*ST左江(300799) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥4,175,129.89, a decrease of 78.58% compared to ¥19,491,528.07 in the same period last year[7] - Net profit attributable to shareholders was ¥4,732,693.85, an increase of 6,909.08% from ¥67,522.35 year-on-year[7] - Basic earnings per share rose to ¥0.0696, reflecting a significant increase of 5,253.85% compared to ¥0.0013 in the previous year[7] - Operating revenue for Q1 2020 was 4,175,129.89, a decrease of 78.58% compared to 19,491,528.07 in Q1 2019, primarily due to the impact of the pandemic and delayed resumption of upstream supply chains[16] - Operating costs decreased by 65.02% to 2,217,772.10 in Q1 2020 from 6,340,140.18 in Q1 2019, following the decline in revenue[16] - The company reported a significant increase in other income, primarily from government subsidies received during the period[18] - The company anticipates a potential loss in net profit for the first half of the year due to the impact of the COVID-19 pandemic, with expected revenue decline compared to the same period last year[30] - Total operating revenue for Q1 2020 was CNY 4,175,129.89, a decrease from CNY 19,491,528.07 in the same period last year, representing a decline of approximately 78.6%[39] - Net profit for Q1 2020 was CNY 4,732,693.85, a significant increase compared to CNY 67,522.35 in Q1 2019, marking a growth of approximately 6,996.5%[41] Cash Flow and Liquidity - The net cash flow from operating activities was -¥18,381,496.70, an improvement of 37.39% from -¥29,357,630.11 in the same period last year[7] - Cash received from sales of goods and services rose by 118.13% to 23,574,751.32 in Q1 2020 from 10,807,856.50 in Q1 2019, indicating improved cash collection[17] - Cash and cash equivalents decreased from 122,564,353.82 yuan as of December 31, 2019, to 101,761,508.60 yuan as of March 31, 2020[36] - The cash inflow from operating activities for Q1 2020 was CNY 39,169,142.79, a significant increase from CNY 11,217,547.20 in the same period last year, representing a growth of approximately 249%[44] - The cash outflow from operating activities totaled CNY 57,550,639.49, compared to CNY 40,575,177.31 in Q1 2019, indicating an increase of about 42%[44] - The total cash and cash equivalents decreased by CNY 20,802,845.22 during the quarter, compared to a decrease of CNY 34,707,578.09 in the same period last year[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥698,065,438.20, a decrease of 3.89% from ¥726,325,192.19 at the end of the previous year[7] - The net assets attributable to shareholders increased by 0.76% to ¥628,260,240.20 from ¥623,527,546.35 at the end of the previous year[7] - Total liabilities for Q1 2020 were CNY 69,805,198.00, a decrease from CNY 102,797,645.84 in the previous year, representing a decline of about 32.1%[38] - The company's equity attributable to shareholders was CNY 628,260,240.20, slightly up from CNY 623,527,546.35 in the previous year, indicating a growth of approximately 0.4%[39] Inventory and Receivables - Other receivables increased by 516.67% to ¥163,108.04 due to the payment of employees' public rental housing rent[15] - Inventory rose by 39.74% to ¥46,501,356.90, primarily due to an increase in raw material stock at the end of the period[15] - Accounts receivable decreased from 296,384,298.51 yuan to 278,111,547.48 yuan during the same period[36] Risk Management and Strategic Focus - The company maintained a stable business operation despite the pandemic, focusing on risk management and strategic partnerships to ensure business continuity[19] - The company faces risks related to high customer concentration, which could impact revenue if major clients reduce their orders[21] - The company is actively investing in R&D to enhance product quality and customer satisfaction, aiming to mitigate risks associated with product quality and market demand[24] - The ongoing COVID-19 pandemic continues to pose challenges to production and operations, although the situation is improving domestically[24] Fundraising and Investments - The company reported a total fundraising amount of 31,915.27 million yuan, with 4,105.13 million yuan invested in the current quarter[28] - Cumulative investment from fundraising reached 8,362.21 million yuan, representing 83.62% of the planned investment[28] - Research and development expenses for Q1 2020 amounted to CNY 7,490,682.63, compared to CNY 6,981,824.67 in the previous year, reflecting an increase of about 7.3%[39] Compliance and Governance - No overdue commitments were reported by the actual controller, shareholders, or related parties during the reporting period[26] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[32] - There were no significant changes in the feasibility of investment projects or major changes in the use of raised funds[29] - The company has adopted new revenue and leasing standards starting January 1, 2020, which are not expected to have a significant impact on its financial position or cash flows[51]