银禧科技(300221) - 2018 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -10,581,681.26, a decline of 120.61% year-on-year[7] - Operating revenue for the period was CNY 576,152,039.84, down 9.01% compared to the same period last year[7] - Basic earnings per share were CNY -0.0210, a decrease of 120.65% year-on-year[7] - The net profit attributable to the parent company decreased by 80.02% to ¥30,589,752.80, primarily due to a decline in gross margin in the modified plastic segment and poor performance from a subsidiary[23] - The company reported a net loss of CNY 19,265,479.73 for the quarter, compared to a profit in the same period last year[46] - The net profit for the current period is CNY 28.44 million, down from CNY 155.32 million in the previous period, representing a decline of approximately 81.7%[56] - The total profit for the current period is CNY 34.61 million, compared to CNY 138.54 million in the previous period, indicating a decrease of about 75%[56] - The total comprehensive income for the current period is CNY 27.92 million, significantly lower than CNY 155.68 million in the previous period, indicating a decrease of about 82%[57] Cash Flow and Investments - The net cash flow from operating activities increased by 269.78% to CNY 121,092,569.05 year-to-date[7] - Cash received from sales and services rose by 30.99% to ¥1,963,174,295.18, attributed to higher sales revenue in the previous quarter[26] - Cash paid for the purchase of fixed assets rose by 54.02% to ¥91,943,967.10, driven by payments for equipment and mining rights related to a cobalt smelting project[26] - The net cash flow from investing activities was -109,210,194.20 CNY, compared to -395,505,448.80 CNY in the previous period, indicating a significant reduction in cash outflow[63] - The net cash flow from financing activities was -24,631,458.76 CNY, a decrease from 540,529,429.76 CNY in the previous period, reflecting a shift in financing strategy[63] - The company received 668,199,481.11 CNY in borrowings, an increase from 563,462,175.42 CNY in the previous period, indicating a reliance on debt financing[63] Shareholder Information - The company reported a total of 24,028 common shareholders at the end of the reporting period[11] - The largest shareholder, Shihezi Ruichen Equity Investment Partnership, held 20.83% of shares, totaling 105,101,580 shares[11] - There were no agreed repurchase transactions conducted by the top 10 shareholders during the reporting period[12] - The total number of restricted shares at the beginning of the period was 84,847,818, with 3,652,117 shares released during the period, leaving 81,195,701 shares restricted at the end[17] - The company has a commitment to release 25% of newly acquired shares after 12 months, 30% after 24 months, and the remaining after 36 months, contingent on performance obligations being met[17] Asset and Liability Management - Total assets decreased by 5.90% to CNY 3,231,544,426.76 compared to the end of the previous year[7] - Total liabilities decreased to CNY 510,963,435.28 from CNY 374,683,100.40, indicating a significant increase in financial obligations[44] - Non-current assets totaled CNY 1,702,065,329.78, showing a slight increase from CNY 1,691,781,077.14 at the beginning of the period[44] - Long-term borrowings increased by 169.03% to ¥147,700,000.00, reflecting additional long-term financing[19] Operational Efficiency - The company's gross profit margin decreased, with operating costs representing 89.8% of total revenue in the current quarter compared to 81.5% in the previous year[46] - Operating activities generated a net cash flow of -61,659,585.68 CNY, compared to -2,863,606.70 CNY in the previous period, indicating a decline in operational efficiency[65] - Cash inflow from operating activities totaled 390,754,557.49 CNY, down from 435,755,134.08 CNY in the previous year, showing a decrease in revenue generation[65] Research and Development - The company plans to focus on research and development, with R&D expenses totaling CNY 26,615,564.98, down from CNY 29,614,508.65 in the previous year[46] - The company's research and development expenses for the current period are CNY 16.13 million, slightly up from CNY 15.80 million in the previous period[59] Other Financial Metrics - The company reported a 296.65% increase in non-operating expenses, totaling ¥3,615,600.00, mainly due to increased donation expenditures[23] - The foreign currency translation difference decreased by 242.85%, resulting in a loss of ¥512,954.51, due to exchange rate fluctuations[25] - The impact of exchange rate fluctuations on cash and cash equivalents changed by 183.29% year-on-year, primarily due to changes in foreign currency translation differences during the first nine months of this year[13]