兴业科技(002674) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥130,497,695.61, representing a decrease of 58.45% compared to ¥314,078,289.35 in the same period last year[7]. - The net profit attributable to shareholders was -¥5,085,678.08, a decline of 123.09% from ¥22,024,256.76 in the previous year[7]. - Basic and diluted earnings per share were both -¥0.0168, down 123.05% from ¥0.0729 in the previous year[7]. - The company reported a net profit of CNY 469.50 million, down from CNY 474.59 million, a decrease of 1.9%[43]. - The company reported a total comprehensive income of CNY -1,669,069.17 for the period[58]. Cash Flow and Operating Activities - The net cash flow from operating activities improved to -¥51,631,192.96, a 57.32% increase compared to -¥120,970,488.75 in the same period last year[7]. - The total cash inflow from operating activities was CNY 288,160,688.70, a decrease of 35.3% compared to CNY 444,715,979.13 in the previous period[58]. - The total cash outflow from operating activities was CNY 339,791,881.66, a decrease of 40% compared to CNY 565,686,467.88 in the previous period[58]. - The cash flow from investing activities resulted in a net outflow of CNY -12,152,063.84, compared to CNY -5,921,956.07 in the previous period[59]. - The cash flow from financing activities showed a net outflow of CNY -101,459,272.54, a significant decrease from CNY 1,677,637.86 in the previous period[59]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,842,133,514.55, a decrease of 4.48% from ¥2,975,434,180.40 at the end of the previous year[7]. - The company's total liabilities decreased to CNY 590.83 million from CNY 669.31 million, a reduction of 11.7%[41]. - The total equity of the company as of Q1 2020 was CNY 2,219,656,481.74, down from CNY 2,276,991,072.99[49]. - The company's equity attributable to shareholders decreased to CNY 2.24 billion from CNY 2.30 billion, a decline of 2.6%[43]. - Cash and cash equivalents decreased to CNY 1.12 billion from CNY 1.29 billion, representing a decline of 13.3%[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,230[11]. - The largest shareholder, Shihezi Wanxing Equity Investment Partnership, held 28.05% of the shares, amounting to 84,744,000 shares[11]. - The company repurchased a total of 6,057,595 shares, accounting for 2.01% of total share capital, with a total payment of ¥55,665,522.08[23]. Research and Development - Research and development expenses decreased by 34.40% to ¥7,457,750.80, impacted by delays due to the pandemic[19]. - Research and development expenses for Q1 2020 were CNY 7,457,750.80, a decrease from CNY 11,367,978.61 year-over-year[49]. Dividend Policy - The company emphasizes a stable and continuous dividend distribution policy, prioritizing cash dividends when conditions allow[27]. - The company plans to implement a differentiated cash dividend policy based on industry characteristics and development stages, with a minimum cash dividend ratio of 80% for mature stages[27]. - The company committed to a cash dividend distribution of no less than 30% of the annual distributable profit, contingent on meeting profit distribution conditions[28]. Compliance and Governance - There were no instances of non-compliance with external guarantees or non-operating fund occupation by controlling shareholders and their affiliates during the reporting period[33][34]. - The company has not engaged in any securities investments, entrusted financial management, or derivative investments during the reporting period[30][31][32]. - The company has committed to not engaging in risk investments during the temporary use of idle raised funds[29]. Future Plans - The company plans to focus on expanding its market presence and investing in new product development in the upcoming quarters[42]. - The company plans to continue its share repurchase program, with a total repurchase amount not less than ¥100 million and not exceeding ¥200 million[21].