燕塘乳业(002732) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥258,493,987.95, representing a decrease of 8.13% compared to ¥281,369,991.37 in the same period last year[7]. - The net profit attributable to shareholders was ¥854,641.86, a significant decline of 92.19% from ¥10,939,546.50 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥2,433,094.01, down 77.82% from ¥10,968,090.53 in the previous year[7]. - Basic and diluted earnings per share were both ¥0.01, down 85.71% from ¥0.07 in the previous year[7]. - The weighted average return on equity was 0.08%, down 1.13% from 1.21% year-on-year[7]. - The company reported a total profit of approximately ¥2.02 million for the first quarter, a decrease of about 84.8% from ¥13.30 million in the previous year[36]. - The total comprehensive income for the first quarter was approximately ¥1.65 million, down from ¥12.15 million in the previous year, reflecting a decline of about 86.4%[37]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥2,416,501.98, a decrease of 136.79% compared to ¥6,568,010.27 in the same period last year[7]. - Cash flow from operating activities was approximately ¥275 million, down from ¥316 million in the previous period, indicating a decrease of about 12.9%[43]. - The net cash flow from operating activities was -2,416,501.98 CNY, compared to 6,568,010.27 CNY in the previous period, indicating a decline in operational cash generation[44]. - Cash and cash equivalents decreased to CNY 59,980,072.53 from CNY 65,857,757.75, indicating a reduction in cash reserves[29]. - Cash and cash equivalents at the end of the period decreased to 93,195,190.72 CNY from 84,520,843.00 CNY, showing a decline in liquidity[45]. - The total cash outflow from operating activities was 277,392,105.83 CNY, down from 309,677,284.11 CNY, indicating reduced operational expenses[44]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,342,035,867.66, an increase of 1.29% from ¥1,324,891,516.17 at the end of the previous year[7]. - Total liabilities increased to CNY 214,554,399.45 from CNY 174,575,073.45, indicating a rise in financial obligations[32]. - Total liabilities amounted to CNY 298,278,852.73, with non-current liabilities totaling CNY 33,388,267.23[52]. - Current assets rose to CNY 570,822,263.83 from CNY 521,802,975.22, showing improved liquidity[29]. - Non-current assets were valued at CNY 678,176,189.64, including long-term equity investments of CNY 439,069,175.00[54]. Expenses and Costs - Total operating costs decreased to CNY 254,117,117.66 from CNY 267,479,677.38, with operating costs specifically down to CNY 176,137,839.67 from CNY 190,287,074.32[35]. - The company incurred a financial expense of approximately ¥323,000, a decrease from ¥597,000 in the previous period, reflecting a reduction of about 45.8%[39]. - The company reported a significant increase in sales expenses to CNY 58,104,790.09 from CNY 55,918,816.68, indicating higher marketing efforts[35]. - The company reported a decrease in sales expenses to approximately ¥45.77 million from ¥41.79 million, indicating an increase of about 9.5%[39]. Shareholder Information - The net assets attributable to shareholders were ¥1,006,235,062.02, a slight increase of 0.09% from ¥1,005,380,420.16 at the end of the previous year[7]. - The total number of ordinary shareholders at the end of the reporting period was 17,902[10]. - Total equity attributable to shareholders reached CNY 1,005,380,420.16, while total equity including minority interests was CNY 1,026,612,663.44[52]. Other Financial Metrics - Financial expenses decreased by 62.41% to RMB 629,032.04 due to a reduction in long-term loans and corresponding interest expenses[14]. - Asset impairment losses were eliminated, showing a 100% decrease from RMB 46,487.33 in the previous year, as no inventory impairment provisions were made this period[14]. - Credit impairment losses increased by 64.85% to RMB -697,696.02, primarily due to an increase in bad debt provisions for accounts receivable[14]. - Other income decreased by 67.64% to RMB 322,491.50, as the previous year included a high-tech enterprise reward of RMB 650,000[14]. - The company reported a 68.22% decrease in income tax expenses to RMB 367,152.69, attributed to a reduction in total profit[14].