福建金森(002679) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥228,619.74, a decrease of 97.68% compared to the same period last year[8] - The net profit attributable to shareholders was -¥16,442,122.57, representing a decline of 34.16% year-over-year[8] - The operating profit for the period was -¥16,479,885.68, a decrease of 35.53% year-over-year, largely due to reduced main business income from the pandemic[16] - The basic earnings per share were -¥0.07, a decrease of 40.00% compared to the same period last year[17] - The net loss for Q1 2020 was CNY 16,442,044.67, compared to a net loss of CNY 12,255,325.26 in Q1 2019, representing an increase in losses of approximately 34.5%[41] - The company's total revenue for the current period is CNY 118,528.00, a significant decrease from CNY 7,935,865.47 in the previous period[44] - Operating profit for the current period is reported at CNY -14,672,531.17, compared to CNY -10,779,468.64 in the previous period, indicating a worsening performance[45] - The net profit for the current period is CNY -14,633,648.16, which is a decline from CNY -10,795,805.64 in the previous period[45] - The total comprehensive income for the current period is CNY -14,633,648.16, compared to CNY -10,795,805.64 in the previous period[46] Cash Flow and Liquidity - The net cash flow from operating activities improved by 47.77%, amounting to -¥16,383,873.35 compared to -¥31,366,248.22 in the previous year[8] - Cash received from sales increased by 140.08% year-on-year, amounting to ¥9,548,955.88, due to active collection efforts[18] - Operating cash inflow totaled ¥17,200,285.00, reflecting a 52.95% increase compared to the previous year, driven by improved cash collection[18] - Cash paid for purchasing goods and services decreased by 43.41% to ¥5,495,283.64, primarily due to reduced prepayments for timber asset transfers[18] - Cash outflow for investment activities decreased by 72.67% to ¥62,592.99, as the company reduced expenditures on fixed and intangible assets[19] - Cash received from borrowings doubled to ¥261,000,000.00, reflecting a 100% increase year-on-year due to new bank loans[19] - Net cash flow from financing activities surged by 908.74% to ¥241,681,188.33, driven by increased bank borrowings and reduced dividend payments[20] - The net increase in cash and cash equivalents reached ¥225,234,721.99, marking a 466.36% rise compared to the previous year[20] - The ending balance of cash and cash equivalents was ¥291,565,394.61, up 228.54% year-on-year, attributed to higher bank deposits[20] - Cash and cash equivalents increased to CNY 289,500,746.24 as of March 31, 2020, compared to CNY 59,314,088.72 at the end of 2019, showing a substantial increase of about 387.5%[36] - The net cash flow from operating activities for Q1 2020 was -11,431,937.82 CNY, an improvement from -32,424,821.58 CNY in the same period last year[51] - The net increase in cash and cash equivalents for the period was 230,186,657.52 CNY, compared to a decrease of -62,397,518.39 CNY in Q1 2019[53] Assets and Liabilities - Total assets increased by 13.35% to ¥1,896,400,379.64 from ¥1,673,114,251.58 at the end of the previous year[8] - Total assets as of March 31, 2020, amounted to CNY 1,770,803,525.52, an increase from CNY 1,537,928,108.83 at the end of 2019, reflecting a growth of about 15.1%[36] - Current assets totaled CNY 1,543,723,615.80 as of March 31, 2020, compared to CNY 1,310,363,008.00 at the end of 2019, marking an increase of approximately 17.8%[36] - Total liabilities reached CNY 1,159,704,973.71 as of March 31, 2020, up from CNY 912,195,908.86 at the end of 2019, indicating a rise of about 27.1%[37] - The company's long-term borrowings rose by 49.81% to ¥718,073,042.23, primarily due to increased bank loans[15] - The company's long-term borrowings rose to CNY 718,073,042.23 as of March 31, 2020, compared to CNY 479,333,081.93 at the end of 2019, indicating an increase of about 49.9%[37] - Total liabilities amounted to CNY 912,195,908.86, with current liabilities at CNY 422,537,207.99 and non-current liabilities at CNY 489,658,700.87[59] - The company's total equity attributable to shareholders was CNY 611,098,551.81 as of March 31, 2020, down from CNY 625,732,199.97 at the end of 2019, reflecting a decrease of approximately 2.3%[37] - The company's total equity attributable to shareholders was 751,637,589.38 CNY as of Q1 2020[57] Operational Efficiency - The company reported a significant reduction in sales expenses, which decreased by 57.95% to ¥224,498.22 due to lower main business income[16] - Total operating costs for Q1 2020 were CNY 18,404,064.46, down from CNY 22,811,993.11 in Q1 2019, indicating a decrease of about 19.5%[40] - Total operating expenses, including sales and management expenses, have decreased compared to the previous period, with management expenses at CNY 4,899,488.59 down from CNY 6,093,520.53[44] - The company reported investment income of CNY 368,320.09, slightly up from CNY 345,830.13 in the previous period[45] Audit and Reporting - The first quarter report was not audited, indicating that the figures may be subject to adjustments[60]