科新发展(600234) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue surged by 276.74% to CNY 526,290,038.24 for the year-to-date period[6] - Net profit attributable to shareholders rose by 228.62% to CNY 29,373,945.68 year-to-date[6] - The company reported a net profit of CNY 30,395,012.34 after deducting non-recurring gains and losses, reflecting a 240.04% increase year-to-date[6] - Basic earnings per share increased by 228.28% to CNY 0.1451[6] - Net profit for the period was ¥29,373,900, representing a 73.91% increase compared to the total net profit of ¥16,890,000 for the entire previous year[15] - Total operating revenue for Q3 2020 reached ¥350,638,688.32, a significant increase from ¥60,405,938.99 in Q3 2019[25] - Net profit for Q3 2020 was ¥25,570,097.45, up from ¥3,743,896.27 in Q3 2019, reflecting a growth of approximately 583%[27] - The total profit for the first three quarters of 2020 was ¥38,674,357.09, compared to ¥15,987,351.00 in the same period of 2019, marking a growth of about 142%[27] Assets and Liabilities - Total assets increased by 41.07% to CNY 853,459,819.71 compared to the end of the previous year[6] - Total liabilities rose to ¥730,638,724.27, up from ¥511,840,678.16, indicating an increase of about 42.8%[20] - Owner's equity increased to ¥122,821,095.44 from ¥93,134,632.30, reflecting a growth of approximately 31.9%[20] - Current liabilities totaled ¥631,086,133.98, compared to ¥411,721,147.14, marking an increase of around 53.2%[19] - Contract assets rose dramatically by 1393.83% to ¥217,376,070.19, compared to ¥14,551,581.80 at the end of 2019, reflecting uncompleted construction contracts[11] - Accounts receivable increased by 110.38% to ¥36,618,014.59 from ¥17,405,244.28, indicating a rise in business activity[11] - The company's total assets as of Q3 2020 amounted to ¥604,975,310.46, remaining unchanged from the previous year[42] - The total liabilities of the company were reported at ¥511,840,678.16, indicating no change from the previous year[41] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 18,474,719.37, compared to a positive cash flow of CNY 4,090,839.41 in the same period last year[6] - Operating cash flow for the first nine months of 2020 was negative at ¥18,474,719.37, a significant decline from a positive cash flow of ¥4,090,839.41 in the same period of 2019[34] - The company reported a significant decrease in cash received from operating activities, with cash from sales dropping to ¥7,069,436.38 from ¥10,996,325.20 in the same period of 2019, a decline of 35.5%[36] - The company’s cash outflow for operating activities was ¥11,812,854.08, down from ¥22,411,583.62 in the same period of 2019, reflecting a decrease of 47.4%[36] - The company received cash from borrowings amounting to ¥30,000,000.00 in Q3 2020, indicating a strategy to bolster liquidity[35] Shareholder Information - The total number of shareholders reached 7,922 by the end of the reporting period[9] - The top ten shareholders held a combined 56.67% of the company's shares, with the largest shareholder owning 13.42%[9] Government Support - The company received government subsidies amounting to CNY 959,738.88 year-to-date, with CNY 84,738.88 recognized in the current period[8] Future Plans - The company plans to issue up to 60,075,093 shares at a price of ¥7.99 per share, aiming to raise approximately ¥480 million from Shenzhen Kexin Industrial Holdings Co., Ltd.[13] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27] Operational Costs - The operating costs surged by 397.33% to ¥445,397,622.17, up from ¥89,558,245.45, primarily due to increased construction and media business activities[12] - The company’s management expenses rose by 75.18% to ¥20,630,022.68, attributed to increased business operations and personnel costs[12] - Total operating expenses for Q3 2020 were ¥461,193,567.81, compared to ¥106,476,423.37 in Q3 2019, representing an increase of 333.5%[34] Credit and Impairment - The company incurred a credit impairment loss of ¥2,270,243.87 in Q3 2020, compared to a reversal of ¥1,226,790.51 in Q3 2019, reflecting changes in credit risk[28] Comprehensive Income - The total comprehensive income for Q3 2020 was ¥25,570,097.45, compared to ¥3,743,896.27 in Q3 2019, indicating overall financial health improvement[28] - The total comprehensive income for Q3 2020 was a loss of ¥2,103,564.94, compared to a loss of ¥627,002.93 in Q3 2019, reflecting a decline of 235.5%[32]