清水源(300437) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥271,333,931.78, a decrease of 28.30% compared to ¥378,408,698.28 in the same period last year[7]. - Net profit attributable to shareholders was ¥20,278,319.96, down 37.73% from ¥32,564,618.45 year-on-year[7]. - Basic earnings per share decreased to ¥0.0929, a decline of 37.73% compared to ¥0.1492 in the previous year[7]. - The company reported a revenue of 271.33 million yuan, a decrease of 28.30% compared to the same period last year[16]. - The net profit attributable to shareholders was 20.28 million yuan, down 37.73% year-on-year[16]. - The company’s operating profit decreased by 43.01% to 336.31 million yuan, primarily due to the impact of the COVID-19 pandemic on project execution[16]. - The company reported a decrease in profits in 2019 due to fewer new engineering projects and plans to focus on high-quality project selection in 2020[23]. - The net profit for Q1 2020 was CNY 25,566,054.52, down from CNY 44,028,765.14 year-over-year, representing a decline of approximately 41.9%[42]. - The total comprehensive income for Q1 2020 was CNY 25,587,624.16, down from CNY 44,019,447.48 in the previous year, reflecting a decline of approximately 41.9%[43]. - The company's operating profit for Q1 2020 was CNY 33,630,953.23, compared to CNY 59,009,391.80 in the previous period, a decrease of about 43.0%[42]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥23,336,677.04, a 60.20% increase from -¥58,632,950.37 in the same period last year[7]. - Cash received from operating activities increased by 162.13% to 1.68 billion yuan, mainly due to the return of performance bonds[16]. - Cash inflow from operating activities was CNY 439,216,287.44, an increase from CNY 339,890,255.67 in the previous period[48]. - The total cash and cash equivalents at the end of the period were 376,215,821.44 yuan, down from 453,450,314.42 yuan at the beginning of the period[51]. - The net increase in cash and cash equivalents was -77,234,492.98 yuan, compared to -65,096,531.26 yuan in the previous period, reflecting ongoing cash flow challenges[51]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,708,965,008.18, reflecting a 0.75% increase from ¥4,673,849,759.22 at the end of the previous year[7]. - Total liabilities increased slightly to CNY 2,769,309,003.26 from CNY 2,762,889,302.90[35]. - The total equity attributable to shareholders increased to CNY 1,634,396,563.31 from CNY 1,611,546,560.53, reflecting a strengthening of the company's financial position[35]. - The company has a total of CNY 370,469,271.02 in bonds payable, representing a significant portion of its long-term financing[59]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,316[10]. - The largest shareholder, Wang Zhiqing, holds 43.63% of the shares, totaling 95,270,000 shares[10]. Research and Development - Research and development expenses increased by 47.80% to 41.31 million yuan due to higher investment in R&D projects[16]. - The company is focusing on developing multifunctional green water treatment agents and zero-emission technologies for industrial wastewater[17]. - The company's research and development expenses for Q1 2020 were CNY 350,244.28, down from CNY 489,896.59 in the previous year, indicating a reduction of approximately 28.5%[45]. Project Updates - The company plans to accelerate project progress and expand market operations as the domestic pandemic situation stabilizes[16]. - The company plans to complete the R&D center construction project by March 31, 2018, due to delays caused by environmental regulations[22]. - The annual production capacity expansion project for 30,000 tons of water treatment agents has been delayed to December 31, 2017, primarily due to disagreements on production feasibility[23]. - The company has completed and put into operation the main construction of the annual production capacity of 30,000 tons of water treatment agents project[24]. - The company decided to terminate the construction of the chlorination, solidification, and packaging sections of the 30,000 tons water treatment agent expansion project, as existing facilities can meet production needs[24]. Financing Activities - The total amount of funds raised was 1.04 billion yuan, with 29.87 million yuan invested in the current quarter[21]. - The company’s cash flow from financing activities increased by 38.95% to 348.72 million yuan, reflecting an increase in received guarantee deposits[16]. - The company received 166,616,888.89 yuan in borrowings during the financing activities, compared to 200,000,000.00 yuan in the previous period[51].