久远银海(002777) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥107,836,726.26, a decrease of 14.59% compared to ¥126,257,210.73 in the same period last year[8]. - Net profit attributable to shareholders was ¥10,249,017.29, down 26.92% from ¥14,024,418.08 year-on-year[8]. - The company's net profit for Q1 2020 was CNY 9,096,610.86, a decrease of 35.78% compared to CNY 14,164,963.64 in Q1 2019[20]. - Net profit for the current period was ¥9,096,610.86, down 35.8% from ¥14,164,963.64 in the previous period[58]. - The total profit for the period was 16,019,007.31, a decrease of 14.5% compared to 18,739,644.27 in the previous period[65]. - Net profit for the period was 14,653,334.75, down from 15,436,764.39, representing a decline of 5.1%[68]. - Operating profit was reported at 18,003,198.26, slightly lower than 18,704,581.96 from the previous period[65]. - The company's total comprehensive income for the current period was ¥9,096,610.86, compared to ¥14,164,963.64 in the previous period[60]. - The total comprehensive income for the period was 14,653,334.75, compared to 15,436,764.39 in the previous period[68]. Cash Flow - The net cash flow from operating activities was -¥119,383,011.74, representing a decline of 28.44% compared to -¥92,947,202.29 in the previous year[8]. - Cash flow from operating activities was 100,903,703.80, a decrease from 109,948,107.65 in the previous period[69]. - The company experienced a 106.60% decrease in cash flow from investing activities, with a net outflow of CNY -6,359,761.50 compared to CNY 96,416,685.29 in Q1 2019[23]. - Cash flow from investing activities showed a net outflow of 6,359,761.50, contrasting with a net inflow of 96,416,685.29 in the previous period[72]. - Cash flow from financing activities resulted in a net outflow of 1,232,000.00, compared to 225,000.00 in the previous period[75]. - The company reported a decrease in cash and cash equivalents, ending the period with 661,871,270.11, down from 760,523,419.99[75]. - The net cash inflow from investment activities was approximately CNY 2.06 million, a significant decrease from CNY 99.07 million in the previous period[79]. - The total cash and cash equivalents at the end of the period were CNY 428 million, down from CNY 558 million at the beginning of the period, reflecting a net decrease of CNY 76 million[79]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,968,725,733.44, down 3.75% from ¥2,045,383,667.36 at the end of the previous year[8]. - Total assets decreased from ¥2,045,383,667.36 to ¥1,968,725,733.44, a decline of approximately 3.8%[44]. - Non-current assets increased from ¥366,392,575.35 to ¥373,891,719.03, an increase of about 2.3%[44]. - Current liabilities decreased from ¥746,589,826.15 to ¥659,163,783.31, a reduction of approximately 11.7%[42]. - Total liabilities decreased from ¥796,342,662.38 to ¥707,971,320.51, a decline of approximately 11.1%[42]. - Total liabilities decreased to ¥600,489,791.08 from ¥661,217,852.62, a reduction of 9.2%[52]. - The total liabilities decreased to CNY 793 million from CNY 796 million, showing a reduction of CNY 3 million[86]. - Total equity increased from ¥1,249,041,004.98 to ¥1,260,754,412.93, an increase of about 0.9%[45]. - The company's equity attributable to shareholders increased to CNY 1.14 billion, up from CNY 1.13 billion, reflecting an increase of CNY 3.18 million[86]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,098[13]. - Basic earnings per share decreased by 25.00% to ¥0.06 from ¥0.08 in the same period last year[8]. - Earnings per share (basic and diluted) for the current period were both ¥0.06, compared to ¥0.08 in the previous period[61]. - Basic and diluted earnings per share were both 0.07, down from 0.09 in the previous period[68]. Government Support and Donations - The company received government subsidies amounting to ¥2,756,476.59 during the reporting period[8]. - Other income increased significantly by 240.74% to CNY 2,756,476.59, mainly due to increased government subsidies[20]. - The company reported a significant impact from donations of ¥2,000,000 to the Hubei Charity Federation during the pandemic[8]. Adjustments and Compliance - The company adjusted its financial statements according to the new revenue recognition standards, impacting accounts receivable by a decrease of approximately 53.29 million[92]. - The adjustment also resulted in a decrease of inventory by about 1.08 million and an increase in contract assets by approximately 54.65 million[92]. - The company reported an increase in undistributed profits by approximately 1.90 million due to the adjustments made[92]. - The first quarter report for 2020 was not audited, indicating a preliminary financial status[93]. - The company is focused on compliance with the revised accounting standards, which may affect future financial reporting and performance metrics[92].