通源石油(300164) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥212,259,348.79, a decrease of 30.02% compared to ¥303,305,754.62 in the same period last year[8] - Net profit attributable to shareholders was -¥16,340,827.30, representing a decline of 217.12% from ¥13,951,761.67 in the previous year[8] - Basic earnings per share were -¥0.0332, down 207.44% from ¥0.0309 in the same period last year[8] - The company reported a net loss attributable to shareholders of RMB 16,340,800, a decrease of 217.12% year-on-year[25] - The net profit for the first quarter was a loss of CNY 17,743,380.18, compared to a profit of CNY 14,293,214.25 in the same period last year[54] - The net profit for the first quarter of 2020 was -4,560,515.73 CNY, compared to a profit of 7,983,627.56 CNY in the same period last year, indicating a significant decline[58] - Operating profit for the first quarter was -4,497,046.03 CNY, down from 8,714,043.06 CNY year-over-year[58] - The total comprehensive income for the first quarter was -4,560,515.73 CNY, compared to 7,983,627.56 CNY in the same period last year[59] Cash Flow - Net cash flow from operating activities was -¥7,707,472.32, a significant drop of 1,704.20% compared to ¥480,454.74 in Q1 2019[8] - Cash received from investment recoveries decreased by 79.66% year-on-year, mainly due to prior year distributions from the investment fund[24] - The company reported a net cash outflow from investing activities of -167,126,242.51 CNY, worsening from -78,280,074.68 CNY in the previous year[62] - The net cash flow from financing activities was 240,300,718.90 CNY, compared to 17,609,148.73 CNY in the same period last year, indicating increased financing activity[63] - The total cash and cash equivalents at the end of Q1 2020 amounted to ¥140,514,640.09, up from ¥28,229,505.21 at the beginning of the period, reflecting a net increase of ¥112,285,134.88[66] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,037,669,655.50, an increase of 2.87% from ¥2,952,825,271.78 at the end of the previous year[8] - The company's total assets increased to CNY 2,683,379,566.10 from CNY 2,561,040,307.37[50] - Total liabilities decreased to CNY 867,283,631.80 from CNY 1,079,900,590.24, a significant decline of about 19.7%[45] - The company's total liabilities included short-term borrowings of ¥192,258,306.94 and long-term borrowings of ¥100,000,000.00, indicating a structured approach to financing[69] - The total assets reached CNY 2,561,040,307.37, reflecting the company's financial position[72] Shareholder Information - The total number of common shareholders at the end of the reporting period was 21,446[11] - The largest shareholder, Zhang Guoan, held 17.06% of the shares, with 87,615,217 shares, of which 65,711,413 were pledged[11] - The company did not engage in any repurchase transactions during the reporting period[12] - The total number of restricted shares at the end of the period is 170,128,960, with 24,378,804 shares released during the current period[17] - The company has a policy of releasing 25% of executive locked shares annually based on total shareholding[14] Investment Activities - The company plans to acquire 71.011% equity in a target company through the issuance of shares and convertible bonds[26] - Cash paid for investments increased by 111.01% year-on-year, primarily for the acquisition of remaining equity in a subsidiary[24] - The company has pre-invested CNY 195.25 million in fundraising projects using self-raised funds as of March 31, 2020[36] - The cumulative investment in fundraising projects has reached 100% of the committed investment amount[35] Market Conditions and Risks - The company is closely monitoring the COVID-19 situation in the U.S., which significantly impacts its revenue due to high exposure in North America[29] - The company faces risks from fluctuating oil prices, which could impact exploration and development investments[27] - The company aims to optimize management and reduce costs to mitigate risks from oil price fluctuations[28] Compliance and Adjustments - The company adjusted its financial statements to comply with new revenue and leasing standards effective from January 1, 2020, impacting the classification of contract liabilities[67] - The company is implementing new revenue recognition standards effective from January 1, 2020, impacting the accounting treatment of customer payments[73] - There were no changes in the feasibility of fundraising investment projects[36] - The company has not encountered any issues with the use and disclosure of fundraising funds[36] - The company has not undergone an audit for the first quarter report[74]