凯中精密(002823) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥407,887,822.36, a decrease of 15.66% compared to ¥483,599,378.26 in the same period last year[6] - The net profit attributable to shareholders was ¥16,533,387.50, down 11.51% from ¥18,684,607.71 year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥1,441,132.33, a significant drop of 91.30% compared to ¥16,573,689.47 in the previous year[6] - The total profit for Q1 2020 was CNY 17,797,935.09, down from CNY 22,372,840.02 in Q1 2019, reflecting a decline of 20.4%[40] - The gross profit margin for the current period was approximately 18.7%, compared to 25.3% in the previous year[42] - The total comprehensive income for Q1 2020 was CNY 16,761,576.31, compared to CNY 13,614,187.66 in the same period last year, indicating an increase of 23.7%[41] Cash Flow - The net cash flow from operating activities increased by 82.57% to ¥54,038,137.57, compared to ¥29,598,774.79 in the same period last year[6] - Cash received from operating activities increased to CNY 25,737,674.10, a 667.54% rise from CNY 3,353,262.43, mainly attributed to increased government subsidy payments[16] - The cash flow from operating activities was CNY 460,032,640.43, a decrease from CNY 542,838,082.58 in the previous year[47] - The company reported a significant increase in cash flow from operating activities, indicating strong operational performance despite market challenges[48] - Total cash inflow from financing activities was CNY 279,167,674.83, while cash outflow was CNY 179,145,523.30, resulting in a net cash flow of CNY 100,022,151.53, up 40.2% from CNY 71,479,539.72 in the previous year[49] - The company reported a net cash outflow from investing activities of CNY 110,050,832.26, compared to a net outflow of CNY 55,864,450.13 in Q1 2019, indicating increased investment activity[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,282,719,246.61, reflecting a 2.14% increase from ¥3,213,899,389.29 at the end of the previous year[6] - The company’s total assets amounted to CNY 3,282,719,246.61, compared to CNY 3,213,899,389.29 at the beginning of the period, indicating growth in asset base[31] - Total liabilities increased to CNY 1,895,861,062.37 from CNY 1,843,887,245.94 year-over-year[33] - Current liabilities reached CNY 1,044,841,755.80, including short-term borrowings of CNY 536,893,835.08 and accounts payable of CNY 244,594,195.37[56] - The total liabilities and owner's equity combined amounted to CNY 3,213,899,389.29, indicating a balanced financial position[57] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,906, with the top ten shareholders holding significant stakes in the company[11] - The net assets attributable to shareholders increased by 1.23% to ¥1,386,858,184.24 from ¥1,370,012,143.35 at the end of the previous year[6] - The total equity attributable to shareholders was CNY 1,370,012,143.35, showcasing a strong capital base for future investments[57] Challenges and External Factors - The company faced challenges due to the COVID-19 pandemic, which impacted sales revenue and incurred additional costs related to employee wages and logistics during the delayed resumption of work[6] - The company has implemented new revenue and lease standards starting from 2020, with retrospective adjustments to prior comparative data[61] Other Financial Metrics - The company reported a weighted average return on equity of 1.20%, down 0.21 percentage points from 1.41% in the previous year[6] - The company recorded a credit impairment loss of CNY 3,510,453.38, significantly higher than CNY 360,783.41 in the previous year[44] - Research and development expenses increased to CNY 21,317,161.72, representing a rise of 8.9% from CNY 19,558,746.99 in the previous year[42] - Basic and diluted earnings per share remained stable at CNY 0.06 for both Q1 2020 and Q1 2019[41]