ST起步(603557) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 40.12% to CNY 90,486,470.63 for the first nine months of the year[6]. - Operating revenue for the first nine months was CNY 889,975,598.41, down 16.13% year-on-year[6]. - Basic earnings per share decreased by 40.12% to CNY 0.1925[7]. - Diluted earnings per share decreased by 51.82% to CNY 0.1535[7]. - The weighted average return on equity decreased by 4.04 percentage points to 5.27%[7]. - Net profit for Q3 2020 was CNY 23,485,465.70, down 46.4% from CNY 43,923,911.14 in Q3 2019[32]. - The company reported a total profit of CNY 29,158,542.03 for Q3 2020, down 47.3% from CNY 55,285,350.26 in Q3 2019[32]. - The company's total comprehensive income for Q3 2020 was approximately ¥23.49 million, compared to ¥43.92 million in Q3 2019, showing a decline of 46.5%[33]. Cash Flow - The net cash flow from operating activities was negative CNY 348,330,206.13, compared to negative CNY 33,136,918.01 in the same period last year[6]. - The net cash flow from operating activities for the first three quarters of 2020 was -¥129.07 million, compared to a positive cash flow of ¥2.70 million in the same period of 2019[41]. - The company issued convertible bonds, resulting in a net cash flow from financing activities of RMB 227,086,963.96, a 779.45% increase compared to the previous year[20]. - The net cash flow from financing activities in the first three quarters of 2020 was ¥197.24 million, compared to ¥25.53 million in the same period of 2019, indicating a significant improvement[42]. Assets and Liabilities - Total assets increased by 11.05% to CNY 2,858,835,413.40 compared to the end of the previous year[6]. - As of September 30, 2020, total assets amounted to RMB 2,858,835,413.40, an increase from RMB 2,574,362,679.21 at the end of 2019, representing a growth of approximately 11.06%[24]. - Total liabilities increased to RMB 1,145,688,827.51 from RMB 900,419,344.99, marking a rise of about 27.2%[26]. - Non-current liabilities rose to RMB 560,325,783.37 from RMB 135,897,468.35, indicating a significant increase of about 313.5%[26]. - Current liabilities reached ¥764,521,876.64, while total liabilities were ¥900,419,344.99[46]. Shareholder Information - The total number of shareholders was 19,618 at the end of the reporting period[11]. - The largest shareholder, Hong Kong Qibu International Group Co., Ltd., held 50.84% of the shares, with 121,653,595 shares pledged[12]. - The total equity attributable to shareholders was RMB 1,714,214,296.43, compared to RMB 1,674,663,055.77, showing a growth of approximately 2.36%[26]. - The total owner's equity attributable to shareholders was ¥1,674,663,055.77, showcasing robust shareholder value[46]. Inventory and Receivables - As of September 30, 2020, accounts receivable increased by 31.72% to RMB 764,157,952.16 compared to RMB 580,131,732.54 on December 31, 2019, primarily due to reduced payments from distributors affected by the pandemic[16]. - Inventory rose by 43.67% to RMB 333,274,535.08, attributed to winter orders and direct store stocking[17]. - Other receivables decreased by 50.18% to RMB 66,897,012.99, mainly due to the return of investments from Shenzhen Zehui Technology Co., Ltd.[16]. Expenses - The company reported a 54.16% increase in financial expenses to RMB 29,538,422.08, primarily due to interest accrued on the newly issued convertible bonds[18]. - Research and development expenses for Q3 2020 were CNY 7,138,363.95, a decrease of 22.5% compared to CNY 9,222,603.87 in Q3 2019[31]. - The company's financial expenses for Q3 2020 were CNY 9,511,201.27, an increase of 45.5% compared to CNY 6,566,857.20 in Q3 2019[31]. - The company incurred interest expenses of approximately ¥10.56 million in Q3 2020, compared to ¥7.63 million in Q3 2019, indicating a 38.5% increase[35].