KAMA(SH:900953)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months rose by 15.01% to CNY 3,013,677,560.28 year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 42,823,614.59, compared to a loss of CNY 29,755,994.91 in the same period last year[5] - The company recorded a loss of CNY 77,094,333.37 in net profit after deducting non-recurring gains and losses for the first nine months[5] - The net profit for the quarter was reported at -¥51,401,638.99, a decline from -¥34,496,505.97 year-over-year, indicating a worsening financial position[11] - Net loss for the first three quarters of 2020 was ¥597,032,073.44, slightly improved from a loss of ¥619,142,919.01 in the same period of 2019[21] - The net profit for Q3 2020 was a loss of ¥19,281,830.54, compared to a loss of ¥24,727,088.04 in Q3 2019, indicating an improvement of approximately 22.5%[27] - The total comprehensive loss for Q3 2020 was ¥19,281,830.54, compared to a loss of ¥24,727,088.04 in Q3 2019, reflecting a reduction in losses of about 22.5%[27] - The company reported a total operating profit of -4,243,153.91 CNY for Q3 2020, compared to -5,068,594.65 CNY in Q3 2019, marking an improvement of about 16.3%[30] Assets and Liabilities - Total assets increased by 4.42% to CNY 5,301,944,981.17 compared to the end of the previous year[5] - The total assets as of September 30, 2020, amounted to ¥5,301,944,981.17, an increase from ¥5,077,490,999.27 at the end of 2019[16] - Total liabilities increased to ¥347,356,260.16 as of September 30, 2020, from ¥330,287,420.72 at the end of 2019, representing a rise of 5.1%[21] - The company's total equity as of September 30, 2020, was ¥1,016,871,735.22, down from ¥1,080,104,424.51 at the end of 2019, reflecting a decline of 5.9%[18] Cash Flow - Cash flow from operating activities decreased by 42.39% to CNY 98,907,152.49 compared to the same period last year[5] - Cash flow from operating activities decreased by 42.39%, totaling ¥98,907,152.49 compared to ¥171,675,212.52 in the previous year, primarily due to increased cash payments for goods purchased[11] - The net cash flow from operating activities for the first three quarters of 2020 was 98,907,152.49 CNY, down from 171,675,212.52 CNY in the previous year, reflecting a decline of approximately 42.4%[33] - The cash outflow from investing activities was -50,709,467.57 CNY in the first three quarters of 2020, an improvement from -186,966,541.45 CNY in the same period of 2019[33] - The total cash inflow from financing activities was 1,144,056,076.37 CNY in Q3 2020, compared to 1,300,839,530.11 CNY in the previous year, indicating a decrease of approximately 12.1%[33] Expenses - The total operating costs for Q3 2020 were ¥958,112,076.94, up from ¥749,707,288.70 in Q3 2019, reflecting a 27.8% increase[24] - Financial expenses rose to ¥28,117,361.03, a 134.11% increase compared to ¥12,010,484.47, primarily due to increased financing lease costs and a decrease in cash discount income[11] - The company's management expenses for Q3 2020 were ¥3,753,143.16, down from ¥4,505,284.35 in Q3 2019, indicating a decrease of approximately 16.6%[29] - The company reported a tax expense of ¥1,923,830.57 for Q3 2020, compared to ¥1,291,337.82 in Q3 2019, which is an increase of approximately 48.9%[26] Shareholder Information - The number of shareholders reached 25,558, with the largest shareholder holding 29.83% of the shares[7] Research and Development - The company reported a significant increase of 88.76% in development expenditures to CNY 55,409,287.69, attributed to new product research and development in the cargo vehicle business[10] - Research and development expenses for the first three quarters of 2020 were ¥27,981,782.77, down from ¥31,496,306.56 in the same period of 2019, a decrease of 11.9%[24] Legal and Operational Issues - The company is currently involved in legal disputes regarding payment collections, which may impact future cash flows and operational stability[12][13]