森特股份(603098) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders of the listed company was CNY 42,665,839.45, reflecting a growth of 5.95% year-on-year[12]. - Operating revenue for the period was CNY 599,481,186.27, representing a 3.63% increase compared to the same period last year[12]. - Basic earnings per share increased to CNY 0.09, up 12.50% from CNY 0.08 in the same period last year[12]. - The net profit after deducting non-recurring gains and losses was CNY 44,341,982.55, an increase of 9.07% year-on-year[12]. - Total operating revenue for Q1 2020 was RMB 599,481,186.27, an increase of 3.5% compared to RMB 578,462,186.15 in Q1 2019[46]. - Net profit for Q1 2020 reached RMB 42,665,839.45, compared to RMB 40,007,342.80 in Q1 2019, representing a growth of 6.6%[46]. - Earnings per share for Q1 2020 were RMB 0.09, an increase from RMB 0.08 in Q1 2019[48]. Cash Flow - The net cash flow from operating activities was CNY -119,735,504.87, a decline of 45.54% compared to the previous year[12]. - Cash flow from operating activities showed a net outflow of CNY 119,735,504.87, a 45.54% increase in losses compared to the previous year[23]. - Cash flow from investing activities resulted in a net outflow of CNY 36,787,411.86, an 81.15% increase in losses compared to the previous year[23]. - Cash inflows from operating activities totaled CNY 579,649,079.91, down from CNY 636,075,442.17 in Q1 2019, indicating a decline of about 8.8%[59]. - The total cash inflow from operating activities was CNY 743,309,612.22, while cash outflows were CNY 861,276,411.70, resulting in a net cash flow from operating activities of -CNY 117,966,799.48[65]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,784,406,023.7, an increase of 1.61% compared to the end of the previous year[12]. - Total liabilities increased to ¥2,682,554,308.73 from ¥2,640,397,754.55, reflecting a growth of approximately 1.6%[34]. - Current liabilities decreased from CNY 523,719,729.60 to CNY 480,341,913.98, indicating improved liquidity[31]. - Total current assets amounted to ¥4,065,360,450.22, remaining unchanged from the previous period[69]. - Total non-current assets reached ¥643,445,390.77, consistent with the previous reporting period[69]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,402[16]. - The largest shareholder, Liu Aisen, held 35.42% of the shares, with 30,720,000 shares pledged[16]. - Total equity attributable to shareholders rose to ¥2,101,851,715.01 from ¥2,068,408,086.44, marking an increase of about 1.6%[36]. Inventory and Receivables - Inventory decreased by 81.79% to CNY 178,116,290.21 from CNY 978,107,073.07 due to the adoption of new revenue recognition standards[23]. - Accounts receivable financing increased by 41.79% to CNY 136,037,406.05 from CNY 95,945,802.77[23]. - Other receivables increased by 56.55% to CNY 33,461,126.92 from CNY 21,373,510.09[23]. - Accounts receivable decreased to ¥1,624,506,542.17 from ¥1,690,081,498.15, reflecting a decrease of about 3.9%[36]. - Inventory significantly decreased to ¥140,568,532.22 from ¥910,111,297.27, a reduction of approximately 84.6%[36]. Tax and Expenses - The company reported a significant increase in tax payable, rising by 349.82% to CNY 11,618,434.71 from CNY 2,582,922.61[23]. - Research and development expenses for Q1 2020 totaled RMB 22,222,151.98, compared to RMB 20,817,019.95 in Q1 2019, indicating a rise of 6.8%[46]. - The company reported a decrease in sales expenses to RMB 12,973,835.65 in Q1 2020 from RMB 15,284,961.36 in Q1 2019, a reduction of 15.1%[46]. Changes in Accounting Standards - The company has implemented new revenue and leasing standards starting from 2020, affecting the financial statements[67]. - The company is implementing new revenue and leasing standards starting January 1, 2020, which may impact financial reporting[81].