恒实科技(300513) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥71,700,903.20, a decrease of 52.94% compared to ¥152,359,892.04 in the same period last year[8] - Net profit attributable to shareholders was ¥3,031,822.55, down 86.92% from ¥23,175,235.57 year-on-year[8] - Basic earnings per share decreased by 92.89% to ¥0.0097 from ¥0.1365 in the same period last year[8] - The company reported a total operating cost of CNY 85,155,783.06 in Q1 2020, compared to CNY 135,174,986.95 in the previous year, reflecting a reduction of approximately 37%[42] - The total profit for Q1 2020 was CNY 5,472,088.80, a decrease from CNY 26,736,240.59 in the previous year, indicating a decline of approximately 80%[43] - The company’s total comprehensive income for Q1 2020 was CNY 4,222,182.34, a significant drop from CNY 23,906,956.29 in Q1 2019, representing a decline of about 82%[43] Cash Flow and Liquidity - Net cash flow from operating activities was -¥174,516,726.71, a decline of 76.81% compared to -¥98,701,586.48 in the previous year[8] - The company experienced a 44.54% decrease in cash and cash equivalents, totaling 173.22 million yuan, mainly due to repayment of interest-bearing liabilities and increased supplier payments[15] - The company’s cash flow from operating activities showed a net outflow of 174.52 million yuan, worsening by 76.81% compared to the previous year, primarily due to increased payments to suppliers[16] - The total cash inflow from operating activities was 238,770,678.00 CNY, slightly lower than 243,627,636.40 CNY in the previous period[50] - The total cash outflow from operating activities was 413,287,404.71 CNY, compared to 342,329,222.88 CNY in the previous period, indicating increased operational expenses[50] - The company reported a net cash decrease of 126,996,629.38 CNY, compared to a decrease of 145,690,465.45 CNY in the previous period, indicating improved cash management[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,650,754,808.93, down 1.87% from ¥3,720,385,520.80 at the end of the previous year[8] - Current liabilities totaled CNY 808,693,173.08, down from CNY 893,736,122.63[35] - Total liabilities decreased to CNY 1,094,725,285.41 from CNY 1,168,578,179.62[35] - Owner's equity increased to CNY 2,556,029,523.52 from CNY 2,551,807,341.18[36] - The company’s current assets as of March 31, 2020, amount to CNY 1,852,549,856.26, a decrease from CNY 1,924,670,363.52 as of December 31, 2019[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,953[11] - The largest shareholder, Qian Sujin, holds 17.20% of the shares, with 53,948,160 shares, of which 40,461,120 are pledged[11] Development and Investment - The company signed new contracts in the telecommunications sector, including projects with Guangxi Unicom and Shanghai Unicom, marking successful market expansion efforts[17] - The R&D project for the intelligent control center has a total investment of CNY 10,197.06 million, with 96.70% of the investment completed by March 31, 2020[24] - The intelligent grid safety production monitoring solution project has achieved 100.00% of its investment target, totaling CNY 6,143.03 million[24] - The marketing and service network construction project has also reached 100.00% of its investment target, amounting to CNY 3,304.98 million[24] Financial Expenses - The company’s financial expenses increased by 226.29% to 5.69 million yuan, largely due to an increase in interest-bearing liabilities compared to the same period last year[15] - The company incurred financial expenses of CNY 5,685,221.17 in Q1 2020, significantly higher than CNY 1,742,366.79 in the same period last year, marking an increase of approximately 226%[42] Non-Recurring Items - The company reported non-recurring gains and losses totaling ¥13,117.24 during the reporting period[9] - The company reported credit impairment losses of CNY 17,473,269.53 in Q1 2020, compared to CNY 9,654,093.29 in Q1 2019, reflecting an increase of about 81%[42] Changes in Standards - The company has implemented new revenue and leasing standards starting from 2020[62]