山石网科(688030) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -46,981,930.65, representing a decline of 321.08% year-on-year[6]. - The company's operating costs increased by 35.88% year-on-year, amounting to ¥139,415,970.46, primarily due to fixed costs rising and the expansion of integrated services[18]. - The net profit for the period was -¥46,981,930.65, a decrease of 321.08% compared to the previous year, attributed to increased operating costs and a decline in gross margin[19]. - The total comprehensive income for the period was -¥46,916,896.36, reflecting a significant loss compared to ¥20,605,315.97 in the same period last year, mainly due to operational losses[20]. - The company reported a net loss of ¥117,418,547.21 in retained earnings, compared to a loss of ¥49,662,829.76 in the previous period[28]. - The total profit for the first three quarters of 2020 was approximately -¥49.33 million, compared to ¥25.62 million in the same period of 2019[35]. - The net profit for Q3 2020 was a loss of approximately ¥5.38 million, compared to a profit of ¥37.02 million in Q3 2019, reflecting a significant decline[40]. - The total comprehensive income for Q3 2020 was a loss of approximately ¥5.38 million, compared to a profit of ¥37.02 million in Q3 2019[40]. Revenue and Expenses - Operating revenue for the first nine months was CNY 415,876,950.53, a slight increase of 0.20% compared to the same period last year[6]. - Total operating revenue for Q3 2020 was approximately ¥192.99 million, a 3.1% increase from ¥186.84 million in Q3 2019[34]. - Total operating costs for Q3 2020 were approximately ¥193.55 million, up 18.9% from ¥162.77 million in Q3 2019[34]. - Research and development expenses accounted for 36.95% of operating revenue, an increase of 4.17 percentage points[7]. - Research and development expenses for Q3 2020 reached ¥58.72 million, an increase of 18.3% compared to ¥49.60 million in Q3 2019[34]. - The company’s sales expenses in Q3 2020 were approximately ¥34.74 million, slightly up from ¥33.46 million in Q3 2019[39]. Cash Flow and Investments - The net cash flow from operating activities for the first nine months was CNY -77,552,571.15, compared to CNY -70,674,785.45 in the same period last year[6]. - The company reported a cash flow from investment activities of approximately ¥2.046 billion, primarily due to the purchase of financial products using surplus funds[21]. - The company experienced a net cash outflow from investing activities of approximately -¥694.91 million in the first three quarters of 2020[42]. - Cash inflow from operating activities for the first three quarters of 2020 was CNY 212.75 million, a decrease of 11.6% compared to CNY 240.68 million in the same period of 2019[44]. - The company’s cash flow from operating activities was negatively impacted by increased payments to employees, totaling CNY 168.09 million in Q3 2020, up from CNY 152.86 million in Q3 2019[45]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,602,056,098.33, a decrease of 1.41% compared to the end of the previous year[6]. - Total liabilities increased from ¥245,997,199.32 to ¥285,103,919.68, reflecting a rise of about 15.8%[28]. - Current liabilities rose from ¥223,052,367.25 to ¥269,111,606.11, an increase of approximately 20.7%[28]. - Cash and cash equivalents decreased by 74.38% to ¥275,501,975.26 from ¥1,075,173,260.84 due to the purchase of financial products[16]. - The company’s total current assets as of September 30, 2020, were approximately ¥1.515 billion, compared to ¥1.571 billion at the end of 2019[26]. - The company’s long-term equity investments amounted to ¥9.98 million as of September 30, 2020, indicating ongoing investment strategies[26]. Shareholder Information - The total number of shareholders at the end of the reporting period was 8,682[10]. - The largest shareholder, Yuchao High-tech Co., Ltd., held 30,522,850 shares, accounting for 16.94% of total shares[11]. Government Support - The company received government subsidies amounting to CNY 3,650,000.00 during the reporting period[8].