远望谷(002161) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 111,251,368.76, down 19.74% year-on-year, and year-to-date revenue was CNY 310,061,106.80, down 29.22%[7] - Net profit attributable to shareholders of the listed company was a loss of CNY 96,801,395.60, representing a decrease of 117.34% compared to the same period last year[7] - Basic and diluted earnings per share were both CNY -0.1309, a decrease of 117.35% compared to the same period last year[7] - The weighted average return on net assets was -5.57%, a decrease of 37.58% year-on-year[7] - The total operating revenue for Q3 2020 was CNY 310,061,106.80, a decrease of 29.2% compared to CNY 438,041,885.55 in the same period last year[57] - The net profit for Q3 2020 was a loss of CNY 278.47 million, compared to a profit of CNY 642.67 million in Q3 2019, indicating a significant decline[58] - The total comprehensive income for Q3 2020 was a loss of CNY 271.74 million, compared to a comprehensive income of CNY 646.44 million in Q3 2019[59] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,460,050,324.18, a decrease of 6.60% compared to the end of the previous year[7] - The company's total assets decreased by 30.38% to ¥671,495,070 due to significant fair value losses from the stock of Henan Siwei Control Technology Co., Ltd.[15] - Total liabilities increased to CNY 664,532,907.03 from CNY 550,228,324.35 year-over-year, reflecting a rise of 20.7%[47] - Non-current liabilities rose to CNY 313,742,728.82, compared to CNY 149,086,041.11 in the previous year, indicating a significant increase of 110.5%[47] - The total owner's equity decreased to CNY 1,858,920,211.51 from CNY 2,160,652,586.57, a decline of 14%[47] - Total liabilities amounted to CNY 635,546,277.76, with current liabilities at CNY 424,910,196.21 and non-current liabilities at CNY 210,636,081.55[73] Cash Flow - The net cash flow from operating activities was a negative CNY 2,988,468.25, an improvement of 79.54% year-on-year[7] - The net cash flow from financing activities increased by 247.84% to ¥211,879,409.89, driven by an increase in bank loans compared to the previous year[17] - The net cash flow from operating activities for the third quarter was 48,856,739.27 yuan, compared to a negative cash flow of -42,963,181.04 yuan in the same period last year[68] - The net cash flow from financing activities was 218,522,851.24 yuan, compared to a negative cash flow of -133,884,376.51 yuan in the same period last year[68] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 88,384[11] - The largest shareholder, Xu Yusuo, held 20.30% of the shares, totaling 150,172,513 shares[11] - As of September 30, 2020, the company repurchased a total of 8,759,461 shares, representing 1.18% of the total share capital, with a total transaction amount of approximately RMB 69.98 million[25] Investments and Subsidiaries - The company invested ¥150 million in Shenzhen Yingtang Technology Co., Ltd. during the reporting period[17] - The company established a wholly-owned subsidiary in Hong Kong with a registered capital of HKD 1,000 to enhance management efficiency and competitiveness[21] - The company plans to terminate the non-public issuance of corporate bonds due to changes in market conditions and financing environment[18] Operational Changes - The company changed its accounting policy in accordance with the revised revenue accounting standards issued by the Ministry of Finance[19] - The company has committed to not engaging in any competing business related to its current operations in high-frequency RFID technology, ensuring compliance with its commitments since 2007[26] - The company decided to cancel the Shenzhen Qinzhi Internet of Things Investment Fund, which has not yet commenced actual business operations[21] Research and Development - Research and development expenses increased to CNY 19,103,613.54, up from CNY 16,837,534.97, representing a growth of 7.5%[50] - Research and development expenses increased to CNY 44.39 million in Q3 2020, up from CNY 41.93 million in the previous year, reflecting a focus on innovation[58]