西麦食品(002956) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥189,582,824.36, a decrease of 29.13% compared to ¥267,511,617.20 in the same period last year[8] - The net profit attributable to shareholders for Q1 2020 was ¥34,956,511.69, down 27.12% from ¥47,962,700.44 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,227,614.30, reflecting a decline of 41.80% compared to ¥45,065,769.66 in the same period last year[8] - Basic and diluted earnings per share decreased by 45.00% to ¥0.44 from ¥0.80 in the same period last year[8] - The weighted average return on equity fell to 2.57%, down 6.21% from 8.78% in the previous year[8] - The company's operating profit for Q1 2020 was ¥43,040,307.49, a decrease of 22.8% compared to ¥55,788,498.29 in the previous period[40] - The total comprehensive income for Q1 2020 was ¥34,956,511.69, down from ¥47,962,700.44 in the same period last year[43] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥1,323,823.11, a significant drop of 102.07% from ¥63,940,154.75 in the previous year[8] - The company reported a net cash outflow from operating activities of ¥1,323,823.11, contrasting with a net inflow of ¥63,940,154.75 in the same period last year[46] - The cash outflow for operating activities was ¥2,877,719.18, significantly lower than ¥19,521,399.99 in the previous period, suggesting improved cost management[49] - The net cash flow from operating activities for the first quarter was ¥1,057,632.87, compared to a negative cash flow of ¥13,999,425.52 in the previous period, indicating a significant improvement[49] - The total cash and cash equivalents at the end of the period were ¥20,430,667.30, compared to ¥88,740,231.06 at the end of the previous period, showing a decrease[50] - The net increase in cash and cash equivalents for the quarter was ¥12,113,021.40, a recovery from a decrease of ¥215,500,978.16 in the previous period[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,619,213,717.90, a decrease of 2.13% from ¥1,654,494,007.27 at the end of the previous year[8] - Total liabilities decreased to CNY 243.74 million from CNY 313.98 million, a reduction of 22.3%[33] - The total liabilities of the company stood at ¥313,977,462.88, unchanged from the previous period, indicating stable financial leverage[54] - The total assets of the company remained at ¥1,654,494,007.27, reflecting no significant changes in the asset base[54] Government Support and Subsidies - The company received government subsidies amounting to ¥2,394,723.91, primarily due to successful listing[9] Cost Management - The company reported a decrease in sales expenses and management fees, indicating a potential strategy to control costs amid declining revenues[42] - The company reported a significant decrease in sales expenses, which fell to CNY 62.75 million from CNY 96.13 million, a decline of 34.5%[38] Investment and Financing - The fair value changes and investment income from financial assets amounted to ¥9,722,844.23, attributed to cash management after fundraising[9] - Short-term borrowings increased by 75.0%, primarily due to new working capital loans after resuming operations post-Spring Festival[16] - The company received ¥15,000,000.00 in borrowings during the first quarter, down from ¥70,000,000.00 in the previous period, indicating reduced reliance on debt financing[47] Research and Development - Research and development expenses rose slightly to CNY 0.86 million from CNY 0.78 million, indicating continued investment in innovation[38] - Research and development expenses increased to ¥328,215.14, up from ¥293,595.29 in the previous year, reflecting a focus on innovation[42]