鹏鹞环保(300664) - 2020 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2020 was CNY 330,115,889.27, an increase of 6.83% compared to CNY 309,010,254.20 in the same period last year[8]. - Net profit attributable to shareholders was CNY 63,142,397.97, representing a growth of 25.19% from CNY 50,437,470.11 year-on-year[8]. - Net profit excluding non-recurring gains and losses reached CNY 62,642,186.46, up 34.79% from CNY 46,473,735.37 in the previous year[8]. - Basic earnings per share increased to CNY 0.1324, a rise of 25.98% compared to CNY 0.1051 in the same quarter last year[8]. - The net cash flow from operating activities improved to -CNY 65,939,695.28, a 37.33% reduction in losses from -CNY 89,805,201.65 in the previous year[8]. - The total comprehensive income attributable to the parent company was CNY 63,142,397.97, up from CNY 50,437,470.11 in the previous period[40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,101,203,484.96, down 2.28% from CNY 6,243,501,463.15 at the end of the previous year[8]. - Current assets totaled CNY 2.26 billion, down from CNY 2.48 billion at the end of 2019[26]. - The company's total liabilities were CNY 2.66 billion, slightly down from CNY 2.67 billion at the end of 2019[28]. - Total liabilities increased to CNY 1,777,705,500.90 from CNY 1,532,768,315.13 year-over-year[32]. - The total liabilities amounted to 2,669,323,745.54 yuan, with current liabilities at 1,714,185,350.59 yuan[51]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,570[12]. - The company completed a share repurchase plan, acquiring 14,331,800 shares, representing 2.99% of the total share capital before the repurchase, at a total cost of approximately CNY 199.99 million[20]. - The highest transaction price during the share repurchase was CNY 15 per share, while the lowest was CNY 13.14 per share[20]. Cash Flow - Cash inflow from operating activities totaled CNY 379,513,764.51, compared to CNY 323,051,885.39 in the previous period[42]. - Cash flow from operating activities showed a net outflow of CNY -65,939,695.28, an improvement from CNY -89,805,201.65 in the previous period[44]. - The ending cash and cash equivalents balance was CNY 480,375,238.38, down from CNY 581,918,672.18 at the end of the previous period[45]. - The net cash flow from investment activities was -22,092,798.58 yuan, compared to -25,358,306.62 yuan in the previous period[48]. Operational Highlights - The increase in net profit was primarily driven by the operation of sewage treatment projects, an increase in sludge disposal volume, and the recovery of some accounts receivable[18]. - Research and development expenses for the quarter were CNY 4,279,404.33, compared to CNY 3,019,823.89 in the previous year, reflecting a focus on innovation[35]. - The company reported a decrease in inventory levels to CNY 51,598,396.65 from CNY 102,044,494.02, suggesting improved inventory management[31]. Accounting Changes - The company implemented new revenue and leasing standards starting from 2020, affecting the presentation of contract liabilities[52]. - The company has implemented new revenue recognition standards, reclassifying contract liabilities from "pre-receivable accounts" to "contract liabilities"[55]. - The first quarter report was not audited, indicating that the figures may be subject to adjustments[56].