奋达科技(002681) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥595,642,359.77, a decrease of 12.24% compared to ¥678,726,682.01 in the same period last year[7] - Net profit attributable to shareholders was ¥63,749,534.56, an increase of 31.87% from ¥48,342,946.01 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥52,379,213.96, representing a significant increase of 101.01% compared to ¥26,057,712.92 in the previous year[7] - Basic and diluted earnings per share were both ¥0.0314, reflecting a growth of 34.19% from ¥0.0234 in the previous year[7] - The company reported a net loss of CNY 2,529,381,511.95 in retained earnings, slightly improved from CNY 2,579,131,046.52[33] - The total comprehensive income for Q1 2020 was CNY 61,940,578.93, an increase from CNY 48,258,164.89 in Q1 2019[41] - The total comprehensive income for the first quarter was CNY 28,315,062.53, compared to CNY 27,047,784.15 in the previous year, reflecting an increase of approximately 4.7%[44] Cash Flow - The net cash flow from operating activities was ¥233,765,551.09, up 82.58% from ¥128,037,361.99 in the same period last year[7] - Cash inflow from operating activities totaled CNY 993,704,469.19, down from CNY 1,138,477,018.93, indicating a decrease of about 12.7% year-over-year[46] - The total cash inflow from operating activities was CNY 742,741,642.55, compared to CNY 611,425,915.77 in the previous year, showing an increase of about 21.5%[49] - Cash inflow from investment activities was CNY 492,975,976.74, significantly higher than CNY 158,188,126.03 in the same period last year, marking an increase of about 211.5%[47] - The net cash flow from investment activities was -CNY 106,603,546.14, an improvement from -CNY 302,578,580.18 year-over-year[47] - Cash outflow from financing activities was CNY 461,444,152.91, compared to CNY 146,051,604.18 in the previous year, indicating a substantial increase in cash outflow[47] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,934,816,429.99, an increase of 0.79% from ¥4,896,046,399.16 at the end of the previous year[7] - Current liabilities totaled CNY 1,917,019,007.08, down from CNY 2,368,798,703.70 year-over-year[32] - Non-current liabilities increased to CNY 726,137,585.84 from CNY 344,985,322.00 in the previous period[32] - Total liabilities amounted to CNY 2,643,156,592.92, compared to CNY 2,713,784,025.70 in the previous year[32] - The company reported a decrease in tax payable by 41.17% from 40,671,309.08 to 23,924,972.90, attributed to lower sales in the previous quarter[19] - The company has a total of CNY 691,261,315.73 in accounts payable and CNY 31,496,797.00 in employee compensation payable[57] Shareholder Information - The net assets attributable to shareholders increased by 5.10% to ¥2,290,791,964.19 from ¥2,179,679,922.20 at the end of the previous year[7] - The company had a total of 83,569 common shareholders at the end of the reporting period[10] - Owner's equity attributable to shareholders reached CNY 2,290,791,964.19, up from CNY 2,179,679,922.20[33] Operational Metrics - Accounts receivable decreased by 30.91% from 923,325,128.11 to 637,880,713.51 due to the collection of payments from the peak sales season in the previous quarter[19] - Prepayments increased significantly by 613.24% from 11,748,191.96 to 83,792,296.98, primarily due to advance payments for equipment and materials[19] - Other current assets rose by 47.23% from 50,841,688.05 to 74,854,648.74, mainly due to the arrival of previously prepaid equipment[19] - Long-term borrowings increased by 120.00% from 250,000,000.00 to 550,000,000.00, indicating a rise in long-term financing[19] - Inventory increased from 492,033,005.42 to 564,514,764.30, indicating a 14.69% rise in stock levels[31] Expenses - Research and development expenses for Q1 2020 were CNY 36,824,813.71, a decrease of 9.9% compared to CNY 40,440,577.24 in Q1 2019[39] - The company's financial expenses decreased significantly to CNY 12,312,194.37 from CNY 25,966,758.01, marking a reduction of 52.6%[39] - The company's sales expenses for Q1 2020 were CNY 15,161,111.38, slightly up from CNY 14,208,540.41 in the previous year[39] - The tax expenses for Q1 2020 were CNY 5,399,563.80, compared to CNY 4,629,047.16 in Q1 2019, indicating an increase of 16.6%[40] - The company's total operating costs for Q1 2020 were CNY 552,801,907.02, down from CNY 661,784,537.68 in the same period last year, a decrease of 16.5%[39] Other Information - Government subsidies recognized in the current period amounted to ¥13,661,938.89[7] - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[19] - The company has no new investments or significant acquisitions reported during this quarter[54] - The company has implemented new revenue and lease standards starting in 2020, affecting prior comparative data[61] - The company has not conducted an audit for the first quarter report[61]