ST金时(002951) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥122,062,909.09, representing a decrease of 16.58% compared to ¥146,331,968.04 in the same period last year[7]. - The net profit attributable to shareholders was ¥35,298,024.49, down 12.81% from ¥40,482,918.01 year-on-year[7]. - Basic earnings per share fell by 18.18%, from ¥0.11 to ¥0.09[7]. - Total operating revenue for the first quarter was CNY 122,062,909.09, a decrease from CNY 146,331,968.04 in the previous period[41]. - Net profit for the first quarter was CNY 35,298,024.49, down from CNY 40,482,918.01 in the same period last year[43]. - The total comprehensive income for the period was CNY 35,298,024.49, compared to CNY 40,482,918.01 in the previous period[47]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 70.33%, from ¥58,705,710.74 to ¥17,415,983.16[7]. - Cash outflow from operating activities rose by 42.58% to ¥138,215,220.07, primarily due to increased payments for materials[15]. - The net cash flow from operating activities for Q1 2020 was -16,002,650.84 CNY, an improvement from -18,700,864.48 CNY in the same period last year[54]. - Total cash inflow from operating activities was 33,337,999.34 CNY, compared to 7,076,325.62 CNY in Q1 2019, indicating a significant increase[54]. - Cash and cash equivalents decreased to CNY 223,645,319.01 from CNY 371,748,496.82[38]. - The total cash and cash equivalents at the end of Q1 2020 were 196,903,955.81 CNY, down from 476,813,607.10 CNY at the end of Q1 2019[55]. Assets and Liabilities - Total assets increased by 4.85% to ¥1,596,120,246.18 compared to the end of the previous year[7]. - The company's total assets as of Q1 2020 amounted to 1,128,273,880.31 CNY, unchanged from the previous year[61]. - Total liabilities stood at CNY 237,088,763.00, up from CNY 198,533,355.62, which is an increase of about 19.4%[34]. - The total liabilities were reported at 33,125,162.85 CNY, indicating a stable liability position[61]. - The company's equity remained stable at CNY 405,000,000.00, with no changes reported in the capital reserve[34]. - The total equity of the company was 1,095,148,717.46 CNY, reflecting a consistent equity base[61]. Shareholder Information - The top shareholder, Caishi Group Co., Ltd., holds 65.84% of the shares, totaling 266,666,667 shares[11]. - The total number of ordinary shareholders at the end of the reporting period was 19,222[11]. Inventory and Receivables - Inventory increased by 35.72% to ¥126,541,470.59, reflecting an increase in stockpiling based on market demand[15]. - Accounts receivable financing decreased by 91.93% to ¥800,000 from ¥9,915,712.76 due to the endorsement transfer of bank acceptance bills[15]. - Accounts receivable rose slightly to CNY 119,990,695.41 from CNY 118,981,481.49, showing a marginal increase of about 0.9%[32]. - Inventory increased significantly to CNY 126,541,470.59 from CNY 93,238,966.76, marking a growth of approximately 35.7%[32]. Expenses and Financial Activities - Research and development expenses fell by 33.70% to ¥2,042,213.49, due to reduced product design and testing costs[15]. - Financial expenses increased by 736.47% to -¥1,458,184.61, driven by higher interest from bank deposits[15]. - The company made a donation of ¥5,000,000 to combat COVID-19, reflected as an extraordinary expense[15]. - The company incurred research and development expenses of CNY 1,196,304.59 during the quarter, slightly lower than CNY 1,223,214.14 in the previous period[46]. Government Support - The company received government subsidies amounting to ¥861,882.28 during the reporting period[8]. Future Plans - The company plans to redirect part of the raised funds from its IPO to the ongoing construction of the Hunan production base project, reallocating ¥14,000.00 million and ¥4,380.00 million from two other projects[17]. Compliance and Audit - The company has not undergone an audit for the Q1 2020 report, which remains unaudited[61]. - The company reported no derivative investments or non-compliance with external guarantees during the reporting period[25][26]. - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[27]. Changes in Accounting Standards - The company is implementing new revenue and leasing standards starting from 2020, which may impact future financial reporting[56].