中公高科(603860) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months fell by 28.21% to CNY 83,780,057.93 year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 1,631,084.42, a decline of 110.83% compared to the same period last year[6] - The weighted average return on equity decreased by 2.77 percentage points to -0.26%[6] - Total revenue for Q3 2020 was CNY 43,041,994.34, a slight decrease of 0.57% compared to CNY 43,287,294.30 in Q3 2019[19] - Operating profit for Q3 2020 was CNY 10,011,380.73, an increase of 1.85% from CNY 9,829,417.25 in Q3 2019[19] - Net profit for Q3 2020 reached CNY 9,545,946.81, up 17.5% from CNY 8,121,237.74 in Q3 2019[19] - The net profit attributable to the parent company for Q3 2020 was CNY 9,980,839.56, an increase of 22.9% compared to CNY 8,117,661.53 in Q3 2019[20] - Total operating revenue for Q3 2020 was CNY 39,886,350.35, slightly down from CNY 39,894,671.58 in Q3 2019, representing a decrease of 0.02%[22] - The operating profit for Q3 2020 was CNY 11,302,546.07, up from CNY 10,168,567.06 in Q3 2019, indicating a growth of 11.1%[23] - The total comprehensive income for Q3 2020 was CNY 10,866,297.44, compared to CNY 8,576,000.59 in Q3 2019, reflecting an increase of 26.7%[23] Assets and Liabilities - Total assets decreased by 4.35% to CNY 722,407,002.50 compared to the end of the previous year[6] - Total assets as of September 30, 2020, were CNY 722,407,002.50, down from CNY 755,278,845.33 at the end of 2019[15] - Total liabilities decreased to CNY 88,659,671.79 from CNY 107,726,600.25 at the end of 2019, representing a reduction of approximately 17.7%[15] - Current assets totaled CNY 375,586,982.90, a decrease from CNY 450,828,554.33 at the end of 2019[15] - The company reported a total equity of CNY 633,747,330.71, down from CNY 647,552,245.08 at the end of 2019[15] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 33,013,354.49, compared to a net inflow of CNY 15,052,715.83 in the previous year[6] - The net cash flow from operating activities for the first three quarters of 2020 was negative at CNY -33,013,354.49, compared to CNY -15,052,715.83 in the same period of 2019[26] - In Q3 2020, the net cash flow from operating activities was -29,652,468.90 RMB, a decline compared to -11,382,001.41 RMB in Q3 2019, indicating a worsening operational cash flow situation[29] - The net cash flow from investment activities was CNY 80,753,884.32 for the first three quarters of 2020, a significant improvement from CNY -32,665,288.48 in the same period of 2019[26] - The company reported a total cash inflow from investment activities of CNY 262,124,760.54 in the first three quarters of 2020, compared to CNY 192,691,263.62 in 2019, marking an increase of 36.0%[26] - The company reported a total cash inflow from investment activities of 317,124,760.54 RMB in Q3 2020, compared to 192,691,263.62 RMB in Q3 2019, marking a 64.5% increase[29] - The cash outflow for investment activities was 237,329,643.93 RMB in Q3 2020, slightly higher than 222,505,417.50 RMB in Q3 2019, indicating increased investment activity[29] Inventory and Construction - Inventory increased by 34.11% to CNY 45,955,269.14 due to an increase in work-in-progress[11] - The company reported a significant increase in construction in progress, rising by 50.30% to CNY 133,769,400.72 due to ongoing projects[11] - Inventory increased to CNY 45,955,269.14 from CNY 34,267,408.45, reflecting a growth of 34.1%[15] Shareholder Information - The number of shareholders reached 4,210, with the top ten shareholders holding 68.68% of the total shares[8] Government Support - The company received government subsidies amounting to CNY 7,144,866.39 for the first nine months, an increase of 71.82% year-on-year[11] Research and Development - Research and development expenses for Q3 2020 were CNY 3,934,928.24, compared to CNY 3,630,114.06 in Q3 2019, indicating an increase of 8.4%[19] Future Outlook - The company has not disclosed any major changes in its future outlook or strategic plans in the report[12] Changes in Accounting - The company reclassified accounts receivable and prepayments to contract assets and liabilities, respectively, in accordance with new revenue recognition standards effective January 1, 2020[32][34] - The company reported a decrease in accounts receivable from 106,517,063.31 RMB at the end of 2019 to 98,301,200.95 RMB by November 1, 2020, reflecting improved collection efforts[31] - The company’s contract liabilities increased to 20,271,374.83 RMB as of November 1, 2020, indicating a growth in unearned revenue from signed contracts[31]