小崧股份(002723) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥131,239,126.95, a decrease of 33.69% compared to ¥197,903,278.97 in the same period last year[10] - The net profit attributable to shareholders was a loss of ¥6,154,012.93, representing a decline of 137.80% from a profit of ¥16,279,437.77 in the previous year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥4,409,375.32, down 211.21% from a profit of ¥3,965,066.15 in the same period last year[10] - Net profit decreased by 137.80% to -22,433,450.70 yuan, primarily due to reduced revenue impacted by the pandemic[18] - Operating revenue fell by 33.69% to -66,664,152.02 yuan, mainly due to a decrease in orders caused by the pandemic[18] - Total comprehensive income decreased by 137.68% to -22,819,170.09 yuan, reflecting the overall impact of reduced revenue[18] - The net profit for Q1 2020 was ¥-6,154,012.93, compared to a net profit of ¥16,279,437.77 in the same period last year, indicating a significant decline[43] - The total profit for Q1 2020 was ¥-6,878,044.14, compared to ¥16,522,297.35 in the same period last year[43] Cash Flow - The net cash flow from operating activities was ¥11,379,019.97, a significant improvement of 159.32% compared to a negative cash flow of ¥19,183,980.32 in the previous year[10] - Cash flow from operating activities increased by 159.32% to 30,563,000.29 yuan, attributed to higher sales collections compared to the same period last year[19] - The cash inflow from operating activities was ¥221,781,993.03, an increase from ¥197,556,685.62 in the previous period[50] - The company reported a total operating cash inflow of ¥191,334,056.68 in Q1 2020, slightly up from ¥183,115,630.30 in Q1 2019[54] - The cash paid for purchasing goods and services was ¥115,468,920.10, down from ¥150,339,828.88 in the previous year, indicating a reduction in operational costs[54] - The company recorded a net cash flow from investing activities of -¥8,062,360.85, which is a larger outflow compared to -¥2,281,996.00 in the same period last year[55] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,200,811,373.46, a decrease of 2.82% from ¥1,235,711,329.20 at the end of the previous year[10] - The total assets decreased from 1,235,711,329.20 yuan to 1,200,811,373.46 yuan, indicating a reduction in overall asset value[34] - Total liabilities decreased to CNY 600,597,377.01 from CNY 630,527,115.07[36] - The total liabilities as of the end of Q1 2020 included short-term borrowings of ¥130,630,006.55 and accounts payable of ¥228,309,253.75[58] - The total current liabilities were CNY 578,606,280.77, while non-current liabilities totaled CNY 4,767,425.00, resulting in total liabilities of CNY 582,566,855.77[62] Shareholder Information - The net assets attributable to shareholders at the end of the reporting period were ¥600,213,996.45, down 0.82% from ¥605,184,214.13 at the end of the previous year[10] - The basic earnings per share were -¥0.0321, a decline of 137.68% compared to ¥0.0852 in the same period last year[10] - The diluted earnings per share were also -¥0.0321, reflecting the same percentage decline as the basic earnings per share[10] - The weighted average return on equity was -1.02%, down 3.77% from 2.75% in the previous year[10] - Shareholders' equity totaled CNY 600,213,996.45, slightly down from CNY 605,184,214.13[36] Government and Other Income - The company reported government subsidies amounting to ¥309,450.00 during the reporting period[11] - Other income decreased by 97.00% to -10,000,000.00 yuan, as no significant government subsidies were received during the period[18] - The company recorded other income of ¥285,000.00 in Q1 2020, significantly lower than ¥10,285,000.00 in the previous year[46] Operational Insights - The company recognized revenue of 6,176,342.18 yuan from a construction contract, with a total contract amount of 300,000,000 yuan and a completion percentage of 2.06%[20] - Research and development expenses for Q1 2020 were ¥266,011.82, down from ¥3,635,139.82 in the previous year[46] - The company has not disclosed any new product developments or market expansion strategies in the current report[64] Future Outlook - The company expects net profit for the first half of 2020 to decline by over 50% compared to the same period last year, influenced by the global outbreak of COVID-19[21] Accounting Changes - The company adopted the new revenue recognition and leasing standards starting January 1, 2020, impacting the financial reporting[63] - The first quarter report for 2020 was not audited, indicating preliminary financial results[63]