中成股份(000151) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 75,025,017.94, down 68.47% year-on-year, while year-to-date revenue was CNY 466,904,211.29, a decrease of 28.51% compared to the same period last year[7]. - Net profit attributable to shareholders for the reporting period was CNY 543,321.43, a decline of 96.70%, but year-to-date net profit increased by 263.99% to CNY 8,867,494.47[7]. - The basic earnings per share for the reporting period was CNY 0.0018, down 96.77%, while year-to-date earnings per share increased by 265.85% to CNY 0.0300[7]. - The total operating revenue for the current period was CNY 75,025,017.94, compared to CNY 237,960,357.85 in the previous period, indicating a significant decrease[44]. - The total operating revenue for the third quarter was CNY 61,234,551.66, a decrease of 73.6% compared to CNY 231,879,143.06 in the same period last year[48]. - The net profit for the third quarter was CNY 543,321.43, compared to a net profit of CNY 16,487,389.58 in the previous year, indicating a significant decline[46]. - The company reported a net loss of CNY 4,917,155.66 for the third quarter, compared to a net profit of CNY 13,074,998.19 in the previous year[48]. Cash Flow - The net cash flow from operating activities for the reporting period was CNY 59,637,413.28, an increase of 139.98%, with year-to-date cash flow up 141.75% to CNY 150,764,889.36[7]. - The net cash flow from operating activities increased by 141.75% to CNY 150,764,889.36, mainly due to an increase in project progress payments and trade receivables[20]. - The net cash flow from investing activities decreased by 2289.02% to -CNY 83,843,743.93, primarily due to payments for land value-added tax related to property sales[20]. - The net cash flow from financing activities decreased by 291.10% to -CNY 135,951,416.90, mainly due to increased repayments of bank loans[20]. - The company reported a total cash inflow from operating activities of CNY 763,549,631.57, reflecting a strong operational performance[63]. - The cash flow from investment activities was -CNY 83,841,780.68, compared to CNY 3,830,198.05 in the previous period, indicating a decline in investment returns[63]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,287,965,993.41, a decrease of 4.37% compared to the end of the previous year[7]. - Current liabilities decreased from CNY 1,439,356,574.01 to CNY 1,331,504,790.00, a reduction of about 7.5%[37]. - Long-term receivables decreased from CNY 291,823,283.70 to CNY 284,665,360.52, a decline of approximately 2.0%[41]. - Cash and cash equivalents decreased from CNY 587,224,352.05 to CNY 495,644,108.87, a decline of about 16.6%[39]. - The company's total equity increased slightly from CNY 948,071,247.78 to CNY 951,457,975.29, an increase of approximately 0.4%[38]. - The total liabilities of Zhongcheng Import and Export Co., Ltd. amounted to CNY 1,444,474,483.61 as of Q3 2020[68]. Expenses - Operating costs decreased by 27.41% to CNY 409,152,304.55 from CNY 563,624,856.56, attributed to similar reasons as the revenue decline[18]. - Management expenses increased by 86.95% to CNY 77,904,134.09, mainly due to increased benefits for retired employees[18]. - Research and development expenses dropped by 93.13% to CNY 45,149.06 from CNY 656,755.66, primarily due to reduced investment in the microbial agent development project[18]. - Financial expenses surged by 696.26% to CNY 9,914,715.22, largely due to significant exchange rate fluctuations leading to increased foreign exchange losses[18]. - The company incurred sales expenses of CNY 39,190,224.41 for the year-to-date, slightly down from CNY 41,836,935.54[52]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,166, with the largest shareholder, China National Complete Engineering Corporation, holding 45.36%[11]. - The company’s retained earnings stood at CNY 58,928,070.61, indicating accumulated profits available for reinvestment[69]. Government Subsidies and Taxation - The company received government subsidies amounting to CNY 1,615,425.39 during the year, which were closely related to its business operations[8]. - The company reported a significant decrease in taxes payable, down 98.41% to CNY 1,709,376.64, primarily due to the payment of land value-added tax related to property sold in the previous year[17]. Other Financial Metrics - The weighted average return on equity for the reporting period was 0.06%, a decrease of 1.64% compared to the previous year[7]. - The company reported a significant decrease in credit impairment losses by 10447.39% to CNY 78,872,744.94, mainly due to the reversal of previously recognized credit impairment losses[18]. - Other income increased by 37.76% to CNY 1,710,349.21, primarily due to an increase in government subsidies received[18].