Financial Performance - Total revenue for Q1 2020 was ¥98,490,327.49, a decrease of 48.26% compared to ¥190,347,003.89 in the same period last year[7] - Net profit attributable to shareholders was -¥21,348,716.82, representing a decline of 203.40% from -¥7,036,417.50 year-on-year[7] - Basic earnings per share were -¥0.0667, down 203.18% from -¥0.0220 in the previous year[7] - Operating profit and total profit were -23.01 million yuan and -22.53 million yuan, with declines of 185.16% and 196.02% respectively[17] - Net profit attributable to the parent company was -21.35 million yuan, a decline of 203.40% year-on-year[17] - The net profit for Q1 2020 was a loss of CNY 20,295,604.89, compared to a loss of CNY 7,037,164.63 in the same period last year, indicating a worsening financial performance[38] - The total comprehensive income for Q1 2020 was a loss of CNY 19,399,818.74, compared to a loss of CNY 8,427,305.52 in the previous year[39] - The total profit for Q1 2020 was a loss of CNY 22,527,735.25, compared to a loss of CNY 7,610,266.58 in the same period last year[38] Cash Flow - Net cash flow from operating activities was -¥107,309,136.10, a decrease of 132.16% compared to -¥46,221,905.75 in the same period last year[7] - Net cash flow from operating activities was -107.31 million yuan, a decrease of 61.09 million yuan year-on-year, primarily due to reduced sales collections impacted by the pandemic[18] - Cash inflows from operating activities totaled CNY 191,232,917.13 in Q1 2020, down from CNY 272,262,103.50 in the previous period[45] - The cash flow from operating activities net amount was -100,775,474.37 CNY, compared to -46,200,742.06 CNY in the previous period, indicating a decline of approximately 117.5%[49] - Cash inflow from financing activities was 66,714,699.98 CNY, a significant increase from 16,420,068.56 CNY in the previous period, representing an increase of approximately 305.5%[47] - The net cash flow from financing activities was 8,413,240.86 CNY, compared to -24,586,343.83 CNY in the previous period, showing a turnaround in cash flow[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,469,370,134.96, down 11.26% from ¥1,655,906,916.29 at the end of the previous year[7] - The company's total assets as of March 31, 2020, were CNY 1,403,778,474.35, compared to CNY 1,428,127,998.25 at the end of 2019[33] - Total liabilities decreased to CNY 515,824,066.87 from CNY 524,651,932.37 in the previous period[34] - The total equity attributable to shareholders was CNY 887,954,407.48, down from CNY 903,476,065.88[34] - Cash and cash equivalents decreased by 46.34% compared to the beginning of the year, primarily due to lower sales collections during the reporting period[16] - Cash and cash equivalents decreased to CNY 101,356,299.70 from CNY 193,159,270.71[31] Expenses - Sales expenses decreased by 52.07% year-on-year, primarily due to the impact of the pandemic and the transfer of a subsidiary with high expenses[17] - R&D expenses increased by 30.14% year-on-year, mainly due to the increased R&D investment from newly consolidated subsidiaries[17] - Financial expenses rose by 302.21% year-on-year, attributed to reduced exchange gains and increased interest expenses[17] - Research and development expenses increased to CNY 8,271,498.87 from CNY 6,355,753.37 year-over-year[37] - The company incurred research and development expenses of CNY 3,421,369.20 in Q1 2020, compared to CNY 5,016,246.84 in the previous year[41] Other Financial Metrics - Cash and cash equivalents decreased to CNY 101,356,299.70 from CNY 193,159,270.71[31] - Accounts receivable notes decreased by 61.36% compared to the beginning of the year, mainly due to the maturity of receivable notes[16] - Other current assets increased by 34.44% compared to the beginning of the year, mainly due to an increase in retained VAT[16] - Other payables decreased by 77.39% compared to the beginning of the year, primarily due to the reduction of consolidated subsidiaries[16] - The company reported a net investment income of CNY 953,349.37, compared to a loss of CNY 6,280,503.86 in the previous period[37] - The company recorded a credit impairment loss of CNY -1,292,929.21 in Q1 2020, contrasting with a gain of CNY 933,657.99 in the previous year[42]
科泰电源(300153) - 2020 Q1 - 季度财报