晶丰明源(688368) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months rose by 15.11% to CNY 706,768,758.28 year-on-year[5] - Net profit attributable to shareholders decreased by 56.81% to CNY 29,887,480.37 compared to the same period last year[5] - Basic earnings per share dropped by 67.33% to CNY 0.49[6] - Total operating revenue for Q3 2020 reached ¥322,365,934.76, a 59% increase from ¥202,741,086.63 in Q3 2019[45] - Net profit for Q3 2020 was ¥21,169,549.29, compared to ¥27,650,715.60 in Q3 2019, indicating a decrease of approximately 23%[46] - The company reported a total profit of ¥20.18 million for Q3 2020, compared to ¥30.92 million in Q3 2019, indicating a decrease of 35%[50] - The total comprehensive income attributable to the parent company for Q3 2020 was ¥20.49 million, down from ¥27.46 million in Q3 2019[48] Assets and Liabilities - Total assets increased by 13.67% to CNY 1,559,912,136.33 compared to the end of the previous year[5] - As of September 30, 2020, the company's total assets amounted to 1,559.91 million CNY, an increase from 1,372.37 million CNY at the end of 2019[39] - The company's total liabilities as of September 30, 2020, were 350.66 million CNY, compared to 239.66 million CNY at the end of 2019[39] - Total liabilities for Q3 2020 were ¥348,884,024.78, up from ¥238,284,328.63 in Q3 2019, reflecting a 46% increase[42] - The company's equity attributable to shareholders reached 1,193.46 million CNY as of September 30, 2020, up from 1,132.71 million CNY at the end of 2019[39] Cash Flow - Net cash flow from operating activities decreased by 166.58% to CNY -46,005,378.99 compared to the same period last year[5] - Cash inflow from operating activities for the first three quarters of 2020 was approximately ¥477.13 million, an increase from ¥421.31 million in the same period of 2019[52] - Cash inflow from investment activities for the first three quarters of 2020 was approximately ¥1.71 billion, with a net cash flow of ¥159.36 million after outflows[53] - The total cash inflow from investment activities amounted to 1,703,935,606.38 RMB, with a net cash flow of 144,251,564.38 RMB, compared to -1,211,337.23 RMB last year[56] Research and Development - Research and development expenses accounted for 8.88% of operating revenue, an increase of 1.25 percentage points[6] - R&D expenses rose by 34.08% to ¥62,780,858.65, attributed to an increase in R&D personnel[18] - Research and development expenses for Q3 2020 amounted to ¥24,577,825.67, a significant increase from ¥16,751,010.69 in Q3 2019, representing a 47% rise[45] Shareholder Information - The number of shareholders at the end of the reporting period was 2,375[10] - The top three shareholders held a combined 73.05% of the shares, with the largest shareholder owning 26.89%[10] Stock Incentive Plans - The company approved a stock incentive plan granting 2,819,600 shares, representing 4.58% of total equity[23] - The stock incentive plan's initial grant price was set at ¥36.00 per share, later adjusted to ¥35.50[25][26] - The company expects to recognize a cumulative share-based payment expense of 91.8755 million CNY due to the implementation of the incentive plan, which may lead to significant changes in cumulative net profit compared to the same period last year[34] Other Income and Expenses - Non-operating income for the first nine months amounted to CNY 24,635,732.71[8] - Other income decreased by 58.21% to ¥3,215,006.37 due to reduced government subsidies[19] - Management expenses surged by 436.03% to ¥97,276,353.98 primarily due to new share-based payment expenses[18] - Tax and additional fees increased by 58.54% to ¥1,491,278.16 due to increased business volume[18]