*ST柏龙(002776) - 2020 Q1 - 季度财报

Financial Performance - The company's total revenue for Q1 2020 was CNY 203,676,619.10, a decrease of 39.28% compared to the same period last year[8] - Net profit attributable to shareholders increased by 7.07% to CNY 56,545,730.51, while net profit excluding non-recurring items rose by 14.88% to CNY 50,286,763.06[8] - Net profit for Q1 2020 was CNY 56,181,258.71, compared to CNY 52,527,023.52 in the same period last year, representing an increase of approximately 12.6%[39] - Basic and diluted earnings per share for Q1 2020 were both CNY 0.11, up from CNY 0.10 in the previous year[40] - The total comprehensive income for Q1 2020 was CNY 50,668,211.76, a decrease of 9.8% from CNY 56,047,896.97 in Q1 2019[44] Cash Flow - The company reported a net cash flow from operating activities of CNY 60,210,641.44, down 12.98% year-on-year[8] - Cash flow from operating activities for Q1 2020 was CNY 60,210,641.44, a decrease of 13.5% from CNY 69,189,799.65 in Q1 2019[47] - Total cash inflow from operating activities was CNY 252,843,768.52, compared to CNY 321,732,916.73 in the previous year, indicating a decline of 21.4%[46] - Cash flow from investing activities showed a net outflow of CNY 28,713,903.44, contrasting with a net inflow of CNY 21,949,654.50 in Q1 2019[47] - Cash flow from financing activities resulted in a net inflow of CNY 151,577,431.57, compared to a net outflow of CNY 158,935,113.89 in the same period last year[48] Assets and Liabilities - The company's total assets increased by 5.34% to CNY 3,309,854,327.57 compared to the end of the previous year[8] - Total assets as of Q1 2020 amounted to CNY 3,591,888,144.48, an increase from CNY 3,324,707,900.46[35] - Total liabilities for Q1 2020 were CNY 1,066,631,921.69, compared to CNY 850,137,083.54 in the previous period[35] - The total current liabilities rose to CNY 784,884,928.55 from CNY 672,797,433.74, marking an increase of around 16.63%[31][32] - The company's total equity as of March 31, 2020, was CNY 2,483,395,054.41, up from CNY 2,427,196,601.59, which is an increase of about 2.32%[32] Operational Changes - The company experienced a significant decline in its original clothing business due to the COVID-19 pandemic, impacting sales channels and retail operations[16] - New protective products, including masks and protective clothing, saw strong sales during the pandemic, contributing positively to the company's revenue[16] - The company is adjusting its sales model by closing some retail stores and utilizing new sales channels[16] Inventory and Receivables - The company maintained a stable level of inventory, with a slight increase from CNY 55,828,506.69 to CNY 66,395,859.49, which is an increase of approximately 18.5%[29][32] - Accounts receivable decreased to CNY 187,595,953.80 from CNY 233,371,642.36, indicating a decline of approximately 19.6%[29][32] Financial Management - The company reported no overdue or unrecoverable amounts related to entrusted financial management, indicating a stable financial management strategy[21] - The company has not engaged in any derivative investments during the reporting period, reflecting a conservative investment approach[21] - There were no instances of non-operational fund occupation by controlling shareholders or related parties during the reporting period, ensuring financial integrity[23] Research and Development - Research and development expenses for Q1 2020 were CNY 2,280,058.96, down from CNY 5,214,955.01 in the previous period[38] - The company did not conduct any research, communication, or interview activities during the reporting period, indicating a focus on internal operations[24] Other Financial Metrics - The weighted average return on equity was 2.30%, slightly up from 2.25% in the previous year[8] - Basic earnings per share increased by 10.00% to CNY 0.11 per share[8] - The company reported a credit impairment loss of CNY 1,219,779.61, compared to a loss of CNY -2,461,035.50 in the previous period[38] - The company reported a credit impairment loss of CNY 1,312,070.23, compared to CNY 501,502.95 in the previous year[43] Audit and Compliance - The first quarter report was not audited[53] - The company did not apply the new revenue and leasing standards for the first quarter of 2020[52]