阿石创(300706) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥51,692,226.77, a decrease of 4.28% compared to ¥54,000,841.22 in the same period last year[8]. - Net profit attributable to shareholders was -¥1,484,864.62, representing a decline of 209.64% from ¥1,354,314.75 in the previous year[8]. - Basic and diluted earnings per share were both -¥0.01, down 200.00% from ¥0.01 in the same period last year[8]. - The company reported a revenue of 51.69 million yuan for Q1 2020, a decrease of 4.28% compared to the same period last year[19]. - The net profit for the current period is a loss of ¥1,484,864.62, compared to a profit of ¥1,354,314.75 in the previous period, marking a significant decline[49]. - The operating profit for the current period is a loss of ¥3,435,327.31, compared to a profit of ¥1,426,820.04 in the previous period[49]. - Total comprehensive income for the current period is a loss of ¥1,457,297.84, compared to a profit of ¥1,385,017.63 in the previous period[50]. Cash Flow - Net cash flow from operating activities was -¥14,766,852.83, a significant drop of 2,999.56% compared to -¥476,417.53 in Q1 2019[8]. - The cash flow from operating activities was -14.77 million yuan, a drastic decline of 2999.56% compared to the previous year, primarily due to increased payments for raw materials[18]. - Operating cash inflow totaled CNY 56,180,835.26, an increase from CNY 48,412,237.74 in the previous period, representing a growth of approximately 16.5%[57]. - The net cash flow from operating activities was negative at CNY -14,766,852.83, compared to CNY -476,417.53 in the prior period, indicating a significant decline in cash generation[57]. - Cash outflow from investing activities was CNY 19,680,884.12, up from CNY 18,389,363.51, reflecting increased investment expenditures[57]. - Cash inflow from financing activities was CNY 95,455,281.04, a substantial increase from CNY 47,652,269.78, indicating enhanced borrowing activities[58]. - The net cash flow from financing activities was CNY 12,003,886.94, down from CNY 27,133,716.20, suggesting reduced net financing benefits[58]. Assets and Liabilities - Total assets at the end of the reporting period were ¥720,924,310.82, an increase of 1.39% from ¥711,026,126.10 at the end of the previous year[8]. - Total liabilities reached CNY 280,574,677.82, up from CNY 269,219,195.26, which is an increase of about 4.99%[40]. - The company's cash and cash equivalents decreased to CNY 81,229,916.32 from CNY 103,806,552.03, a decline of about 21.83%[39]. - Current assets totaled CNY 348,151,880.88, slightly up from CNY 347,941,869.42, indicating a marginal increase of 0.06%[39]. - Inventory increased to CNY 122,228,856.13 from CNY 108,966,002.33, representing a growth of about 12.00%[39]. - Short-term borrowings rose to CNY 224,841,147.80 from CNY 207,506,491.09, marking an increase of approximately 8.00%[40]. Shareholder Information - The total number of shareholders at the end of the reporting period was 26,896[12]. - The largest shareholder, Chen Qinzong, holds 37.88% of the shares, amounting to 53,460,000 shares, with 21,920,000 shares pledged[12]. Operational Challenges - The company’s gross profit margin is at risk due to potential fluctuations in raw material prices, prompting measures such as diversifying suppliers and engaging in futures hedging[23]. - The company’s credit impairment losses surged by 302.72% to -1.55 million yuan, attributed to increased bad debt provisions for accounts receivable[19]. - The company reported a significant increase in interest expenses, which rose to ¥2,682,113.69 from ¥1,724,458.53, an increase of approximately 55.6%[48]. Investment and Funding - The total amount of raised funds is CNY 16,420.05 million, with CNY 373.62 million invested in the current quarter[31]. - Cumulative investment of raised funds reached CNY 12,671.45 million, accounting for 77.10% of the total[31]. - The cumulative change in the purpose of raised funds is CNY 14,269.99 million, representing 86.91% of the total[31]. - The company has established a customer credit management mechanism to mitigate the risk of bad debts from accounts receivable[26]. Compliance and Governance - The company has not reported any violations regarding external guarantees during the reporting period[33]. - There are no overdue commitments from major shareholders or related parties during the reporting period[28]. - The company has not indicated any significant changes in expected cumulative net profit compared to the previous year[33]. - The company has not audited the first quarter report, indicating potential risks in financial reporting accuracy[69].