in the same period last year[8] - The weighted average return on net assets was -2.85%, down from -1.83% year-on-year[8] Research and Development - R&D expenses decreased by 38.70% year-on-year, primarily due to delays in resuming work caused by the COVID-19 pandemic[17] - The company reported a significant reduction in research and development expenses to CNY 1,739,480.90 from CNY 2,837,852.06, which may impact future innovation[38] Other Financial Metrics - The company reported non-operating income of ¥481,591.03 from government subsidies during the reporting period[9] - The company incurred financial expenses of CNY 2,742,980.73 in Q1 2020, down from CNY 5,443,939.10 in the same period last year, reflecting a reduction in interest expenses[42] - The company reported an increase in other income to CNY 100,097.67 in Q1 2020, compared to CNY 80,000.00 in the previous year[42]