宇环数控(002903) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥21,931,950.03, representing a 171.68% increase compared to ¥8,072,789.68 in the same period last year[8] - The net profit attributable to shareholders was -¥4,219,119.44, an improvement of 45.11% from -¥7,686,865.00 year-over-year[8] - The basic earnings per share were -¥0.0281, improving by 45.12% from -¥0.0512 in the same period last year[8] - Operating revenue increased by 171.68% to ¥21,931,950.03 compared to ¥8,072,789.68, primarily driven by increased sales of CNC grinding and polishing products[15] - Net profit improved by 45.11% to -¥4,219,119.44 from -¥7,686,865.00, indicating a reduction in losses driven by increased revenue[15] - Operating profit for Q1 2020 was a loss of CNY 4,167,443.80, improving from a loss of CNY 7,999,306.82 year-over-year[38] - Total comprehensive loss for Q1 2020 was CNY 2,749,551.90, an improvement from a loss of CNY 6,539,222.68 year-over-year[43] Cash Flow - The net cash flow from operating activities was -¥17,816,394.74, a significant decline of 991.31% compared to ¥1,998,901.26 in the previous year[8] - Cash flow from operating activities turned negative at -¥17,816,394.74, a decline of 991.31% compared to ¥1,998,901.26, mainly due to decreased sales collections[16] - The net cash flow from operating activities for Q1 2020 was -¥9,272,926.83, compared to -¥690,402.10 in the same period last year, indicating a significant decline in operational performance[49] - Cash inflow from sales of goods and services was ¥14,410,101.26, significantly lower than ¥35,631,487.87 in the same quarter last year, showing a decline in revenue generation[49] - The total cash inflow from investment activities was ¥112,305,734.93, a substantial increase from ¥25,480,666.67 in the previous year, primarily driven by cash recovered from investments[49] - The net cash flow from investment activities was -¥58,727,665.07, worsening from -¥1,370,929.33 year-over-year, reflecting increased investment expenditures[49] - The total cash outflow for investment activities reached ¥171,033,400.00, compared to ¥26,851,596.00 in the previous year, reflecting aggressive investment strategies[49] Assets and Liabilities - The total assets at the end of the reporting period were ¥672,829,476.98, a slight increase of 0.36% from ¥670,434,227.59 at the end of the previous year[8] - The total liabilities increased to ¥70,939,655.99 from ¥64,432,775.21, indicating a rise of approximately 10%[30] - The total equity attributable to shareholders decreased to ¥601,889,820.99 from ¥606,001,452.38, showing a decline of about 0.2%[31] - Cash and cash equivalents decreased significantly from ¥97,173,015.82 to ¥30,642,141.97, representing a decline of approximately 68%[31] - Accounts receivable rose to ¥75,941,558.90 from ¥69,905,243.07, marking an increase of about 8%[31] - The company's inventory slightly decreased from ¥106,024,821.26 to ¥105,447,844.06, a reduction of about 0.5%[31] - The total current liabilities increased to ¥60,057,087.82 from ¥53,334,799.88, reflecting an increase of approximately 12.5%[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,186[11] - The largest shareholder, Xu Shixiong, holds 38.25% of the shares, totaling 57,375,000 shares[11] Government Support and Future Outlook - The company received government subsidies amounting to ¥2,634,027.06 during the reporting period[9] - The company expects to turn a profit in the first half of 2020, projecting a net profit of ¥4,000,000 to ¥6,000,000, compared to a net loss of ¥777,720 in the same period last year[18] - The company plans to enhance market expansion and technology development to improve product conversion rates and increase sales revenue[18] Research and Development - Research and development expenses decreased by 46.49% to ¥3,179,047.67 from ¥5,940,653.38 due to reduced material usage[15] - Research and development expenses for Q1 2020 were CNY 2,289,567.25, down from CNY 5,323,517.02 in the same period last year[41]