创源股份(300703) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for the first quarter was ¥126,108,081.96, a decrease of 25.83% compared to ¥170,030,587.16 in the same period last year[7] - Net profit attributable to shareholders was -¥9,849,397.19, representing a decline of 210.33% from ¥8,927,070.16 year-on-year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was -¥15,033,044.03, a decrease of 404.71% compared to ¥4,933,527.14 in the previous year[7] - Basic and diluted earnings per share were both -¥0.05, a decrease of 171.43% from ¥0.07 in the previous year[7] - The company's net profit increased, leading to a 32.15% rise in undistributed profits to ¥218,467,278.00 from ¥165,317,985.68[19] - The net profit for the first quarter of 2020 was -1,222,779.96 CNY, compared to a net profit of 6,391,034.78 CNY in the same period last year, indicating a significant decline[50] - The company reported a comprehensive income total of CNY -8,775,677.49 for Q1 2020, down from CNY 8,759,978.18 in the previous year[47] Cash Flow and Liquidity - Operating cash flow for the period was ¥1,074,524.63, down 52.74% from ¥2,273,521.81 in the same quarter last year[7] - Cash received from other operating activities decreased by 35.01% to 58.21 million yuan, mainly due to a reduction in receivables[20] - Cash flow from the disposal of fixed assets increased significantly by 1415.15% to 50 million yuan, attributed to real estate disposals[20] - The company raised 101,966,000.00 CNY through borrowings, compared to 65,850,500.00 CNY in the same period last year[55] - The net cash flow from investment activities was -37,845,990.95 CNY, compared to -55,291,831.38 CNY in the previous year, indicating an improvement of approximately 31%[58] - The net cash flow from financing activities increased significantly to 68,409,396.32 CNY, up from 3,925,524.59 CNY, representing a growth of over 1,600%[58] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,144,908,756.61, an increase of 1.40% from ¥1,129,107,737.92 at the end of the previous year[7] - Net assets attributable to shareholders decreased by 1.24% to ¥707,760,728.76 from ¥716,667,355.43 at the end of the previous year[7] - Total liabilities reached CNY 433,548,332.16, compared to CNY 408,971,635.97, showing an increase of approximately 6%[38] - The company's equity attributable to shareholders decreased to CNY 707,760,728.76 from CNY 716,667,355.43, a decline of about 1.3%[39] - Current assets totaled CNY 795,260,571.35, up from CNY 777,483,679.75, indicating an increase of about 2.5%[36] Operational Expenses - Total operating costs decreased to CNY 141,125,017.66 from CNY 163,875,176.18, with operating costs specifically down to CNY 91,002,338.32 from CNY 108,194,782.21[45] - Management expenses increased by 35.94% to ¥27,666,708.77 from ¥20,352,576.76, primarily due to rising personnel costs[19] - Financial expenses decreased significantly by 89.36% to ¥893,978.40 from ¥8,404,466.49, mainly due to reduced foreign exchange losses[19] Investments and Future Plans - The company plans to invest approximately 500 million yuan in a new industrial park in Anhui, with an initial investment of 180 million yuan[26] - The investment in the subsidiary in Singapore will increase by 8 million USD, aimed at supporting its operations in Vietnam[27] - The company aims to expand its market presence by shifting focus from export to domestic markets and developing cross-border e-commerce[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,241[11] - The total number of restricted shares at the end of the reporting period was 80,245,900, with 2,376,375 shares released during the period[16] Compliance and Standards - The company implemented new revenue and leasing standards starting January 1, 2020, affecting the classification of contract liabilities[59] - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[28] - There are no significant changes in project feasibility reported[31] - The company has no violations regarding external guarantees during the reporting period[32] - The first quarter report for 2020 was not audited[65]