惠城环保(300779) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥74,744,470.89, a decrease of 18.13% compared to ¥91,301,598.63 in the same period last year[8]. - Net profit attributable to shareholders was ¥1,512,827.05, down 91.10% from ¥17,002,519.60 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥1,204,002.88, a decline of 92.83% compared to ¥16,795,120.56 in the previous year[8]. - Basic earnings per share decreased by 91.30% to ¥0.02 from ¥0.23 in the same period last year[8]. - Operating profit for the current period is ¥5,403,721.19, down 73.7% from ¥20,487,153.99 in the previous period[72]. - Net profit for the current period is ¥4,313,823.83, a decline of 76.1% compared to ¥17,878,970.47 in the previous period[72]. - Total operating revenue for the first quarter was CNY 74,744,470.89, a decrease from CNY 91,301,598.63 in the previous period[62]. - Total operating revenue for the current period is ¥71,945,527.65, a decrease of 19.8% from ¥89,730,582.97 in the previous period[72]. Assets and Liabilities - Total assets at the end of the reporting period were ¥868,503,098.04, a decrease of 5.77% from ¥921,689,154.22 at the end of the previous year[8]. - Total liabilities decreased by 43.90% to CNY 23 million due to the expiration of notes payable from the previous year and fewer notes issued in Q1[21]. - Total liabilities amounted to CNY 213,295,445.67, down from CNY 263,900,741.95 year-over-year[60]. - Total assets decreased to CNY 877,717,521.76 from CNY 924,008,994.22 compared to the previous year[60]. - The total amount of raised funds during the reporting period is CNY 29,821.23 million, with no changes in usage[33]. - The total cash and cash equivalents decreased by 52,336,243.93 RMB in Q1 2020, compared to a decrease of 1,372,445.50 RMB in the same period last year[82]. Cash Flow - The net cash flow from operating activities was negative at -¥20,264,002.14, a decline of 196.60% compared to ¥20,976,208.48 in the same period last year[8]. - Cash inflow from operating activities is ¥54,874,509.26, down 42.3% from ¥95,069,274.61 in the previous period[76]. - The company reported a cash inflow from financing activities of 1,580,000.00 RMB, compared to 17,990,228.12 RMB in the previous year[82]. - The cash outflow for investing activities was 11,779,757.87 RMB, compared to 10,538,156.38 RMB in Q1 2019[79]. - The net cash flow from investing activities was -11,779,757.87 RMB, a decline from -10,530,359.48 RMB in the same quarter last year[79]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,228[12]. - Net assets attributable to shareholders increased slightly by 0.28% to ¥650,761,421.32 from ¥648,939,964.21 at the end of the previous year[8]. - The company's total equity increased to CNY 664,422,076.09 from CNY 660,108,252.27 year-over-year[60]. - Total equity attributable to shareholders was ¥648,939,964.21, including undistributed profits of ¥128,678,035.85[93]. Government Support and Subsidies - The company received government subsidies amounting to ¥1,179,709.28 during the reporting period[8]. - Other income increased by 131.90% to CNY 1.06 million, due to increased government subsidies and rewards[21]. Research and Development - R&D expenses increased by 64.08% to CNY 5.20 million, driven by increased investment in research and development[21]. - Research and development expenses increased to ¥4,497,606.73, up 53.3% from ¥2,940,142.54 in the previous period[72]. Operational Challenges - The company anticipates a significant impact on financial status and operating results due to uncertainties from the COVID-19 pandemic[38]. - The company reported a loss of CNY 250.9 million in the industrial solid waste project due to low operational rates caused by the pandemic[33]. Compliance and Reporting - The company has not reported any violations regarding external guarantees during the reporting period[39]. - The first quarter report for 2020 was not audited[98]. - The company has implemented the revised Accounting Standards for Revenue since January 1, 2020, affecting financial reporting[95].