*ST越博(300742) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 reached ¥46,476,556.18, a significant increase of 708.01% compared to ¥5,751,995.56 in the same period last year[7] - Net profit attributable to shareholders was ¥5,124,556.78, marking a 131.96% improvement from a loss of ¥16,033,138.54 in the previous year[7] - Basic earnings per share increased to ¥0.07, up 135.00% from a loss of ¥0.20 per share in the same period last year[7] - The company's net loss for Q1 2020 was CNY 24,726,147.35, compared to a loss of CNY 34,639,889.69 in Q1 2019, showing an improvement in financial performance[39] - The total comprehensive income for Q1 2020 was CNY 5,124,556.78, compared to a comprehensive loss of CNY 16,033,138.54 in the previous year[41] - The operating profit for Q1 2020 was CNY 6,214,619.20, compared to an operating loss of CNY 15,653,614.53 in the previous year[40] - The total profit for Q1 2020 was CNY 6,223,610.55, compared to a total loss of CNY 15,555,377.82 in the previous year[40] Cash Flow and Financial Position - The net cash flow from operating activities improved by 42.12%, amounting to -¥106,988,598.84 compared to -¥184,842,270.38 in the previous year[7] - The cash inflow from operating activities was CNY 60,588,141.92, significantly higher than CNY 17,095,066.90 in the previous period[46] - The net cash flow from operating activities was -48,038,116.59 yuan, compared to -149,016,947.28 yuan in the previous period, indicating an improvement[51] - Total cash inflow from financing activities was 328,454,000.00 yuan, significantly higher than 214,053,620.49 yuan in the previous period[49] - The total cash outflow from financing activities was 254,035,253.49 yuan, compared to 57,103,694.51 yuan in the previous period, highlighting increased financial obligations[52] - Cash and cash equivalents decreased to CNY 29,317,468.42 from CNY 55,316,050.99 at the end of 2019, reflecting a decline of approximately 47%[33] - Cash and cash equivalents at the end of the period totaled 23,507,468.42 yuan, down from 184,147,866.81 yuan at the end of the previous period[52] Assets and Liabilities - The company's total assets decreased by 2.30% to ¥1,613,262,502.46 from ¥1,651,172,904.46 at the end of the previous year[7] - The total liabilities decreased to CNY 1,217,672,150.23 from CNY 1,360,707,109.01, a reduction of approximately 10.5%[33] - The company's short-term borrowings increased from 623,359,000.00 CNY at the end of 2019 to 686,643,000.00 CNY by March 31, 2020, representing an increase of about 10.1%[31] - The total equity attributable to shareholders increased to CNY 358,397,951.72 from CNY 290,465,795.45, representing a growth of about 23.4%[33] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,506[10] - The top shareholder, Li Zhanjiang, holds 28.36% of the shares, amounting to 22,260,154 shares, with a portion pledged[10] Government Support and Investments - The company received government subsidies amounting to ¥31,275,724.81 during the reporting period[8] - The company has invested a total of ¥42,113.35 million in fundraising projects, with a cumulative investment of ¥19,750.37 million[22] Strategic Developments - The company adjusted its market and customer strategies, leading to increased sales in the new energy vehicle powertrain systems[14] - The company entered the electronic communications field by establishing Nanjing Yuebo Communication Technology Co., Ltd. and plans to acquire at least 51% of Shenzhen Huazhao Electromechanical Co., Ltd.[16] - The company is in the planning stage of a major asset restructuring, which may significantly impact its operating performance in 2020[18] Procurement and Sales Concentration - The total procurement amount from the top five suppliers in Q1 2020 was ¥36,679,332.87, accounting for 92.43% of the annual procurement total, compared to 40.70% in Q1 2019[17] - The total sales amount from the top five customers in Q1 2020 was ¥39,745,933.17, representing 85.52% of the annual sales total, up from 83.13% in Q1 2019[18] Research and Development - Research and development expenses for Q1 2020 were CNY 7,758,818.52, down from CNY 10,502,916.61 in the previous year, a decrease of approximately 26%[39] - The research and development expenses for Q1 2020 were CNY 675,073.38, a decrease from CNY 7,632,627.06 in the previous year[43] Compliance and Governance - The company has no reported violations regarding external guarantees during the reporting period[25] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[26] - The company has not disclosed any issues regarding the use and disclosure of raised funds[24] - The company plans to continue monitoring its financial position and ensure compliance with regulations regarding raised funds[24] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[54]