万里股份(600847) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders rose by 156.96% to CNY 1,482,443.51 for the first nine months of the year[6] - Operating revenue for the first nine months increased by 5.28% to CNY 418,396,107.64 compared to the same period last year[6] - Basic earnings per share increased by 155.26% to CNY 0.0097[6] - The weighted average return on equity increased by 0.1297 percentage points to 0.2143%[6] - The company reported a net cash flow from operating activities of -RMB 28,790,140.13, a significant decline from -RMB 3,209,393.30 in the previous period, mainly due to increases in accounts receivable and inventory[12] - The company’s net loss for the period was slightly reduced to -RMB 264,808,883.66 from -RMB 266,291,327.17, indicating a marginal improvement in financial performance[17] - Net profit for Q3 2020 reached ¥4,018,822.33, compared to ¥7,286,282.38 in Q3 2019, indicating a decrease of 44.5%[23] - The total comprehensive income for Q3 2020 was ¥5,502,348.26, compared to ¥8,425,620.14 in the same period last year, indicating a decline of 34.3%[26] Assets and Liabilities - Total assets increased by 1.02% to CNY 761,727,922.86 compared to the end of the previous year[6] - The total assets as of September 30, 2020, were RMB 761,727,922.86, compared to RMB 754,055,383.23 at the end of 2019[16] - The company's total liabilities increased to RMB 69,320,192.60 from RMB 63,130,096.48, reflecting changes in accounts payable and contract liabilities[17] - Total liabilities for Q3 2020 were ¥54,317,757.62, compared to ¥43,742,923.25 in Q3 2019, representing a year-over-year increase of 24.5%[20] Cash Flow - The net cash flow from operating activities for the first nine months was CNY -28,790,140.13, compared to CNY -3,209,393.30 in the previous year[6] - Cash and cash equivalents decreased significantly to RMB 17,885,917.30 from RMB 49,032,454.43, primarily due to increased receivables and inventory[15] - Total cash inflow from operating activities in Q3 2020 was ¥340,819,105.46, up from ¥304,874,623.35 in Q3 2019, reflecting a growth of 11.8%[35] - The cash and cash equivalents at the end of Q3 2020 were ¥4,965,389.82, down from ¥7,418,412.31 at the end of Q3 2019, indicating a decrease of 33.1%[35] - The company reported a net decrease in cash and cash equivalents of -¥31,146,537.13 for the first three quarters of 2020, compared to -¥4,149,621.25 in the same period of 2019[31] Shareholder Information - The total number of shareholders reached 8,410 by the end of the reporting period[9] - The largest shareholder, Jiatiantian Asset Management Co., Ltd., holds 11.55% of the shares[9] Research and Development - Research and development expenses increased by 13.22% to RMB 1,603,098.33 from RMB 1,415,968.60, indicating a commitment to enhancing product development[12] - Research and development expenses for Q3 2020 were ¥383,587.67, a decrease from ¥494,847.36 in Q3 2019, reflecting a decline of 22.5%[22] Revenue and Costs - Operating costs rose to RMB 362,269,261.45, up 4.52% from RMB 346,617,489.81, primarily due to increased sales[12] - The company's operating revenue for Q3 2020 was ¥155,064,394.81, an increase of 6.7% compared to ¥146,098,225.27 in Q3 2019[25] - Total operating costs for Q3 2020 were ¥159,927,220.94, up from ¥143,468,004.11 in Q3 2019, reflecting a year-over-year increase of 11.5%[22] - The company's operating costs for Q3 2020 were ¥135,325,838.24, an increase of 7.2% from ¥126,202,736.83 in Q3 2019[25] Inventory and Receivables - Accounts receivable increased by 36.98% to RMB 123,937,129.12 from RMB 90,476,826.65, attributed to higher credit sales[12] - Inventory increased by 18.71% to RMB 123,896,929.97 from RMB 104,365,784.75, mainly due to a rise in work-in-progress[12] - The company's inventory increased to ¥111,690,313.54 in Q3 2020 from ¥98,129,752.04 in Q3 2019, representing a growth of 13.5%[20] Other Financial Metrics - The company reported a gross profit margin of approximately 1.1% for Q3 2020, down from 3.3% in Q3 2019[22] - The total profit for Q3 2020 was ¥5,502,348.26, compared to ¥8,425,620.14 in Q3 2019, showing a decrease of 34.3%[26] - The company reported a credit impairment loss of ¥1,357,260.15 in Q3 2020, compared to a gain of ¥751,846.04 in Q3 2019[26]