节能环境(300140) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥424,544,227.12, representing a 3.42% increase compared to ¥410,492,205.05 in the same period last year[3] - Net profit attributable to shareholders decreased by 68.19% to ¥3,683,044.49 from ¥11,577,689.94 year-on-year[3] - Net profit after deducting non-recurring gains and losses fell by 80.75% to ¥1,726,034.59 compared to ¥8,965,790.82 in the previous year[3] - Basic and diluted earnings per share decreased by 70.85% to ¥0.0086 from ¥0.0295 year-on-year[3] - The company reported a net fundraising amount of ¥574,144,000, with ¥236,940,000 allocated for project funding needs, resulting in excess funds of ¥337,204,000[23] - The company reported a significant increase in cash inflow from operating activities, totaling ¥335,060,690.89, down from ¥617,070,239.37 in the previous year[64] - The total comprehensive income for the first quarter was -¥20,911,956.07, compared to -¥18,058,340.87 in the previous year, reflecting a decline in overall financial performance[62] Cash Flow - Net cash flow from operating activities was negative at ¥440,561,512.06, a 527.26% increase in outflow compared to ¥-70,236,324.57 in the same period last year[3] - The cash flow from operating activities showed a total inflow of ¥148,402,510.44, compared to ¥79,847,570.55 in the previous year, reflecting a growth of about 85%[66] - The cash flow from operating activities showed a net outflow of -¥440,561,512.06, a significant increase in cash outflow compared to -¥70,236,324.57 in the same period last year[64] - Total cash inflow from financing activities reached ¥1,028,585,925.18, while cash outflow was ¥794,729,004.39, resulting in a net cash flow of ¥233,856,920.79[65] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,440,345,639.04, a slight decrease of 0.12% from ¥6,448,293,958.84 at the end of the previous year[3] - The total liabilities decreased to CNY 4,031,604,183.05 from CNY 4,044,511,777.82, showing a reduction of about 0.32%[52] - The company's total assets as of March 31, 2020, were CNY 6,440,345,639.04, down from CNY 6,448,293,958.84, a decrease of approximately 0.12%[53] - The long-term borrowings rose significantly to CNY 621,008,200.00 from CNY 323,008,200.00, indicating an increase of approximately 92.5%[52] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,984[6] - The largest shareholder, China Energy Conservation and Environmental Protection Group, held 22.97% of the shares, totaling 98,133,708 shares[6] - Net assets attributable to shareholders increased by 0.19% to ¥2,208,693,843.09 from ¥2,204,592,293.34 at the end of the previous year[3] Research and Development - Research and development expenses increased by 44.45% year-on-year, reaching ¥20,904,655.64, driven by new projects[11] - Research and development expenses for the quarter were CNY 20,904,655.64, compared to CNY 14,472,286.17 in the previous year, indicating an increase of approximately 44.8%[57] Operational Challenges - The company faced challenges in executing its waterless toilet business due to the pandemic and funding issues, resulting in unmet performance expectations[13] - The expansion project for electrical equipment production is facing delays due to a downturn in market demand and reduced power investment[20] - The expected benefits from the production of industrial specialty gases at Qiyuan (Shaanxi) Leading Electronic Materials Co., Ltd. have not been realized due to lengthy administrative approval processes[21] Financial Management - The company's financial expenses increased by 40.56% year-on-year, totaling ¥26,156,011.08, due to new loans from financial institutions[11] - The company has no unused raised funds as of the reporting period, with a balance of 0.42 million RMB in the over-raised funds account[43] - The company has not undergone an audit for the first quarter report[69]