海顺新材(300501) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥155,553,004.86, a decrease of 4.86% compared to ¥163,495,718.63 in the same period last year[7] - Net profit attributable to shareholders was ¥14,347,011.84, down 17.75% from ¥17,442,331.27 year-on-year[7] - Net profit excluding non-recurring items was ¥13,759,207.64, a decrease of 15.46% compared to ¥16,274,435.90 in the previous year[7] - Basic and diluted earnings per share were both ¥0.09, down 47.06% from ¥0.17 in the previous year[7] - The company reported a 4.86% decrease in revenue for Q1 2020, totaling ¥155,553,004.86 compared to the same period last year[19] - Net profit for Q1 2020 was ¥14,534,258.52, reflecting a 13.58% decline year-over-year[19] - The operating profit for the first quarter was CNY 16,719,192.81, down from CNY 20,295,788.82 in the same period last year, reflecting a decrease of approximately 17.5%[37] - The net profit for the first quarter was CNY 14,534,258.52, compared to CNY 16,819,004.53 in the previous year, representing a decline of about 13.6%[38] - The comprehensive income for the first quarter was CNY 14,534,258.52, compared to CNY 16,819,004.53 in the previous year, indicating a decline of about 13.6%[38] Cash Flow and Liquidity - Operating cash flow for the period increased by 31.73% to ¥39,358,220.56 from ¥29,877,681.34 in the same period last year[7] - The company’s cash and cash equivalents increased by 718.48% to ¥47,575,417.29, primarily due to a net increase in operating cash flow[18] - The total cash inflow from operating activities was CNY 155,398,996.37, compared to CNY 147,786,217.32 in the previous period, indicating an increase of about 5.4%[44] - The net cash flow from operating activities for Q1 2020 was CNY 39,358,220.56, an increase of 31.5% compared to CNY 29,877,681.34 in Q1 2019[45] - The company reported a net increase in cash and cash equivalents of CNY 47,575,417.29, compared to a decrease of CNY 7,692,326.65 in the same period last year[46] - The ending balance of cash and cash equivalents was CNY 127,303,573.15, significantly higher than CNY 58,226,568.46 at the end of Q1 2019[46] Assets and Liabilities - Total assets at the end of the period were ¥1,271,987,716.36, an increase of 3.01% from ¥1,234,861,456.88 at the end of the previous year[7] - The company’s total assets increased by 6.46% to ¥559,698,420.09 as of March 31, 2020[27] - Current assets increased to CNY 173,526,185.64 from CNY 124,985,119.43, reflecting a growth of approximately 38.8%[30] - Total liabilities amounted to CNY 482,054,034.89, compared to CNY 472,494,818.57, showing a rise of approximately 2.4%[29] - Owner's equity totaled CNY 789,933,681.47, an increase from CNY 762,366,638.31, representing a growth of about 3.6%[30] - The company maintained a stable long-term debt level at CNY 32,718,166.00, unchanged from the previous period[29] Shareholder Information - The total number of ordinary shareholders at the end of the period was 8,728[11] - The largest shareholder, Lin Wuhui, holds 37.07% of the shares, with 58,019,999 shares, of which 43,514,999 are pledged[11] Research and Development - Research and development expenses rose by 36.13% to ¥4,815,910.73, indicating a strengthened focus on R&D[17] - Research and development expenses increased to CNY 4,815,910.73 from CNY 3,537,813.23, showing a growth of approximately 36.1%[36] Government Support - The company received government subsidies amounting to ¥475,338.94 during the reporting period[8] Investment Activities - The company’s investment cash outflow decreased by 57.29% to ¥128,114,564.87, mainly due to reduced financial product investments[18] - The total cash inflow from investment activities decreased to CNY 111,656,589.45 from CNY 225,504,135.13, representing a decline of 50.5% year-over-year[46] - The cash outflow for investment activities was CNY 132,245,923.00, down from CNY 307,102,671.19 in Q1 2019, indicating a reduction of 56.9%[46] Taxation - The company’s tax expenses decreased by 35.83% to ¥2,250,572.17, due to a reduction in total profit[17] - The tax expenses for the first quarter were CNY 2,250,572.17, down from CNY 3,507,344.29, reflecting a decrease of approximately 35.8%[37]