HLSY(000622)2020-10-28 16:00Financial Performance - Operating revenue for the reporting period was ¥104,555,095.20, representing an increase of 8.33% year-on-year[8]. - Net profit attributable to shareholders decreased by 86.21% to ¥2,968,130.07 for the reporting period[8]. - Basic earnings per share fell by 86.17% to ¥0.0070, compared to ¥0.0120 in the same period last year[8]. - The company reported a significant increase in asset disposal income by 492.65% to ¥10.53 million from ¥1.78 million, mainly from asset disposals by a subsidiary[17]. - The net profit for the year-to-date was CNY 5,269,069.68, a decrease from CNY 14,375,908.86 in the same period last year[50]. - The net profit for Q3 2020 was a loss of CNY 535,163.86, compared to a net profit of CNY 17,845,622.68 in Q3 2019[44]. - The company's total assets as of September 30, 2020, amounted to CNY 335,465,745.15, compared to CNY 330,683,116.82 at the end of 2019[39]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥15,391,639.52, a decrease of 7.84% compared to the previous period[8]. - Cash flow from operating activities showed a net outflow of -67,493,270.90 yuan, an improvement from -96,963,825.45 yuan in the previous year[55]. - Total cash inflow from operating activities was 283,253,851.77 yuan, while cash outflow was 350,747,122.67 yuan[55]. - Cash and cash equivalents decreased by 66.96% to ¥26.57 million from ¥80.41 million, primarily due to procurement payments by subsidiaries and daily operating expenses[16]. - The company reported cash and cash equivalents at the end of the period amounting to 20,103,268.80 yuan, down from 50,455,745.27 yuan at the end of the previous year[56]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥318,137,542.97, an increase of 0.55% compared to the end of the previous year[8]. - The company's total liabilities decreased from RMB 101.51 million at the end of 2019 to RMB 98.77 million by September 30, 2020[35]. - The total liabilities increased to CNY 113,364,755.01 in Q3 2020 from CNY 107,144,625.63 in Q3 2019, marking a rise of 5.5%[39]. - The total liabilities to equity ratio is approximately 0.47, indicating a moderate level of financial leverage[64]. - The total inventory was valued at CNY 13,423,796.97, which is crucial for operational efficiency[62]. Shareholder Information - The total number of shareholders at the end of the reporting period was 34,665[12]. - The largest shareholder, China Huayang Investment Holdings Co., Ltd., held 17.99% of the shares, amounting to 76,496,653 shares[12]. - The company has no controlling shareholder or actual controller, with the largest shareholders being Huayang Investment and Aoshengxia, holding 16.78% of total shares[20]. Government Support and Legal Matters - The company received government subsidies amounting to ¥688,752.38, primarily for fiscal stabilization[9]. - The company is currently involved in litigation regarding a contract dispute, with mediation efforts ongoing[19]. Operational Metrics - Accounts receivable increased by 68.30% to ¥36.36 million from ¥21.61 million, driven by increased orders from subsidiaries and revenue growth[16]. - Prepayments rose by 125.44% to ¥141.95 million from ¥62.96 million, mainly due to increased trade prepayments by subsidiaries[16]. - Sales of goods and services received cash increased by 60.56% to ¥280.77 million from ¥174.87 million, attributed to increased cash receipts from bulk trade sales[17]. Research and Development - Research and development expenses for Q3 2020 were CNY 296,659.53, compared to CNY 237,007.05 in the same period last year, reflecting an increase of 25.1%[42]. - Research and development expenses for Q3 2020 were CNY 768,734.10, up from CNY 740,544.92 in Q3 2019[49]. Changes in Accounting Standards - The company has implemented new revenue and leasing standards starting in 2020, which required adjustments to the financial statements[61].