智能自控(002877) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥105,892,598.64, representing an increase of 8.92% compared to ¥97,222,568.11 in the same period last year[9]. - Net profit attributable to shareholders decreased by 28.91% to ¥8,293,840.88 from ¥11,666,339.78 year-on-year[9]. - Basic earnings per share fell by 28.57% to ¥0.025 from ¥0.035 in the same period last year[9]. - The net profit for the period was impacted by insufficient operating rates and a decline in gross margin due to the pandemic[17]. - The operating profit for the first quarter was CNY 10,050,196.09, compared to CNY 13,968,752.06 in the previous year, indicating a decline of about 28.5%[46]. - The total operating income for the first quarter of 2020 was CNY 102,885,222.62, an increase from CNY 96,723,068.11 in the previous period[48]. - The total comprehensive income for the first quarter was CNY 8,293,840.88, down from CNY 11,666,339.78 in the previous year[47]. Cash Flow - The net cash flow from operating activities was -¥44,957,299.18, a decline of 70.38% compared to -¥26,387,114.32 in the previous year[9]. - The cash inflow from operating activities was CNY 66,702,430.20, compared to CNY 75,693,748.77 in the previous year, indicating a decrease of approximately 11.5%[51]. - The cash inflow from operating activities totaled 61,901,226.56 CNY, while cash outflow was 101,282,515.07 CNY, leading to a net cash flow of -39,381,288.51 CNY[56]. - The total cash inflow from investment activities was 200,134,405.88 CNY, while cash outflow was 167,810,119.67 CNY, resulting in a net cash flow of 32,324,286.21 CNY from investments[53]. - The net cash flow from financing activities was -20,858,446.81 CNY, a significant decrease from a positive cash flow of 25,935,726.03 CNY in the previous period[54]. - The cash flow from investment activities showed a significant improvement with a net cash flow of 45,667,589.18 CNY compared to -23,586,737.28 CNY in the previous period[57]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,280,284,942.85, down 3.50% from ¥1,326,722,834.86 at the end of the previous year[9]. - Total liabilities decreased to CNY 509,906,040.23 from CNY 542,527,238.37[42]. - Current liabilities decreased to CNY 312,300,693.46 from CNY 347,119,972.93[42]. - Non-current liabilities increased slightly to CNY 197,605,346.77 from CNY 195,407,265.44[42]. - Owner's equity increased to CNY 750,658,491.71 from CNY 741,535,143.04[42]. - The total assets of the company as of January 1, 2020, were 1,326,722,834.86 CNY, reflecting the company's financial position[59]. Investments and Financing - The company utilized idle raised funds for financial management, resulting in a significant increase in investment cash flow[17]. - The company issued 2.3 billion RMB of convertible bonds in July 2019, with a conversion price of 9.55 RMB per share[18]. - The company plans to repurchase shares using its own funds, with a total repurchase amount between 10 million and 20 million RMB, at a price not exceeding 12.57 RMB per share[19]. - On April 10, 2020, the company repurchased 305,260 shares, accounting for 0.09% of the total share capital, with a total transaction amount of approximately 2.37 million RMB[19]. - The company has entrusted 7.5 million RMB in bank financial products, with an expected annualized return of 3.60%[24]. Compliance and Risk Management - The company has not reported any high-risk entrusted financial products during the reporting period[24]. - There were no instances of non-compliance with external guarantees during the reporting period[29]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[30]. - The company has not engaged in derivative investments during the reporting period[28]. - The company has no overdue or unfulfilled commitments from actual controllers or shareholders during the reporting period[21]. Other Financial Metrics - The weighted average return on equity decreased to 1.10% from 1.81% year-on-year[9]. - The total operating costs increased to CNY 95,494,041.24 from CNY 81,900,597.55, reflecting a rise of approximately 16.5%[48]. - The financial expenses for the quarter were CNY 704,878.26, a slight decrease from CNY 754,308.76 in the previous year[48]. - The company reported a credit impairment loss of CNY -1,118,152.31, compared to CNY -1,926,567.15 in the previous year, showing an improvement[46]. - Research and development expenses remained stable at CNY 3,351,079.68, compared to CNY 3,455,040.96 in the previous year[48]. Future Considerations - The company has not yet audited the first quarter report, indicating potential adjustments in future reports[64]. - The company is implementing new revenue and leasing standards starting from 2020, which may affect financial reporting[63].