ELION(SH:600277)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was ¥8.68 billion, representing an 11.63% decrease year-on-year[16] - Net profit attributable to shareholders was ¥224.99 million, down 70.46% from the previous year[16] - Basic earnings per share decreased to ¥0.08, down 71.43% year-on-year[16] - The weighted average return on net assets was 1.45%, a decrease of 3.6 percentage points compared to the previous year[16] - Total revenue for Q3 2020 was approximately ¥2.60 billion, a decrease of 14.4% compared to ¥3.03 billion in Q3 2019[54] - Operating profit for Q3 2020 was approximately ¥37.29 million, down 66.5% from ¥110.97 million in Q3 2019[54] - Net profit for the first three quarters of 2020 was approximately ¥273.18 million, a decrease of 69.9% compared to ¥907.46 million in the same period of 2019[54] - The net profit attributable to shareholders for Q3 2020 was approximately ¥125.27 million, an increase of 17.4% from ¥106.67 million in Q3 2019[60] - The basic earnings per share for Q3 2020 was ¥0.01, compared to ¥0.03 in Q3 2019[60] Cash Flow - Net cash flow from operating activities for the first nine months was ¥1.30 billion, a decrease of 36.43% compared to the same period last year[16] - Cash flow from operating activities decreased by 36.43% to ¥1,299,897,957.13 from ¥2,044,717,379.74, impacted by reduced revenue[29] - Operating cash inflow for the first three quarters of 2020 was CNY 9.28 billion, down 22.4% from CNY 11.96 billion in the same period of 2019[64] - Net cash flow from operating activities for the first three quarters of 2020 was CNY 1.30 billion, a decrease of 36.4% compared to CNY 2.04 billion in 2019[64] - Cash inflow from investment activities was CNY 86.73 million, significantly lower than CNY 1.74 billion in the previous year, resulting in a net cash outflow of CNY 310.65 million[64] - Cash inflow from financing activities totaled CNY 6.71 billion, an increase of 110.5% from CNY 3.18 billion in 2019[64] - Net cash flow from financing activities was negative at CNY 450.73 million, an improvement from a loss of CNY 1.26 billion in the same period last year[66] Assets and Liabilities - Total assets at the end of the reporting period reached ¥34.58 billion, a 0.28% increase compared to the end of the previous year[16] - The company's total assets amounted to RMB 34.58 billion, an increase from RMB 34.48 billion at the end of 2019[41] - The company's total liabilities stood at RMB 16.15 billion, slightly up from RMB 16.11 billion at the end of 2019[44] - Total liabilities as of September 30, 2020, were approximately ¥7.59 billion, an increase of 8.3% from ¥7.01 billion at the end of 2019[50] - The company's equity attributable to shareholders reached RMB 15.40 billion, an increase from RMB 15.37 billion at the end of 2019[44] - Shareholders' equity stood at CNY 18,371,218,183.07, with total equity attributable to shareholders at CNY 15,372,743,823.53[76] Shareholder Information - The total number of shareholders at the end of the reporting period was 61,219[18] - The largest shareholder, Yili Resources Group Co., Ltd., held 49.16% of the shares, with 1.35 billion shares pledged[18] Research and Development - R&D expenses increased by 270.83% to ¥138,500,639.31 from ¥37,348,455.84, reflecting increased investment in high-tech enterprises[25] - Research and development expenses for Q3 2020 were approximately ¥39.61 million, significantly up from ¥16.24 million in Q3 2019, indicating a focus on innovation[54] - Research and development expenses increased to ¥5.94 million in Q3 2020, compared to ¥2.91 million in Q3 2019, reflecting a growth of 103.5%[60] Inventory and Receivables - Accounts receivable dividends decreased by 54.64% to ¥26,650,000 from ¥58,746,400 due to reduced dividend recovery[22] - Inventory decreased by 31.37% to ¥302,732,637.93 from ¥441,080,300.63 year-on-year[22] - The company reported a decrease in inventory to RMB 302.73 million from RMB 441.08 million at the end of 2019, indicating a reduction of approximately 31.4%[41] - The company’s total current assets included accounts receivable of CNY 878,253,846.10[73] Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to ¥5.56 million, totaling ¥28.99 million for the year-to-date[19] - Other income increased by 106.93% to ¥28,999,908.86 from ¥14,014,120.11, due to increased government subsidies[25] Corporate Actions - The company plans to temporarily use ¥10 billion of idle raised funds to supplement working capital, with a usage period not exceeding 12 months[32] - The company is in the process of acquiring 60% equity in Zhangjiakou Jingzhang Welcome Corridor Ecological Energy Co., Ltd. and 100% equity in Zhangjiakou Yiyuan New Energy Development Co., Ltd.[33] - The company repaid all raised funds of ¥600 million intended for temporary working capital back to the special account[32] Financial Instruments - The company successfully issued two tranches of corporate bonds in 2020, each with a scale of RMB 500 million, totaling RMB 1 billion[36] - The company's short-term borrowings increased to RMB 5.08 billion from RMB 3.96 billion at the end of 2019[44]