Neoway(SH:688159)2020-10-28 16:00Financial Performance - Operating revenue decreased by 15.59% to CNY 432,009,625.37 for the period from January to September[6] - Net profit attributable to shareholders was a loss of CNY 41,356,972.20, a decrease of 242.89% compared to the same period last year[6] - Basic and diluted earnings per share were both negative CNY 0.46, a decrease of 206.98% compared to the same period last year[7] - Total revenue for Q3 2020 was CNY 153,107,541.11, a decrease from CNY 171,889,649.43 in Q3 2019, representing a decline of approximately 10.9%[28] - Net profit for Q3 2020 was a loss of ¥14,857,446.23, compared to a profit of ¥9,067,631.92 in Q3 2019, representing a significant decline[30] - The company reported a total profit loss of ¥18,207,121.78 for Q3 2020, compared to a profit of ¥13,654,747.69 in Q3 2019[34] - The company's net profit as of the report date is negative, with a high likelihood of negative cumulative net profit for the entire year due to increased sales and R&D expenses and a decline in overseas revenue[15] Assets and Liabilities - Total assets increased by 32.34% to CNY 1,307,865,616.86 compared to the end of the previous year[6] - Current assets totaled 1,063,417,831.69 RMB, up from 789,176,644.23 RMB at the end of 2019[19] - Total liabilities reached $368.71 million, with current liabilities at $364.31 million and non-current liabilities at $4.40 million[49] - The total liabilities to total assets ratio is approximately 48.1%, indicating a moderate level of leverage[45] - The total liabilities to equity ratio stands at approximately 0.69, suggesting a balanced approach to leveraging[49] Shareholder Information - The company had a total of 6,700 shareholders at the end of the reporting period[11] - The top shareholder, Shenzhen Jisrui Investment Co., Ltd., held 21,641,000 shares, accounting for 23.61% of total shares[11] - The company issued new shares, resulting in a 33.33% increase in share capital to CNY 91,679,495.00 from CNY 68,759,495.00[14] Cash Flow - The net cash flow from operating activities was a negative CNY 134,277,624.08, a decrease of 553.51% compared to the same period last year[6] - Net cash flow from investing activities was -335,475,433.85 RMB, a decrease of 434.48% year-on-year, primarily due to the purchase of financial products with idle raised funds[15] - Cash inflow from financing activities was 648,707,203.23 RMB in 2020, significantly higher than 182,061,222.54 RMB in 2019, showing a 257% increase in financing[38] - The company's cash flow from operating activities has shown a negative trend, which may impact future operational strategies and liquidity management[41] Research and Development - R&D investment accounted for 14.96% of operating revenue, an increase of 6.98 percentage points[7] - Research and development expenses grew by 58.26% to CNY 64,645,814.16 from CNY 40,848,739.34, reflecting increased personnel and material costs[14] - Research and development expenses for the first three quarters of 2020 amounted to CNY 64,645,814.16, compared to CNY 40,848,739.34 in the same period of 2019, an increase of about 58.5%[28] - Research and development expenses increased to ¥23,734,368.21 in Q3 2020, up 71.1% from ¥13,866,474.55 in Q3 2019[33] Investment Activities - Trading financial assets increased significantly by 2,858,881.06% to CNY 285,898,105.76 from CNY 10,000.00, primarily due to new investments in financial products[13] - Investment income surged by 202.57% to CNY 4,810,536.77 from CNY 1,589,914.61, driven by higher returns from financial products[14] - The total cash outflow for investment activities was 1,287,536,545.62 RMB in 2020, compared to 537,856,500.43 RMB in 2019, reflecting a significant increase in capital expenditures[38] Financial Stability - The company reported government subsidies of CNY 4,021,264.47 for the period from July to September[8] - The company has successfully expanded into multiple IoT niche markets, leading to increased sales and R&D investments[15] - The company plans to expand its market presence and invest in new technologies to drive future growth[24] - The company is focusing on strategic acquisitions to enhance its competitive position in the market[24]