金牛化工(600722) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 53.95% to CNY 322,809,510.34 for the first nine months compared to the same period last year[7] - Net profit attributable to shareholders decreased by 60.23% to CNY 9,786,008.63 for the first nine months compared to the same period last year[7] - Net cash flow from operating activities decreased by 94.30% to CNY 7,108,073.39 for the first nine months compared to the same period last year[7] - Revenue for the first three quarters of 2020 was CNY 322,809,510.34, a decrease of 53.95% compared to CNY 701,072,616.67 in the same period of 2019, primarily due to the impact of the pandemic on sales from subsidiaries[14] - Operating costs decreased by 53.87% to CNY 296,806,631.36 from CNY 643,380,532.16 year-on-year, attributed to reduced sales from subsidiaries[14] - Total profit for the first three quarters of 2020 was ¥16,061,449.45, down 63.8% from ¥44,523,278.31 in the same period of 2019[25] - The company reported a significant increase in other income, which rose to CNY 876,236.83, a 591.65% increase compared to CNY 126,686.98 in the previous year, due to the write-off of unpayable accounts payable[14] Assets and Liabilities - Total assets increased by 0.63% to CNY 1,231,877,030.72 compared to the end of the previous year[7] - Accounts receivable decreased by 54.43% to CNY 17,828,888.11 compared to the end of the previous year[13] - Inventory increased by 39.60% to CNY 2,932,750.54 compared to the end of the previous year[13] - Construction in progress increased by 251.80% to CNY 8,900,589.89 due to increased investment in technology renovation projects[13] - The total assets as of September 30, 2020, were CNY 1,231,877,030.72, slightly up from CNY 1,224,148,988.52 at the end of 2019[18] - The total liabilities decreased to CNY 1,035,552,578.08 from CNY 1,033,445,325.88 year-on-year[18] - Current liabilities totaled CNY 40,222,091.85, down from CNY 47,265,418.38 in the previous year, indicating a reduction of approximately 15%[21] - The company's total equity reached CNY 1,098,958,007.23, a marginal increase from CNY 1,094,735,298.58 year-over-year[22] Cash Flow - Net cash flow from operating activities was CNY 7,108,073.39, down 94.30% from CNY 124,772,985.98 in the previous year, mainly due to decreased sales revenue and increased prepayments[15] - The cash flow from operating activities for the first nine months of 2020 was CNY 7,108,073.39 million, down from CNY 124,772,985.98 million in the previous year, reflecting a decrease of approximately 94.3%[31] - The total cash inflow from operating activities in Q3 2020 was CNY 352,057,790.05 million, while cash outflow was CNY 344,949,716.66 million, resulting in a net cash flow of CNY 7,108,073.39 million[32] - The company reported a cash and cash equivalents balance of CNY 866,128,718.06 million at the end of Q3 2020, slightly up from CNY 862,207,060.15 million at the end of Q3 2019[33] Shareholder Information - The number of shareholders reached 39,831 at the end of the reporting period[10] - The company did not distribute dividends during the reporting period, resulting in a net cash flow from financing activities of CNY 0.00, a 100% decrease from CNY -18,033,840.32 in the previous year[15] Tax and Income - The company’s income tax expense decreased by 49.36% to CNY 1,385,639.62 from CNY 2,736,077.40, primarily due to reduced income from subsidiaries[14] - Tax expenses for Q3 2020 were ¥297,235.16, down from ¥1,536,173.27 in Q3 2019[25] Other Financial Metrics - The weighted average return on equity decreased by 1.5010 percentage points to 0.9902%[7] - The company's cash and cash equivalents increased to CNY 870,230,018.06 from CNY 853,180,711.38 year-on-year[17] - The company reported a financial expense of -¥3,672,551.10 in Q3 2020, compared to -¥4,720,645.68 in Q3 2019[24] - The company incurred a financial expense of CNY -9,276,934.61 million for the first nine months of 2020, compared to CNY -13,149,827.00 million in the previous year[29]