京东方B(200725) - 2020 Q1 - 季度财报

Financial Performance - Revenue for Q1 2020 was CNY 25.88 billion, a decrease of 2.17% compared to CNY 26.45 billion in the same period last year[4] - Net profit attributable to shareholders was CNY 566.68 million, down 46.12% from CNY 1.05 billion year-on-year[4] - Net profit excluding non-recurring items was a loss of CNY 502.35 million, compared to a profit of CNY 352.30 million in the previous year, representing a decline of 242.59%[4] - Basic and diluted earnings per share were both CNY 0.014, down 53.33% from CNY 0.030 year-on-year[4] - Total operating revenue for Q1 2020 was CNY 25,879,940,117, a decrease of 2.17% compared to CNY 26,454,258,554 in the same period last year[33] - Gross profit margin decreased significantly, resulting in a net profit of CNY -117,750,655, compared to a net profit of CNY 841,859,716 in Q1 2019[34] - The company reported a net profit attributable to shareholders of the parent company of ¥566,676,460, a decrease of 46% compared to ¥1,051,781,919 in the previous period[36] - The total comprehensive income attributable to shareholders of the parent company was ¥618,691,679, down from ¥1,216,640,699, reflecting a significant decline[36] - The company incurred a net loss of ¥119,069,003, compared to a net profit of ¥1,537,906,081 in the same period last year[38] Cash Flow and Investments - Operating cash flow for the period was CNY 5.22 billion, a decrease of 15.26% from CNY 6.16 billion in the same period last year[4] - The net cash flow from operating activities was CNY 5,223,671,919, a decrease of 15.3% compared to CNY 6,164,241,385 in the previous period[41] - The total cash inflow from investment activities was CNY 7,485,220,158, down 22.3% from CNY 9,634,009,384 in the previous period[41] - The net cash flow from financing activities was CNY 2,022,021,824, a significant decrease of 56.7% compared to CNY 4,667,449,961 in the previous period[42] - The cash outflow from investment activities totaled CNY 15,577,387,488, a decrease of 30.3% from CNY 22,318,001,274 in the previous period[41] - The total cash and cash equivalents at the end of the period were CNY 49,658,427,037, compared to CNY 41,232,516,752 at the end of the previous period, reflecting an increase of 20.5%[42] Assets and Liabilities - Total assets at the end of the period were CNY 341.41 billion, an increase of 0.29% from CNY 340.41 billion at the end of the previous year[4] - The company's current assets totaled CNY 104.38 billion, showing a marginal decrease from CNY 104.45 billion at the end of 2019[26] - The total liabilities decreased to CNY 196.52 billion from CNY 199.35 billion, a reduction of approximately 1.4%[28] - Non-current liabilities totaled CNY 69,758,492,904, a decrease from CNY 71,235,335,660 in the previous year[32] - The company's equity totaled CNY 86.91 billion, reflecting a decrease of CNY 5.34 billion[52] Shareholder Information - The top shareholder, Beijing State-owned Capital Management Center, holds 11.68% of shares, amounting to 4.06 billion shares[7] - The company’s board members and executives committed to not reducing or transferring their shares during their tenure and for six months thereafter, ensuring stability in shareholder equity[18] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[24] Government Subsidies and Taxation - The company reported government subsidies recognized in the current period amounting to CNY 1.14 billion[5] - Income tax expenses decreased by 56% year-on-year, attributed to a reduction in profits during the reporting period[12] - The company received tax refunds amounting to ¥2,661,689,752, an increase from ¥2,355,511,638 in the previous period[40] Research and Development - Research and development expenses rose to CNY 1,568,083,480, compared to CNY 1,446,311,254 in the previous year, indicating a focus on innovation[34] - Research and development expenses were ¥413,372,812, slightly up from ¥412,873,692, indicating continued investment in innovation[38] Litigation and Legal Matters - The company is involved in ongoing litigation with LeEco, with a total claim amounting to approximately 41.84 million USD[14] Risk Management and Derivative Investments - The company reported no overdue amounts in its entrusted wealth management activities, indicating effective risk management[20] - The company’s derivative investments are primarily focused on foreign exchange risk management, with measures in place to align trading activities with operational needs[21] - The company has maintained a consistent accounting policy for derivative investments, with no significant changes compared to the previous reporting period[21] Other Financial Metrics - The company reported a significant investment loss of ¥8,717,548, compared to a profit of ¥805,532,954 in the previous period[38] - The company has a long-term investment of CNY 161,558,265,962, showing stability in its investment strategy[31] - The company has a total of CNY 24.57 billion in other payables, which includes interest payable of CNY 721.33 million[47]