铭普光磁(002902) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥256,178,982.19, a decrease of 32.54% compared to ¥379,730,148.76 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥16,343,480.48, representing a decline of 274.81% from a profit of ¥9,349,517.86 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥18,053,088.60, down 310.95% from ¥8,558,113.70 in the same period last year[7] - The basic earnings per share were -¥0.08, a decrease of 300.00% from ¥0.07 in the same period last year[7] - The total comprehensive income for the first quarter was a loss of CNY 16,563,401.81, compared to a profit of CNY 8,636,815.62 last year[45] - The operating profit for the first quarter was a loss of CNY 20,795,082.14, compared to a profit of CNY 10,986,537.12 in the previous year[44] Cash Flow - The net cash flow from operating activities increased by 19.82% to ¥88,512,110.25, compared to ¥73,873,096.18 in the previous year[7] - The company’s cash flow from financing activities improved significantly, with a net inflow of RMB 5.59 million in Q1 2020, compared to an outflow of RMB 46.74 million in Q1 2019, driven by increased bill settlements[20] - The net cash flow from operating activities for the current period is CNY 138,861,191.57, an increase of 72.6% compared to CNY 80,375,119.84 in the previous period[55] - The total cash inflow from operating activities was CNY 457,962,448.05, compared to CNY 438,454,712.39 in the previous period, indicating an increase of 4.3%[55] - The net cash flow from investing activities was -CNY 46,191,498.80, worsening from -CNY 9,107,953.79 in the previous period[56] - The net increase in cash and cash equivalents was CNY 98,811,042.23, compared to CNY 23,897,538.45 in the previous period, reflecting a significant increase[56] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,773,174,385.43, a decrease of 5.98% from ¥1,886,004,798.18 at the end of the previous year[7] - The total current assets decreased by 11.53% to RMB 1.25 billion as of March 31, 2020, from RMB 1.41 billion at the end of 2019[34] - Current liabilities decreased to CNY 703,037,871.03 from CNY 800,949,238.03[36] - Total liabilities decreased to CNY 705,608,741.64 from CNY 803,661,694.67[36] - The company's total assets were reported at CNY 1,886,004,798.18, with non-current assets totaling CNY 475,851,152.15[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,864[10] - The largest shareholder, Yang Xianjin, holds 45.40% of the shares, amounting to 95,348,138 shares, with 27,000,000 shares pledged[10] - The equity attributable to shareholders was CNY 1,075,393,477.93, while total equity stood at CNY 1,082,343,103.51[60] Government Support and Subsidies - The company received government subsidies amounting to ¥1,351,447.81 during the reporting period, primarily related to project support[8] - The company reported a significant increase in other income, which rose by 414.59% to RMB 1.35 million, attributed to increased government subsidies[18] Inventory and Receivables - Accounts receivable decreased by 29.2% to RMB 338.84 million as of March 31, 2020, compared to RMB 477.65 million at the end of 2019[34] - Other receivables decreased by 35.96% to RMB 8.71 million, down from RMB 13.60 million, mainly due to the recovery of margin deposits[16] - The company recorded an asset impairment loss of RMB 1.99 million, a 1261.64% increase compared to RMB 0.15 million in the previous year, due to increased inventory provisions[18] - Inventory increased to CNY 146,621,662.25 from CNY 139,834,728.20[39] Research and Development - Research and development expenses increased to CNY 17,298,216.14, up from CNY 14,796,897.56 year-over-year[44] Compliance and Reporting - The company is implementing new revenue recognition standards effective January 1, 2020, impacting financial reporting[64] - The company has not conducted an audit for the first quarter report[64]