扬农化工(600486) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders of the listed company was RMB 1,023,164,649.48, a decrease of 4.34% year-on-year [6]. - Operating income for the first nine months was RMB 7,956,364,539.34, reflecting a growth of 12.67% compared to the same period last year [6]. - Basic earnings per share for the period were RMB 3.302, down 4.34% from RMB 3.451 in the previous year [6]. - The company reported a net profit of RMB 59,585,397.63 from non-operating income and expenses for the third quarter [7]. - Total operating revenue for Q3 2020 reached CNY 2,039,418,972.78, an increase of 13.3% compared to CNY 1,800,292,977.05 in Q3 2019 [28]. - Operating profit for Q3 2020 was CNY 235,895,309.70, a decrease from CNY 272,724,023.20 in Q3 2019 [31]. - Net profit attributable to shareholders for Q3 2020 was CNY 196,362,168.86, down from CNY 219,091,897.47 in Q3 2019 [33]. - The company reported a total profit of CNY 235,416,736.63 for Q3 2020, down from CNY 271,864,520.11 in Q3 2019 [31]. - The total comprehensive income for Q3 2020 was CNY 193,624,273.64, compared to CNY 232,041,097.75 in Q3 2019 [34]. - The company’s total profit for Q3 2020 was CNY 6.22 million, a decrease of 76.9% from CNY 25.78 million in Q3 2019 [35]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 11,203,154,521.39, an increase of 16.25% compared to the end of the previous year [6]. - Total liabilities increased to ¥5,428,439,211.29 from ¥4,580,149,778.74, representing a growth of approximately 18.54% [22]. - Owner's equity rose to ¥5,774,715,310.10 compared to ¥5,057,335,085.66, marking an increase of about 14.15% [22]. - Current assets decreased to ¥2,012,921,411.29 from ¥2,790,457,234.71, a decline of approximately 27.8% [24]. - Total assets decreased to ¥4,854,199,903.57 from ¥5,629,061,689.93, a reduction of about 13.7% [26]. - The total liabilities were reported at ¥4,580,149,778.74, with non-current liabilities accounting for ¥114,415,445.46 [46]. - The company holds cash and cash equivalents of ¥1,246,051,691.91, indicating strong liquidity [47]. - The total current liabilities represent approximately 98.4% of total liabilities, indicating a high short-term obligation level [50]. Cash Flow - Net cash flow from operating activities for the first nine months increased by 41.03% to RMB 1,390,946,370.67 [6]. - The company achieved a net cash flow from operating activities of CNY 1.39 billion for the first three quarters of 2020, an increase of 40.1% from CNY 986.28 million in the same period of 2019 [38]. - The total cash inflow from operating activities for the first three quarters of 2020 was CNY 7.96 billion, an increase of 15.3% from CNY 6.90 billion in the same period of 2019 [38]. - The total cash inflow from operating activities was CNY 1,609,547,249.38, down 10.8% from CNY 1,805,436,527.21 in the previous year [40]. - The company reported a net cash outflow from investment activities of CNY 1,006,638,011.11, compared to a net inflow of CNY 234,526,702.78 in the same period last year [39]. - The cash flow from financing activities resulted in a net outflow of CNY 305,257,706.93, a significant improvement from a net outflow of CNY 922,833,483.41 in the previous year [39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,393 [12]. - The largest shareholder, Jiangsu Yangnong Chemical Group Co., Ltd., held 36.17% of the shares [12]. Expenses and Investments - Research and development expenses increased to CNY 88,464,714.08 in Q3 2020, compared to CNY 63,687,162.36 in Q3 2019, reflecting a growth of 38.9% [28]. - The company invested CNY 949,711,371.15 in fixed assets, intangible assets, and other long-term assets during the third quarter of 2020, compared to CNY 548,257,652.67 in the same quarter of 2019 [39]. - The company incurred a financial expense of CNY 85,835,624.31 in Q3 2020, compared to a financial income of CNY 36,667,410.10 in Q3 2019 [28]. - The company’s financial expenses increased significantly, reporting RMB 7.81 million due to increased exchange losses [14]. Changes in Financial Position - The company has transitioned pre-received customer payments into contract liabilities, resulting in a 92.47% decrease in advance receipts to RMB 1.90 million [14]. - The company reported a significant increase in expected liabilities to ¥141,544,750.01 from ¥36,591,210.63, an increase of approximately 287.5% [26]. - The capital reserve decreased to ¥632,564,049.97 from ¥737,517,589.35, a decline of about 14.2% [22]. - The company’s retained earnings increased to ¥4,393,704,084.97 from ¥3,571,973,725.04, an increase of approximately 23.1% [22].