泰永长征(002927) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥102,715,615.15, representing a 50.44% increase compared to ¥68,278,185.20 in the same period last year[8] - The net profit attributable to shareholders decreased by 22.18% to ¥8,654,065.73 from ¥11,121,242.18 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥7,810,914.10, down 10.09% from ¥8,687,099.44 in the previous year[8] - Basic earnings per share decreased by 22.27% to ¥0.0506 from ¥0.0651 year-on-year[8] - The total operating revenue for the first quarter of 2020 was CNY 102,715,615.15, compared to CNY 68,278,185.20 in the same period last year, indicating a significant increase[39] - Net profit for Q1 2020 was CNY 9,740,407.88, compared to CNY 11,121,242.18 in the same period last year, indicating a decline of about 12.4%[41] - The total comprehensive income for Q1 2020 was CNY 9,740,407.88, down from CNY 11,121,242.18 in the same period last year[42] - Total profit for Q1 2020 was CNY 11,228,529.42, compared to CNY 13,067,976.64 in the previous year, a decrease of about 14.1%[41] Cash Flow - The net cash flow from operating activities was negative at -¥27,571,324.64, a decline of 78.45% compared to -¥15,450,714.92 in the same period last year[8] - Cash inflow from operating activities was CNY 83,950,713.12, significantly higher than CNY 52,797,285.40 in the previous period, showing an increase of approximately 59%[48] - The net cash flow from operating activities was -27,571,324.64 CNY, compared to -15,450,714.92 CNY in the previous period, indicating a decline in operational cash generation[49] - The total cash outflow from operating activities was 36,661,629.60 CNY, slightly higher than 35,049,932.55 CNY in the previous period, indicating stable operational expenses[52] - The net cash flow from investing activities was 45,471,488.00 CNY, a decrease from 114,425,476.91 CNY in the previous period, suggesting reduced investment activity[49] - The net cash flow from financing activities was 12,690,370.00 CNY, reflecting a positive financing environment for the company[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,119,318,541.91, a slight increase of 0.38% from ¥1,115,030,483.79 at the end of the previous year[8] - The total liabilities decreased to CNY 252,097,164.62 from CNY 272,672,420.31, reflecting a reduction in financial obligations[33] - The company's cash and cash equivalents increased to CNY 208,795,727.41 from CNY 87,024,031.58, showing improved liquidity[34] - The total equity attributable to shareholders rose to CNY 817,700,180.34 from CNY 793,923,208.68, indicating growth in shareholder value[34] - The company reported a total current asset of CNY 430,961,124.82, with cash and cash equivalents at CNY 87,024,031.58 and accounts receivable at CNY 156,710,460.05[59] - Non-current assets totaled CNY 340,587,634.31, including long-term equity investments of CNY 230,654,052.66 and fixed assets of CNY 86,214,270.28[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,448[11] - The largest shareholder, Shenzhen Taiyong Technology Co., Ltd., holds 54.24% of the shares, totaling 93,329,600 shares[11] - The company’s total equity attributable to shareholders was CNY 677,165,915.67, with retained earnings of CNY 121,025,418.76[60] Operational Changes - The company reported non-recurring gains of ¥843,151.63 during the reporting period[9] - The company plans to issue convertible bonds with a total amount not exceeding CNY 31,700.00 million, which has been approved by the shareholders' meeting[18] - The company acquired a 20% stake in Shenzhen Aerospace Tai Rui Jie Electronics Co., Ltd. for CNY 14,580,000, with the transaction completed and payment made[17] - The company adopted the new revenue recognition standards starting January 1, 2020, impacting the financial reporting[58] - The first quarter report for 2020 was not audited, indicating preliminary financial data[62] - The company held a board meeting on April 8, 2020, to approve changes in accounting policies[61] Cost Management - Operating costs increased by 86.76% to CNY 59,433,141.99 from CNY 31,823,241.27, also driven by the merger with Chongqing Yuantong[15] - The company reported a decrease in employee compensation payable to CNY 9,573,337.64 from CNY 15,603,934.91, reflecting cost management efforts[33] - Research and development expenses increased to CNY 6,577,024.61 in Q1 2020, up from CNY 4,768,338.21, representing a growth of approximately 38%[40] Receivables and Inventory - Accounts receivable increased to CNY 170,090,214.37 from CNY 156,710,460.05, suggesting higher sales on credit[34] - The inventory level was CNY 88,148,835.91, up from CNY 83,293,873.10, which may indicate increased production or stockpiling[34] - Other receivables rose by 38.00% to CNY 25,428,873.70 from CNY 18,426,717.17, primarily due to an increase in bid guarantees[15] Deferred Expenses - The company’s long-term deferred expenses increased by 33.51% to CNY 2,724,137.81 from CNY 2,040,430.79, indicating an increase in deferred costs[15] - The total deferred tax liabilities were reported at CNY 3,667,647.37[57]