联诚精密(002921) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥189,321,217.56, representing a 1.79% increase compared to ¥185,987,220.31 in the same period last year[7] - Net profit attributable to shareholders was ¥15,204,617.29, up 1.95% from ¥14,913,464.98 year-on-year[7] - The net profit after deducting non-recurring gains and losses surged by 166.70% to ¥15,183,930.75, compared to ¥5,693,217.64 in the previous year[7] - The net cash flow from operating activities increased significantly by 161.56% to ¥12,524,247.41, compared to ¥4,788,198.93 in the same period last year[7] - Total operating revenue for Q1 2020 was CNY 189,321,217.56, an increase from CNY 185,987,220.31 in the previous period[40] - Net profit for Q1 2020 was CNY 15,004,328.64, compared to CNY 14,758,162.83 in the same period last year, reflecting a growth of approximately 1.67%[42] - Operating revenue for the current period reached ¥169,006,600.18, an increase from ¥155,648,990.97 in the previous period, representing a growth of approximately 8.7%[45] - Net profit for the current period was ¥16,197,605.32, down from ¥19,385,776.18 in the previous period, indicating a decrease of about 16.5%[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,218,831,686.03, a decrease of 3.12% from ¥1,258,047,732.80 at the end of the previous year[7] - The company's current assets decreased to CNY 589,225,897.15 from CNY 616,243,807.16, representing a reduction of about 4.4%[32] - Total liabilities decreased to CNY 507,658,457.43 from CNY 555,341,296.36, a decline of about 8.6%[34] - The company's total assets decreased to CNY 1,005,284,651.71 from CNY 1,028,310,517.45[38] - Total liabilities decreased to CNY 349,587,394.37 from CNY 388,810,865.43, indicating a reduction of about 10.06%[38] Shareholder Information - The net assets attributable to shareholders increased by 1.23% to ¥711,001,558.43 from ¥702,334,477.62 at the end of the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 10,456[11] - The company's equity attributable to shareholders increased to CNY 711,001,558.43 from CNY 702,334,477.62, reflecting a growth of approximately 1.0%[35] - Owner's equity increased to CNY 655,697,257.34 from CNY 639,499,652.02, showing a growth of approximately 2.87%[38] Cash Flow and Financing Activities - The company received ¥15,000,000.00 from bank loans, indicating an increase in borrowing[16] - The company experienced an 87.77% decrease in cash received from operating activities, totaling ¥1,817,316.82, primarily due to reduced government subsidies[16] - The cash flow from operating activities generated a net amount of ¥12,524,247.41, compared to ¥4,788,198.93 in the previous period, showing an increase of about 162.5%[50] - The net cash flow from financing activities was -20,012,533.96, compared to -2,386,206.37 in the same period last year[54] - The total cash outflow for financing activities was 35,012,533.96, significantly higher than 2,386,206.37 in the previous year[54] Research and Development - Research and development expenses rose by 30.62% to ¥5,424,493.67 as the company intensified investment in new products and processes[15] - Research and development expenses rose to CNY 5,424,493.67 from CNY 4,153,016.10, marking an increase of about 30.66%[41] - Research and development expenses increased to ¥5,306,807.25 from ¥3,891,224.77, reflecting a rise of approximately 36.4%[45] Financial Management - The company reported government subsidies amounting to ¥802,109.01 during the reporting period[8] - The company reported a 93.52% decrease in other income to ¥802,109.01, mainly due to a reduction in government subsidies[15] - The company reported no instances of entrusted financial management or derivative investments during the reporting period[23][24] Other Financial Metrics - The weighted average return on net assets was 2.15%, slightly down from 2.20% in the previous year[7] - The basic and diluted earnings per share remained unchanged at ¥0.19[7] - The company reported a total comprehensive income of CNY 8,466,792.16, down from CNY 9,617,605.74 in the previous year[43] - The company incurred a credit impairment loss of ¥554,112.99, an improvement from ¥923,012.34 in the previous period, indicating a decrease of approximately 40%[46] Capital Expenditures - Cash paid for the purchase of fixed assets decreased by 61.15% to ¥8,844,148.55, reflecting reduced capital expenditures[16] - The cash outflow for investment activities was 7,848,349.28, down from 19,002,557.33 year-over-year[54] Stock and Incentives - A stock incentive plan was approved, granting 1.6 million restricted shares to 57 recipients[19] Audit and Compliance - The first quarter report was not audited[56] - The company did not apply new revenue and leasing standards for the first quarter of 2020[55]