苏利股份(603585) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was RMB 130,004,429.80, a decrease of 46.56% year-on-year[9] - Operating revenue for the first nine months was RMB 1,111,140,145.23, down 19.65% from the same period last year[9] - Basic earnings per share decreased to RMB 0.72, down 46.67% from RMB 1.35 in the same period last year[10] - The weighted average return on net assets was 6.52%, a decrease of 6.63 percentage points compared to the previous year[9] - The company reported a loss of RMB 2,396,447.62 from other operating expenses during the reporting period[11] - Revenue from sales of goods and services decreased by 49.17% to ¥722.16 million, reflecting a decline in income scale[16] - The company anticipates a potential decline in cumulative net profit compared to the previous year due to inventory digestion and ongoing pandemic effects[17] - The total comprehensive income attributable to the parent company for the first three quarters of 2020 was CNY 130,004,429, down 15.38% from CNY 153,261,665 in the same period of 2019[38] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 2,956,379,863.03, an increase of 3.58% compared to the end of the previous year[9] - Current assets decreased to CNY 1,729,364,781.20 from CNY 1,843,121,421.66, reflecting a decline of about 6.2%[21] - Non-current assets increased to CNY 1,227,015,081.83 from CNY 1,011,124,925.74, showing a growth of approximately 21.4%[23] - Total liabilities rose to CNY 362,399,737.75 from CNY 317,014,976.67, indicating an increase of around 14.3%[24] - The company's equity attributable to shareholders increased to CNY 1,986,487,172.75 from CNY 1,960,142,189.23, a rise of about 1.3%[24] - The total liabilities increased to CNY 39,365,387.88 from CNY 30,767,119.60, reflecting a growth of 28.06%[33] - The company reported long-term equity investments of CNY 49,750,012.66 and fixed assets of CNY 379,048,743.98[46] Cash Flow - The net cash flow from operating activities was RMB 120,659,686.55, a significant decline of 73.84% compared to the previous year[9] - Cash flow from operating activities decreased by 73.84% to ¥120.66 million, impacted by lower income and cash collection rates[16] - Cash flow from operating activities for the first three quarters of 2020 was CNY 803,963,416.09, down 47.00% from CNY 1,520,285,749.71 in the same period of 2019[41] - The company reported a net cash flow from investment activities of -CNY 91,165,632.53, an improvement from -CNY 146,046,497.32 year-over-year[43] - The total cash inflow from investment activities was CNY 129,287,541.67, compared to CNY 384,170,095.12 in the previous year, indicating a decrease of approximately 66.4%[43] - The company experienced a net decrease in cash and cash equivalents of -CNY 225,728,878.92 for the third quarter of 2020, compared to -CNY 36,433,874.33 in Q3 2019[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,107[12] - Major shareholder, Miao Jinfeng, holds 40.00% of the shares, totaling 72,000,000 shares[12] Government Support and Donations - The company received government subsidies amounting to RMB 2,583,554.44 during the reporting period[11] - The company donated ¥2.67 million for COVID-19 relief efforts, leading to a 446.48% increase in other expenses[16] Research and Development - The company plans to continue investing in R&D to enhance product offerings and maintain competitive advantage in the market[39] - Research and development expenses for Q3 2020 were CNY 18,939,768, a decrease of 12.14% compared to CNY 21,566,928 in Q3 2019[33] Market Outlook - The company plans to maintain stable market development potential for its core products, pesticides and flame retardants, despite current challenges[17]