香山股份(002870) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥136,868,252.20, representing a decrease of 23.88% compared to ¥179,814,207.72 in the same period last year[7]. - Net profit attributable to shareholders was ¥4,456,426.37, down 39.28% from ¥7,338,938.16 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥2,042,325.03, a decline of 59.81% compared to ¥5,081,759.07 in the previous year[7]. - Basic and diluted earnings per share were both ¥0.04, down 42.86% from ¥0.07 in the previous year[7]. - Operating profit decreased by 40.23% to ¥5,752,321.92, primarily due to the impact of the pandemic on operating income[15]. - Net profit fell by 39.28% to ¥4,456,426.37, reflecting a significant decline in economic efficiency compared to the same period last year[15]. - The total operating revenue for Q1 2020 was CNY 136,868,252.20, a decrease from CNY 179,814,207.72 in the previous period[36]. - The net profit for the first quarter was CNY 4,456,426.37, down from CNY 7,338,938.16 in the same period last year, representing a decline of about 39.4%[38]. - The operating profit decreased to CNY 5,752,321.92 from CNY 9,623,370.93, indicating a reduction of approximately 40.0%[38]. - The total operating costs amounted to CNY 132,637,469.80, compared to CNY 171,971,761.44 in the previous period, a decrease of approximately 22.9%[38]. Cash Flow - The net cash flow from operating activities increased significantly by 267.96%, reaching ¥41,900,582.16, compared to a negative cash flow of ¥24,946,974.79 in the same period last year[7]. - Cash flow from operating activities improved by 267.96% to ¥41,900,582.16, driven by good customer repayments and changes in supplier payment terms[15]. - The cash inflow from operating activities was CNY 193,812,498.65, down from CNY 210,757,060.28 in the previous period, reflecting a decrease of about 8.1%[45]. - The total cash inflow from operating activities was ¥93,809,825.67, significantly higher than ¥52,732,589.03 in the previous year, marking an increase of around 78%[49]. - The company experienced a net decrease in cash and cash equivalents of ¥104,039,608.89 in Q1 2020, compared to a decrease of ¥292,481,040.81 in Q1 2019, reflecting a reduction in cash depletion by approximately 64%[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥987,470,749.58, an increase of 2.09% from ¥967,244,375.19 at the end of the previous year[7]. - Total liabilities increased, with accounts payable rising by 45.86% to ¥117,826,333.79 due to changes in payment terms with suppliers[14]. - Total liabilities rose to CNY 229,298,951.25, up from CNY 213,529,003.22, indicating an increase of about 7.4%[30]. - Current liabilities totaled CNY 227,338,951.23, compared to CNY 211,506,698.63 in the previous period, marking an increase of approximately 7.5%[30]. - The company’s total current assets stood at CNY 64,804,166.43, including cash and cash equivalents of CNY 18,735,174.47[55]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,214[10]. - The top shareholder, Zhao Yukun, holds 30.00% of the shares, amounting to 33,200,000 shares[10]. - Net assets attributable to shareholders increased by 0.59%, reaching ¥758,171,798.33 compared to ¥753,715,371.97 at the end of the previous year[7]. - The total equity attributable to shareholders increased to CNY 758,171,798.33 from CNY 753,715,371.97, a growth of about 0.6%[31]. Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥2,414,101.34 for the reporting period[8]. - Other income rose by 85.22% to ¥406,519.49, mainly from increased government subsidies[14]. - The company reported a financial expense reduction of 160.44% to -¥1,367,897.72, influenced by foreign currency asset revaluation[14]. - The company experienced a decrease in tax expenses to CNY 981,321.49 from CNY 2,026,171.66, a reduction of approximately 51.5%[38]. - Research and development expenses were CNY 6,031,951.80, slightly down from CNY 6,669,823.11, showing a decrease of about 9.6%[38]. Compliance and Reporting - The company has no overdue commitments or violations regarding external guarantees during the reporting period[16]. - The company has not undergone an audit for the first quarter report[57]. - The report was issued on April 27, 2020, and is not subject to audit[60]. - The company has implemented new revenue and leasing standards starting in 2020, affecting prior comparative data[57].