世名科技(300522) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥57,491,523.04, a decrease of 24.38% compared to ¥76,025,827.28 in the same period last year[8] - Net profit attributable to shareholders was ¥10,281,725.28, down 29.41% from ¥14,565,577.13 year-on-year[8] - Basic earnings per share decreased by 27.68% to ¥0.0878 from ¥0.1214 in the previous year[8] - The company achieved operating revenue of 57.49 million yuan in the first quarter, a decrease of 24.38% compared to the same period last year[24] - The net profit attributable to shareholders was 10.28 million yuan, down 29.41% year-on-year[24] - The company reported a total profit for Q1 2020 of CNY 10,686,078.21, a decrease of 31.7% compared to CNY 15,617,628.22 in Q1 2019[55] - The company's operating profit for Q1 2020 was CNY 10,689,254.75, down 31.7% from CNY 15,637,870.89 in Q1 2019[55] Cash Flow - The net cash flow from operating activities improved to -¥5,888,336.02, a 52.09% increase compared to -¥12,289,717.47 in the same period last year[8] - Cash flow from operating activities improved by 52.09%, with a net outflow of 5.89 million yuan compared to 12.29 million yuan in the previous year[22] - The company reported a net cash outflow from operating activities of CNY -5,888,336.02, an improvement from CNY -12,289,717.47 in Q1 2019[61] - The company reported a total cash inflow from operating activities of ¥49,420,064.49, slightly lower than ¥51,105,209.95 in the previous year, a decrease of 3.3%[65] - The net increase in cash and cash equivalents for Q1 2020 was -¥22,643,434.20, contrasting with an increase of ¥21,783,778.42 in Q1 2019[66] Assets and Liabilities - Total assets at the end of the reporting period were ¥713,403,063.00, reflecting a slight increase of 0.53% from ¥709,618,237.74 at the end of the previous year[8] - The company's total liabilities decreased to CNY 184,927,932.71 from CNY 176,948,163.33, indicating a reduction in financial obligations[50] - The equity attributable to shareholders increased to CNY 623,352,312.82 from CNY 619,045,239.94, reflecting a slight growth in shareholder value[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,574[12] - The largest shareholder, Lü Shiming, holds 40.22% of the shares, amounting to 48,653,032 shares[12] Operational Changes - The company is facing significant pressure on profitability due to the global economic downturn caused by the COVID-19 pandemic[27] - The company has implemented measures to mitigate risks from raw material price fluctuations, including differentiated pricing strategies and cost control through improved management[28] - The company is actively seeking new industry expansion opportunities to enhance its risk resilience amid potential market demand changes in downstream industries[30] - The company acknowledges management risks associated with scale expansion and is focused on maintaining operational capabilities as it grows[32] - The company is undergoing strategic adjustments in product structure and market segmentation due to changes in industry market conditions[38] Research and Development - Research and development expenses for Q1 2020 were CNY 5,952,563.01, compared to CNY 5,140,532.97 in Q1 2019, indicating an increase of 16.0%[53] - Research and development expenses increased to CNY 4,625,297.16, up 16.4% from CNY 3,973,340.88 in the same quarter last year[57] Investment and Fundraising - The total amount of funds raised is RMB 28,146.75 million, with RMB 1,097.59 million invested in the current quarter[37] - Cumulative amount of funds raised for changed purposes is RMB 16,730.12 million, accounting for 50.36% of the total raised funds[37] - The original investment project for the 20,000-ton water-based color paste production line has been adjusted from RMB 28,122.85 million to RMB 15,048.95 million[38] - The company plans to use RMB 14,175.25 million of the remaining funds for the new "fiber-plastic new material production project"[38] Supplier and Customer Information - The total procurement amount from the top five suppliers reached ¥21,015,130.04, an increase from ¥19,208,471.38 in the same period last year[25] - The top five suppliers accounted for 39.37% of the total procurement, up from 32.64% in the previous year, primarily due to the commencement of the "Fiber Plastic New Material Production Project" construction[26] - The total sales amount from the top five customers was ¥10,307,179.73, down from ¥18,114,832.21 in the same period last year[26] - The top five customers represented 17.93% of total sales, a decrease from 23.83% in the previous year, indicating normal business fluctuations[26]