熙菱信息(300588) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥11,702,332.95, a decrease of 34.79% compared to ¥17,945,175.84 in the same period last year[7] - Net profit attributable to shareholders was -¥24,369,958.37, compared to -¥18,159,405.34 in the previous year[7] - Basic and diluted earnings per share were both -¥0.1493, compared to -¥0.1112 in the previous year[7] - The company's operating revenue for Q1 2020 was 11.70 million yuan, a decrease of 6.24 million yuan or 34.79% year-on-year, primarily due to reduced project acceptance and delivery caused by the COVID-19 pandemic[16] - Net loss for Q1 2020 was CNY 24,369,958.37, compared to a net loss of CNY 19,485,816.41 in the same period last year[41] - The total comprehensive income attributable to the parent company is a loss of CNY 24,369,958.37, compared to a loss of CNY 18,159,405.34 in the previous period[45] Cash Flow - Net cash flow from operating activities was -¥54,114,117.12, a decline of 539.04% from ¥12,325,555.96 in the same period last year[7] - The net cash flow from operating activities was -45,387,703.89, a significant decrease compared to 23,236,208.20 in the previous period[52] - Cash inflow from operating activities totaled 17,070,046.90, down from 60,962,755.90 in the prior period[52] - Cash outflow from operating activities increased to 62,457,750.79 from 37,726,547.70 in the previous period[52] - The net cash flow from investing activities was 133,563.10, recovering from a negative cash flow of -1,802,908.08 in the prior period[53] - Cash inflow from investing activities amounted to 83,643,008.67, while cash outflow was 83,509,445.57[53] - Cash inflow from financing activities was 45,000,000.00, an increase from 20,000,000.00 in the previous period[53] - The net cash flow from financing activities was 24,123,935.68, compared to a negative cash flow of -7,990,470.42 in the prior period[53] - The ending balance of cash and cash equivalents was 31,641,234.17, down from 115,855,911.44 in the previous period[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥936,252,114.54, an increase of 0.11% from ¥935,239,401.11 at the end of the previous year[7] - Total liabilities increased to CNY 542,303,748.05 from CNY 517,293,246.60, reflecting an increase of approximately 4.8%[33] - The company's total equity attributable to shareholders decreased to CNY 283,550,391.18 from CNY 292,519,349.87[37] - Current assets totaled CNY 474,617,465.08, a slight decrease from CNY 475,649,027.03[36] - Accounts receivable stood at CNY 450,050,784.98, down from CNY 461,676,995.78, indicating a decrease of about 2.5%[31] - The company's cash and cash equivalents decreased to CNY 80,244,878.60 from CNY 86,209,815.06, representing a decline of approximately 7.3%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,622[10] - The largest shareholder, He Kaiwen, holds 33.00% of the shares, totaling 53,880,000 shares[10] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[11] Operational Insights - Accounts receivable increased by 6.29 million yuan to 6.30 million yuan, with a year-on-year increase of 903.65%, mainly due to the growth in customer notes received during the reporting period[15] - Short-term borrowings at the end of the reporting period amounted to 113 million yuan, an increase of 43 million yuan or 61.43% compared to the beginning of the period, primarily to supplement working capital[15] - The company reported a credit impairment loss of 6.30 million yuan, an increase of 7.22 million yuan year-on-year, due to decreased collection of accounts receivable amid the pandemic[16] - The tax and additional charges amounted to 832,300 yuan, an increase of 495,000 yuan or 146.75% year-on-year, mainly due to increased VAT payments[16] - The top five suppliers' procurement total increased by 59.38% year-on-year, reflecting changes in business demand without significant impact on future operations[18] - The revenue share of the top five customers rose to 82.35%, up from 32.05% year-on-year, due to a decrease in large completed projects during the pandemic[19] Future Outlook - The company anticipates potential cumulative net losses until the next reporting period due to seasonal revenue fluctuations, with significant income concentrated in the second half of the year[23] - The company plans to issue up to 48.58 million shares through a non-public offering, pending approval from the 2019 annual general meeting[21] Miscellaneous - The company reported non-recurring gains and losses totaling ¥363,416.20 for the period[8] - Other income for the reporting period was 464,300 yuan, compared to zero in the previous period, primarily from software product subsidies[16] - The company did not undergo an audit for the first quarter report[55] - The company did not apply new revenue and lease standards for the current reporting period[54]