石化机械(000852) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥1,479,849,734.05, representing a decrease of 10.13% year-on-year [8]. - Net profit attributable to shareholders was ¥4,425,284.88, down 65.96% compared to the same period last year [8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,352,431.20, a decline of 117.35% year-on-year [8]. - Basic earnings per share were ¥0.0057, a decrease of 65.87% compared to the previous year [8]. - The weighted average return on net assets was 0.25%, down 87.30% year-on-year [8]. - The company reported a net loss of ¥420,179,757.00, compared to a loss of ¥363,802,012.07 in the previous period [59]. - The total profit for the current period is ¥11,854,225.49, a decrease of 35.0% from ¥18,260,584.49 in the previous period [67]. - The net profit for the current period is ¥8,869,632.92, a decline of 51.0% from ¥18,102,062.63 in the previous period [67]. - The total operating revenue for the current period is ¥542,358,809.36, a decrease of 41.0% compared to ¥917,731,754.31 in the previous period [71]. - The total operating costs amount to ¥518,997,875.08, down from ¥868,714,843.45, reflecting a significant reduction in expenses [71]. - The basic earnings per share for the current period is ¥0.0057, down from ¥0.0167 in the previous period [70]. - The total comprehensive income attributable to the parent company is ¥5,534,255.03, down from ¥34,657,312.06, a decrease of approximately 84.00% [82]. - The company’s total profit for the current period is ¥32,096,764.54, down from ¥54,088,174.48, reflecting a decline of about 40.67% [81]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,981,997,281.33, an increase of 1.45% compared to the end of the previous year [8]. - Total liabilities increased to ¥7,016,148,360.45, up from ¥6,904,132,035.39, reflecting a growth of about 1.6% [52]. - Current liabilities totaled ¥6,931,701,024.58, compared to ¥6,802,457,123.44, indicating an increase of approximately 1.9% [52]. - Non-current liabilities decreased to ¥84,447,335.87 from ¥101,674,911.95, a decline of about 16.9% [52]. - Total equity attributable to shareholders reached ¥1,815,567,159.25, up from ¥1,799,138,382.22, representing an increase of approximately 0.9% [52]. - Cash and cash equivalents increased to ¥86,795,924.41 from ¥75,857,717.14, marking a growth of about 14.4% [53]. - Accounts receivable increased by 45.17% to CNY 2,412,266,408.07 from CNY 1,661,730,309.38 due to delayed payments influenced by the COVID-19 pandemic [24]. - Short-term borrowings rose by 15.98% to CNY 3,289,371,102.55 from CNY 2,835,706,772.76, reflecting increased financing needs [46]. - Total assets increased to CNY 8,981,997,281.33 from CNY 8,853,956,069.09, indicating a growth in the company's asset base [46]. Cash Flow - The net cash flow from operating activities was -¥250,154,870.64, an increase of 76.14% compared to the same period last year [8]. - The net cash flow from operating activities was -250,154,870.64 CNY, an improvement from -1,048,525,380.13 CNY in the previous period, indicating a significant reduction in losses [94]. - Total cash inflow from operating activities was 4,216,255,002.74 CNY, down from 4,986,192,474.72 CNY year-over-year [94]. - The cash outflow from operating activities totaled 4,466,409,873.38 CNY, compared to 6,034,717,854.85 CNY in the previous period, showing a decrease of approximately 26% [94]. - The net cash flow from investing activities was -29,123,328.72 CNY, an improvement from -34,272,537.63 CNY in the previous period [97]. - Cash inflow from financing activities was 3,315,000,000.00 CNY, down from 4,738,000,000.00 CNY in the previous period [97]. - The net cash flow from financing activities was 320,273,642.99 CNY, a decrease from 1,019,550,480.57 CNY in the previous period [97]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,264, with the largest shareholder, China Petroleum & Chemical Corporation, holding 58.74% [14]. - The company did not engage in any repurchase transactions during the reporting period [21]. Investments and Acquisitions - The company acquired 40% of Wuhan Jiang Drill Haijete Diamond Drill Bit Co., Ltd., transforming it into a wholly-owned subsidiary, enhancing its international market operations [25]. - The registered capital of the newly acquired subsidiary is CNY 50 million, focusing on international sales of company products [28]. Expenses - Research and development expenses decreased to ¥63,100,232.82 from ¥89,048,850.23, indicating a 29.2% reduction [66]. - The financial expenses, including interest expenses, decreased to ¥38,759,644.26 from ¥27,450,795.06, showing an increase in financial costs [66]. - The company reported a decrease in sales expenses to ¥53,274,594.15 from ¥94,738,398.82, reflecting a cost-cutting strategy [66]. - Research and development expenses increased to ¥233,458,997.74 from ¥207,648,565.70, marking an increase of approximately 12.43% [78]. - Sales expenses decreased to ¥168,703,301.85 from ¥231,224,866.84, a reduction of about 27.00% [78].