安恒信息(688023) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue increased by 43.70% to CNY 116,556,998.48 year-on-year[11] - Net profit attributable to shareholders was CNY -43,759,431.51, showing a decline from CNY -37,287,559.52 in the same period last year[11] - The company reported a significant reduction in accounts payable by 39.47% to CNY 93,342,199.92, due to payments made on previous year’s payables[25] - The company reported a non-operating income of CNY 2,268,855.11 from non-recurring gains[17] - The company expects to incur losses in the first half of 2020 due to seasonal sales characteristics, with performance concentrated in the second half of the year[29] - Net profit for Q1 2020 was a loss of $44.13 million, compared to a loss of $37.33 million in Q1 2019, reflecting a deterioration in performance[50] - The company reported an operating loss of $52.57 million for Q1 2020, compared to a loss of $42.03 million in Q1 2019[49] Cash Flow - Net cash flow from operating activities was CNY -210,838,661.23, compared to CNY -95,324,554.19 in the previous year[11] - The cash flow from operating activities showed a net outflow of CNY 210,838,661.23, an increase from CNY 95,324,554.19 in the previous year[27] - The net cash outflow from operating activities was ¥210,838,661, compared to a net outflow of ¥95,324,554 in the same period last year, indicating a significant increase in cash burn[60] - The total cash outflow from investing activities was ¥20,437,150, a decrease of 50.7% from ¥41,481,654 in Q1 2019[60] - The net cash flow from financing activities was negative at ¥1,602,384, compared to a positive inflow of ¥19,815,594 in Q1 2019, reflecting a shift in financing strategy[62] - The company reported a net cash flow decrease of ¥232,101,252, compared to a decrease of ¥116,990,115 in Q1 2019, highlighting worsening cash flow conditions[62] Assets and Liabilities - Total assets decreased by 10.55% to CNY 1,943,054,999.83 compared to the end of the previous year[11] - Total current assets decreased to CNY 1,606,477,770.78 from CNY 1,853,268,135.00 at the end of the previous year[33] - Current liabilities decreased significantly to ¥309,318,025.22 from ¥499,038,635.44, a reduction of 38.1%[36] - Total liabilities decreased to ¥436,044,374.60 from ¥621,806,223.22, a decrease of 30%[38] - Owner's equity decreased to ¥1,506,602,280.22 from ¥1,550,366,512.58, a decline of 2.8%[38] - Cash and cash equivalents decreased to ¥1,238,855,833.07 from ¥1,441,815,602.22, a drop of 14.1%[42] Research and Development - R&D investment accounted for 43.17% of operating revenue, a decrease of 4.78 percentage points from the previous year[11] - Research and development expenses rose to $50.31 million, an increase of 29.3% from $38.90 million in Q1 2019[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 3,496[19] - The top shareholder, Fan Yuan, held 10,018,362 shares, representing 13.52% of the total shares[19] Other Financial Metrics - The weighted average return on net assets was -2.86%, improving from -7.48% in the same period last year[11] - Basic and diluted earnings per share were both CNY -0.59, slightly better than CNY -0.67 in the previous year[11] - The company experienced a significant increase in tax expenses, totaling $9.18 million in Q1 2020, compared to $4.66 million in Q1 2019[50] - The total cash outflow for employee compensation was ¥225,306,333, an increase of 50.5% from ¥149,806,857 in Q1 2019, indicating higher personnel costs[60]