桂发祥(002820) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥91,642,651.65, representing a decrease of 41.34% compared to ¥156,214,020.73 in the same period last year[8] - Net profit attributable to shareholders was ¥4,438,809.69, down 84.02% from ¥27,779,911.25 year-on-year[8] - The basic earnings per share decreased by 85.71%, from ¥0.14 to ¥0.02[8] - Total revenue for the reporting period decreased by 41.34% to CNY 91,642,651.65 compared to CNY 156,214,020.73 in the previous period[18] - Net profit for the current period is ¥4,438,809.69, down from ¥27,779,911.25 in the previous period, representing a decline of approximately 84%[45] - Total comprehensive income for the current period is ¥4,416,757.76, significantly lower than ¥27,758,370.53 from the previous period[46] Cash Flow - The net cash flow from operating activities was ¥20,958,453.02, a decline of 36.49% compared to ¥33,001,875.98 in the previous year[8] - Cash received from sales decreased by 40.42% to CNY 109,107,645.89, impacting the net cash flow from operating activities[20] - Cash inflow from operating activities was CNY 109,395,550.49, down from CNY 183,506,477.67 in the previous period, representing a decrease of approximately 40.4%[52] - Net cash outflow from operating activities was CNY 20,958,453.02, compared to CNY 33,001,875.98 in the prior period, indicating a decline of about 36.5%[53] - Total cash inflow from operating activities was CNY 76,817,950.30, down from CNY 126,603,085.21, representing a decline of approximately 39.3%[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,136,672,932.68, an increase of 0.87% from ¥1,126,872,463.97 at the end of the previous year[8] - Total liabilities rose to CNY 54,718,915.52 from CNY 49,335,204.57, marking an increase of about 11.5%[37] - Current liabilities increased from CNY 38,241,043.13 to CNY 43,974,448.14, reflecting a growth of approximately 15.5%[37] - Total equity increased to CNY 1,081,954,017.16 from CNY 1,077,537,259.40, indicating a growth of approximately 0.4%[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,700[12] - The largest shareholder, Tianjin Guifaxiang Food Group Co., Ltd., holds 30.56% of the shares[12] Operational Costs - Operating costs fell by 39.27% to CNY 49,382,574.06 from CNY 81,318,270.73, reflecting a significant reduction in customer traffic due to the pandemic[18] - Total operating costs decreased to ¥90,458,511.03 from ¥124,970,916.59, with operating costs specifically dropping from ¥81,318,270.73 to ¥49,382,574.06[44] Other Financial Metrics - The company reported non-operating income of ¥310,102.96, primarily from government subsidies and investment income[9] - The company reported a profit before tax of ¥5,937,240.36, down from ¥36,395,210.90 in the previous period[45] - Research and development expenses increased to ¥746,495.28 from ¥658,803.81, indicating a focus on innovation despite overall profit decline[44] - The company’s management expenses rose to ¥9,551,626.73 from ¥8,565,724.59, reflecting increased operational costs[44] - The investment income from joint ventures decreased to ¥569,070.30 from ¥985,678.90, indicating potential challenges in collaborative ventures[45] Future Outlook - The company has indicated a strategic focus on market expansion and new product development in future outlook discussions[46]