世嘉科技(002796) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥260,872,520.60, a decrease of 25.67% compared to ¥350,988,515.45 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥3,562,199.08, representing a decline of 124.01% from a profit of ¥14,836,076.97 in the previous year[7] - The net cash flow from operating activities was negative at ¥81,719,840.53, a decrease of 222.18% compared to ¥66,883,734.51 in the same period last year[7] - The basic earnings per share were -¥0.02, down 122.22% from ¥0.09 in the previous year[7] - The company reported a decrease in sales revenue from providing services, which was ¥304,712,452.32, down from ¥369,333,744.04 in the previous period[51] - The net profit for the current period is -¥3,960,203.85, down from a net profit of ¥1,908,494.63 in the previous period, reflecting a negative shift in profitability[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,270,869,617.27, a decrease of 6.62% from ¥2,431,854,690.77 at the end of the previous year[7] - Total current assets decreased to CNY 1,167,959,050.74 as of March 31, 2020, down from CNY 1,338,974,614.95 as of December 31, 2019, representing a decline of approximately 12.7%[35] - Total liabilities decreased to CNY 726,131,001.07 as of March 31, 2020, from CNY 886,185,099.04 as of December 31, 2019, a decline of approximately 18.1%[37] - The total assets of the company stood at ¥2,431,854,690.77, unchanged from the previous reporting period[61] - Total liabilities amounted to ¥886,185,099.04, remaining stable compared to the previous period[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,418[11] - The largest shareholder, Han Yuyu, holds 29.14% of the shares, totaling 49,032,000 shares[11] Government Support and Subsidies - The company received government subsidies amounting to ¥2,025,009.01 during the reporting period, which are closely related to its business[8] - Other income surged by 293.15% to ¥2,025,009.01, mainly due to an increase in government subsidies received[17] Investment and Cash Flow - Cash flow from investment activities has a net inflow of ¥49,532,575.45, a recovery from a net outflow of -¥1,929,493.41 in the previous period[53] - Investment activities generated a net cash flow of ¥53,721,744.01, an increase of 108.5% compared to ¥25,719,855.70 in the previous period[57] Operational Changes and Future Outlook - The company plans to cancel the expansion project of the "Jiabao Communications New Factory" to optimize resource allocation and reduce capital expenditure[20] - The company expects temporary impacts on its financial status and operational results due to the COVID-19 pandemic, with ongoing assessments[19] Changes in Assets and Expenses - Prepayments increased by 30.04% to ¥9,358,299.61, primarily due to an increase in prepaid goods[17] - Construction in progress rose by 57.29% to ¥13,339,347.79, attributed to increased investment in the Jianlin Road Phase II infrastructure project[17] - Research and development expenses increased to CNY 16,018,636.72 in Q1 2020, up from CNY 13,407,862.13 in Q4 2019, showing a focus on innovation[45] Credit and Impairment Losses - The company experienced a credit impairment loss of CNY 3,168,744.69 in Q1 2020, compared to a gain of CNY -3,758,156.10 in the previous quarter[45] - The company incurred a credit impairment loss of ¥237,504.34, significantly lower than ¥5,204,679.75 in the previous period[49]