道森股份(603800) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 114.18% to a loss of CNY 15,016,292.21 for the first nine months[6] - Operating revenue for the first nine months fell by 40.97% to CNY 569,792,248.29 compared to the same period last year[6] - Operating revenue for Q3 2020 decreased by 40.97% to ¥569,792,248.29 compared to ¥965,293,542.93 in Q3 2019 due to reduced orders[11] - Net profit for Q3 2020 was a loss of ¥15,343,445.01, a decline of 114.52% from a profit of ¥105,697,199.68 in Q3 2019, primarily due to increased R&D and financial expenses[11] - The net profit for Q3 2020 was -16,176,875.11 CNY, compared to a profit of 30,210,967.27 CNY in the same period of 2019[32] - Total revenue for Q3 2020 was approximately ¥125.16 million, a decrease compared to ¥291.06 million in Q3 2019, representing a decline of 57.0%[31] - The overall comprehensive income for Q3 2020 was -16,176,875.11 CNY, reflecting a decline compared to the previous year's comprehensive income of 30,210,967.27 CNY[32] Cash Flow - Cash flow from operating activities showed a negative change of 340.96%, resulting in a net outflow of CNY 40,952,642.23[6] - Cash flow from operating activities for Q3 2020 was negative at ¥40,952,642.23, a decrease of 340.96% compared to positive cash flow of ¥16,995,823.66 in Q3 2019[11] - Cash flow from operating activities for the first nine months of 2020 was -40,952,642.23 CNY, a decrease from 16,995,823.66 CNY in the first nine months of 2019[33] - The company’s cash outflows for operating activities totaled CNY 510,639,115.57, a decrease of 28.9% from CNY 717,646,344.90 in the previous year[37] Assets and Liabilities - Total assets decreased by 9.03% to CNY 1,594,640,627.24 compared to the end of the previous year[6] - Total assets as of September 30, 2020, were ¥1,594,640,627.24, down from ¥1,752,999,867.98 at the end of 2019[17] - The company's total assets as of September 30, 2020, amounted to CNY 1,436,238,823.78, down from CNY 1,614,943,972.11 at the end of 2019[22] - Total liabilities decreased to CNY 558,655,030.54 from CNY 638,788,630.90, representing a reduction of approximately 12.5%[22] - Total liabilities were reported at $638,788,630.90, while total equity stood at $976,155,341.21[45] Inventory and Investments - Inventory increased by 39.21% to CNY 400,231,008.81 due to reduced consumption of raw materials[10] - The company’s inventory increased to ¥400,231,008.81 from ¥287,506,757.15 at the end of 2019, indicating potential overstocking issues[16] - Long-term equity investments rose to CNY 500,501,423.18 from CNY 470,196,616.18, indicating an increase of approximately 6.4%[21] - The company reported a long-term equity investment of $470,196,616.18, indicating a strong investment position[44] Shareholder Information - The number of shareholders reached 15,561, with the largest shareholder holding 39.15% of the shares[8] - The company’s equity attributable to shareholders was CNY 1,011,344,953.20, indicating stability in shareholder value[41] Other Income and Expenses - Non-operating income for the first nine months totaled CNY 13,289,983.79, primarily from government subsidies and investment income[7] - Financial expenses increased by 554.08% to ¥13,514,397.42 in Q3 2020, attributed to increased exchange loss due to currency fluctuations[11] - The company reported R&D expenses of CNY 8,108,013.54 for Q3 2020, down from CNY 10,808,105.16 in Q3 2019, a decrease of about 25%[26] - The company incurred credit impairment losses of approximately ¥2.04 million in Q3 2020, compared to ¥6.51 million in the previous year[31] Cash and Cash Equivalents - The company’s cash and cash equivalents decreased to ¥415,707,173.35 from ¥442,031,407.24 at the end of 2019[16] - Cash and cash equivalents were CNY 312,574,427.64 as of September 30, 2020, compared to CNY 323,041,350.38 at the end of 2019, showing a slight decrease[20] - Cash and cash equivalents at the end of Q3 2020 totaled CNY 289,687,867.94, down from CNY 302,012,800.14 at the beginning of the quarter, reflecting a net decrease of CNY 12,324,932.20[37]