乐惠国际(603076) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months rose by 4.02% to CNY 649,954,677.61 compared to the same period last year[5]. - Net profit attributable to shareholders increased by 53.45% to CNY 77,325,315.05 year-on-year[5]. - Basic earnings per share increased by 52.94% to CNY 1.04[6]. - The weighted average return on net assets increased by 3.52 percentage points to 9.75%[6]. - Total operating revenue for Q3 2020 was CNY 218,357,328.10, an increase of 10.6% compared to CNY 196,790,219.54 in Q3 2019[32]. - Net profit for Q3 2020 reached CNY 21,739,220.87, compared to CNY 14,954,905.02 in Q3 2019, marking a growth of 45.5%[33]. - The total profit for the first three quarters of 2020 was ¥62.91 million, an increase of 45.9% from ¥43.16 million in the same period of 2019[36]. Assets and Liabilities - Total assets decreased by 7.41% to CNY 1,821,846,438.62 compared to the end of the previous year[5]. - The company's total assets amounted to CNY 1,679,156,333.95, an increase from CNY 1,610,058,421.10 year-over-year[29]. - The company's total liabilities decreased to approximately 988.19 million RMB from 1.21 billion RMB at the end of 2019[25]. - Total liabilities were CNY 823,304,168.84, slightly up from CNY 812,494,781.10 in the previous year[29]. - The company's current assets totaled approximately 1.46 billion RMB, down from 1.66 billion RMB at the end of 2019[23]. - Total current assets increased from CNY 1,664,226,686.44 to CNY 1,669,781,437.91, a rise of CNY 5,554,751.47[45]. Shareholder Information - Net assets attributable to shareholders increased by 10.22% to CNY 831,608,745.56 year-on-year[5]. - The total number of shareholders reached 6,397[12]. - The top shareholder, Ningbo Lehui Investment Holding Co., Ltd., holds 23.49% of the shares[12]. - The total equity attributable to shareholders increased to CNY 855,852,165.11 from CNY 797,563,640.00 year-over-year[29]. Cash Flow - Net cash flow from operating activities decreased by 4.13% to CNY 169,552,620.26 compared to the same period last year[5]. - The company reported a net cash outflow from financing activities of RMB -119,538,497.02, primarily due to the repayment of short-term borrowings[16]. - The cash inflow from financing activities was ¥303.85 million in 2020, down 33.3% from ¥455.18 million in 2019[41]. - The net cash flow from financing activities was -¥119.54 million in 2020, an improvement from -¥179.69 million in 2019[41]. Investments and Expenses - Research and development expenses for Q3 2020 were CNY 11,175,868.47, up from CNY 7,637,800.59 in Q3 2019, indicating a 46.5% increase[32]. - The company reported an investment income of CNY 1,876,890.89 for Q3 2020, down from CNY 3,069,879.10 in Q3 2019[33]. - The company incurred financial expenses of ¥7.57 million in Q3 2020, a significant increase from ¥0.16 million in Q3 2019[36]. Future Outlook - The company plans to raise 418 million RMB through a private placement of A-shares, which was approved by the China Securities Regulatory Commission on September 21, 2020[19]. - The company expects a significant increase in total share capital and net assets following the private placement, enhancing overall capital strength[20]. - The company anticipates that net profit may not grow in line with share capital and net assets in the short term, potentially diluting immediate returns[20]. - The company expects to turn from a loss to a profit in the cumulative net profit by the end of the next reporting period compared to the previous year[21]. Operational Challenges - Sales expenses decreased by 36.84% to RMB 14,058,195.48, influenced by the bankruptcy of German subsidiary Finnah and reduced travel expenses due to the pandemic[16]. - The company is currently involved in arbitration against former shareholders of Finnah, claiming EUR 9,500,000 plus interest[17]. - The company reported a net loss of 24.81 million RMB in 2019, primarily due to a full provision for investment losses from its subsidiary, Finnah Packtec GmbH[21].