寒锐钴业(300618) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥511,247,058.43, a decrease of 1.38% compared to ¥518,396,266.33 in the same period last year[9] - Net profit attributable to shareholders was ¥22,753,401.55, a significant increase of 141.13% from a loss of ¥55,320,787.19 in the previous year[9] - Net profit excluding non-recurring gains and losses was ¥22,159,397.98, up 138.90% from a loss of ¥56,967,690.24 year-on-year[9] - Basic earnings per share for Q1 2020 was ¥0.08, compared to a loss of ¥0.21 in the same period last year, reflecting a 138.10% improvement[9] - Operating profit for the current period is ¥28,278,846.79, compared to an operating loss of ¥78,367,381.20 in the previous period[68] - Net profit for the current period is ¥22,697,375.60, a significant recovery from a net loss of ¥55,459,959.79 in the previous period[68] - The total comprehensive income for the current period is ¥49,144,107.72, a significant improvement from a loss of ¥88,456,259.59 in the previous period[71] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,511,116,193.15, a slight increase of 0.26% from ¥3,502,160,943.44 at the end of the previous year[9] - Total liabilities decreased to ¥1,658,939,921.13 from ¥1,725,334,630.72, a reduction of 3.84%[50] - Current liabilities totaled ¥1,125,341,493.96, down from ¥1,167,531,312.44, a decrease of 3.61%[50] - Non-current assets totaled ¥1,675,110,193.33, up from ¥1,488,640,405.44, representing an increase of 12.55%[47] - Long-term receivables increased to ¥66,574,467.72 from ¥65,551,199.24, a growth of 1.55%[47] Cash Flow - Cash flow from operating activities was ¥147,914,447.37, down 50.32% from ¥297,745,561.93 in the same period last year[9] - Cash inflow from sales of goods and services was 569,795,319.77, compared to 655,436,341.21 in the previous period, indicating a decrease of approximately 13.06%[79] - Cash outflow for purchasing goods and services was 379,480,575.01, an increase from 295,847,580.80 in the previous period, representing a rise of about 28.25%[82] - The company reported a cash and cash equivalents balance of 258,478,731.40 at the end of the period, up from 532,947,775.09 in the previous period, indicating a decrease in liquidity[85] - The company incurred a total of 132,000,000.00 in cash outflows for debt repayment, significantly higher than 409,305,401.27 in the previous period, reflecting a reduction in debt servicing[85] Investments and Projects - The company's intangible assets increased by 49.50% from 34.40 million RMB at the beginning of the year to 51.42 million RMB at the end of the period, due to the acquisition of land use rights by a subsidiary[22] - The construction in progress increased by 25.34% to 776.24 million RMB, primarily due to the investment in the "20,000 tons of electrolytic copper and 5,000 tons of electrolytic cobalt project"[22] - The company invested 17.644 million CNY in the cobalt powder production line technical transformation and expansion project, achieving 100% completion[28] - The company plans to expand its production capacity for cobalt hydroxide to better meet market demand[32] - The cumulative investment in projects reached 720.578 million CNY by the end of the reporting period[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,121[13] - Owner's equity increased to ¥1,852,176,272.02 from ¥1,776,826,312.72, reflecting a growth of 4.23%[53] Research and Development - The company’s R&D expenses increased by 67.76% to 12.08 million RMB, reflecting new R&D activities by a subsidiary[22] - Research and development expenses increased to ¥12,080,597.75 from ¥7,201,036.34, marking a rise of approximately 67.5%[65] Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[40] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[40] - The company did not apply the new revenue and lease standards for the first quarter of 2020, indicating no adjustments to prior financial statements[90] - The first quarter report for 2020 was not audited, which may affect the reliability of the financial data presented[92]