昇兴股份(002752) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥395,221,127.03, a decrease of 19.57% compared to ¥491,384,391.44 in the same period last year[7] - Net profit attributable to shareholders was ¥7,198,272.39, down 48.01% from ¥13,845,494.12 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥4,156,446.93, a decline of 47.42% compared to ¥7,904,896.06 in the previous year[7] - Operating profit fell by 74.62% to ¥4,620,836.67, significantly impacted by a decrease in main business income compared to the same period last year[15] - Total profit decreased by 75.23% to ¥4,655,122.66, reflecting the adverse effects of the pandemic on business operations[15] - The net profit for Q1 2020 was CNY 5,821,957.27, compared to CNY 11,568,454.26 in the same period last year, reflecting a decline of approximately 49%[40] - The total comprehensive income attributable to the parent company was CNY 7,548,028.36, down from CNY 13,844,914.75 in the previous period[44] Cash Flow - The net cash flow from operating activities increased by 224.34% to ¥6,251,917.61 from ¥1,927,568.41 in the same period last year[7] - Cash flow from operating activities increased to CNY 6,251,917.61, an increase from CNY 1,927,568.41 in the previous period[48] - The company reported a net cash outflow from financing activities of ¥48,481,775.75, primarily due to the repayment of short-term and long-term borrowings[16] - The net cash flow from financing activities was -$58,803,783.29, an improvement from -$160,625,116.82 in the previous period[52] - The ending cash and cash equivalents balance was $15,803,343.15, a decrease from $41,079,658.32 in the previous period[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,207,095,142.94, a decrease of 10.70% from ¥4,711,344,607.49 at the end of the previous year[7] - The company's current assets decreased from CNY 2,120,243,442.43 on December 31, 2019, to CNY 1,636,211,100.44 on March 31, 2020, representing a reduction of about 22.8%[29] - The total liabilities as of March 31, 2020, were CNY 1,770,074,409.68, down from CNY 1,885,050,846.56 at the end of 2019[36] - The company's total liabilities decreased from CNY 2,821,799,594.15 to CNY 2,311,278,416.36, a decline of approximately 18.1%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,611[10] - The largest shareholder, Shengxing Holdings Limited, holds 69.06% of the shares, totaling 575,398,603 shares[10] - The company did not engage in any repurchase transactions during the reporting period[11] Research and Development - Research and development expenses increased by 199.78% to ¥3,664,259.60, reflecting the company's commitment to innovation and technology advancement[15] - The company’s R&D expenses increased to CNY 3,664,259.60 from CNY 1,222,322.29, indicating a focus on innovation and development[39] Financial Ratios - The weighted average return on equity was 0.39%, down from 0.77% in the previous year, a decrease of 0.38%[7] - Basic and diluted earnings per share for the current period were both CNY 0.0086, compared to CNY 0.0166 in the previous period, reflecting a decrease of 48.8%[44] Other Financial Metrics - Financial expenses rose by 44.36% to ¥15,610,553.98, mainly due to increased interest on long-term loans[15] - Other income decreased by 51.97% to ¥3,507,196.07, resulting from a reduction in government subsidies received[15] - The company received government subsidies amounting to ¥3,507,196.07 during the reporting period[8] - The company experienced a foreign exchange loss of CNY 579.37, impacting the overall financial results[44] Inventory and Receivables - Accounts receivable decreased by 31.97% to ¥439,178,913.28, attributed to the recovery of overdue receivables[14] - The company’s inventory increased from CNY 409,681,454.88 to CNY 498,763,608.68, representing an increase of approximately 21.7%[29] - The inventory increased to CNY 83,778,602.52 from CNY 61,675,815.71, showing a rise of approximately 35.8%[33]