富煌钢构(002743) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥544,079,629.74, a decrease of 35.47% compared to ¥843,113,686.94 in the same period last year[7]. - The net profit attributable to shareholders was ¥1,234,195.60, down 90.02% from ¥12,362,180.28 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was -¥937,388.85, a decline of 107.52% compared to ¥12,463,039.72 in the previous year[7]. - Basic and diluted earnings per share were both ¥0.0037, down 90.75% from ¥0.04 in the previous year[7]. - Total operating revenue decreased by 35.47% to CNY 544,079,629.74, primarily due to reduced sales volume impacted by the pandemic[15]. - Net profit fell by 85.69% to CNY 1,551,012.08, reflecting the significant decline in sales volume[15]. - The company's operating profit decreased to CNY 4,807,278.54 from CNY 14,854,774.56, marking a decline of approximately 67.7%[39]. - The company reported a total profit of CNY 5,839,893.33, down from CNY 14,572,834.75, a decrease of approximately 60%[39]. Cash Flow - The net cash flow from operating activities was -¥65,572,183.02, a significant decrease of 308.39% from ¥31,465,893.16 in the same period last year[7]. - Cash flow from operating activities showed a net outflow of CNY -65,572,183.02, a decrease of 308.39% compared to the previous period[15]. - Total cash inflow from operating activities was 1,085,583,961.43 CNY, while cash outflow was 1,151,156,144.45 CNY, resulting in a net cash flow of -65,572,183.02 CNY[47]. - Cash inflow from financing activities was 260,417,544.17 CNY, significantly higher than 132,000,000.00 CNY in the previous period[48]. - The net cash flow from financing activities was 113,504,538.80 CNY, compared to -141,777,433.78 CNY in the previous period, indicating a positive shift[48]. - The net cash flow from investing activities was -26,747,328.32 CNY, an improvement from -44,324,883.64 CNY in the previous period[48]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,590,745,770.19, a decrease of 1.15% from ¥7,678,994,231.05 at the end of the previous year[7]. - Total liabilities decreased to CNY 5,378,948,476.17 from CNY 5,469,204,731.68[31]. - Current liabilities totaled CNY 4,786,047,030.02, slightly down from CNY 4,793,739,094.34[31]. - Non-current liabilities decreased to CNY 592,901,446.15 from CNY 675,465,637.34[31]. - Owner's equity increased to CNY 2,211,797,294.02 from CNY 2,209,789,499.37[32]. - The total liabilities to total assets ratio is approximately 71.2%, indicating a high level of leverage[54]. Inventory and Costs - Total operating costs decreased by 31.98% to CNY 566,176,239.88, also attributed to the pandemic's effect on sales[15]. - Inventory decreased by 79.04% to CNY 495,434,208.40, mainly due to the implementation of new revenue recognition standards[15]. - The company reported a significant decrease in inventory, down by CNY 1,913,620,624.55 compared to the previous period[54]. - Cash paid for purchasing goods and services was 833,666,737.01 CNY, compared to 711,400,657.23 CNY in the previous period, indicating increased operational costs[50]. Shareholder Information - The net assets attributable to shareholders at the end of the reporting period were ¥2,172,802,818.84, an increase of 0.08% from ¥2,171,111,840.64 at the end of the previous year[7]. - The total number of ordinary shareholders at the end of the reporting period was 25,528[11]. Research and Development - Research and development expenses decreased by 40.65% to CNY 17,971,739.27, reflecting reduced investment during the pandemic[15]. - Research and development expenses were CNY 17,971,739.27, down from CNY 30,279,279.45, indicating a reduction of about 40.5%[39]. Other Income and Gains - The company reported non-recurring gains of ¥2,171,584.45, primarily from government subsidies and other income[8]. - Other income for the first quarter was CNY 1,714,914.76, compared to CNY 235,130.74 in the previous year, indicating an increase of about 628%[39]. - The company experienced a significant increase in interest income, which rose to CNY 5,074,942.76 from CNY 936,853.11, representing a growth of approximately 442%[39]. Future Outlook - The company is implementing new revenue and leasing standards starting in 2020, which may affect future financial reporting[58].