宏达电子(300726) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥144,665,905.22, a decrease of 22.46% compared to ¥186,581,165.84 in the same period last year[9]. - Net profit attributable to shareholders was ¥41,206,824.82, down 25.26% from ¥55,135,199.26 year-on-year[9]. - Basic earnings per share decreased to ¥0.1030, down 25.25% from ¥0.1378 in the same period last year[9]. - The company's operating revenue for Q1 2020 was ¥144,665,900, a decrease of 22.46% compared to the same period last year[26]. - The net profit attributable to the parent company for Q1 2020 was ¥41,206,800, down 25.26% year-on-year[26]. - Net profit for Q1 2020 was CNY 38,635,515.43, a decline of 32.4% from CNY 57,114,207.64 in Q1 2019[71]. - Total comprehensive income for Q1 2020 was CNY 38,635,515.43, compared to CNY 57,114,207.64 in Q1 2019[74]. - Net profit for the current period is 44,815,631.08, a decrease of 26.1% compared to 60,611,134.78 from the previous period[81]. - Total comprehensive income for the current period is 44,815,631.08, down from 60,611,134.78, reflecting a similar decline of 26.1%[81]. Cash Flow - Net cash flow from operating activities was -¥17,524,302.35, representing a decline of 180.06% compared to -¥6,257,385.32 in the previous year[9]. - Cash inflow from operating activities is 136,510,267.90, compared to 150,622,953.53 in the previous period, indicating a decrease of 9.4%[82]. - Cash outflow from operating activities totals 154,034,570.25, slightly down from 156,880,338.85, resulting in a net cash flow from operating activities of -17,524,302.35[85]. - Cash flow from investing activities shows a net outflow of -69,608,408.58, worsening from -17,519,308.34 in the previous period[85]. - The company received cash from sales of goods and services amounting to 134,302,064.20, a slight increase from 133,885,086.18 in the previous period[82]. - The company paid 51,728,785.55 for purchases of goods and services, down from 56,466,344.28, reflecting a decrease of 8.5%[85]. - The net cash inflow from investment activities was $65,513,572.61, an increase of 17.3% compared to $55,933,505.07 in the previous period[92]. - The net cash outflow from investment activities was $100,911,059.72, significantly higher than $55,058,790.41 in the previous period, resulting in a net cash flow from investment activities of -$35,397,487.11[92]. - The net cash flow from financing activities was -$12,024,821.78, an improvement from -$28,787,368.87 in the previous period[92]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,987,319,388.11, an increase of 0.68% from ¥1,973,939,287.78 at the end of the previous year[9]. - Total current assets amounted to ¥1,661,470,216.10, a decrease of 1.3% from ¥1,680,924,826.08 on December 31, 2019[49]. - Total non-current assets increased to ¥325,849,172.01, up from ¥293,014,461.70, reflecting a growth of 11.2%[52]. - Total liabilities decreased to ¥155,613,354.06 from ¥176,951,218.46, a decline of 12.1%[55]. - The total equity attributable to shareholders increased to ¥1,795,886,672.26 from ¥1,755,520,045.07, reflecting a growth of 2.3%[58]. - The company's total liabilities amounted to CNY 156,234,677.02, slightly down from CNY 157,119,523.28 at the end of the previous period[65]. - The total equity of the company increased to CNY 1,816,980,004.64 from CNY 1,772,164,373.56 in the previous period[65]. Investments and Projects - The company signed an investment agreement with the Xiangxiang Municipal Government to build an electronic component production base, aiming to enhance market competitiveness for civilian products[29]. - The total amount of raised funds was ¥40,466.87 million, with ¥37,246.63 million already invested, achieving 92.5% of the planned investment[32]. - The high-energy tantalum hybrid capacitor production line expansion project has achieved 81.45% of its planned investment[32]. - The new low ESR organic polymer capacitor production line project has reached 98.89% of its planned investment[32]. - The company approved the adjustment of the use of part of the raised funds and the change of implementation subjects and locations for the "High Energy Tantalum Hybrid Capacitor Production Line Expansion Project" and "New Low ESR Organic Polymer Capacitor Production Line Construction Project" at the board meeting on July 3, 2018[36]. - The company’s total investment in the military-civilian electronic innovation industrial base project was approximately 3 billion yuan, with a completion rate of 99.92% as of the reporting date[38]. Operational Changes and Expectations - The company expects a gradual recovery in overall customer demand as production resumes across the country[26]. - The company anticipates that the pandemic will not impact its annual performance due to increased procurement by downstream customers[26]. - The company has actively recruited external technology and business talents to enhance its FAE technical service team for targeted sales[31]. - The company reported no significant changes in its core technology team or key personnel during the reporting period[28]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[70]. Compliance and Governance - The company reported that there were no violations regarding external guarantees during the reporting period[44]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[45]. - The company’s independent directors provided independent opinions on the adjustments and uses of raised funds, ensuring compliance and transparency[42]. - The company’s financial disclosures regarding the use of raised funds were timely, truthful, accurate, and complete during the reporting period[42]. Miscellaneous - The company received government subsidies amounting to ¥102,504.18 during the reporting period[9]. - The company reported a non-operating income of ¥930,400.84, with a net impact after tax of ¥719,326.85[9]. - The total number of ordinary shareholders at the end of the reporting period was 23,200[13]. - Major shareholder 曾琛 holds 35.19% of the shares, while 钟若农 holds 30.59%[13]. - The company executed the new revenue and leasing standards starting January 1, 2020, impacting the classification of contract liabilities[93]. - The first quarter report for 2020 was not audited[104].