嘉元科技(688388) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 32.76% to CNY 788,866,653.88 for the period from January to September[17] - Net profit attributable to shareholders decreased by 56.57% to CNY 116,504,449.81 for the same period[17] - Basic earnings per share dropped by 65.28% to CNY 0.50[17] - The company's operating revenue for the current period was RMB 788,866,653.88, a decrease of 32.76% from RMB 1,173,272,162.64 in the same period last year, mainly due to the impact of the pandemic[35] - The company's net profit for Q3 2020 was CNY 58,441,898.24, a decrease from CNY 87,441,313.70 in Q3 2019, representing a decline of approximately 33.3%[66] - Net profit for the first three quarters of 2020 was approximately ¥137.35 million, a decrease of 56.5% compared to ¥315.67 million in the same period of 2019[57] - Operating profit for Q3 2020 was approximately ¥68.86 million, down 33.7% from ¥103.87 million in Q3 2019[57] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -132,649,964.99, a decrease of 173.24% compared to the previous year[17] - The net cash flow from operating activities for the first three quarters of 2020 was -132,649,964.99 RMB, compared to 181,110,636.72 RMB in the same period of 2019, indicating a significant decline[72] - Total cash outflow from operating activities was 763,490,680.14 RMB, compared to 978,838,845.31 RMB in the same period of 2019, showing a decrease of 22.0%[72] - The company reported a total cash inflow of 275,431,035.34 RMB in the third quarter of 2020, compared to 181,916,013.48 RMB in the same quarter of 2019[74] - The cash and cash equivalents at the end of the period amounted to 931,672,706.04 RMB, compared to 230,496,068.61 RMB at the end of the same period in 2019[74] Assets and Liabilities - Total assets increased by 9.75% to CNY 2,912,626,627.50 compared to the end of the previous year[17] - The total liabilities amounted to RMB 351,705,059.46, a substantial increase from RMB 110,170,028.92, indicating a growth of approximately 219.5%[47] - The company's cash and cash equivalents increased by 32.86% to RMB 931,672,706.04 compared to RMB 701,241,670.70 at the end of the previous year, primarily due to an increase in time deposits[30] - Accounts receivable rose by 96.82% to RMB 168,352,786.90, driven by increased sales[32] - The total liabilities to equity ratio suggests a balanced capital structure, supporting future growth initiatives[91] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,929[26] - The top shareholder, Guangdong Jiayuan Investment Co., Ltd., held 27.43% of the shares[26] - The total equity attributable to shareholders reached RMB 2,540,824,127.22, up from RMB 2,523,596,357.41, reflecting a slight increase of about 0.7%[47] Research and Development - R&D investment as a percentage of operating revenue increased by 2.41 percentage points to 6.10%[19] - Research and development expenses for Q3 2020 were approximately ¥20.47 million, an increase of 15.5% from ¥17.71 million in Q3 2019[57] - Research and development expenses increased to CNY 20,465,705.35 in Q3 2020, compared to CNY 17,708,186.84 in Q3 2019, reflecting a growth of approximately 9.9%[66] Investment Activities - The company reported a significant increase in investment income to RMB 19,415,091.87 from RMB 300,410.01, reflecting a growth of 6,362.86% due to increased interest from financial products[35] - Cash inflow from investment activities totaled 2,946,020,280.39 RMB in 2020, a substantial increase from 100,300,410.01 RMB in 2019[72] - The company received 2,876,900,000.00 RMB from investment recoveries, a significant increase from 100,000,000.00 RMB in the previous year[78] Financial Ratios and Performance Metrics - The weighted average return on net assets decreased by 18.49 percentage points to 4.59%[17] - The company's total comprehensive income for Q3 2020 was CNY 58,441,898.24, down from CNY 87,441,313.70 in Q3 2019, indicating a decline of approximately 33.3%[68] - The financial expenses for Q3 2020 showed a significant decrease, with a net financial expense of CNY -3,892,858.81 compared to CNY 1,032,543.14 in Q3 2019[66]