敏芯股份(688286) - 2020 Q3 - 季度财报

Financial Performance - Operating income for the first nine months rose by 18.76% to approximately CNY 235.29 million compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 26.96% to approximately CNY 31.04 million compared to the same period last year[7]. - The net profit for the first nine months of 2020 increased by 30.42% to ¥133,048,116.64 compared to the same period in 2019[17]. - The company reported a net profit margin improvement due to increased revenue and controlled costs, although specific profit figures were not disclosed[30]. - The net profit for Q3 2020 was ¥13,078,649.47, a decrease of 12.5% from ¥14,847,855.95 in Q3 2019[35]. - The total profit for Q3 2020 was ¥13,802,525.39, down from ¥14,520,142.90 in the same period last year, indicating a decline of 4.9%[35]. - The total comprehensive income for the first three quarters of 2020 was CNY 31,779,524.72, compared to CNY 42,343,890.70 in the same period of 2019, reflecting a decrease of approximately 25%[36]. Assets and Liabilities - Total assets increased by 226.11% to approximately CNY 1.11 billion compared to the end of the previous year[7]. - The total assets as of September 30, 2020, amounted to CNY 1,107,108,107.07, significantly up from CNY 339,485,437.58 at the end of 2019[22]. - The total assets as of Q3 2020 were ¥1,109,408,889.95, compared to ¥331,085,404.02 in the same period last year[27]. - Total liabilities decreased by 51.72% in accounts payable to ¥3,000,000.00 due to matured bills being paid[17]. - The total liabilities stood at CNY 55,303,998.65, up from CNY 51,876,770.86 in the previous year[24]. - Total current liabilities totaled CNY 50,794,270.86, with accounts payable at CNY 36,100,368.66 and notes payable at CNY 6,213,331.00[46]. - Total liabilities reached $45,979,010.60, including current liabilities of $44,896,510.60[50]. Shareholder Equity - Net assets attributable to shareholders increased by 267.69% to approximately CNY 1.05 billion compared to the end of the previous year[7]. - The company's equity attributable to shareholders reached CNY 1,048,518,274.54, a substantial increase from CNY 285,160,993.58[24]. - Owner's equity totaled ¥1,049,206,850.54 in Q3 2020, significantly up from ¥285,106,393.42 in Q3 2019[27]. - Shareholders' equity totaled $285,106,393.42, with retained earnings of $101,957,167.92[51]. Cash Flow - The company experienced a net cash flow from operating activities of approximately -CNY 6.72 million, a decrease of 132.91% compared to the same period last year[7]. - The cash paid for investments surged to CNY 491,500,000, reflecting a 280.75% increase from CNY 129,088,300.00[18]. - Cash flow from investing activities showed a net outflow of CNY 445,673,619.81 for the first three quarters of 2020, compared to a net outflow of CNY 104,394,360.88 in 2019, indicating increased investment activity[38]. - Cash flow from financing activities generated a net inflow of CNY 733,551,283.06 in the first three quarters of 2020, a substantial increase from CNY 86,265,334.98 in the same period of 2019[42]. - The cash and cash equivalents at the end of the third quarter of 2020 amounted to CNY 445,461,826.64, up from CNY 74,797,877.42 at the end of the same period in 2019[38]. Expenses - Research and development expenses accounted for 12.61% of operating income, a decrease of 1.27 percentage points compared to the previous year[7]. - Research and development expenses for Q3 2020 amounted to ¥13,515,714.86, representing a 60.7% increase from ¥8,395,526.25 in Q3 2019[30]. - The cash paid to employees increased by 43.03% to CNY 47,817,685.04, attributed to increased staffing in subsidiaries[18]. - The total operating costs for Q3 2020 were ¥86,928,758.70, up 67.6% from ¥51,889,810.19 in Q3 2019[30]. Taxation - The corporate income tax rate for the parent company changed from 0% in 2019 to 12.5% in 2020[9]. - The cash received from tax refunds was CNY 13,543,918.64, primarily due to income tax refunds[18]. - The income tax expense for Q3 2020 was ¥723,875.92, compared to a tax benefit of -¥327,713.05 in Q3 2019[35]. - The company reported a significant increase in tax refunds received, totaling CNY 13,543,918.64 in 2020 compared to CNY 2,177,222.48 in 2019[37]. Investments - The company reported a 122.34% increase in investment income to ¥562,724.31, mainly from financial investment returns[17]. - The company executed the new revenue recognition and leasing standards starting January 1, 2020, with no retrospective adjustments required[51]. - The company holds long-term equity investments valued at CNY 72,400,000.00[49].