百达精工(603331) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 32.38% to CNY 42,428,259.82 for the first nine months of the year[6] - Operating revenue for the first nine months was CNY 635,335,869.80, a slight decrease of 0.05% compared to the same period last year[6] - Basic and diluted earnings per share dropped by 51.02% to CNY 0.24[7] - Net profit decreased by 32.97% to RMB 42,040,230.44, primarily due to increased fixed costs from new project investments[14] - The company anticipates a potential net profit change of 0% to -25% for the year due to adverse impacts from the COVID-19 pandemic[19] - Total operating revenue for Q3 2020 was ¥259,023,780.35, an increase of 29.5% compared to ¥200,002,160.45 in Q3 2019[30] - Net profit for Q3 2020 reached ¥21,961,039.49, a 30.5% increase from ¥16,835,548.53 in Q3 2019[31] - The total profit for Q3 2020 was ¥26,592,583.90, compared to ¥21,041,748.89 in Q3 2019, marking a 26.5% increase[31] - The total profit for the first three quarters of 2020 was ¥59,319,670.93, which is a 48.5% increase from ¥39,958,037.80 in the first three quarters of 2019[34] Cash Flow - Net cash flow from operating activities showed a significant decline of 142.60%, resulting in a negative cash flow of CNY -23,255,454.54[6] - The net cash flow from operating activities for the first three quarters of 2020 was -¥23,255,454.54, a significant decrease from ¥54,585,265.90 in the same period of 2019[36] - In Q3 2020, the company reported a net cash flow from operating activities of -32,930,251.46 RMB, a decrease from 16,627,276.77 RMB in Q3 2019[41] - The company’s total cash inflow from operating activities for the first nine months of 2020 was 164,115,840.97 RMB, compared to 212,781,675.92 RMB in the same period of 2019[40] Assets and Liabilities - Total assets increased by 21.68% to CNY 1,829,221,028.28 compared to the end of the previous year[6] - Non-current assets totaled ¥934,412,270.93, compared to ¥770,398,301.12, reflecting an increase of about 21.3%[22] - Current liabilities rose to ¥590,775,501.49 from ¥549,225,557.14, indicating an increase of approximately 7.4%[22] - Total liabilities reached ¥917,904,478.13, up from ¥663,896,523.19, marking a significant increase of around 38.3%[23] - Shareholders' equity totaled ¥911,316,550.15, compared to ¥839,368,905.06, showing an increase of about 8.6%[23] Investments and Projects - The "Annual Production of 10 Million High-Efficiency Energy-Saving Compressor New Material Core Components Project" has accumulated investments of RMB 233.78 million, with RMB 149.37 million funded by convertible bonds[17] - The "Annual Production of 10 Million Sets of High-Efficiency Energy-Saving Rotary Compressor Pump Body Components Project" has completed its first-phase production line and started mass production with total investments of RMB 156.06 million[18] - The company issued convertible bonds with a total amount of RMB 279,984,000 remaining unconverted as of September 30, 2020, representing 99.9943% of the total issuance[16] Shareholder Information - The total number of shareholders reached 8,484 by the end of the reporting period[10] - The largest shareholder, Baida Holdings Group, holds 37.55% of the shares, amounting to 67,200,000 shares[10] Financial Expenses - The company's financial expenses increased by 105.29% to RMB 16,885,033.65, mainly due to interest accrual from the issuance of convertible bonds[14] - The financial expenses for the first three quarters of 2020 amounted to ¥12,558,500.59, compared to ¥3,258,031.93 in the same period of 2019, indicating a substantial increase[33] Research and Development - Research and development expenses for Q3 2020 were ¥7,820,574.42, compared to ¥6,365,744.50 in Q3 2019, reflecting a 22.9% increase[30] - Research and development expenses for the first three quarters of 2020 totaled ¥15,692,141.14, an increase of 12.2% compared to ¥13,980,153.22 in the first three quarters of 2019[33]