ST海越(600387) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months fell by 60.78% to CNY 3,454,628,585.39 year-on-year[6] - Net profit attributable to shareholders decreased by 88.46% to CNY 53,414,175.54 compared to the same period last year[6] - Basic earnings per share dropped by 88.78% to CNY 0.11[7] - The company reported a significant increase of 103.21% in net profit after deducting non-recurring gains and losses, reaching CNY 48,108,681.46[6] - The company's investment income fell by 96.73% to CNY 14,491,283.88 from CNY 442,604,921.22 in the same period last year[13] - The company reported a total comprehensive income of -¥12,821,659.06 for Q3 2020, contrasting with ¥69,514,492.05 in Q3 2019, indicating a significant downturn[24] - Total profit for Q3 2020 was ¥29,803,541.11, down from ¥66,368,266.93 in Q3 2019, a decrease of about 55.1%[23] - Net profit for Q3 2020 was ¥22,938,501.51, down from ¥49,364,787.72 in Q3 2019, indicating a decline of approximately 53.6%[23] Cash Flow - Net cash flow from operating activities turned negative at CNY -143,904,859.74, a decline of 181.92% year-on-year[6] - Cash flow from operating activities for the first three quarters of 2020 was ¥5,413,106,031.10, down 52.0% from ¥11,267,941,668.03 in 2019[28] - Cash inflow from operating activities totaled CNY 4,227,556,118.82 for the first three quarters of 2020, up from CNY 3,006,893,677.01 in 2019, indicating a growth of approximately 40.5%[30] - Cash outflow for purchasing goods and services was CNY 1,865,289,729.46 in the first three quarters of 2020, down from CNY 2,273,248,385.28 in the same period of 2019, a decrease of about 17.9%[30] - The net cash flow from financing activities for Q3 2020 was CNY 1,232,938,168.33, a significant improvement compared to a net outflow of CNY 25,778,285.27 in Q3 2019[31] Assets and Liabilities - Total assets decreased by 5.25% to CNY 4,307,315,591.73 compared to the end of the previous year[6] - The company's total assets as of September 30, 2020, were CNY 2,752,896,660.01, down from CNY 2,927,144,776.00 at the end of 2019[15] - Total liabilities decreased from CNY 1,349,813,044.19 in 2019 to CNY 1,013,272,926.58 in 2020, a reduction of about 25%[17] - Total current assets increased from CNY 1,784,112,934.21 in 2019 to CNY 2,230,282,587.92 in 2020, a growth of approximately 25%[19] - Total equity increased from CNY 3,196,364,137.90 in 2019 to CNY 3,294,042,665.15 in 2020, an increase of approximately 3%[17] - The company's short-term borrowings decreased by 25.98% to CNY 189,250,000.00 from CNY 255,666,000.00 at the beginning of the period[12] - Current liabilities decreased from CNY 1,119,956,890.28 in 2019 to CNY 835,616,772.73 in 2020, a reduction of about 25.4%[16] Shareholder Information - The number of shareholders reached 24,846 by the end of the reporting period[10] - The top shareholder, Tongchuan Huineng Xinneng Co., Ltd., holds 19.06% of shares[11] Research and Development - The company reported a significant reduction in research and development expenses, which were CNY 0 compared to CNY 94,593,266.88 in the same period last year[13] - Research and development expenses for the first three quarters of 2020 totaled ¥94,593,266.88, indicating ongoing investment in innovation[22] Operational Metrics - The gross profit margin for Q3 2020 was approximately 2.9%, compared to 0.7% in Q3 2019, showing an improvement in profitability despite lower revenues[22] - The operating profit for Q3 2020 was ¥27,924,405.22, slightly down from ¥28,379,098.71 in Q3 2019, showing a marginal decrease of 1.6%[23] - The company experienced a tax expense of ¥6,865,039.60 in Q3 2020, compared to ¥17,003,479.21 in Q3 2019, a decrease of approximately 59.6%[23]