TMD(SZ:000762)2020-10-29 16:00Financial Performance - Operating revenue for the reporting period was ¥117,217,245.05, down 47.39% year-on-year[9]. - Net profit attributable to shareholders was a loss of ¥9,827,472.32, representing a 46.19% increase in loss compared to the same period last year[9]. - Basic earnings per share were -¥0.0189, a decrease of 46.15% compared to the same period last year[9]. - The weighted average return on net assets was -0.49%, a decrease of 0.98% compared to the same period last year[9]. - Net profit attributable to the parent company decreased by 97.92% year-on-year, mainly due to the decline in lithium salt product prices and poor sales[26]. - The net profit for the current period is CNY -14,694,787.25, an improvement compared to CNY -20,892,793.88 in the previous period, indicating a reduction in losses of about 29.5%[74]. - The total profit for the current period is CNY -14,681,189.33, an improvement from CNY -20,988,583.96 in the previous period, reflecting a decrease in total losses of about 29.8%[74]. - The company's net profit for the current period is -57,226,418.38, compared to -29,401,426.66 in the previous period, indicating a significant increase in losses[85]. - The total profit for the current period is -57,212,820.46, compared to -29,289,092.21 in the previous period, reflecting a worsening financial position[85]. Cash Flow - Net cash flow from operating activities was ¥34,556,484.98, an increase of 287.20% compared to the same period last year[9]. - Cash flow from operating activities increased by 177.24% year-on-year, mainly due to a reduction in cash paid to employees and taxes[26]. - Cash inflow from investment activities totaled ¥311,462,622.57, with a net cash flow of ¥71,521,303.21, reversing from a negative cash flow in the previous period[102]. - Cash outflow from operating activities decreased significantly to ¥369,807,297.47 from ¥574,572,863.88, a reduction of 35.7%[100]. - Cash received from operating activities included ¥403,062,051.33 from sales, reflecting a decrease from ¥500,564,859.82 in the previous period[100]. - The company reported a significant reduction in cash paid to employees, totaling ¥63,837,469.81, down from ¥90,983,700.54[100]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,628,365,909.74, a decrease of 8.21% compared to the end of the previous year[9]. - The company's total assets decreased to CNY 2,309,606,525.65 from CNY 2,490,804,852.71 at the end of the previous year[63]. - The company's total liabilities decreased to CNY 222,379,107.03 from CNY 401,653,919.05, marking a significant reduction of about 44.6%[53]. - Current liabilities totaled CNY 329,015,234.48, with short-term borrowings at CNY 190,000,000.00 and accounts payable at CNY 48,864,206.63[116]. - Non-current liabilities reached CNY 72,638,684.57, including estimated liabilities of CNY 45,730,894.95[119]. - The company's total equity as of September 30, 2020, was CNY 2,405,986,802.71, down from CNY 2,461,907,239.77, representing a decrease of approximately 2.3%[56]. Shareholder Information - The top shareholder, Tibet Mining Development Group, holds 19.93% of the shares, with 46,200,000 shares pledged[13]. - The company has not conducted any repurchase transactions among the top ten shareholders during the reporting period[20]. Inventory and Receivables - Accounts receivable decreased by 73.17% compared to the beginning of the period, mainly due to the recovery of some sales payments[25]. - Other receivables decreased by 89.41% compared to the beginning of the period, mainly due to the receipt of equity transfer payments from the controlling shareholder[25]. - Inventory increased to CNY 234,349,651.61 from CNY 213,730,711.14, reflecting an increase of about 9.1%[47]. - The company's accounts receivable decreased significantly to CNY 26,027,082.20 from CNY 97,016,055.30, a decline of approximately 73.1%[47]. Operational Costs - Operating revenue and operating costs decreased by 41.19% and 37.53% year-on-year, respectively, primarily due to the continuous decline in lithium salt product prices and poor sales[25]. - The company's total operating costs for the current period are CNY 299,148,666.84, down from CNY 466,256,954.60 in the previous period, indicating a significant reduction in costs[82]. - The company reported a decrease in management expenses from CNY 64,998,953.18 in the previous period to CNY 54,251,866.13 in the current period, a reduction of approximately 16.4%[82]. Other Financial Metrics - The company reported non-operating income of ¥634,684.26 from government subsidies[9]. - The company has recognized an investment loss of CNY -118,973.76 for the current period, which is an improvement from CNY -217,407.42 in the previous period, indicating a reduction in investment losses[75]. - The company reported a credit impairment loss of 3,622,889.68, an increase from 2,206,499.64 in the previous period[85].