金科环境(688466) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the third quarter reached CNY 274,898,119.02, a 24.09% increase from CNY 221,528,265.14 in the same period last year[7]. - Net profit attributable to shareholders was CNY 34,790,609.70, reflecting a 4.41% increase year-on-year[7]. - Basic earnings per share decreased by 11.63% to CNY 0.38 from CNY 0.43 in the previous year[7]. - Total revenue for Q3 2020 was CNY 61,007,459.48, a decrease of 7.5% compared to CNY 65,670,728.31 in Q3 2019[32]. - Net profit for the first three quarters of 2020 reached CNY 274,898,119.02, up 24.1% from CNY 221,528,265.14 in the same period of 2019[32]. - The company reported a total comprehensive income of CNY 804,737.59 for Q3 2020, compared to CNY 17,037,097.07 in Q3 2019[40]. - The total profit for the first three quarters of 2020 reached CNY 42,970,039.43, compared to CNY 41,463,937.44 in the same period of 2019, showing a growth of approximately 3.6%[35]. Assets and Liabilities - Total assets increased by 69.99% year-on-year to CNY 1,260,674,369.75[6]. - Total liabilities decreased to CNY 299,259,773.75 from CNY 384,405,340.91 year-over-year[29]. - The company's total assets under construction increased by 276.35% to ¥146,142,135.02, driven by investments in wastewater treatment projects[14]. - The company's non-current assets totaled 224,322,971.36 RMB as of September 30, 2020, up from 105,402,442.21 RMB at the end of 2019, indicating ongoing investment in long-term assets[25]. - Total assets as of September 30, 2020, amounted to CNY 1,159,204,112.18, an increase from CNY 661,897,377.64 at the end of 2019[29]. Cash Flow - The net cash flow from operating activities was negative at CNY -148,426,519.07, compared to CNY -78,514,196.43 in the same period last year[6]. - The cash flow from operating activities for the first three quarters of 2020 was negative CNY 148,426,519.07, worsening from negative CNY 78,514,196.43 in the same period of 2019[41]. - The cash inflow from financing activities was primarily driven by new investments, highlighting the company's strategy to strengthen its capital base[45]. - The company raised 586,181,351.60 RMB from investment activities, while cash outflows for financing activities totaled 51,753,238.99 RMB, resulting in a net cash flow from financing activities of 554,428,112.61 RMB[45]. Shareholder Information - The total number of shareholders at the end of the reporting period was 6,587[11]. - The top shareholder, Zhang Huichun, holds 25,892,250 shares, representing 25.20% of the total shares[11]. - Shareholders' equity increased significantly to CNY 859,944,338.43 from CNY 277,492,036.73 in the previous year[29]. Research and Development - Research and development expenses accounted for 4.21% of operating revenue, up from 3.88%[7]. - Research and development expenses for Q3 2020 were CNY 3,992,715.00, up from CNY 2,855,220.38 in Q3 2019[32]. - R&D expenses for Q3 2020 were CNY 3,609,241.75, up from CNY 2,155,404.70 in Q3 2019, indicating an increase of approximately 67.5%[38]. Government Subsidies - The company received government subsidies amounting to CNY 1,945,717.81 during the reporting period[8]. - The company received government subsidies amounting to ¥394,771.54, contributing to other income[16]. Inventory and Prepayments - Inventory decreased by 89.44% to ¥25,492,287.15 due to the implementation of new revenue recognition accounting policies[14]. - Prepayments surged by 186.69% to ¥10,798,457.98 as a result of increased payments to suppliers[14]. - The inventory level was reported at 241,296,011.05 RMB, showing a significant decrease of 206,295,456.14 RMB compared to the previous period[48]. Financial Expenses - Financial expenses decreased by 504.27% to -¥2,815,966.67, attributed to increased interest income from funds raised through the IPO[16]. - The company reported a financial expense of CNY -1,759,940.29 in Q3 2020, a significant change from CNY -141,169.01 in Q3 2019[38].