海欣食品(002702) - 2020 Q1 - 季度财报

Financial Performance - Revenue for Q1 2020 was CNY 330,439,262.56, an increase of 5.29% compared to CNY 313,836,963.02 in the same period last year[7]. - Net profit attributable to shareholders was CNY 21,769,405.05, representing a significant increase of 66.40% from CNY 13,082,796.02 year-on-year[7]. - Net profit excluding non-recurring gains and losses reached CNY 20,589,681.32, up 81.47% from CNY 11,345,820.58 in the previous year[7]. - Basic earnings per share increased to CNY 0.0453, a rise of 66.54% compared to CNY 0.0272 in the same period last year[7]. - Operating profit rose by 39.33% to ¥26,152,975.63, attributed to increased revenue and improved gross margin[14]. - The company expects net profit for the first half of 2020 to increase by over 50% year-on-year, with projections ranging from ¥20,000,000 to ¥30,000,000[17]. - The company reported a 66.40% increase in net profit attributable to shareholders, reaching ¥21,769,405.05[14]. - The net profit for the first quarter reached CNY 21,769,405.05, compared to CNY 13,082,796.02 in the same period last year, representing a growth of approximately 66.5%[39]. - The operating profit increased to CNY 26,152,975.63, up from CNY 18,770,554.52, indicating a rise of about 39.5%[39]. - The basic earnings per share for the first quarter was CNY 0.0453, compared to CNY 0.0272 in the same period last year, marking an increase of approximately 66.5%[40]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 16,524,182.35, down 35.39% from CNY 25,575,175.85 in the previous year[7]. - Cash and cash equivalents at the end of the period increased by 24.95% to ¥111,060,069.92, reflecting overall financial improvements[15]. - Operating cash flow net amount for Q1 2020 was CNY 16,524,182.35, a decrease of 35.4% compared to CNY 25,575,175.85 in Q1 2019[47]. - The net increase in cash and cash equivalents for Q1 2020 was CNY 27,203,180.06, compared to a slight increase of CNY 463,282.96 in Q1 2019[48]. - Total cash and cash equivalents at the end of Q1 2020 reached CNY 111,060,069.92, up from CNY 88,886,543.01 at the end of Q1 2019[48]. - Cash inflow from operating activities was CNY 369,030,474.84, up from CNY 343,693,832.45 in Q1 2019, marking an increase of 7.4%[50]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,176,751,066.78, a decrease of 1.61% from CNY 1,196,050,342.93 at the end of the previous year[7]. - Total liabilities decreased to CNY 366,516,063.04 from CNY 407,584,744.24, reflecting a reduction of approximately 10.1%[30]. - Current liabilities totaled CNY 356,647,910.49, down from CNY 406,009,988.69, showing a decline of about 12.2%[30]. - The total equity attributable to shareholders increased to CNY 810,235,003.74 from CNY 788,465,598.69, reflecting a growth of approximately 2.4%[31]. - The company's retained earnings increased to CNY 194,487,085.57 from CNY 172,717,680.52, showing a growth of about 12.5%[31]. - The total non-current assets as of January 1, 2020, were CNY 578,962,009.71[58]. Expenses and Costs - Research and development expenses decreased by 42.78% to ¥2,803,550.14 due to reduced investment in R&D during the reporting period[14]. - The total operating costs amounted to CNY 307,394,717.73, compared to CNY 300,381,108.27 in the previous period, showing a slight increase of about 2.4%[39]. - The sales expenses decreased significantly to CNY 38,528,002.07 from CNY 69,320,445.28, a reduction of approximately 44.4%[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,535[10]. - Net assets attributable to shareholders increased to CNY 810,235,003.74, reflecting a growth of 2.76% from CNY 788,465,598.69 at the end of the previous year[7]. Other Financial Information - The company reported non-recurring gains and losses totaling CNY 1,179,723.73 for the reporting period[8]. - The company has no overdue commitments or non-operating fund occupation by controlling shareholders during the reporting period[22]. - The company reported a credit impairment loss of CNY 908,406.80, down from CNY 2,245,960.64, representing a decrease of approximately 59.6%[39]. - The company has not audited its first-quarter report for 2020[60].