瀛通通讯(002861) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥237,029,119.76, a decrease of 1.70% compared to ¥241,135,603.72 in the same period last year[7] - Net profit attributable to shareholders was ¥4,140,596.36, down 31.19% from ¥6,017,804.94 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥2,120,432.09, a decline of 42.51% compared to ¥3,688,071.56 in the previous year[7] - Basic and diluted earnings per share were both ¥0.03, representing a decrease of 40.00% from ¥0.05 in the previous year[7] - Total comprehensive income decreased by 63.76% to ¥1,786,861.50, driven by reduced net profit and lower after-tax other comprehensive income[20] - Net profit decreased by 31.19% to RMB 4,140,596.36, mainly due to higher deferred income tax expenses compared to the previous year[16] - The company reported a net profit of CNY 490,967,922.57, up from CNY 486,827,326.22, indicating a slight increase of 0.3%[40] - The company reported a total comprehensive income of ¥1,786,861.50, down from ¥4,930,500.38, a decrease of approximately 63.8%[49] Cash Flow and Investments - The net cash flow from operating activities increased by 13.48% to ¥36,456,494.42 from ¥32,125,503.18 in the same period last year[7] - The total cash inflow from investment activities was ¥141,568,884.93, a decrease of 51.0% from ¥288,988,449.21 in the previous year[57] - The net cash flow from investment activities was -¥13,275,964.43, improving from -¥187,184,916.55 in Q1 2019[57] - The net cash flow from financing activities was -¥6,677,666.67, compared to a positive net cash flow of ¥117,214,231.94 in the same period last year[57] - The cash inflow from operating activities was ¥293,245,031.68, slightly up from ¥291,279,609.48 in the previous year[56] - The cash outflow for investment activities totaled ¥154,844,849.36, a decrease of 67.6% from ¥476,173,365.76 in Q1 2019[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,370,354,949.98, a decrease of 1.11% from ¥1,385,745,092.61 at the end of the previous year[7] - Total liabilities decreased to CNY 118,659,212.32 from CNY 121,779,572.32, a reduction of 2.5%[44] - Total assets amounted to CNY 927,818,120.97, an increase from CNY 852,777,345.22, reflecting a growth of 8.3%[44] - Total current liabilities amounted to CNY 76,659,212.32, an increase from CNY 73,779,572.32, reflecting a growth of 3.8%[44] - Total liabilities were CNY 333,053,224.07, consisting of current liabilities of CNY 276,540,831.80 and non-current liabilities of CNY 56,512,392.27[63] Shareholder Information - The company reported a total of 10,867 common shareholders at the end of the reporting period[11] - The largest shareholder, Huang Hui, holds 31.08% of the shares, amounting to 38,137,600 shares, with 9,730,000 shares pledged[11] Research and Development - Research and development expenses increased by 49.28% to RMB 12,799,463.48, reflecting higher R&D investments during the reporting period[16] - Research and development expenses rose to ¥12,799,463.48, up from ¥8,574,362.93, an increase of about 49.5%[47] Government Support and Other Income - The company received government subsidies amounting to ¥3,245,759.61, primarily related to industrial transformation and upgrading support[8] - The company reported a significant increase in other income by 157.83% to RMB 3,287,474.79, mainly due to increased government subsidies received[16] Operational Efficiency - Total operating costs decreased to ¥232,366,537.42 from ¥239,264,895.07, a reduction of approximately 2.8%[47] - Operating profit increased to ¥8,170,058.58 compared to ¥6,525,589.31, reflecting a growth of about 25.2%[48] Financial Management - The company has established a dedicated internal control system for foreign exchange hedging to mitigate risks associated with currency fluctuations[29] - The company has not engaged in any speculative or arbitrage foreign exchange transactions, adhering to a prudent approach in its hedging activities[28] - The company reported no overdue or unrecovered amounts in its entrusted financial management activities[26] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[31] Capital Changes - The company repurchased and canceled 894,000 restricted shares, reducing registered capital from RMB 122,698,400 to RMB 121,804,400[19][21] - The company plans to issue convertible bonds and has responded to regulatory feedback, with further details published on January 7 and March 17, 2020[18][22]