丹科B股(900921) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months was CNY 606,153,031.10, down 9.65% year-on-year[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 226,530,568.49, compared to a loss of CNY 224,715,770.55 in the same period last year[6] - Total operating revenue for Q3 2020 was CNY 121,303,483.36, a decrease of 21% compared to CNY 153,603,689.71 in Q3 2019[27] - Net loss for Q3 2020 was CNY 113,042.67, compared to a profit of CNY 684,174.23 in Q3 2019[27] - The net profit for Q3 2020 was -115,293,617.94 RMB, a decrease from -145,888,194.37 RMB in Q3 2019, indicating an improvement of approximately 20.5% year-over-year[30] - The total profit for Q3 2020 was -116,081,573.74 RMB, compared to -145,295,714.05 RMB in the same quarter of the previous year, reflecting a reduction of about 20.0%[30] - The operating profit for Q3 2020 was -112,530,724.75 RMB, showing a slight improvement from -140,050,639.79 RMB in Q3 2019, which is a 19.6% year-over-year increase[30] - The total comprehensive income for Q3 2020 was -115,293,617.94 RMB, compared to -145,888,194.37 RMB in Q3 2019, indicating a year-over-year improvement of about 20.5%[31] - The total comprehensive income for the first three quarters was -¥9,836,445.66, compared to -¥4,608,371.91 in the same period last year[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,981,693,441.15, a decrease of 0.21% compared to the end of the previous year[6] - Total assets as of September 30, 2020, amounted to CNY 2,814,320,711.97, a slight decrease from CNY 2,839,195,690.65 at the end of 2019[26] - Total liabilities as of September 30, 2020, were CNY 250,321,456.79, compared to CNY 270,588,063.56 at the end of 2019[26] - Shareholders' equity totaled CNY 2,563,999,255.18 as of September 30, 2020, a minor decrease from CNY 2,568,607,627.09 at the end of 2019[26] - The company’s long-term investments were CNY 2,736,636,133.44 as of September 30, 2020, slightly down from CNY 2,758,358,507.19 at the end of 2019[25] - The company’s total liabilities and shareholders' equity combined were CNY 2,814,320,711.97 as of September 30, 2020[26] Cash Flow - The net cash flow from operating activities increased to CNY 86,068,603.98, compared to a negative cash flow of CNY 65,431,923.79 in the previous year[6] - Net cash flow from operating activities improved by 231.54%, reaching 86,068,603.98 RMB compared to -65,431,923.79 RMB in the previous year[13] - Total cash inflow from operating activities was ¥741,372,295.57, down 40.3% from ¥1,239,911,269.27 in the previous year[37] - The company reported a net cash outflow from investing activities of -¥34,439,096.81, an improvement from -¥50,298,472.13 in the previous year[38] - Cash inflow from financing activities was ¥230,000,000.00, down from ¥261,200,000.00 in the same period last year[39] - The company paid ¥175,347,990.25 in financing activities, slightly down from ¥183,579,572.03 in the previous year[39] Inventory and Receivables - Inventory increased by 36.21%, from 289,043,126.69 RMB to 393,703,034.36 RMB, primarily due to an increase in catalysts[13] - Accounts receivable increased by 294.22%, from 1,596,147.05 RMB to 6,292,255.00 RMB, due to an increase in bank acceptance bills held by a subsidiary[15] - Prepayments increased by 69.28%, from 8,371,983.69 RMB to 14,171,923.71 RMB, mainly due to a subsidiary's increased prepayments[15] Expenses - The company experienced a reduction in operating expenses, mainly due to decreased fixed asset write-offs[12] - Research and development expenses for Q3 2020 were CNY 6,005,211.04, down from CNY 8,334,410.78 in Q3 2019[27] - Management expenses for Q3 2020 were 1,492,629.85 RMB, down from 3,124,995.04 RMB in Q3 2019, indicating a reduction of approximately 52.3%[33] - Financial expenses for Q3 2020 were 566,337.31 RMB, a decrease from 1,603,332.66 RMB in Q3 2019, reflecting a reduction of about 64.7%[33] - Interest expenses for Q3 2020 were 2,698,819.72 RMB, compared to 1,597,525.88 RMB in Q3 2019, showing an increase of approximately 68.9%[33] Investment and Losses - The company reported a decrease in investment losses, primarily due to adjustments in external investment losses during the reporting period[12] - Investment income decreased significantly by 94.57%, from -27,313,223.40 RMB to -1,482,272.80 RMB[13] - Credit impairment losses increased due to the recovery of receivables from subsidiaries, leading to a reversal of bad debt provisions[12] - The company reported a credit impairment loss of 193,600.00 RMB in Q3 2020[30] - The company received ¥16,982,200.00 from the recovery of investments, an increase from ¥10,000,000.00 in the previous year[38] Operational Challenges - The company terminated a major asset restructuring project due to unfavorable external conditions and uncertainties caused by the COVID-19 pandemic[16] - The company’s subsidiary experienced a production halt for nearly a month, impacting production and sales volumes in Q3[16] - The company reported a decrease in inventory from CNY 72,752,060.39 at the end of 2019 to CNY 63,496,500.17 as of September 30, 2020[25]