MEI YAN(SH:600868)2020-10-28 16:00Financial Performance - Operating revenue decreased by 40.81% to CNY 147,697,932.48 for the first nine months compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 42.36% to CNY 30,761,207.31 for the first nine months compared to the same period last year[6]. - Net cash flow from operating activities decreased by 42.78% to CNY 89,757,670.99 for the first nine months compared to the same period last year[6]. - Basic earnings per share decreased by 42.35% to CNY 0.0162 compared to the same period last year[7]. - The company reported a significant decrease in power generation revenue, which was the main reason for the decline in operating income and net profit[13]. - The net profit after deducting non-recurring gains and losses decreased by 46.70% to CNY 28,134,127.89 for the first nine months compared to the same period last year[6]. - Total operating revenue for Q3 2020 was ¥55,167,299.09, a decrease of 43.3% compared to ¥97,195,309.76 in Q3 2019[55]. - Net profit for Q3 2020 was ¥15,460,212.91, a decline of 42.0% compared to ¥26,666,239.17 in Q3 2019[57]. - The company reported a total profit of ¥17,977,591.29 for Q3 2020, down 47.5% from ¥34,293,079.47 in Q3 2019[57]. Assets and Liabilities - Total assets increased by 1.23% to CNY 2,426,923,135.37 compared to the end of the previous year[6]. - Current assets totaled CNY 399,046,852.54, up from CNY 337,603,650.68, indicating an increase of about 18.2% year-over-year[48]. - The company's cash and cash equivalents increased to CNY 374,149,810.51 from CNY 325,148,137.02, reflecting a growth of approximately 15.1%[48]. - Accounts receivable increased by 132.43% to ¥21,337,066.68 compared to the previous year-end balance of ¥9,180,162.89[27]. - Total liabilities increased to CNY 50,580,239.99 from CNY 34,743,267.77, which is an increase of approximately 45.5%[49]. - Total current liabilities increased to CNY 46,785,717.11 from CNY 32,584,368.96, representing a growth of about 43.5%[49]. - Total assets as of Q3 2020 were CNY 2,397,492,204.37, unchanged from the previous year[71]. - Total liabilities as of Q3 2020 were CNY 34,743,267.77, consistent with the previous year[70]. Cash Flow - Cash received from sales of goods and services decreased by 39.91% to ¥164,425,129.05 from ¥273,646,330.38[35]. - Cash flow from operating activities for the first three quarters of 2020 was ¥89,757,670.99, a decrease of 42.7% from ¥156,867,327.14 in the same period of 2019[63]. - The company reported a net cash outflow from investing activities of ¥21,774,510.71 for the first three quarters of 2020, an improvement from a net outflow of ¥142,567,904.38 in the same period of 2019[63]. - Cash inflow from investment activities in the first three quarters of 2020 reached CNY 408,117,040.31, significantly higher than CNY 1,779,259.54 in 2019[67]. - Cash and cash equivalents at the end of Q3 2020 totaled CNY 292,939,430.20, up from CNY 117,493,435.99 at the end of Q3 2019[67]. Shareholder Information - The company had a total of 285,917 shareholders at the end of the reporting period[11]. - The top ten shareholders held a total of 135,500,173 shares, accounting for 7.14% of the total shares[11]. - The company's equity attributable to shareholders rose to CNY 2,349,580,883.05 from CNY 2,337,801,162.53, showing a slight increase of about 0.5%[49]. - The company’s total equity as of Q3 2020 was CNY 2,362,748,936.60, reflecting stability in shareholder equity[70]. Future Outlook - The company predicts a significant decrease in cumulative net profit for the year compared to the previous year due to reduced power generation revenue[42]. - The company is focused on expanding its market presence and enhancing product offerings through ongoing research and development initiatives[76]. - Future outlook remains positive with strategic plans for market expansion and potential acquisitions to drive growth[76]. - The company emphasizes maintaining financial stability while pursuing innovative technologies and new product developments[76].