乔治白(002687) - 2020 Q1 - 季度财报

Financial Performance - Revenue for Q1 2020 was CNY 184,106,110.71, a decrease of 16.29% compared to CNY 219,945,313.47 in the same period last year[8] - Net profit attributable to shareholders was CNY 13,860,139.62, down 13.84% from CNY 16,086,828.84 year-on-year[8] - Basic and diluted earnings per share decreased by 20.00% to CNY 0.04 from CNY 0.05 in the same period last year[8] - Net profit for Q1 2020 was CNY 13,009,548.65, compared to CNY 17,606,273.94 in the same period last year, representing a decline of approximately 26.1%[38] - The net profit for the first quarter of 2020 was CNY 15,693,285.18, a slight increase from CNY 15,336,908.77 in the same period last year, representing a growth of 2.34%[42] - The total profit for the first quarter was CNY 22,015,329.28, compared to CNY 21,291,584.06 in the previous year, indicating an increase of 3.41%[42] - The operating profit for the first quarter was CNY 24,651,742.73, up from CNY 21,653,649.33, reflecting a growth of 13.83%[42] Cash Flow - Net cash flow from operating activities was negative CNY 146,006,174.36, worsening by 21.50% compared to negative CNY 120,168,100.37 in the previous year[8] - The cash flow from operating activities showed a net outflow of CNY -146,006,174.36, worsening from CNY -120,168,100.37 in the previous year[46] - The cash flow from investment activities resulted in a net outflow of CNY -2,141,472.21, compared to CNY -16,786,604.82 in the same period last year, indicating an improvement[47] - The cash flow from financing activities generated a net inflow of CNY 368,659.48, contrasting with a net outflow of CNY -4,584,298.88 in the previous year[47] - The total cash outflow from operating activities was CNY 359,124,264.30, compared to CNY 332,432,958.40 in the previous year, reflecting an increase of 8.00%[46] - The net cash flow from investment activities was -9,578,769.12 CNY, an improvement from -16,165,512.95 CNY in the previous year[50] Assets and Liabilities - Total assets decreased by 9.02% to CNY 1,505,084,912.36 from CNY 1,654,276,476.37 at the end of the previous year[8] - As of March 31, 2020, the company's total assets amounted to CNY 1,505,084,912.36, a decrease from CNY 1,654,276,476.37 at the end of 2019[28][31] - Total current liabilities decreased to CNY 294,553,176.37 from CNY 455,470,720.36, a decline of about 35.4%[30] - Total liabilities decreased from CNY 383,771,665.74 to CNY 249,647,770.14, a decline of about 34.9%[34] - The company's total equity increased to CNY 1,180,343,102.50 from CNY 1,167,333,553.85, reflecting a growth of approximately 1.1%[31] - The company’s total equity increased from CNY 1,064,060,235.63 to CNY 1,079,753,520.81, reflecting a growth of approximately 1.5%[34] Income and Expenses - Total operating revenue for Q1 2020 was CNY 184,106,110.71, a decrease from CNY 219,945,313.47 in the previous period[36] - Total operating costs for Q1 2020 were CNY 164,827,846.90, down from CNY 188,155,464.80 year-over-year[37] - The company reported a decrease in sales expenses from CNY 42,394,106.31 to CNY 33,649,671.58, a reduction of approximately 20.5%[37] - Research and development expenses increased from CNY 6,070,595.99 to CNY 7,591,125.66, an increase of about 25.0%[37] - The company recorded other income of CNY 9,443,391.82, up from CNY 4,568,042.98, indicating an increase of about 106.0%[37] - Non-operating income increased significantly by 15,817.39% due to an increase in government subsidies related to non-routine activities[16] - Other income rose by 106.73% primarily due to government subsidies received by the company[16] Inventory and Receivables - Accounts receivable increased to CNY 265,830,085.69, up from CNY 243,908,302.84, indicating a growth of about 9%[28] - Inventory decreased to CNY 316,440,903.63 from CNY 328,025,700.86, a reduction of approximately 3.5%[28] - The company’s inventory stood at 328,025,700.86 CNY, indicating a significant investment in stock[53] Financial Management and Compliance - The company reported no overdue or unrecoverable amounts in its entrusted financial management activities[20] - There were no derivative investments or violations regarding external guarantees during the reporting period[21][22] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[22] - The company has implemented new revenue and leasing standards starting from 2020, affecting financial reporting[51] - The company has not yet audited its first-quarter report for 2020[57] Stakeholder Engagement - The company conducted an on-site investigation with institutional investors on January 6, 2020, indicating ongoing engagement with stakeholders[23]