高争民爆(002827) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥63,218,383.62, representing a 36.53% increase compared to ¥46,304,722.15 in the same period last year[8] - The net profit attributable to shareholders was -¥15,667,910.51, a decline of 97.11% from -¥7,948,678.83 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥16,242,821.64, a decrease of 95.55% compared to -¥8,306,129.37 in the previous year[8] - The company reported a net loss of CNY 17,169,502.89 for the period, reflecting a significant increase in costs relative to revenue[37] - The net profit for Q1 2020 was a loss of CNY 16,437,646.48, compared to a loss of CNY 8,117,709.35 in Q1 2019, representing a 102.5% increase in losses year-over-year[39] - The total comprehensive loss for Q1 2020 was CNY 16,437,646.48, compared to a loss of CNY 8,117,709.35 in Q1 2019, indicating a significant decline in overall performance[39] Cash Flow - The net cash flow from operating activities was -¥17,441,852.03, improving by 16.65% from -¥20,927,087.03 in the same period last year[8] - The net cash flow from operating activities improved by 16.65% to -¥17,441,852.03 from -¥20,927,087.03, mainly due to the consolidation of Chengyuan Mining[17] - The cash flow from operating activities for Q1 2020 was a net outflow of CNY 17,441,852.03, an improvement from a net outflow of CNY 20,927,087.03 in the same period last year[46] - The net cash flow from investing activities improved by 36.47% to -¥74,203,462.32 from -¥116,804,783.22, primarily due to fewer financial product purchases[17] - The net cash flow from financing activities increased significantly by 2627.85% to ¥20,652,511.71, mainly due to increased bank borrowings[17] - Total cash inflow from investment activities was ¥11,760.27, while cash outflow amounted to ¥29,446,121.99, resulting in a net cash flow of -¥29,434,361.72 for the quarter[49] - Cash inflow from financing activities was ¥22,939,648.41, leading to a net cash flow of ¥20,759,720.05 after accounting for cash outflows[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,190,012,704.01, down 2.68% from ¥1,222,827,862.66 at the end of the previous year[8] - The company's total liabilities decreased from CNY 341,237,841.47 to CNY 323,821,639.40[31] - Non-current liabilities increased from CNY 66,000,469.93 to CNY 78,009,316.69, primarily due to an increase in long-term loans from CNY 41,450,360.18 to CNY 52,253,574.28[31] - The company's total assets as of the end of Q1 2020 were ¥1,222,827,862.66, with total liabilities amounting to ¥341,237,841.47[53] - The total equity attributable to shareholders decreased from CNY 765,705,711.47 to CNY 750,962,236.39[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,482[12] - The largest shareholder, Tibet Gaozheng Building Materials Group Co., Ltd., held 58.60% of the shares, totaling 161,740,994 shares[12] Expenses - Operating costs rose by 68.66% to ¥51,179,777.54, attributed to the consolidation of Chengyuan Mining's operating costs[16] - Management expenses increased by 36.33% to ¥20,534,658.52, also due to the consolidation of Chengyuan Mining's management expenses[16] - Financial expenses surged by 116.00% to ¥1,220,443.53, driven by increased financial costs from Chengyuan Mining and additional bank loans[16] - The company's operating costs for Q1 2020 were CNY 10,231,907.23, down from CNY 21,188,187.12 in Q1 2019, reflecting a 51.7% reduction[41] - Sales expenses for Q1 2020 amounted to CNY 6,860,567.30, compared to CNY 8,385,982.53 in the previous year, a decrease of 18.1%[41] - Management expenses decreased to CNY 10,238,629.70 in Q1 2020 from CNY 11,180,828.67 in Q1 2019, a reduction of 8.4%[41] - The financial expenses for Q1 2020 were CNY 647,161.87, compared to CNY 595,512.63 in Q1 2019, indicating a slight increase of 8.7%[41] Government Subsidies - The company received government subsidies amounting to ¥1,138,582.12, primarily related to the mining operations[9] Other Information - The company has not made any adjustments to the financial data for the first quarter of 2020[59] - The first quarter report for 2020 was not audited[59] - The company is implementing new revenue and lease standards starting in 2020, but this does not apply to the current report[59]