*ST炼石(000697) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥217,813,015.93, down 53.14% year-on-year[7] - Net profit attributable to shareholders was a loss of ¥59,132,543.55, representing a decline of 158.74% compared to the same period last year[7] - Basic earnings per share were reported at -¥0.0895, down 163.24% year-on-year[7] - The net profit for the third quarter of 2020 was -182,167,963.54 CNY, compared to -71,304,496.54 CNY in the same period last year, representing a significant increase in losses[44] - The total comprehensive income for the third quarter was -193,287,726.34 CNY, compared to -79,546,491.95 CNY in the previous year[45] - The basic and diluted earnings per share for the third quarter were both -0.2692 CNY, compared to -0.1037 CNY in the same quarter of the previous year[45] - The company reported a total comprehensive loss of CNY 48,125,780.32 for the quarter, compared to a loss of CNY 28,785,415.20 in the same period last year[37] - The net cash flow from operating activities was negative at ¥48,544,944.40, a decrease of 52.94%[7] - The total operating revenue for the third quarter was CNY 849,513,093.84, a decrease of 43% compared to CNY 1,492,953,784.43 in the same period last year[42] - The net cash flow from operating activities was -152,788,811.85 CNY, compared to -68,919,050.18 CNY in the previous period, indicating a significant decline in operational cash flow[55] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,656,739,477.68, an increase of 0.57% compared to the previous year[7] - Total liabilities increased to CNY 2,334,677,835.72 from CNY 2,120,767,327.94, reflecting a rise of 10.1%[29] - The company's total equity decreased to CNY 1,322,061,641.96 from CNY 1,515,349,368.30, indicating a decline of 12.7%[30] - Long-term borrowings rose to CNY 229,805,601.26 from CNY 182,496,621.70, representing an increase of 25.9%[29] - The current liabilities totaled CNY 1,989,501,825.71, up from CNY 1,838,493,857.45, marking an increase of 8.2%[29] - The company’s other payables surged to CNY 312,086,947.73 from CNY 88,200,308.98, a significant increase of 253.2%[29] Cash Flow - The company's cash and cash equivalents increased by 135.55% to ¥185,701,636.28 due to loans received from Sichuan Development[15] - The company reported a net cash inflow from financing activities of ¥221,823,780.68, a significant increase of 3317.09% due to short-term loans obtained[16] - Cash inflow from financing activities was 172,577,333.83 CNY, a substantial increase compared to -2,826,409.92 CNY in the previous period, showing improved financing conditions[55] - The company incurred credit impairment losses of -297,931.50 CNY, compared to a gain of 271,667.64 CNY in the same period last year[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,040[10] - The largest shareholder, Zhang Zheng, holds 18.81% of the shares, amounting to 126,303,102 shares, with 94,727,326 shares pledged[10] Research and Development - Research and development expenses decreased by 68.21% to ¥6,582,448.11 as the aerospace products entered mass production[16] - Research and development expenses were CNY 644,902.65, significantly lower than CNY 2,302,812.07 in the previous year, showing a decrease of approximately 72%[36] Future Plans - The company plans to issue up to 88 million shares to raise no more than ¥949 million for future investments[17] - The company plans to focus on cost reduction and efficiency improvements in the upcoming quarters to mitigate losses and enhance profitability[36]