Carthane(SH:603037)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 49,482,503.88, representing a decline of 33% year-on-year[7]. - Operating revenue for the period was CNY 331,267,891.02, down 11% from the same period last year[7]. - Basic earnings per share decreased by 33% to CNY 0.47[7]. - Total profit for the first three quarters of 2020 was ¥57,745,331.50, a decrease of 30.12% compared to ¥82,639,962.91 in the same period of 2019, mainly due to a decline in revenue[11]. - The company's net profit for the first three quarters is projected to show significant changes compared to the previous year, with potential losses indicated[12]. - Total comprehensive income for the first three quarters of 2020 reached CNY 51,371,181.09, compared to CNY 83,853,973.23 in the same period of 2019, indicating a decline[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 904,321,266.89, a decrease of 4% compared to the end of the previous year[7]. - The total assets as of September 30, 2020, were ¥904,321,266.89, down from ¥940,826,470.42 at the end of 2019[13]. - The company's total assets as of September 30, 2020, were CNY 910,278,682.09, down from CNY 995,807,168.85 at the end of 2019[20]. - Total liabilities decreased to ¥65,684,675.62 from ¥93,816,719.08, reflecting a reduction in current liabilities[16]. - Total liabilities decreased to CNY 79,667,851.50 from CNY 158,871,776.85 year-over-year[21]. - Shareholders' equity totaled CNY 830,610,830.59, a slight decrease from CNY 836,935,392.00 at the end of 2019[21]. Cash Flow - The net cash flow from operating activities increased by 39% to CNY 120,791,816.22 compared to the previous year[7]. - The company's cash flow from operating activities decreased by 30.85% to ¥9,356,969.24 from ¥13,532,354.13 year-on-year, mainly due to timing differences in subsidy income received[12]. - Cash flow from operating activities for the first three quarters of 2020 was CNY 125,882,513.88, an increase of 47.3% from CNY 85,383,591.50 in the same period of 2019[37]. - The company reported a decrease in cash received from sales of goods and services, totaling CNY 394,195,861.64 in the first three quarters of 2020, compared to CNY 430,291,568.24 in the same period of 2019[33]. - The company incurred a total of CNY 282,786,504.71 in cash outflows from operating activities in the first three quarters of 2020, a decrease from CNY 357,689,635.68 in the same period of 2019[33]. Revenue and Costs - Total revenue for the first three quarters of 2020 was CNY 331,267,891.02, a decrease of 11.2% from CNY 372,955,206.41 in the same period of 2019[23]. - Total operating costs for Q3 2020 were CNY 105,270,246.78, slightly up from CNY 104,071,470.08 in Q3 2019[23]. - Operating costs decreased to ¥90.61 million in Q3 2020 from ¥93.97 million in Q3 2019, a reduction of 3.0%[28]. Shareholder Information - The total number of shareholders at the end of the reporting period was 10,909[10]. - The largest shareholder, Yang Yingtao, holds 21.07% of the shares, totaling 22,097,891 shares[10]. Research and Development - R&D expenses for Q3 2020 were CNY 10,112,679.16, an increase of 37.3% compared to CNY 7,367,981.65 in Q3 2019[24]. - R&D expenses in Q3 2020 were ¥8.40 million, a 52.5% increase from ¥5.50 million in Q3 2019[28]. Government Support - The company received government subsidies amounting to CNY 4,032,008.00 during the reporting period[8]. Investment Activities - Cash inflow from investment activities in the first three quarters of 2020 was CNY 70,575,191.78, down from CNY 133,404,855.41 in the same period of 2019[37]. - The net cash flow from investment activities for the first three quarters of 2020 was CNY -169,073,812.24, compared to CNY 80,321,963.85 in the same period of 2019, indicating a significant decline[37]. Financial Expenses - The company reported a decrease in financial expenses, with a net financial cost of -¥117,573.28 in Q3 2020 compared to -¥1.80 million in Q3 2019[28]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies[27].