ST富润(600070) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 2.96% to CNY 347,941,967.68 for the first nine months[6] - Operating revenue for the first nine months decreased by 3.53% to CNY 2,008,035,189.48 compared to the same period last year[6] - Basic earnings per share decreased by 2.82% to CNY 0.69[6] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 9.61% to CNY 112,111,605.06[6] - The company reported a significant decrease in other income by 65.98% to ¥15,806,666.28, mainly due to reduced government subsidies received[14] - The net profit for Q3 2020 was ¥90,130,831.27, a decrease from ¥95,593,112.28 in Q3 2019, reflecting a decline of approximately 5%[27] - The total revenue for Q3 2020 was approximately ¥90.13 million, a decrease from ¥95.59 million in Q3 2019, representing a decline of about 4.9% year-over-year[29] - The net profit attributable to the parent company for Q3 2020 was ¥230.40 million, compared to ¥41.34 million in Q3 2019, indicating a significant increase of approximately 457.5% year-over-year[32] Assets and Liabilities - Total assets decreased by 10.06% to CNY 4,282,972,312.22 compared to the end of the previous year[6] - The company's cash and cash equivalents decreased by 57.04% to ¥128,486,246.18 due to the exclusion of the dyeing and textile companies from the consolidated financial statements[13] - Current assets totaled RMB 2,837,075,516.01, slightly down from RMB 2,857,632,632.19 in the previous year, indicating a decrease of about 0.7%[20] - Total liabilities decreased to RMB 1,136,269,130.87 from RMB 1,582,196,471.85, a reduction of approximately 28.1%[21] - The company’s total current liabilities were RMB 867,843,666.08, down from RMB 1,196,874,189.47, representing a decrease of about 27.5%[21] - The total assets as of Q3 2020 amounted to ¥3,464,582,790.07, up from ¥3,167,648,296.44 in the previous year, marking an increase of about 9.4%[25] - The total liabilities decreased to ¥576,651,117.19 in Q3 2020 from ¥673,865,069.07 in Q3 2019, a reduction of approximately 14.4%[25] Cash Flow - Net cash flow from operating activities improved significantly, with a net cash outflow of CNY 3,414,824.60 compared to a net outflow of CNY 53,350,049.89 in the previous year[6] - The cash inflow from investment activities totaled CNY 220,481,269.62, down from CNY 237,890,927.74 in the previous year, resulting in a net cash outflow of -CNY 85,390,646.64 compared to a net inflow of CNY 122,606,480.56 in 2019[34] - The cash inflow from financing activities was CNY 586,045,916.67, an increase from CNY 493,565,183.33 in the same period of 2019, with a net cash outflow of -CNY 109,939,561.95[35] - The total cash and cash equivalents at the end of the period were CNY 78,486,246.18, significantly down from CNY 203,908,245.64 at the end of the same period in 2019[35] - The net cash increase for the period was -CNY 198,924,757.66, worsening from -CNY 137,186,273.57 in the same period of 2019[35] Shareholder Information - The company had a total of 26,808 shareholders at the end of the reporting period[11] - The largest shareholder, Furen Holdings Group Co., Ltd., held 19.40% of the shares[11] Investments and Equity - Investment income rose by 111.62% to ¥81,097,124.03, mainly from the realized investment gains from the transfer of equity in the dyeing and textile companies[14] - The company transferred 46% equity in the dyeing company and 51% equity in the textile company for a total valuation of ¥315,448,600[16] - The company reported a significant increase in cash inflow from investment recovery, totaling CNY 294,222,863.41 compared to CNY 74,149,874.39 in the previous year[37] Other Financial Metrics - The weighted average return on equity decreased by 2.33 percentage points to 11.59%[6] - The company’s retained earnings increased to RMB 1,455,284,276.35 from RMB 1,147,879,967.23, reflecting an increase of approximately 26.8%[21] - Research and development expenses for Q3 2020 were ¥13,315,081.80, down from ¥20,166,645.17 in Q3 2019, indicating a decrease of approximately 34%[25] - The company incurred financial expenses of approximately ¥4.87 million in Q3 2020, compared to ¥3.16 million in Q3 2019, representing an increase of about 54%[31]