万马科技(300698) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥44,636,782.79, a decrease of 59.00% compared to ¥108,877,730.91 in the same period last year[8] - Net profit attributable to shareholders was -¥10,561,620.40, representing a decline of 783.75% from -¥1,195,094.75 year-on-year[8] - Basic and diluted earnings per share were both -¥0.08, a decrease of 700.00% from -¥0.01 in the same period last year[8] - The company reported a revenue of 44.64 million, a decrease of 59.00% compared to the same period last year, primarily due to the impact of the pandemic on sales[17] - The net profit attributable to shareholders was -10.56 million, representing a decline of 783.75% year-on-year[17] - The company expects a significant decline in cumulative net profit compared to the same period last year due to the impact of COVID-19 and industry cycle factors[27] - The total comprehensive loss for Q1 2020 was CNY 11,223,717.88, compared to a loss of CNY 1,195,094.75 in the same period last year[44] Cash Flow and Liquidity - Net cash flow from operating activities was -¥48,179,717.37, a decrease of 453.19% compared to -¥8,709,473.68 in the previous year[8] - Cash and cash equivalents decreased by 40.91% to 45.76 million, mainly due to year-end loan disbursements and the maturity of financial products[15] - Cash and cash equivalents dropped significantly to ¥27,092,881.93 in Q1 2020 from ¥58,158,621.65 at the end of 2019, a decrease of approximately 53%[36] - The ending balance of cash and cash equivalents was 21,903,053.53 yuan, down from 27,602,987.35 yuan in the previous period, indicating a decrease in liquidity[55] - The net cash flow from operating activities was -45,866,452.77 yuan, compared to -8,709,473.68 yuan in the previous period, indicating a significant decline in operational performance[54] - The company experienced a net decrease in cash and cash equivalents of -29,025,239.20 yuan during the period[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥739,174,136.46, down 5.84% from ¥785,012,841.47 at the end of the previous year[8] - The company's total liabilities decreased to ¥304,963,185.63 as of March 31, 2020, down from ¥340,200,829.86 at the end of 2019, a reduction of about 10%[36] - Total assets as of March 31, 2020, were ¥566,930,228.46, down from ¥618,618,222.07 at the end of 2019, indicating a decrease of approximately 8.3%[38] - The company's equity attributable to shareholders decreased to ¥376,023,708.13 from ¥385,962,671.43, a decline of about 2.5%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,418[11] - The largest shareholder, Zhang Desheng, holds 30.75% of the shares, totaling 41,205,000 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Operational Challenges - The company faced risks from the ongoing pandemic, which delayed operations and reduced order volumes, prompting proactive communication with stakeholders[20] - The company plans to accelerate resumption of work and business expansion to mitigate the impact of the first quarter's performance on subsequent reporting periods[27] Research and Development - Research and development expenses increased by 80.55% to 4.72 million, primarily due to the consolidation of the subsidiary Anhua[15] - The company's research and development expenses for Q1 2020 were CNY 3,022,238.66, an increase from CNY 2,611,804.10 in the previous period[46] Investment and Financing Activities - The company is closely monitoring the use of raised funds for projects related to communication equipment and R&D, ensuring compliance and maximizing efficiency[20] - Total amount of raised funds in the current quarter is 16,848.36 million, with a cumulative investment of 10,433.52 million[24] - The cumulative change in the use of raised funds is 8,087.25 million, representing 48.00% of the total[24] - The company received CNY 189,683.07 in tax refunds during Q1 2020, compared to CNY 140,094.22 in the previous year[51] - The company received 19,500,000.00 yuan in borrowings, an increase from 9,500,000.00 yuan in the previous period, reflecting improved financing activities[55] Cost Management - Total operating costs for Q1 2020 were ¥54,945,315.96, down from ¥111,401,524.66 in the same period last year, reflecting a reduction of about 51%[42] - The company paid 59,653,167.05 yuan for goods and services, a decrease from 71,436,526.08 yuan in the previous period, suggesting cost management efforts[54]