微光股份(002801) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was CNY 169,312,172.28, representing a 2.38% increase compared to CNY 165,371,081.32 in the same period last year[9]. - Net profit attributable to shareholders for Q1 2020 was CNY 43,006,324.52, a significant increase of 37.60% from CNY 31,255,293.73 in the previous year[9]. - The net profit after deducting non-recurring gains and losses was CNY 33,925,845.25, up 35.73% from CNY 24,994,989.64 year-on-year[9]. - The basic earnings per share for Q1 2020 was CNY 0.37, an increase of 37.04% compared to CNY 0.27 in the same period last year[9]. - The total revenue for the first quarter of 2020 was 2,443.8 million, representing a 4.98% decrease compared to the previous period[35]. - The company reported a net profit of 5,461.11 million, with a decrease of 153.65 million from the previous period[35]. - Net profit for Q1 2020 reached CNY 42,969,540.70, representing a 37.5% increase from CNY 31,269,963.98 in Q1 2019[55]. - Operating profit for Q1 2020 was CNY 50,261,387.10, up 40.0% from CNY 35,865,690.06 in the previous year[55]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,254,306,883.13, reflecting a 2.02% increase from CNY 1,229,511,273.56 at the end of the previous year[9]. - The total liabilities decreased to CNY 193,732,463.28 from CNY 210,349,664.77, indicating a reduction of approximately 7.9%[47]. - The total current assets amounted to ¥1.04 billion, slightly up from ¥1.02 billion, reflecting a growth of 1.1%[45]. - The total current assets were reported at CNY 943,618,080.26, with inventory valued at CNY 75,004,985.43[75]. - The company's total non-current liabilities were CNY 2,145,543.44, indicating a low long-term debt burden[73]. Cash Flow - The net cash flow from operating activities was negative at CNY -8,294,854.24, a decline of 147.97% compared to CNY 17,292,499.34 in the same period last year[9]. - Cash flow from investing activities improved by 190.56% to ¥51,178,162.72, primarily due to a reduction in the purchase of financial products[18]. - The cash outflow for operating activities was 138,533,847.03 CNY, up from 116,807,036.30 CNY in the previous period[67]. - The company reported a total cash balance of CNY 74,639,335.32 and trading financial assets of CNY 563,564,690.14[75]. Shareholder Information - The total number of shareholders at the end of the reporting period was 9,938[13]. - The net assets attributable to shareholders increased by 4.28% to CNY 1,058,615,655.55 from CNY 1,015,175,788.10 at the end of the previous year[9]. - The total equity attributable to shareholders rose to CNY 1,058,615,655.55 from CNY 1,015,175,788.10, indicating an increase of approximately 4.3%[48]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 2,763,012.02 during the reporting period[10]. - Other income rose by 71.13% to ¥2,763,012.02, attributed to an increase in government subsidies received[18]. - The company reported a tax expense of CNY 7,016,177.83 for Q1 2020, compared to CNY 4,679,991.46 in the previous year, an increase of 49.8%[55]. Risk Management and Compliance - The company has identified several risks associated with derivative trading, including market risk, liquidity risk, and operational risk, and has established control measures[35]. - The company has established a risk control system for futures trading, ensuring that hedging activities are limited to actual procurement quantities[36]. - The company is actively monitoring the performance of its derivative positions to ensure compliance with its risk management policies[35]. Investment Activities - The company has a financial asset portfolio that includes money market instruments and fixed income products[27]. - The company reported a financial asset return of 6.10% on a trust product of 4,000 million CNY, yielding a return of 60.16 million CNY[30]. - The company has a derivative investment in copper futures with a total initial investment of 0, resulting in a loss of 135.67 million CNY during the reporting period[32].