京泉华(002885) - 2020 Q1 - 季度财报

Financial Performance - Revenue for Q1 2020 was CNY 228,116,706.68, a decrease of 26.17% compared to CNY 308,981,891.90 in the same period last year[7] - Net profit attributable to shareholders was CNY 6,187,240.49, down 19.28% from CNY 7,665,505.99 year-on-year[7] - Net profit excluding non-recurring items increased by 18.19% to CNY 5,945,947.04 from CNY 5,030,782.81 in the previous year[7] - Operating profit for Q1 2020 was CNY 5,700,945.14, compared to CNY 8,158,460.63 in Q1 2019, reflecting a decline of approximately 30%[39] - Net profit for Q1 2020 was CNY 6,222,617.84, down from CNY 7,942,710.27 in Q1 2019, indicating a decrease of about 22%[39] - The company reported a total comprehensive income of CNY 5.95 million, down from CNY 6.54 million year-on-year, showing a decline of 9.0%[40] - Basic earnings per share for the quarter were CNY 0.03, down from CNY 0.04 in the previous year, reflecting the decrease in net profit[40] Cash Flow and Financial Management - Net cash flow from operating activities surged by 825.34% to CNY 60,346,202.01 compared to CNY 6,521,540.90 in the same period last year[7] - The net cash flow from operating activities was CNY 60.35 million, significantly up from CNY 6.52 million in the same quarter last year, indicating improved cash generation[46] - The occurrence of financial expenses decreased by 104.16% compared to the previous period, mainly due to foreign exchange gains realized this period compared to losses in the same period last year[17] - The company incurred a financial expense of CNY 166,228.81, a significant reduction from CNY 11.08 million in the previous year, indicating improved financial management[42] - The cash paid for dividends, profits, or interest increased by 136.29% compared to the previous period, mainly due to an increase in interest repayments this period[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,394,592,588.87, a decrease of 9.42% from CNY 1,539,627,931.75 at the end of the previous year[7] - Total assets as of March 31, 2020, were CNY 1,486,617,687.75, a decrease from CNY 1,599,731,473.71 at the end of 2019[36] - Total liabilities as of March 31, 2020, were CNY 764,318,189.07, down from CNY 883,318,169.06 at the end of 2019[36] - Total equity as of March 31, 2020, was CNY 722,299,498.68, compared to CNY 716,413,304.65 at the end of 2019, showing a slight increase[36] - The company’s total assets as of March 31, 2020, were ¥1,539,627,931.75, unchanged from the previous year[55] - The total liabilities amounted to ¥759,543,817.63, remaining stable compared to the previous year[55] - The company’s equity attributable to shareholders was ¥780,392,687.16, consistent with the previous year[55] Shareholder Information - The company had a total of 22,476 common shareholders at the end of the reporting period[12] - The largest shareholder, Zhang Lipin, held 26.57% of the shares, totaling 47,833,065 shares[12] Operational Metrics - Total operating revenue for Q1 2020 was CNY 228,116,706.68, a decrease of 26% compared to CNY 308,981,891.90 in Q1 2019[38] - Total operating costs for Q1 2020 were CNY 226,006,198.19, down from CNY 304,157,513.98 in the same period last year[39] - The gross profit margin for the quarter was approximately 15.0%, compared to 15.0% in the previous year, indicating stable profitability despite revenue decline[42] - Research and development expenses amounted to CNY 9.60 million, a decrease of 18.0% from CNY 11.70 million in the previous year, reflecting cost control measures[42] Government Subsidies and Tax - The company reported government subsidies of CNY 3,823,235.40 during the reporting period[9] - The cash received from tax refunds decreased by 78.87% compared to the previous period, mainly due to a decrease in export tax rebates received this period[17] - The company received CNY 4.12 million in tax refunds, down from CNY 19.51 million in the previous year, indicating changes in tax policy or operational performance[46] Changes in Financial Position - The balance of trading financial assets at the end of the period is 60 million yuan, with no balance at the beginning of the period, mainly due to the purchase of bank wealth management products[16] - The balance of prepayments increased by 39.77% compared to the beginning of the period, mainly due to an increase in advance payments for materials[16] - The balance of other receivables decreased by 48.64% compared to the beginning of the period, mainly due to a decrease in export tax rebates[16] - The balance of short-term borrowings decreased by 47.37% compared to the beginning of the period, mainly due to the repayment of short-term borrowings[16] Financial Reporting - The company adopted new revenue and leasing standards starting January 1, 2020, impacting the classification of contract liabilities[59] - The first quarter report for 2020 was not audited, indicating preliminary financial data[59]