青鸟消防(002960) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥169,800,536.25, a decrease of 54.14% compared to ¥370,283,583.56 in the same period last year[8]. - Net profit attributable to shareholders was ¥5,223,992.18, down 89.67% from ¥50,587,249.67 year-on-year[8]. - The company reported a basic earnings per share of ¥0.02, a decrease of 92.86% from ¥0.28 in the same period last year[8]. - Total operating revenue for Q1 2020 was ¥169,800,536.25, a decrease of 54.2% compared to ¥370,283,583.56 in the same period last year[51]. - The total profit for the quarter was CNY 4,696,474.75, compared to CNY 57,763,103.01 in the previous year, indicating a decrease of approximately 91.9%[60]. - The operating profit for the quarter was CNY -7,241,805.18, compared to CNY 57,742,678.93 in the same period last year, showing a substantial loss[60]. - The company recorded a total comprehensive income of CNY -3,792,240.44, compared to CNY 42,349,383.08 in the previous year, indicating a significant decline[57]. Cash Flow - The net cash flow from operating activities was -¥210,583,072.66, a decline of 4.49% compared to -¥201,535,618.04 in the previous year[8]. - The net cash flow from operating activities was -140,071,165.00 yuan, compared to -139,813,191.49 yuan in the previous period, indicating a slight increase in cash outflow[69]. - The company reported a total cash outflow from operating activities of 297,406,952.13 yuan, compared to 331,741,114.81 yuan in the previous period, showing a decrease in cash outflow[69]. - Cash inflow from investment activities totaled 620,085,006.96 yuan, while cash outflow was 721,201,033.49 yuan, resulting in a net cash flow from investment activities of -101,116,026.53 yuan[71]. - The net cash flow from financing activities was -2,324,743.05 yuan, compared to -1,633,062.51 yuan in the previous period, reflecting an increase in cash outflow[71]. - The total cash and cash equivalents at the end of the period amounted to 285,173,126.85 yuan, down from 528,639,993.90 yuan at the beginning of the period[71]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,402,150,679.87, down 5.73% from ¥3,608,927,955.28 at the end of the previous year[8]. - The company's current assets totaled CNY 3,013,476,660.56, down from CNY 3,236,736,216.37 at the end of 2019, indicating a decrease of about 6.93%[39]. - Total liabilities decreased to CNY 642,625,091.06 from CNY 839,844,451.03, a reduction of about 23.5%[43]. - The company's equity attributable to shareholders decreased to CNY 2,738,834,610.15 from CNY 2,743,564,900.25, a slight decline of approximately 0.17%[45]. Inventory and Operating Costs - Inventory increased by 50.56% to approximately ¥366.20 million due to increased stocking in response to the easing of the COVID-19 pandemic[19]. - Operating revenue decreased by 54.14% to approximately ¥169.80 million, primarily due to reduced sales and shipments impacted by the pandemic[19]. - Operating costs decreased by 58.01% to approximately ¥91.94 million, corresponding to the decline in sales revenue[19]. - Inventory rose significantly to ¥241,546,012.35, an increase of 61.7% compared to ¥149,301,676.39[46]. Research and Development - The company is actively promoting the research and development of electronic fire protection products and optimizing sales layout and management[18]. - Research and development expenses for Q1 2020 were ¥25,198,348.72, an increase of 17.5% compared to ¥21,497,789.92 in Q1 2019[53]. - Research and development expenses increased to CNY 14,058,218.15 from CNY 11,936,808.10, representing a rise of about 17.7%[58]. Government Support and Subsidies - The company received government subsidies, leading to a 245.75% increase in cash received related to operating activities, totaling approximately ¥24.22 million[21]. - Other income increased by 51.44% to approximately ¥3.65 million, due to an increase in software product tax refunds received[19]. Employee Management and Operations - The company has arranged for employees to return to work safely and orderly, with business data such as contracts, shipments, and collections steadily recovering[18]. - The company will continue to monitor the pandemic closely and adjust its operations to mitigate adverse effects and strive for steady growth in performance[18].