Financial Performance - Operating revenue for the first nine months was ¥333,708,484.57, a decline of 38.34% compared to the same period last year[8] - Net profit attributable to shareholders was -¥13,731,602.47, an improvement of 65.25% from -¥39,509,734.26 in the previous year[8] - The basic and diluted earnings per share improved by 65.25% to -¥0.11 from -¥0.31[9] - Total revenue for the period was CNY 333,708,484.57, a decrease of 38.34% compared to CNY 541,201,674.31 in the previous year, primarily due to a decline in sales of certain supporting models[17] - Net profit for the period was CNY -13,731,602.47, an improvement of 65.25% from CNY -39,509,734.26 in the previous year, attributed to an increase in gross margin and changes in impairment[17] - Total operating revenue for Q3 2020 was ¥148,874,243.47, a decrease of 22.6% compared to ¥192,391,615.47 in Q3 2019[28] - Net profit for Q3 2020 was ¥1,293,396.06, compared to a net loss of ¥8,295,440.30 in Q3 2019[29] - The total profit for Q3 2020 was ¥2,276,997.77, compared to a loss of ¥8,503,657.52 in Q3 2019[29] - Basic earnings per share for Q3 2020 were ¥0.01, compared to a loss of ¥0.06 per share in Q3 2019[30] Cash Flow - The company reported a net cash flow from operating activities of ¥94,738,513.87, a slight increase of 0.11% year-on-year[8] - Cash flow from operating activities for the first nine months of 2020 was approximately ¥417.79 million, down from ¥564.98 million in the same period of 2019, a decrease of about 26%[36] - Cash flow from investing activities generated a net inflow of approximately ¥47.20 million in the first nine months of 2020, compared to ¥29.93 million in the same period of 2019, showing an increase of about 57%[38] - The net cash flow from investing activities was CNY 56,528,709.49, showing an increase of 7.2% from CNY 52,624,603.55 in the same period last year[42] - The net cash flow from financing activities was negative at CNY -165,509,184.24, worsening from CNY -119,520,654.68 in the same period of 2019[42] Assets and Liabilities - Total assets decreased by 14.10% from the end of the previous year, amounting to ¥1,195,935,554.23[8] - Total liabilities decreased from CNY 360,669,258.50 in December 2019 to CNY 178,096,949.54 in September 2020, a reduction of approximately 50.6%[24] - Current assets decreased from CNY 1,001,152,978.60 in December 2019 to CNY 872,934,596.22 in September 2020, a decline of about 12.8%[25] - The company’s cash and cash equivalents stood at CNY 196,785,650.45, down from CNY 209,901,451.40 at the end of the previous year[22] - The total assets decreased from CNY 1,400,802,914.03 in December 2019 to CNY 1,230,184,356.59 in September 2020, a decline of approximately 12.2%[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,435[12] - The largest shareholder, GOLD CRANE GROUP LIMITED, holds 48.54% of the shares, totaling 62,130,029 shares[12] Government Support and Other Income - The company received government subsidies amounting to ¥2,796,880.46 during the first nine months[10] - Other income increased by 193.30% to CNY 2,796,880.46, primarily due to an increase in government subsidies[17] Expenses and Costs - Total operating costs for Q3 2020 were ¥144,282,790.86, down 25.7% from ¥194,174,743.55 in Q3 2019[28] - Research and development expenses for Q3 2020 were ¥4,445,252.00, a decrease of 29% from ¥6,253,819.50 in Q3 2019[28] - The company incurred a credit impairment loss of ¥726,548.59 in Q3 2020, compared to a gain of ¥725,300.05 in Q3 2019[29] Future Outlook - The company expects a significant change in cumulative net profit year-on-year due to a recovery in the domestic automotive market and increased sales of main supporting models[19]
金鸿顺(603922) - 2020 Q3 - 季度财报