美达股份(000782) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 107.33% to CNY 2,855,173.13 for the current period[7] - Operating revenue decreased by 17.72% to CNY 606,560,078.70 for the current period[7] - Basic earnings per share decreased by 114.29% to CNY 0.01 for the current period[7] - The weighted average return on equity decreased to 0.20%, down by 2.96% from the previous year[7] - Total operating revenue for Q3 2020 was CNY 606,560,078.70, a decrease of 17.7% compared to CNY 737,156,714.18 in the same period last year[36] - The net profit for Q3 2020 was CNY 2,678,305.32, a significant recovery from a net loss of CNY 39,730,649.97 in Q3 2019[38] - Earnings per share for Q3 2020 were CNY 0.01, recovering from a loss of CNY 0.07 per share in the same quarter last year[38] - Net loss for the current period was ¥40,580,445.59, compared to a net loss of ¥38,519,621.41 in the previous period, reflecting a worsening of 5.4%[45] Assets and Liabilities - Total assets increased by 12.75% to CNY 3,019,309,091.45 compared to the end of the previous year[7] - Total liabilities reached CNY 1,642,697,658.17, compared to CNY 1,204,415,789.48 at the end of 2019, indicating an increase of approximately 36.4%[30] - The company's total assets amounted to CNY 3,019,309,091.45, up from CNY 2,677,822,545.45, which is an increase of around 12.8%[31] - Total current assets increased to CNY 1,640,537,924.70, up from CNY 1,237,626,069.97 as of December 31, 2019, representing a growth of approximately 32.5%[28] - Total liabilities increased to CNY 1,258,635,551.79, up from CNY 1,010,823,956.83 year-on-year, indicating a rise of 24.5%[37] - The total equity attributable to shareholders decreased to CNY 1,376,611,433.28 from CNY 1,435,154,170.91, reflecting a decrease of approximately 4.1%[31] Cash Flow - Net cash flow from operating activities decreased by 232.00% to CNY -214,788,403.04 year-to-date[7] - Cash flow from operating activities decreased by 232.00% to -¥214,788,403.04 due to a decline in product sales and cash collection[16] - The cash inflow from operating activities for the current period was ¥1,685,308,782.39, a decrease of 39.2% compared to ¥2,771,606,795.50 in the previous period[50] - The net cash flow from operating activities was -¥214,788,403.04, contrasting with a positive net cash flow of ¥162,717,909.44 in the same period last year[50] - The cash inflow from investment activities totaled ¥1,042,424,473.38, significantly higher than ¥310,097,294.90 in the previous period, marking an increase of 236.5%[52] - The cash outflow for purchasing goods and services was ¥1,650,125,763.01, down from ¥2,336,342,483.05, indicating a reduction of 29.4%[50] Shareholder Information - The company reported a total of 38,000 shareholders at the end of the reporting period[11] - The largest shareholder, Qingdao Changsheng Ridian New Energy Holding Co., Ltd., holds 29.33% of the shares, totaling 154,911,124 shares[11] Government Support and Other Income - The company received government subsidies amounting to CNY 21,120,417.06 during the year[8] - Non-recurring gains and losses totaled CNY 28,546,167.95 for the year-to-date[8] - Other income increased by 100% to ¥20,643,365.21 from subsidies received related to the pandemic[15] Impairment and Expenses - Credit impairment losses surged by 392.21% to ¥4,434,005.89 due to increased bad debt provisions[15] - Asset impairment losses rose by 159.35% to ¥16,860,487.72, attributed to inventory increases and price declines[15] - The company incurred research and development expenses of CNY 1,806,167.84, slightly up from CNY 1,624,457.20 in Q3 2019[37] - Research and development expenses increased to ¥4,874,520.52, up from ¥4,112,011.84 in the previous period, indicating a focus on innovation[45] - Financial expenses for Q3 2020 were CNY 12,041,120.38, an increase from CNY 6,596,998.46 in the previous year, indicating higher borrowing costs[37] - Financial expenses rose to ¥33,916,357.32, compared to ¥26,214,962.51 in the previous period, primarily due to increased interest expenses[45] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[40] - The company aims to enhance market expansion and product development strategies in response to current financial challenges[45] Miscellaneous - The company established a partnership to set up a private equity investment fund with an initial scale of ¥30.1 million[17] - The third quarter report for 2020 has not been audited[66] - The company has implemented new revenue and lease standards starting in 2020, with retrospective adjustments to prior comparative data[66] - The legal representative of the company is Li Jian Zhi[67] - The report was released on October 29, 2020[67]