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丰元股份(002805) - 2020 Q1 - 季度财报
FENGYUANFENGYUAN(SZ:002805)2020-04-23 16:00

Revenue and Profitability - Revenue for Q1 2020 was CNY 66,879,655.79, a decrease of 39.37% compared to CNY 110,315,071.77 in the same period last year[8] - Net profit attributable to shareholders was CNY 1,039,441.68, down 86.21% from CNY 7,536,033.57 year-on-year[8] - Total operating revenue for Q1 2020 was CNY 66,879,655.79, a decrease from CNY 110,315,071.77 in the previous period[36] - Net profit for Q1 2020 was CNY 1,039,441.68, significantly lower than CNY 7,536,033.57 in the same period last year, reflecting a challenging market environment[38] - Earnings per share for Q1 2020 was CNY 0.01, compared to CNY 0.078 in the previous year, showing a decline in profitability[39] - The total comprehensive income for Q1 2020 was CNY 1,039,441.68, down from CNY 7,536,033.57, highlighting a significant decline in overall financial performance[39] - Total comprehensive income for the first quarter was CNY 1,026,363.89, compared to CNY 3,478,994.63 in the previous period[43] Cash Flow and Liquidity - Net cash flow from operating activities increased by 332.52% to CNY 12,962,320.99, compared to a negative cash flow of CNY 5,574,659.26 in the previous year[8] - Cash inflow from operating activities amounted to CNY 81,332,401.63, an increase from CNY 60,687,331.16 in the previous period[45] - Cash outflow from investing activities totaled CNY 2,974,639.24, down from CNY 77,616,723.69 in the previous period[46] - Cash inflow from financing activities was CNY 69,234,969.14, a substantial increase from CNY 1,555,185.78 in the previous period[47] - The company reported a net increase in cash and cash equivalents of CNY -9,353,213.62, compared to a decrease of CNY -48,151,553.96 in the previous period[47] - The company received CNY 50,000,000.00 from financing activities, indicating a strategic move to bolster liquidity[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 951,799,968.77, an increase of 2.59% from CNY 927,805,231.91 at the end of the previous year[8] - The company's current assets totaled CNY 438,769,486.53, up from CNY 411,880,012.98, indicating an increase of about 6.5%[28] - Total liabilities increased to CNY 365,762,314.64 from CNY 342,781,536.21, which is an increase of about 6.7%[30] - The company's short-term borrowings rose to CNY 145,000,000.00 from CNY 125,000,000.00, reflecting a growth of 16%[30] - The total equity attributable to shareholders increased to CNY 586,037,654.13 from CNY 585,023,695.70, a marginal increase of about 0.2%[31] - Current liabilities totaled CNY 311,781,536.21, with short-term borrowings at CNY 125,000,000.00 and accounts payable at CNY 56,904,933.48[54] Operating Costs and Expenses - The company reported a 39% decrease in operating costs compared to the same period last year, primarily due to sales limitations caused by the pandemic[15] - Total operating costs for Q1 2020 were CNY 65,364,833.82, down from CNY 98,701,960.12 in the previous period, indicating a cost reduction strategy[37] - Research and development expenses for Q1 2020 were CNY 447,791.89, down from CNY 857,020.32, indicating a potential shift in investment strategy[37] - The company reported a financial expense of CNY 1,875,756.19, which is higher than CNY 873,036.31 in the previous period, reflecting increased borrowing costs[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,287[11] - The company's major shareholder, Zhao Guanghui, holds 43.54% of the shares, with 47,475,000 shares pledged[11] - Owner's equity totaled CNY 580,404,911.94, slightly up from CNY 579,404,031.30, suggesting stability in shareholder value[37] Regulatory and Reporting Changes - The company has not yet audited its first quarter report for 2020[57] - The company is implementing new revenue and lease standards starting in 2020, which may affect future financial reporting[57]