Workflow
天宜上佳(688033) - 2020 Q3 - 季度财报
TYSJTYSJ(SH:688033)2020-10-28 16:00

Financial Performance - Operating revenue for the first nine months was CNY 236,610,026.62, representing a decline of 46.25% year-on-year [18]. - Net profit attributable to shareholders was CNY 63,268,103.79, down 70.03% from the same period last year [18]. - Basic and diluted earnings per share were CNY 0.14, a decrease of 72.55% compared to the same period last year [20]. - Total operating revenue for Q3 2020 was RMB 94,308,608.90, a decrease of 22.9% from RMB 122,328,808.30 in Q3 2019 [63]. - Net profit for Q3 2020 was RMB 23,533,030.57, down 59.3% from RMB 57,670,105.77 in Q3 2019 [66]. - The total profit for Q3 2020 was RMB 28,368,132.51, down 58.0% from RMB 67,596,513.33 in Q3 2019 [66]. - The net profit for the first three quarters of 2020 was ¥97,885,159.90, down 54.7% from ¥215,657,305.29 in the same period of 2019 [72]. Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months increased by 39.97% to CNY 111,280,585.42 [18]. - The company's cash flow from operating activities decreased by 46.78% to RMB 39,838,379.88, reflecting reduced income and lower VAT and additional tax payments due to the pandemic [40]. - Operating cash flow for the first three quarters of 2020 was RMB 75,362,777.79, a significant improvement compared to a negative cash flow of RMB -45,128,903.83 in the same period of 2019 [83]. - Total cash inflow from operating activities reached RMB 325,719,868.15, up from RMB 298,059,492.07 year-over-year [83]. - The company reported a net increase in cash and cash equivalents of RMB 2,585,781.46, compared to an increase of RMB 769,980,738.79 in the previous year [86]. - The ending balance of cash and cash equivalents was RMB 1,090,377,331.07, reflecting a stable liquidity position [86]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,518,461,716.38, a decrease of 1.51% compared to the end of the previous year [18]. - The company's cash and cash equivalents as of September 30, 2020, were RMB 1,114,160,181.94, down from RMB 1,167,777,541.20 at the end of 2019 [44]. - The total liabilities decreased by 33.75% in accounts payable, from RMB 120,260,014.18 to RMB 79,675,697.18, due to increased payments for prior engineering equipment [35]. - Total liabilities decreased from 214,033,083.43 to 157,519,175.85, a decline of approximately 26.4% [50]. - Current liabilities decreased from 165,963,864.19 to 109,200,157.87, a reduction of approximately 34.2% [48]. - Non-current assets increased from 794,045,825.86 to 860,714,559.78, an increase of about 8.4% [48]. Research and Development - The R&D expenditure accounted for 18.27% of operating revenue, an increase of 12.00 percentage points compared to the previous year [20]. - Research and development expenses rose by 56.72% to RMB 43,237,287.92, reflecting increased investment in R&D and higher direct material costs [36]. - Research and development expenses for Q3 2020 were RMB 19,596,443.04, significantly higher than RMB 11,386,280.87 in Q3 2019 [63]. - Research and development expenses in Q3 2020 were ¥13,294,912.35, an increase of 44.5% compared to ¥9,200,490.07 in Q3 2019 [72]. Shareholder Information - The total number of shareholders at the end of the reporting period was 17,280 [29]. - The largest shareholder, Wu Peifang, held 27.86% of the shares, totaling 125,039,272 shares [29].