CIG(SH:603083)2020-10-16 16:00Financial Performance - Operating revenue decreased by 1.49% to CNY 2,124,540,914.14 for the first nine months compared to the same period last year[11] - Net profit attributable to shareholders was CNY -125,675,242.20, a significant decline from CNY -9,227,382.53 in the previous year[11] - Basic and diluted earnings per share were both CNY -0.53, a decrease from CNY -0.04 in the same period last year[11] - Total operating revenue for Q3 2020 was ¥700,428,832.89, a decrease of 0.33% from ¥706,662,384.57 in Q3 2019[47] - Net profit attributable to shareholders for Q3 2020 was -¥68,295,008.38, compared to -¥15,058,613.61 in Q3 2019, indicating a significant increase in losses[52] - Operating profit for Q3 2020 was -¥40,009,654.47, compared to -¥894,759.99 in Q3 2019, indicating a significant decline[60] - Net profit for Q3 2020 was -¥34,339,458.09, compared to -¥2,077,905.86 in Q3 2019, reflecting a worsening financial position[62] - Total comprehensive income for Q3 2020 was -¥34,339,458.09, compared to -¥2,077,905.86 in Q3 2019[66] Assets and Liabilities - Total assets increased by 22.32% to CNY 3,540,573,739.69 compared to the end of the previous year[11] - Total liabilities amounted to RMB 1,740,694,326.44, compared to RMB 1,711,431,032.32, reflecting a slight increase of approximately 1.7%[36] - Non-current assets totaled RMB 1,287,016,822.73, an increase from RMB 846,636,077.28, representing a growth of approximately 52%[40] - Current assets totaled RMB 2,259,051,551.90, up from RMB 1,769,099,806.73, indicating a growth of about 28% year-over-year[40] - Total liabilities increased to ¥1,628,893,842.92 in 2020 from ¥1,433,163,645.68 in 2019, reflecting a growth of 13.6%[47] - Total assets increased to ¥3,546,068,374.63 in 2020 from ¥2,615,735,884.01 in 2019, indicating a growth of 35.5%[47] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -461,105,343.16, a decrease of 378.69% compared to the previous year[11] - Cash flow from operating activities decreased by 378.69% to -¥461,105,343.16 from ¥165,456,349.47, mainly due to the impact of the pandemic on sales and collection speed[26] - Cash flow from investing activities was -¥423,124,402.21, compared to -¥265,866,283.02 in the previous year, primarily due to increased equipment purchases[26] - Cash flow from financing activities increased by 409.12% to ¥831,196,362.54 from ¥163,262,581.76, mainly due to the completion of a private placement[26] - The net cash flow from operating activities for the first three quarters of 2020 was -326,638,876.34 RMB, compared to -37,755,932.70 RMB in the same period of 2019, indicating a significant decline[74] - Cash inflow from financing activities reached 1,399,519,471.54 RMB, a substantial increase from 587,483,318.00 RMB in the previous year[74] Inventory and Receivables - Inventory rose by 46.62% to ¥907,640,642.21 from ¥619,046,607.72, mainly due to increased procurement of raw materials[23] - Accounts receivable financing decreased by 70.97% to ¥870,000 from ¥2,997,338.39 due to collection of receivables during the reporting period[23] - Accounts receivable rose to RMB 1,223,668,299.09 compared to RMB 1,048,118,101.85, marking an increase of around 16.7%[40] Development and Expenditures - Development expenditures rose by 155.97% to ¥171,534,564.46 from ¥67,012,349.62, reflecting an increase in R&D projects[23] - The company reported a significant increase in development expenditures to RMB 26,329,278.74 from RMB 7,872,885.61, reflecting a rise of about 234%[40] Foreign Exchange and Other Impacts - The company experienced a foreign exchange loss of CNY 25,644,800 due to the significant appreciation of the RMB against the USD in the second half of the year[13] - The company experienced a foreign exchange impact of 1,366,092.73 RMB on cash and cash equivalents, compared to 2,873,641.00 RMB in the previous year[74] Future Outlook - The company expects an increase in optoelectronic product deliveries in the fourth quarter following the completion of most production equipment adjustments[13] - The company plans to focus on market expansion and new product development in the upcoming quarters[47]