航发科技(600391) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was a loss of ¥58,581,130.56, compared to a loss of ¥20,312,348.23 in the same period last year[6]. - Operating revenue for the first nine months was ¥1,547,292,956.57, a decrease of 6.17% year-on-year[6]. - The company anticipates significant uncertainty regarding its ability to turn a profit for the full year 2020 due to the ongoing impact of the pandemic on its operations[18]. - Net profit attributable to the parent company for Q3 2020 was a loss of CNY 58,581,130.56, a decrease of 188.40% year-on-year, significantly impacted by the pandemic's effect on the international aviation industry[15]. - The net profit for the third quarter of 2020 was not explicitly stated, but the undistributed profits decreased to CNY -96,847,516.74 from CNY -8,407,356.83 year-over-year[28]. - The company reported a net loss of ¥39,476,788.07 for the first three quarters of 2020, compared to a loss of ¥8,950,991.00 in the same period of 2019[31]. Revenue and Costs - Total operating revenue for Q3 2020 was CNY 589,885,438.55, an increase from CNY 515,178,388.43 in Q3 2019, representing a growth of approximately 14.4%[29]. - Total operating costs for Q3 2020 were CNY 576,479,701.65, compared to CNY 509,364,464.90 in Q3 2019, indicating an increase of about 13.2%[29]. - The total operating cost for Q3 2020 was ¥413,975,808.81, which is an increase from ¥334,405,703.10 in Q3 2019, representing a rise of 23.8%[34]. Assets and Liabilities - Total assets as of the end of the reporting period reached ¥5,702,979,902.67, an increase of 5.38% compared to the end of the previous year[6]. - Total liabilities as of September 30, 2020, were CNY 3,805,662,328.67, an increase from CNY 3,485,139,556.94 at the end of 2019[23]. - Current assets totaled CNY 3,168,615,747.29 as of September 30, 2020, up from CNY 2,868,522,994.72 at the end of 2019, reflecting an increase of approximately 10.5%[26]. - Total liabilities reached CNY 3,162,568,495.86, compared to CNY 2,805,153,711.27 in the previous year, showing an increase of approximately 12.8%[28]. - The company's total assets amounted to CNY 4,514,769,340.54, up from CNY 4,235,812,572.39, indicating a growth of about 6.6%[28]. Cash Flow - Cash flow from operating activities increased significantly to ¥296,052,131.61, up 208.70% compared to the same period last year[6]. - Cash flow from operating activities for the first three quarters of 2020 was CNY 296,052,131.61, an increase of 208.70% year-on-year, driven by improved collection of receivables[16]. - Cash flow from investing activities for the first three quarters of 2020 was a net outflow of CNY 107,362,926.21, an increase in outflow of 38.85% year-on-year due to increased fixed asset investments[16]. - Cash flow from financing activities for the first three quarters of 2020 was a net outflow of CNY 279,118,822.39, an increase in outflow of 405.68% year-on-year, reflecting the company's focus on managing operational funds and reducing interest-bearing liabilities[16]. - The company reported a cash and cash equivalents balance of 68,220,261.39 RMB at the end of the period, down from 140,821,228.94 RMB[42]. Shareholder Information - The number of shareholders reached 58,814, with the largest shareholder holding 36.02% of the shares[8]. - The total equity attributable to shareholders decreased to CNY 1,352,200,844.68 from CNY 1,430,658,861.12, a decline of approximately 5.5%[28]. Research and Development - Research and development expenses for Q3 2020 were CNY 19,265,808.94, compared to CNY 17,017,342.86 in Q3 2019, reflecting an increase of approximately 13.2%[29]. - The company's R&D expenses for Q3 2020 were ¥8,732,840.30, a significant increase of 73.4% from ¥5,037,272.67 in Q3 2019[34]. Financial Management - Financial expenses for Q3 2020 totaled CNY 34,849,406.58, a decrease of 39.01% year-on-year, primarily due to the company's efforts to reduce interest-bearing liabilities, resulting in a 36.41% decline in average interest-bearing liabilities[14]. - The company's management expenses for Q3 2020 were ¥20,142,013.09, a decrease of 52.4% compared to ¥42,198,832.76 in Q3 2019[34].