金龙机电(300032) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥233,775,435.44, a decrease of 42.37% compared to ¥405,667,830.77 in the same period last year[7] - Net profit attributable to shareholders was -¥28,835,517.68, representing a decline of 277.40% from -¥7,640,671.31 year-on-year[7] - Basic earnings per share were -¥0.0359, down 277.89% from -¥0.0095 in the previous year[7] - The company reported a revenue of 233.78 million yuan, a decrease of 42.37% compared to the same period last year[16] - The net profit attributable to shareholders was -28.84 million yuan, a decline of 277.40% year-on-year[16] - Net profit for the current period is a loss of ¥29,011,328.42, compared to a loss of ¥9,231,599.55 in the previous period[39] - Operating profit for the current period is a loss of ¥30,876,796.50, compared to a loss of ¥13,510,112.28 in the previous period[39] - The company reported a total comprehensive loss of ¥23,630,058.63 for the current period, compared to a loss of ¥9,562,865.69 in the previous period[40] - Basic and diluted earnings per share for the current period are both -0.0359, compared to -0.0095 in the previous period[39] Cash Flow - Net cash flow from operating activities was -¥439,712.29, a decrease of 101.18% compared to ¥37,290,467.48 in the same period last year[7] - Operating cash flow net amount decreased by 101.18% year-on-year, primarily due to reduced business income impacted by the COVID-19 pandemic[15] - The cash inflow from operating activities was CNY 395,190,766.80, a decrease from CNY 512,186,837.63 in the previous period, representing a decline of approximately 23%[46] - The net cash outflow from operating activities was CNY -439,712.29, compared to a net inflow of CNY 37,290,467.48 in the previous period[47] - The cash inflow from investment activities was CNY 3,185,000.00, significantly lower than CNY 76,194,003.00 in the previous period, indicating a decrease of about 96%[48] - The net cash outflow from investment activities was CNY -11,696,605.11, compared to a net inflow of CNY 47,298,909.24 in the previous period[48] - The cash outflow from financing activities was CNY 4,310,865.98, a decrease from CNY 77,908,939.89 in the previous period, reflecting a reduction of approximately 94%[48] - The net increase in cash and cash equivalents was CNY -16,910,618.27, compared to a decrease of CNY -1,135,456.51 in the previous period[48] - The ending balance of cash and cash equivalents was CNY 104,644,374.17, down from CNY 121,554,992.44 in the previous period[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,183,871,951.48, down 7.31% from ¥2,356,038,897.55 at the end of the previous year[7] - Current assets totaled CNY 753,247,825.36, down from CNY 918,546,443.81, indicating a decrease of about 18%[30] - The company's cash and cash equivalents decreased to CNY 187,713,433.39 from CNY 196,721,230.45, a decline of approximately 4.1%[29] - Accounts receivable dropped significantly to CNY 202,087,045.34 from CNY 373,674,456.14, representing a decrease of around 46%[29] - Total current liabilities decreased to CNY 684,330,882.02 from CNY 828,683,752.78, a reduction of about 17.4%[31] - The total liabilities decreased to CNY 767,179,714.73 from CNY 912,407,590.80, reflecting a decline of approximately 15.9%[31] - The company's equity attributable to shareholders decreased to CNY 1,452,649,786.85 from CNY 1,479,413,046.11, a decrease of about 1.8%[32] Government Support and Subsidies - The company received government subsidies amounting to ¥1,763,400.02 during the reporting period[8] - The company recorded other income of ¥1,763,400.02 in the current period, up from ¥200,000.00 in the previous period[38] Market and Operational Strategy - The company plans to actively explore markets for smart wearables, smart home devices, and automotive motors to increase the proportion of non-mobile motor business[18] - The company aims to enhance its R&D capabilities and operational efficiency to regain recognition and new orders from international clients[19] - The company faces risks related to customer loss, particularly due to reliance on a major international client whose product lifecycle is nearing its end[18] - The company is currently undergoing a bankruptcy liquidation process for its controlling shareholder, which may impact its operational stability and customer confidence[20] Investment and Financial Activities - Investment cash flow net amount decreased by 124.73% year-on-year, mainly due to a reduction in the recovery of investment funds[15] - Financial expenses decreased by 112.45% year-on-year, mainly due to exchange gains from currency fluctuations[15] - The company experienced a 56.42% decrease in taxes and surcharges compared to the previous year, attributed to a reduction in turnover tax[15] - Long-term investments increased to CNY 76,664,271.98 from CNY 69,414,271.98, showing a growth of approximately 10%[30] - Investment income from joint ventures and associates for the current period is ¥7,250,000.00, compared to ¥5,217,363.38 in the previous period[38]