复洁环保(688335) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months rose by 7.19% year-on-year to CNY 252,580,215.61[6] - Net profit attributable to shareholders decreased by 11.00% year-on-year to CNY 40,674,398.94[6] - Basic and diluted earnings per share decreased by 19.10% to CNY 0.72[7] - Total operating revenue for Q3 2020 was approximately $101.04 million, a decrease of 26.5% compared to $137.76 million in Q3 2019[32] - Net profit for Q3 2020 was approximately $13.34 million, a decline of 56.9% from $30.95 million in Q3 2019[33] - The company's total profit for the first three quarters of 2020 was approximately $48.91 million, down from $55.38 million in the same period of 2019, a decrease of 12%[33] Assets and Liabilities - Total assets increased by 184.93% year-on-year to CNY 1,185,119,709.88[6] - Total liabilities decreased by 54.41% in tax payables to CNY 4,709,835.99 as a result of reduced income tax expenses[17] - Current liabilities decreased to CNY 129,570,861.58 from CNY 165,045,654.55, a reduction of approximately 21.5%[25] - Total liabilities amounted to CNY 133,156,541.72, down from CNY 168,357,466.23, reflecting a decrease of around 20.9%[26] - Non-current assets totaled CNY 39,508,665.56, up from CNY 34,658,327.06, indicating an increase of about 13.3%[25] Shareholder Information - The total number of shareholders reached 6,241 by the end of the reporting period[12] - The top shareholder, Huang Wenjun, holds 16.54% of the shares, totaling 11,992,904 shares[13] - Owner's equity surged to CNY 1,051,963,168.16 from CNY 247,576,846.09, marking an increase of approximately 324.5%[26] Cash Flow - Net cash flow from operating activities was negative at CNY -89,241,036.29[6] - The company reported a 1281.81% increase in cash flow from financing activities to CNY 763,448,998.49 from the initial public offering[19] - The cash flow from operating activities for the first three quarters of 2020 was negative at -¥89,241,036.29, worsening from -¥35,734,809.84 in the first three quarters of 2019[38] - The company's total cash inflow from operating activities was ¥127,000,287.15 in the first three quarters of 2020, down from ¥206,126,062.02 in the same period of 2019[38] Research and Development - R&D expenditure as a percentage of operating revenue increased by 0.72 percentage points to 5.56%[7] - Research and development expenses increased to approximately $5.27 million in Q3 2020, up 36.7% from $3.85 million in Q3 2019[32] - Research and development expenses for Q3 2020 were ¥7,939,039.88, up from ¥6,644,141.15 in Q3 2019, reflecting a 19.4% increase[36] Inventory and Receivables - Accounts receivable rose by 67.74% to CNY 146,042,897.43 driven by business growth[17] - Inventory decreased by 49.32% to CNY 57,851,222.79 due to the first-time implementation of new revenue accounting standards[17] - The company reported a decrease in inventory by CNY 30,027,072.87, reflecting a shift to contract assets[48] Financial Adjustments and Standards - The adjustment of CNY 29,685,588.85 from "pre-receipts" to "contract liabilities" was made in compliance with the new revenue recognition standards[45] - The company executed the new revenue recognition standards starting January 1, 2020, impacting financial reporting[50]