兴瑞科技(002937) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥211,273,245.87, a decrease of 17.31% compared to ¥255,513,245.60 in the same period last year[11]. - Net profit attributable to shareholders decreased by 36.14% to ¥24,597,801.11 from ¥38,520,882.59 year-on-year[11]. - Basic and diluted earnings per share fell by 36.09% to ¥0.0836 from ¥0.2094 in the same period last year[11]. - The total operating revenue for the first quarter was CNY 117,336,335.20, a decrease of 18.9% compared to CNY 144,982,609.73 in the same period last year[67]. - The net profit for the first quarter was CNY 24,597,801.11, down 36.2% from CNY 38,520,882.59 year-on-year[64]. - The operating profit decreased to CNY 28,416,747.96, a decline of 36.5% from CNY 44,786,045.47 in the previous year[64]. - The total comprehensive income for the first quarter was CNY 24,448,912.02, a decrease from CNY 38,513,999.18 year-on-year[66]. Cash Flow - The net cash flow from operating activities was -¥15,359,650.40, a decline of 115.22% compared to ¥100,947,397.44 in the previous year[12]. - The net operating cash flow for Q1 2020 was -15.36 million RMB, a decrease of 116.31% compared to the same period last year, primarily due to structural deposit purchases and a reduction in cash received from sales by 47.35 million RMB[30]. - Cash inflow from operating activities totaled CNY 519,154,852.09, an increase of 42.6% compared to CNY 364,262,001.56 in the previous period[73]. - Cash outflow from operating activities was CNY 534,514,502.49, significantly higher than CNY 263,314,604.12 in the previous period, resulting in a net cash flow from operating activities of CNY -15,359,650.40[75]. - The company reported a significant decrease in cash flow due to structural deposit purchases and a reduction in cash received from sales of goods and services[12]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,121,454,339.81, a decrease of 2.42% from ¥1,149,228,542.44 at the end of the previous year[11]. - The company's current assets decreased to CNY 801,879,048.65 from CNY 829,145,013.88, reflecting a decline of approximately 3.5%[50]. - The total liabilities included accounts payable of CNY 136,768,530.30, down from CNY 160,895,800.21, indicating a decrease of approximately 15%[52]. - The total liabilities decreased to CNY 176,612,857.26 from CNY 182,627,989.73 year-over-year[60]. - The company's total current liabilities were CNY 228,302,079.30 as of the first quarter of 2020[85]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,164[14]. - The largest shareholder, Ningbo Zheqi Investment Management Co., Ltd., held 24.54% of the shares[14]. - As of February 13, 2020, the actual controller and chairman Zhang Zhongliang has cumulatively increased his shareholding by 690,060 shares, accounting for 0.2344% of the total share capital, with a total investment of approximately RMB 9.94 million at an average price of RMB 14.40 per share[22]. - The company plans to increase its shareholding by an amount not less than RMB 10 million and not exceeding RMB 50 million within the next six months, based on confidence in the smart terminal and new energy vehicle electronics industries[21]. Government Support and Subsidies - The company received government subsidies amounting to ¥50,275.03 during the reporting period[13]. Financial Management - Financial expenses decreased significantly by RMB 8.52 million, a decline of 658.45% compared to the same period last year[25]. - The company reported a decrease in income tax expenses by RMB 4.13 million, a reduction of 53.41% year-on-year[25]. - The company reported a tax expense of CNY 3,606,238.75, down from CNY 7,740,282.06 in the previous year, indicating a lower tax burden due to reduced profits[64]. - The total operating costs were CNY 180,078,805.08, down from CNY 221,920,832.88, reflecting cost control measures[64]. Investment Activities - Investment income increased by RMB 530,263.49, representing a growth of 603.89% year-on-year[25]. - The company experienced a significant increase in investment activities, with net cash flow from investing activities at negative RMB 103.13 million, an increase of 244.87% compared to the previous year[28]. - The company reported a derivative financial asset of CNY 114,001,639.64, a significant increase from CNY 31,025,900.00, reflecting a growth of approximately 267%[50]. Other Financial Metrics - The company's trading financial assets increased by RMB 82.98 million, a rise of 267.44% from the end of 2019[26]. - The company's prepayments increased by RMB 3.87 million, reflecting a growth of 331.29% compared to the beginning of 2019[26]. - The company maintained its capital reserve at CNY 353,595,972.90[60]. - The company reported an increase in undistributed profits to CNY 285,917,677.04 from CNY 261,319,875.93[56].