ST万林(603117) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months decreased by 17.27% to CNY 572,087,440.82 year-on-year[6] - Net profit attributable to shareholders decreased by 44.06% to CNY 37,212,033.23 compared to the same period last year[6] - Basic earnings per share decreased by 40.00% to CNY 0.06[7] - The weighted average return on equity decreased by 1.32 percentage points to 1.63%[7] - The company reported a net profit margin of approximately 10.4% for the first three quarters of 2020, down from 10.5% in the same period of 2019[25] - Net profit for Q3 2020 was 8,579,364.32, compared to 20,356,199.15 in the same quarter last year, representing a decline of approximately 57.8%[26] - The company reported a total comprehensive income of 11,689,773.66 for Q3 2020, compared to 21,761,035.24 in the same quarter last year[27] Cash Flow - Net cash flow from operating activities improved to CNY -571,920,344.66 from CNY -938,887,802.04 in the previous year[6] - The net cash flow from operating activities was RMB -571,920,344.66, with cash inflows from other receivables and notes totaling RMB 616,670,457.14[14] - The company’s cash flow from operating activities for the first nine months of 2020 was 2,712,181,871.77 RMB, which is 22.7% higher than the 2,210,987,896.20 RMB reported in the same period of 2019[35] - Cash flow from financing activities in Q3 2020 was 527,566,930.06 RMB, down from 800,923,924.04 RMB in Q3 2019, reflecting a 34.0% decrease[36] Assets and Liabilities - Total assets decreased by 5.80% to CNY 5,817,006,882.57 compared to the end of the previous year[6] - The total assets decreased from RMB 6,175,000,489.29 to RMB 5,817,006,882.57, indicating a reduction in overall asset value[18] - Total liabilities decreased to ¥2,050,524,672.49 from ¥2,657,568,801.45, indicating a reduction of approximately 22.8%[24] - Total liabilities amounted to CNY 3,687,422,273.81, with current liabilities at CNY 3,481,865,490.56, and non-current liabilities at CNY 205,556,783.25[40] Shareholder Information - The company reported a total of 27,571 shareholders at the end of the reporting period[10] - The top ten shareholders held a total of 13.63% of shares, with Shanghai Huirui Industrial Co., Ltd. being the largest shareholder[10] Government Support - The company received government subsidies amounting to CNY 3,395,743.91 during the reporting period[8] Other Financial Metrics - The company executed a new accounting policy that reclassified prepayments into contract liabilities, resulting in a 100% decrease in advance receipts[13] - The company incurred financial expenses of 23,163,639.97 in Q3 2020, up from 18,627,010.86 in the previous year, reflecting a rise of about 24%[26] - The company received CNY 1,915,270.45 in tax refunds during the first three quarters of 2020, down from CNY 5,174,646.56 in the same period of 2019[32] Investment Activities - Investment activities resulted in a cash outflow of CNY 75,996,936.34 in the first three quarters of 2020, compared to CNY 146,885,021.44 in the same period of 2019[32] - The net cash flow from investing activities improved by 53.32% to RMB -68,649,238.18, reflecting a decrease in expenditures[15] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[25]