科创新源(300731) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥59,932,490.70, a decrease of 27.57% compared to ¥82,741,702.23 in the same period last year[7] - Net profit attributable to shareholders was ¥8,839,123.90, down 29.48% from ¥12,533,938.35 year-on-year[7] - Basic earnings per share decreased by 50.00% to ¥0.07 from ¥0.14 in the previous year[7] - The net cash flow from operating activities was ¥3,483,843.65, a decline of 9.92% compared to ¥3,867,571.73 in the same period last year[7] - The company's total revenue for Q1 2020 was CNY 59.93 million, a decrease of 27.57% compared to the same period last year[18] - Net profit attributable to shareholders for Q1 2020 was CNY 8.84 million, down 29.48% year-on-year[18] - The company's operating income for Q1 2020 was CNY 47,501,256.92, a decrease from CNY 64,661,827.55 in the previous period[57] - The net profit for Q1 2020 was CNY 8,605,992.80, down from CNY 9,263,489.43 year-over-year, representing a decline of approximately 7.1%[54] - The total comprehensive income for Q1 2020 was CNY 8,364,377.44, compared to CNY 9,263,489.43 in the previous year, reflecting a decline of about 9.7%[55] Assets and Liabilities - Total assets at the end of the reporting period increased by 4.78% to ¥740,742,906.63 from ¥706,929,367.07 at the end of the previous year[7] - The company's total assets as of March 31, 2020, reached approximately ¥740.74 million, compared to ¥706.93 million at the end of 2019, indicating an increase of about 4.8%[45] - Total liabilities increased to CNY 170,558,752.37 from CNY 147,623,527.11 year-over-year[47] - The company's equity attributable to shareholders reached CNY 563,356,370.09, up from CNY 552,200,610.24[47] Cash Flow - The net cash flow from investment activities was CNY 4.39 million, a significant improvement of 159.05% compared to the previous year[17] - The cash flow from operating activities was CNY 70,633,415.21, slightly down from CNY 73,554,022.12 in the previous period[61] - The total cash inflow from investment activities was ¥88,690,156.72, down from ¥101,533,030.88 in the previous year, resulting in a net cash flow from investment activities of ¥4,387,883.43, compared to a negative cash flow of ¥7,430,958.63 in Q1 2019[62] - The cash inflow from financing activities totaled ¥44,358,273.67, a decrease from ¥51,792,645.66 in the same period last year, leading to a net cash flow from financing activities of ¥19,027,921.68, down from ¥42,483,870.90[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,514[11] - The largest shareholder, Shenzhen Kexin Huake Technology Co., Ltd., held 20.18% of the shares, amounting to 25,200,000 shares[11] Research and Development - Research and development expenses increased by 41.39% to CNY 4.31 million, reflecting the company's focus on 5G technology[18] - Research and development expenses increased to CNY 3,085,212.09 in Q1 2020, compared to CNY 2,192,292.96 in the previous year, marking a rise of about 40.8%[57] Business Strategy and Market Conditions - The company faced significant pressure on overseas business profitability due to the global COVID-19 pandemic and economic downturn, prompting adjustments in market structure[21] - The company reported a risk of revenue fluctuation due to changes in global mobile communication policies affecting its main customers, the communication equipment integrators[22] - The company executed its annual business plan effectively during the reporting period, with no changes to the annual operating plan[21] Investments and Acquisitions - The company plans to acquire 51% of Shenzhen Xinwen Communication Technology Co., Ltd. to enhance its 5G product development capabilities[19] - The company is in the process of acquiring Shenzhen Dongchuang Precision Technology Co., Ltd., with ongoing disclosures regarding the progress of this major asset restructuring[30] - The company has terminated the acquisition of a 60% stake in Zhenjiang Huahao Communication Equipment Co., Ltd. due to a lack of agreement on specific cooperation matters[29] Tax and Expenses - The company incurred a tax expense of CNY 1,475,684.60 in Q1 2020, down from CNY 3,282,104.82 in the previous year, indicating a reduction of about 55.1%[54] - The company reported a significant reduction in tax payments, with cash paid for taxes amounting to ¥3,244,994.72, down from ¥8,400,872.50 in the previous year, representing a decrease of 61.3%[62] Future Outlook - In the first half of 2020, the company expects a net profit attributable to shareholders to change by 10% to 30% compared to the same period last year, with a projected increase of 40% to 60% in the second quarter[37]