久量股份(300808) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥153,525,074.94, a decrease of 19.44% compared to ¥190,581,871.88 in the same period last year[7] - Net profit attributable to shareholders was ¥13,316,178.46, down 2.37% from ¥13,639,363.32 year-on-year[7] - Basic earnings per share decreased by 27.27%, from ¥0.11 to ¥0.08[7] - Operating profit was 15.30 million, down 11.95% year-over-year, while net profit attributable to shareholders was 13.32 million, a decline of 2.37%[17] - The company reported a decrease in short-term borrowings to CNY 156,186,232.46 from CNY 225,549,387.17[44] - The net profit for Q1 2020 was ¥13,316,178.46, slightly down from ¥13,639,363.32, indicating a decrease of about 2% year-over-year[48] - The basic and diluted earnings per share were both ¥0.08, compared to ¥0.11 in the previous year, representing a decline of approximately 27%[49] - The comprehensive income totalled ¥13,313,255.24, down from ¥13,642,613.59, reflecting a decrease of about 2.4% year-over-year[49] Cash Flow - Net cash flow from operating activities was negative at -¥56,726,817.85, a decline of 603.37% compared to ¥11,269,505.58 in the previous year[7] - The company experienced a significant increase in cash outflow from operating activities, reporting -56.73 million compared to 11.27 million in the previous year, due to delayed collections of receivables[16] - The net cash flow from operating activities was -48,530,778.00 RMB, a significant decrease compared to 9,098,387.94 RMB in the previous period[59] - Total cash inflow from operating activities was 119,439,186.24 RMB, down from 191,622,747.57 RMB, indicating a decline of approximately 37.5%[59] - Cash outflow from operating activities totaled 167,969,964.24 RMB, compared to 182,524,359.63 RMB, reflecting a decrease of about 8%[59] - The net cash flow from investing activities was -65,632,973.18 RMB, worsening from -6,453,870.71 RMB in the previous period[60] - The net cash flow from financing activities was -75,171,431.28 RMB, compared to -16,183,144.20 RMB in the previous period, indicating a worsening situation[60] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,362,922,146.71, down 6.69% from ¥1,460,582,541.11 at the end of the previous year[7] - Total liabilities decreased to CNY 289,162,037.03 from CNY 402,392,319.77[44] - Current liabilities totaled CNY 260,578,376.39, a reduction from CNY 373,946,508.94[44] - Non-current liabilities remained relatively stable at CNY 28,583,660.64 compared to CNY 28,445,810.83 in the previous period[44] - Owner's equity increased to CNY 1,080,346,683.77 from CNY 1,067,775,720.80[44] Investments and Projects - The total amount of raised funds reached RMB 39,211.68 million, with RMB 5,253.06 million invested in the current quarter[29] - Cumulative investment from raised funds amounted to RMB 24,306.13 million, with no changes in usage reported[29] - The company has achieved a project investment progress rate of 73.60% for the Zhaoqing Jiuliang LED production base construction project[29] - The Zhaoqing Jiuliang automated warehousing and logistics base construction project has a progress rate of 57.40%[29] - The R&D center construction project in Zhaoqing Jiuliang has a progress rate of 8.84%[29] - As of March 31, 2020, the company has invested a total of RMB 31,606.13 million in raised funds, including RMB 24,306.13 million directly into projects[30] Market and Operational Strategy - The company plans to enhance R&D and technological innovation to improve product performance and reduce production costs in response to market competition risks[20] - The company aims to expand its domestic marketing network and explore emerging markets in Asia-Pacific while accelerating the development and sales of sterilization lamp products[22] - The company is actively monitoring raw material price fluctuations and has established stable supplier relationships to mitigate potential impacts on profitability[23] - The company is taking measures to manage foreign exchange risks, including using hedging financial instruments to lock in profits and minimize losses from currency fluctuations[24] - The ongoing COVID-19 pandemic is expected to have a temporary impact on production and operations, with the extent depending on the progress of pandemic control measures[25]