佛燃能源(002911) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,164,126,332.41, a decrease of 11.27% compared to ¥1,311,918,823.41 in the same period last year[9]. - The net profit attributable to shareholders was ¥51,955,275.29, down 10.96% from ¥58,349,179.21 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥49,670,325.30, reflecting a decline of 14.13% from ¥57,843,109.20 in the previous year[9]. - The basic and diluted earnings per share were both ¥0.09, down 10.00% from ¥0.10 year-on-year[9]. - The total comprehensive income attributable to the parent company's owners is ¥51,955,275.29, down from ¥58,349,179.21, a decrease of about 10.4%[52]. - The total comprehensive income for the current period is ¥61,314,423.79, down from ¥76,859,711.44, reflecting a decrease of approximately 20.3%[52]. Cash Flow - The net cash flow from operating activities was ¥183,901,500.64, a slight decrease of 1.64% compared to ¥186,975,887.75 in the same period last year[9]. - Cash flow from investing activities dropped by 379.81% to -¥37,234.70 million, primarily due to a decrease in cash received from investment activities[22]. - Cash flow from financing activities decreased by 94.49% to ¥1,041.03 million, mainly due to increased cash payments for debt repayment[22]. - The total cash inflow from operating activities is ¥1,406,310,666.60, compared to ¥1,449,678,115.14 in the previous period, showing a decrease of about 3.0%[60]. - The company reported a net cash flow from operating activities of CNY 85,356,599.76, down from CNY 156,010,187.94 in the previous period, indicating a decline of 45%[64]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,193,299,922.75, an increase of 2.13% from ¥7,043,324,698.01 at the end of the previous year[9]. - The total liabilities increased to CNY 3,399,582,924.19 from CNY 3,311,898,526.23, indicating a growth of about 2.64%[40]. - Current liabilities decreased to CNY 2,307,718,488.87 from CNY 2,443,114,597.56, a reduction of approximately 5.54%[40]. - Long-term borrowings rose to CNY 207,589,378.55, up from CNY 192,463,868.89, reflecting an increase of about 7.34%[40]. - The company's total assets increased to CNY 3,994,178,834.63 from CNY 3,926,102,186.28, representing a growth of about 1.73%[45]. Research and Development - R&D expenses rose by 801.33% to ¥1,387.32 million, driven by increased investment in research and development[22]. - Research and development expenses for Q1 2020 were CNY 13,873,166.85, significantly higher than CNY 1,539,171.72 in the previous year, marking an increase of approximately 803.5%[48]. - Research and development expenses for the current period are ¥4,912,360.06, significantly higher than ¥190,458.08 in the previous period, indicating a substantial increase in investment in innovation[53]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,873[14]. - The net assets attributable to shareholders were ¥3,202,412,509.21, up 1.67% from ¥3,149,682,060.19 at the end of the previous year[9]. - The total equity attributable to shareholders reached CNY 3,202,412,509.21, compared to CNY 3,149,682,060.19, marking an increase of about 1.67%[42]. Financial Strategy and Future Plans - The company plans to expand its natural gas customer base and explore new energy businesses to enhance overall performance[25]. - The company has committed to developing LNG peak-shaving storage projects to reduce gas procurement costs and increase market share[25].