山东赫达(002810) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥263,642,943.19, representing a 13.45% increase compared to ¥232,385,596.27 in the same period last year[10] - The net profit attributable to shareholders was ¥38,476,155.10, a 34.96% increase from ¥28,508,610.55 in the previous year[10] - The basic earnings per share (EPS) was ¥0.2073, up 33.40% from ¥0.1554 in the previous year[10] - Net profit for the current period was ¥39,920,114.79, up 36.3% from ¥29,283,097.86 in the same period last year[66] - Operating profit for the current period was ¥48,675,633.42, a 43.7% increase from ¥33,845,931.97 in the previous period[66] - The total profit for the current period was ¥47,236,093.69, an increase of 42.1% from ¥33,240,359.80 in the previous period[66] - The total comprehensive income amounted to CNY 20,827,712.38, an increase from CNY 15,683,905.88 in the previous period, reflecting a growth of approximately 32.3%[76] Cash Flow - The net cash flow from operating activities surged to ¥82,126,496.95, marking a significant increase of 1,582.91% compared to ¥4,880,023.42 in the same period last year[10] - Cash inflow from operating activities reached CNY 253,002,110.21, compared to CNY 199,928,066.55 in the prior period, indicating an increase of about 26.5%[77] - Cash outflow for purchasing goods and services was CNY 98,444,709.65, down from CNY 120,718,452.89, showing a decrease of approximately 18.4%[80] - The cash flow from investment activities showed a net outflow of CNY 63,404,684.72, worsening from a net outflow of CNY 29,215,293.68 in the previous period[84] - The cash flow from financing activities resulted in a net outflow of CNY 61,801,632.70, compared to a net inflow of CNY 28,268,951.68 in the prior year[83] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,446,231,318.21, a decrease of 2.41% from ¥1,481,924,303.11 at the end of the previous year[10] - The total liabilities decreased to CNY 470,219,579.24 from CNY 547,987,574.88, representing a reduction of approximately 14.2%[48] - Current liabilities totaled CNY 327,083,366.72, down from CNY 396,034,292.72, indicating a decrease of about 17.4%[48] - Non-current liabilities decreased to CNY 143,136,212.52 from CNY 151,953,282.16, a decline of approximately 5.8%[48] - Cash and cash equivalents decreased to CNY 99,263,928.42 from CNY 172,001,098.14, a decline of approximately 42.3%[52] Shareholder Information - The company had a total of 12,646 common shareholders at the end of the reporting period[14] - The top shareholder, Bi Xinde, held 30.01% of the shares, with a total of 57,099,161 shares, of which 20,697,600 shares were pledged[14] - The total equity attributable to shareholders increased to CNY 955,117,907.95 from CNY 914,486,856.90, reflecting a growth of about 4.4%[51] Investment and Income - The company received government subsidies amounting to ¥1,407,288.61 during the reporting period[10] - Investment income rose by 1531.61% due to increased income from long-term equity investments accounted for using the equity method[26] - Cash received from investment income increased by 159.00% due to higher returns from financial investments[26] - Other income for the current period was reported at ¥1,407,288.61, down from ¥2,002,443.21 in the previous period, a decrease of 29.6%[66] - Investment income for the current period was ¥3,209,371.06, a significant increase from ¥196,700.00 in the previous period[66] Expenses - Research and development expenses increased to ¥10,867,233.99, representing a 21% rise from ¥8,985,156.11 in the previous period[66] - Tax expenses for the current period amounted to ¥7,315,978.90, up from ¥3,957,261.94 in the previous period, indicating an increase of 84.5%[66] - Financial expenses decreased by 97.34% due to increased foreign exchange gains[26] - The company reported a financial expense of ¥172,499.11, significantly lower than ¥6,494,099.94 in the previous period[66] Changes in Financial Position - Trading financial assets decreased by 100.00% due to floating losses from forward foreign exchange contracts[26] - Accounts receivable financing decreased by 43.64% primarily due to the reclassification of receivables to financial assets measured at fair value[26] - Long-term equity investments increased by 100.00% as a result of capital increase in the U.S. subsidiary[26] - Other non-current assets surged by 1307.99% due to increased prepayments for land transfer fees by a subsidiary[26] - Long-term receivables increased significantly to CNY 148,801,952.02 from CNY 95,694,679.07, representing a growth of approximately 55.5%[55] Compliance and Standards - The company reclassified inventory to contract assets and prepayments to contract liabilities as per the new revenue standards effective January 1, 2020[94] - The company has implemented new revenue recognition standards since January 1, 2020, affecting the classification of contract assets and liabilities[101] - The first quarter report was not audited, which may impact the reliability of the financial data presented[102]