荣晟环保(603165) - 2020 Q3 - 季度财报

Financial Performance - Revenue for the first nine months was CNY 1,246,455,203.96, a decline of 5.73% year-on-year[6] - Net profit attributable to shareholders decreased by 7.38% to CNY 171,780,390.54 compared to the same period last year[6] - Basic earnings per share decreased by 8.00% to CNY 0.69[7] - Total operating income for the first nine months of 2020 was 171,220,070.69 RMB, a decrease of 51.71% compared to 354,568,865.83 RMB in the same period of 2019[12] - Other income decreased by 32.56% to 67,106,924.19 RMB from 99,511,500.93 RMB, mainly due to a reduction in VAT refunds and government subsidies[12] - Total comprehensive income for Q3 2020 was ¥57.09 million, down from ¥61.65 million in Q3 2019, a decline of 7.5%[24] - The company’s total profit for the first three quarters of 2020 was ¥169.51 million, down from ¥190.14 million in the same period of 2019[27] - Total comprehensive income for the first three quarters of 2020 was CNY 155,791,688.38, compared to CNY 174,580,846.10 in the same period of 2019, reflecting a decrease of approximately 10.73%[28] Assets and Liabilities - Total assets increased by 4.68% to CNY 2,028,319,900.90 compared to the end of the previous year[6] - The company's total assets as of September 30, 2020, were 2,028,319,900.90 RMB, an increase from 1,937,727,425.39 RMB at the end of 2019[16] - The company's total liabilities decreased to 450,571,449.12 RMB from 474,689,995.71 RMB year-on-year[17] - The company's equity attributable to shareholders rose to 1,577,748,451.78 RMB from 1,463,037,429.68 RMB year-on-year[17] - Current liabilities reached approximately $174.16 million, primarily driven by accounts payable of $137.25 million[40] - Total liabilities were approximately $465.02 million, with non-current liabilities accounting for about $290.86 million[40] Cash Flow - Operating cash flow decreased by 51.71% to CNY 171,220,070.69 for the first nine months compared to the same period last year[6] - Cash flow from operating activities showed a net outflow of 171,220,070.69 RMB, down 51.71% from the previous year[12] - Cash inflow from operating activities totaled CNY 1,279,772,312.63 for the first three quarters of 2020, down from CNY 1,479,278,770.59 in 2019, representing a decline of about 13.5%[32] - Cash outflow from operating activities was CNY 1,088,201,504.16 for the first three quarters of 2020, compared to CNY 1,122,678,900.41 in 2019, showing a decrease of approximately 3.1%[32] - Cash flow from investing activities generated a net outflow of CNY 12,621,124.60 in the first three quarters of 2020, an improvement from a net outflow of CNY 166,311,074.81 in the same period of 2019[32] - Cash flow from financing activities resulted in a net outflow of CNY 78,563,060.43 in the first three quarters of 2020, compared to a net inflow of CNY 240,881,352.45 in 2019, indicating a significant shift in financing strategy[33] Investments and Expenses - Investment income increased by 73.78% to 12,246,075.04 RMB from 7,046,755.26 RMB year-on-year, primarily due to increased returns from financial products[12] - Research and development expenses for Q3 2020 amounted to ¥25,608,135.98, compared to ¥23,243,445.75 in Q3 2019, showing an increase of about 10%[22] - R&D expenses in Q3 2020 amounted to ¥25.61 million, an increase of 10.1% from ¥23.24 million in Q3 2019[26] Changes in Financial Position - The weighted average return on equity decreased by 2.85 percentage points to 11.41%[7] - The company reported a significant increase in credit impairment losses, with a loss of -1,167,709.85 RMB compared to a gain of 1,461,835.21 RMB in the previous year, indicating increased provisions for bad debts[12] - The company reported a credit impairment loss of ¥809,400.58 in Q3 2020, compared to a gain of ¥1,404,761.77 in Q3 2019[27] - The company received CNY 697,453,249.60 from investment recoveries in the first three quarters of 2020, a substantial increase from CNY 22,435,441.11 in the same period of 2019[32] Future Outlook - The company plans to continue investing in new product development and market expansion strategies to drive future growth[22] - The company did not report any significant changes in commitments or warnings regarding potential losses for the upcoming reporting period[12]