大富科技(300134) - 2020 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2020 was ¥480,333,380.11, a decrease of 18.55% compared to ¥589,748,069.31 in the same period last year[8] - Net profit attributable to shareholders was -¥7,055,946.75, representing a decline of 131.64% from ¥22,297,601.78 in the previous year[8] - Basic and diluted earnings per share were both -¥0.01, down 133.33% from ¥0.03 in the previous year[8] - The company reported a net loss of CNY 235,011.45 for Q1 2020, contrasting with a profit of CNY 29,490,228.32 in the same quarter last year[57] - The company reported a significant increase in prepayments from CNY 14,946,448.81 to CNY 24,772,640.10, a growth of about 65.92%[40] - The company’s total comprehensive income for Q1 2020 was CNY 765,387.19, a significant drop from CNY 23,118,507.57 in the previous year[58] Cash Flow - Net cash flow from operating activities decreased by 48.50%, amounting to ¥119,158,278.36 compared to ¥231,369,181.74 in the same period last year[8] - The company generated a net cash flow from operating activities of 119,158,278.36, compared to 231,369,181.74 in the previous period, a decline of about 48.54%[66] - The net cash flow from investing activities improved by 98.51%, amounting to RMB -8,722,475.85, due to a decrease in funds transferred to financial products[19] - The net cash flow from investing activities was -$34,234,449.90, an improvement compared to -$590,284,077.74 in the previous period[70] - The net increase in cash and cash equivalents for the period was $64,543,581.13, contrasting with a net decrease of $382,287,281.92 in the previous period[71] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,216,228,723.47, a slight increase of 0.17% from ¥6,205,607,480.37 at the end of the previous year[8] - Total liabilities decreased by 32.25% to RMB 65,819,116.03, mainly due to the maturity and settlement of bank bills[18] - Total liabilities increased to CNY 1,026,790,406.70 from CNY 960,505,973.03, reflecting a rise of 6.87%[53] - The company’s equity attributable to shareholders decreased from CNY 4,995,549,734.12 to CNY 4,988,442,035.86, a decline of about 0.14%[45] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 50,343[11] - The largest shareholder, Anhui Peitian Investment Group Co., Ltd., held 43.11% of the shares, totaling 330,848,826 shares[11] - The company did not experience any changes in share capital due to new share issuance or other reasons during the reporting period[9] Operational Highlights - The company's revenue for the first quarter declined year-on-year due to the impact of the COVID-19 pandemic, affecting production and sales[20] - Total sales amount from the top five customers decreased by 17.37% to ¥404,203,241.83 compared to the same period last year[23] - The total amount of purchases from the top five suppliers was RMB 46,735,688.80, a decrease of 23.86% compared to the same period last year, accounting for 19.84% of the total annual procurement[22] Project Investments - The flexible OLED display module industrialization project has a committed investment of CNY 156.5 million, with CNY 2.04 million in benefits realized this quarter[31] - The company plans to terminate the flexible OLED project due to market uncertainties and redirect the remaining funds to repay bank loans and supplement working capital[31] - There are no significant changes in the feasibility of the projects, but the company is adopting a cautious investment approach due to underperformance in expected project outcomes[31] Research and Development - Research and development expenses amounted to CNY 46,730,898.71, a decrease of 8.06% from CNY 50,785,828.04 in the previous year[57] - The company incurred research and development expenses of 21,787,210.33, down from 23,715,984.36, a decrease of about 8.14%[63] Financial Expenses - The company's financial expenses decreased by 93.05% to RMB 933,130.66, mainly due to an increase in exchange gains during the period[18] - Financial expenses were reported at -14,143,927.94, compared to -5,763,374.75 in the previous period, indicating an increase in financial costs[63]