绿茵生态(002887) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥127,031,749.59, a decrease of 6.17% compared to ¥135,385,289.87 in the same period last year[9] - The net profit attributable to shareholders was ¥40,590,930.85, down 2.10% from ¥41,461,943.81 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥39,151,786.40, an increase of 1.77% from ¥38,469,495.08 in the previous year[9] - The basic earnings per share for the period was ¥0.195, a decrease of 2.01% from ¥0.199 in the same period last year[9] - The diluted earnings per share also stood at ¥0.195, down 2.01% compared to the previous year[9] - The weighted average return on equity was 2.10%, a decline of 0.26% from 2.36% in the same period last year[9] - The total profit for Q1 2020 was CNY 51,497,270.23, compared to CNY 47,850,983.24 in Q1 2019, reflecting a growth of 5.4%[40] - The net profit for Q1 2020 reached CNY 45,863,395.88, up 13.5% from CNY 40,477,230.84 in Q1 2019[40] - The company's operating profit for Q1 2020 was CNY 52,014,809.05, up from CNY 47,890,109.82 in the same period last year, reflecting a growth of 4.4%[40] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥20,109,112.48, compared to a negative cash flow of ¥36,112,481.28 in the same period last year, representing a 155.68% increase[9] - Cash received from sales and services increased by 76.90% to ¥230,060,497.64, attributed to a rise in project payments received[17] - Cash flow from operating activities saw an increase of 83.41% to ¥17,101,111.99, mainly due to the return of deposits received[17] - The company's cash and cash equivalents increased to ¥1,194,207,994.57 from ¥1,083,350,348.48, reflecting improved liquidity[29] - The company reported a cash flow from operating activities of CNY 20,109,112.48, a significant recovery from a negative cash flow of CNY -36,112,481.28 in the same quarter last year[47] - Total cash and cash equivalents at the end of the first quarter of 2020 reached CNY 1,174,810,825.64, up from CNY 911,979,151.64 at the beginning of the period, reflecting a net increase of CNY 103,600,023.53[48] - The company reported total operating cash inflows of CNY 516,181,396.09, compared to CNY 132,539,364.41 in the previous year, indicating a year-over-year increase of approximately 289%[50] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,173,720,761.71, reflecting a growth of 7.03% from ¥2,965,221,778.01 at the end of the previous year[9] - The total assets of the company as of March 31, 2020, were ¥3,173,720,761.71, up from ¥2,965,221,778.01 at the end of 2019[29] - Total liabilities increased to CNY 1,164,711,467.28 from CNY 1,009,265,096.89, indicating a rise of approximately 15.4%[32] - The company’s total assets as of the end of the first quarter of 2020 amounted to CNY 2,965,221,778.01, with total liabilities of CNY 1,009,265,096.89[55] - The company’s equity attributable to shareholders was CNY 1,916,210,038.31, reflecting a strong capital position[55] Shareholder Information - The company reported a total of 12,325 common shareholders at the end of the reporting period[13] - The net assets attributable to shareholders increased by 2.12% to ¥1,956,801,886.59 from ¥1,916,210,038.31 at the end of the last year[9] Research and Development - Research and development expenses rose by 34.93% to ¥7,400,363.65 as the company increased its investment in R&D[17] - Research and development expenses increased to CNY 7,400,363.65 from CNY 5,484,472.81, indicating a rise of about 35%[38] - The company focused on innovation, with research and development expenses increasing to CNY 5,930,902.66, up from CNY 4,511,002.75 in Q1 2019[42] Investment and Financing - Long-term borrowings increased by 66.64% to ¥500,404,166.67, primarily due to financing for the Fenglong PPP project[17] - The company reported a significant increase in long-term borrowings, rising to CNY 500,404,166.67 from CNY 300,282,916.67, which is a 66.7% increase[32] - The company raised CNY 202,000,000.00 through borrowings during the financing activities, contributing to a total financing cash inflow of CNY 209,188,300.00[48] Taxation - The company reported a 505.51% increase in taxes paid, amounting to ¥42,137,188.93, mainly due to an increase in value-added tax[17] Accounting Changes - The company has implemented new revenue and lease accounting standards effective from January 1, 2020, impacting financial reporting[59] - The company reported a significant adjustment in contract liabilities, decreasing by CNY 146.24 million due to the new revenue recognition standards[58]