五洋停车(300420) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥204,296,491.04, a decrease of 15.93% compared to ¥243,021,664.66 in the same period last year[7] - Net profit attributable to shareholders was ¥24,481,176.21, down 30.67% from ¥35,313,586.63 year-on-year[7] - Net profit excluding non-recurring items was ¥22,783,175.49, reflecting a decrease of 27.61% compared to ¥31,473,512.29 in the previous year[7] - Basic and diluted earnings per share were both ¥0.0342, down 30.63% from ¥0.0493 year-on-year[7] - The company reported a 15.93% decline in sales revenue for Q1 2020, totaling ¥20,429.65 million compared to the same period last year[17] - Net profit for Q1 2020 was CNY 24,951,765.73, down from CNY 34,814,461.82 in the same period last year, representing a decline of approximately 28.5%[42] - Earnings per share (EPS) for Q1 2020 was CNY 0.0342, compared to CNY 0.0493 in the previous year, reflecting a decrease of about 30.5%[43] - The total comprehensive income for the first quarter was CNY 3,462,976.57, a decrease from CNY 5,301,900.80 in the previous year[47] Cash Flow - The net cash flow from operating activities was -¥77,644,112.00, worsening by 36.83% from -¥56,745,098.12 in the same period last year[7] - Cash inflow from operating activities was CNY 257,407,474.32, slightly down from CNY 259,004,430.84 in the previous year[49] - Cash outflow from operating activities totaled CNY 335,051,586.32, compared to CNY 315,749,528.96 in the previous year, resulting in a net cash flow from operating activities of -CNY 77,644,112.00[50] - Cash flow from investing activities generated a net inflow of CNY 30,531,341.59, down from CNY 57,688,198.74 in the previous year[50] - Cash flow from financing activities resulted in a net inflow of CNY 72,828,903.56, compared to CNY 11,385,540.58 in the previous year[51] - The ending balance of cash and cash equivalents was CNY 97,467,629.23, an increase from CNY 72,923,142.54 in the previous year[51] - The company experienced a decrease in cash inflow from sales of goods and services, totaling CNY 20,291,257.26 compared to CNY 22,718,752.80 in the previous year[53] - The company’s cash flow from operating activities showed a significant improvement with a net cash flow of CNY 8,098,521.38 compared to -CNY 15,788,733.00 in the previous year[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,862,578,103.54, an increase of 2.17% from ¥2,801,808,195.43 at the end of the previous year[7] - Current assets totaled CNY 1,609,029,320.05, slightly down from CNY 1,616,269,093.78 at the end of 2019, indicating a decrease of about 0.4%[32] - Total liabilities stood at CNY 1,029,978,178.02, up from CNY 998,850,035.64, reflecting an increase of approximately 3.1%[34] - Total current liabilities were CNY 979,638,947.23, with short-term borrowings at CNY 227,727,794.77[58] - Total non-current liabilities were CNY 19,211,088.41, with deferred income at CNY 17,444,349.35[58] - The company's equity attributable to shareholders rose to CNY 1,701,709,210.04 from CNY 1,677,228,033.83, indicating an increase of about 1.5%[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,849[11] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[27] - There were no violations regarding external guarantees during the reporting period[26] Operational Highlights - The revenue from the parking lot operations increased by ¥1,068.71 million, benefiting from the consolidation of Chang'an Parking[18] - The company's accounts receivable reached ¥77,817.33 million, representing 27.18% of total assets, indicating potential liquidity risks[22] - The company has not overly relied on any single supplier, with the top five suppliers accounting for only 20.51% of total purchases[19] - The company is facing risks related to mergers and acquisitions, including integration challenges and potential goodwill impairment[21] - The non-public offering of shares is still pending implementation, with adjustments made to the issuance plan[23] - The company reported a decrease in sales expenses from CNY 21,214,916.79 to CNY 17,892,044.06, reflecting cost-cutting measures[41] - The company has not disclosed any new product launches or market expansion strategies in the current report[41] Changes in Accounting Standards - The company has implemented new revenue and leasing standards starting in 2020, affecting prior comparative data[61] - The first quarter report for 2020 was not audited[61]