信质集团(002664) - 2020 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2020 was ¥492,765,584.31, a decrease of 17.87% compared to ¥599,951,338.09 in the same period last year[9] - Net profit attributable to shareholders was ¥40,830,762.38, down 27.29% from ¥56,155,676.68 year-on-year[9] - Net profit excluding non-recurring gains and losses was ¥37,109,911.40, a decline of 21.10% compared to ¥47,034,082.41 in the previous year[9] - Basic earnings per share were ¥0.1021, down 27.28% from ¥0.1404 in the previous year[9] - Total operating revenue for the first quarter was CNY 492,765,584.31, a decrease of approximately 17.8% compared to CNY 599,951,338.09 in the same period last year[55] - Net profit for the current period is ¥40,344,186.23, down 32.5% from ¥59,820,216.41 in the previous period[61] - Basic earnings per share for the current period is ¥0.1021, compared to ¥0.1404 in the previous period, reflecting a decrease of 27.1%[61] - Total profit for the current period is ¥47,877,487.63, a decrease of 32.5% from ¥70,946,100.19 in the previous period[61] Cash Flow - Operating cash flow for the period was ¥34,662,244.33, representing a decrease of 12.76% from ¥39,730,837.79 in the same quarter last year[9] - Net cash flow from operating activities was ¥34,662,244.33, down 12.9% from ¥39,730,837.79 in the previous period[74] - Investment cash inflow totaled ¥211,246,379.44, compared to ¥220,700.50 in the previous period, indicating a significant decrease[78] - Net cash flow from investment activities was ¥98,445,485.35, a recovery from a negative cash flow of -¥15,600,639.95 in the previous period[78] - Cash flow from financing activities showed a net inflow of ¥246,658.49, down from ¥21,854,792.03 in the previous period[78] - The ending balance of cash and cash equivalents increased to ¥485,516,316.08 from ¥435,106,565.51 in the previous period, reflecting a growth of 11.6%[78] - The net increase in cash and cash equivalents for the current period was ¥132,519,890.98, compared to ¥43,160,863.28 in the previous period, showing a substantial improvement[78] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,383,493,381.26, an increase of 3.17% from ¥4,249,006,674.73 at the end of the previous year[9] - Current assets totaled CNY 2,196,296,830.22, an increase from CNY 2,165,707,364.17 year-over-year[47] - Total liabilities amounted to CNY 1,745,917,119.50, up from CNY 1,651,774,599.20 in the previous year, indicating a growth of about 5.7%[46] - Non-current liabilities increased to CNY 196,822,126.82 from CNY 137,252,827.45, reflecting a rise of approximately 43.5%[46] - Owner's equity totaled CNY 2,637,576,261.76, compared to CNY 2,597,232,075.53, marking an increase of about 1.6%[46] - Total current liabilities included accounts payable of CNY 323,085,918.00[90] Expenses - Total operating costs for the current period amount to ¥451,247,603.20, a decrease of 16.0% from ¥537,142,641.97 in the previous period[66] - Research and development expenses for the current period are ¥21,736,101.00, down 5.8% from ¥23,068,336.93 in the previous period[66] - Financial expenses for the current period are ¥1,398,864.17, significantly reduced from ¥10,821,351.41 in the previous period[66] - The company's income tax expenses decreased by 32.29% from CNY 11.1 million to CNY 7.5 million, corresponding to a reduction in total profit[20] - Tax expenses for the current period are ¥7,533,301.40, down from ¥11,125,883.78 in the previous period[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,617[14] - The largest shareholder, Tibet Beihang Changying Tianqi Information Technology Co., Ltd., held 26.00% of the shares, totaling 104,005,200 shares[14] Non-Recurring Items - The company reported non-recurring gains of ¥3,720,850.98 for the period, including government subsidies of ¥5,073,357.76[9] - Other income for the current period is ¥5,073,357.76, down 42.5% from ¥8,829,182.99 in the previous period[66] Changes in Financial Position - The company's trading financial assets decreased by 48.72% from CNY 431 million to CNY 221 million due to the maturity of financial products during the reporting period[20] - Prepayments increased by 41.00% from CNY 223 million to CNY 315 million, primarily due to advance payments for drone materials[20] - Other current assets surged by 861.21% from CNY 7.6 million to CNY 73.3 million, mainly due to prepaid VAT[20] - The company's short-term loans increased significantly by 483.91% from CNY 33 million to CNY 192 million, attributed to increased bank loans[20] - The company's financial expenses decreased by 87.07% from CNY 10.8 million to CNY 1.4 million, primarily due to reduced exchange losses[20] - The deferred income increased by 150.56% from CNY 46.5 million to CNY 116.4 million, mainly due to government subsidies received for investment cooperation agreements[20] - The deferred income tax liabilities were CNY 10,287,401.91, slightly down from CNY 10,665,077.54, indicating a decrease of about 3.5%[46] Accounting Changes - The implementation of the new revenue recognition standard began on January 1, 2020, affecting the classification of contract liabilities[94] - The company reported a decrease in contract liabilities by CNY 131,407,104.74 due to the new accounting policy[90]