森远股份(300210) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 reached ¥115,931,483.76, a 135.49% increase compared to ¥49,228,909.74 in the same period last year[8] - Net profit attributable to shareholders was ¥12,752,148.78, marking a 188.70% increase from a loss of ¥14,376,211.72 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥9,392,755.81, a 160.78% improvement from a loss of ¥15,453,484.36 year-on-year[8] - Basic earnings per share increased to ¥0.03 from a loss of ¥0.03, reflecting a 200.00% change[8] - The weighted average return on equity improved to 1.45% from -1.21% in the previous year[8] - The company reported a net profit of CNY 159,844,359.11, an increase from CNY 147,092,210.33, indicating a growth of about 8.5%[36] - The company reported a profit before tax of CNY 10,335,239.45 for Q1 2020, compared to a loss before tax of CNY 18,565,001.60 in the same period last year[43] Operating Costs and Expenses - The company experienced a 182.02% increase in operating costs, totaling ¥83,007,300.00 compared to ¥29,430,000.00 in the same period last year[15] - Total operating costs for Q1 2020 amounted to CNY 105,879,891.55, compared to CNY 61,025,722.15 in Q1 2019, reflecting a year-over-year increase of approximately 73.5%[42] - Research and development expenses decreased by 50.45% compared to the previous year, primarily due to delays in new product development caused by the pandemic[20] - Sales expenses decreased by 46.77% compared to the previous year, largely due to reduced travel and accommodation costs amid the pandemic[20] - Management expenses decreased by 23.92% compared to the previous year, primarily due to delayed resumption of work and reduced operational costs[20] - Research and development expenses for Q1 2020 were CNY 2,768,096.95, down from CNY 5,586,794.52 in Q1 2019, indicating a reduction of approximately 50.5%[42] Cash Flow and Assets - Cash flow from operating activities showed a significant decline of 83.94%, down to ¥3,354,325.82 from ¥20,885,968.35[8] - Operating cash flow net amount decreased by 83.94% compared to the previous year, mainly due to slow collection of receivables and reduced cash sales[20] - Cash inflow from operating activities totaled CNY 117,154,929.94, compared to CNY 177,023,144.42 in the same period last year, representing a decline of 33.83%[51] - Cash outflow from operating activities was CNY 113,800,604.12, down from CNY 156,137,176.07, a decrease of 27.06%[51] - Cash and cash equivalents decreased to CNY 108,489,722.39 from CNY 193,749,577.15, representing a significant drop of approximately 44%[33] - Cash and cash equivalents at the end of the period were CNY 12,993,704.04, down from CNY 26,287,830.24, a decline of 50.69%[52] Assets and Liabilities - Total assets decreased by 3.10% to ¥1,766,995,877.02 from ¥1,823,512,604.44 at the end of the previous year[8] - Current assets totaled CNY 922,303,905.22, down from CNY 972,898,356.76, indicating a decrease of about 5.2%[33] - Accounts receivable increased to CNY 345,378,450.69 from CNY 252,669,279.74, marking an increase of around 36.6%[33] - Inventory decreased to CNY 379,350,628.66 from CNY 430,524,309.50, a reduction of about 11.9%[33] - Total liabilities decreased to CNY 871,774,727.20 from CNY 940,990,820.21, a decline of approximately 7.4%[35] - The company's equity increased to CNY 895,221,149.82 from CNY 882,521,784.23, reflecting a growth of about 1.0%[36] Government Support and Future Outlook - The company received government subsidies amounting to ¥3,776,838.33 during the reporting period[9] - The company plans to enhance its core competitiveness and reduce operational risks through systematic management and process optimization[22] - The company faces risks related to industry competition and market fluctuations, which may impact future operations[22] Audit and Reporting - The financial report for the first quarter was not audited[56] - The company has not reported any new product launches or significant market expansions during this quarter[42] - There were no acquisitions or mergers reported in the current financial period[42]