福星股份(000926) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥918.96 million, representing a 66.13% increase year-on-year[7] - Net profit attributable to shareholders was a loss of ¥17.82 million, a decline of 124.49% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥12.70 million, down 153.13% year-on-year[7] - Basic and diluted earnings per share were both -¥0.02, a decrease of 100% compared to the previous year[7] - The company reported a net profit of CNY 6.51 billion, up from CNY 6.36 billion, indicating an increase of about 2.4% in retained earnings[30] - The net profit for the third quarter was a loss of CNY 15,103,092.03, compared to a loss of CNY 13,909,736.91 in the previous year[38] - The company’s net profit for Q3 2020 was CNY 240,139,042.41, a decrease of 48.2% compared to CNY 462,867,460.56 in Q3 2019[46] - The total profit for Q3 2020 was CNY 358,775,113.91, down 49.7% from CNY 712,902,276.93 in Q3 2019[46] Assets and Liabilities - Total assets at the end of the reporting period reached ¥51.85 billion, an increase of 1.51% compared to the end of the previous year[7] - The company’s total liabilities decreased by 29.83% for non-current liabilities due within one year, amounting to CNY 5,385,131,107.71 from CNY 7,674,238,901.11, due to debt repayment[15] - Total liabilities rose to CNY 39.39 billion, compared to CNY 38.71 billion in the previous year, indicating an increase of about 1.8%[29] - Current liabilities totaled CNY 26.31 billion, an increase from CNY 24.82 billion, representing a growth of about 6.0%[29] - Non-current liabilities decreased to CNY 13.08 billion from CNY 13.89 billion, indicating a reduction of approximately 5.8%[29] - The company reported a total of CNY 28,489,149,735.67 in inventory[62] - The total liabilities stood at CNY 38,708,917,109.52, with current liabilities totaling CNY 24,821,950,382.21[64] Cash Flow - The net cash flow from operating activities was ¥916.54 million, a decrease of 58.38% compared to the same period last year[7] - The net cash flow from financing activities for the first nine months of 2020 was a negative CNY 4,844,228,610.11, a decline of 120.96% compared to a negative CNY 2,192,350,503.23 in the same period of 2019[15] - The net cash flow from operating activities was CNY 2,681,911,233.60, a decrease of 27.3% compared to CNY 3,685,361,568.40 in the previous period[55] - Cash inflow from operating activities totaled CNY 9,080,027,243.36, down 24.1% from CNY 11,956,496,888.90 in the prior period[54] - Cash outflow from operating activities was CNY 6,398,116,009.76, a decrease of 22.6% compared to CNY 8,271,135,320.50 last year[55] - The net cash flow from investment activities was CNY 67,713,590.06, significantly up from CNY 10,799,142.72 in the previous period[56] - The ending balance of cash and cash equivalents was CNY 2,488,089,531.27, down 37.3% from CNY 3,968,155,769.22 last year[56] Shareholder Information - The company reported a total of 40,569 common shareholders at the end of the reporting period[11] - The largest shareholder, Fuxing Group Holdings Co., Ltd., held 24.31% of the shares, totaling 233,928,648 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] - The company completed a share repurchase program, acquiring 34,338,500 shares, representing 3.57% of the total share capital, for a total payment of CNY 204,985,401.40[17] Investment and Expenses - The company reported a 2,982.46% increase in fair value gains to CNY 262,628,234.39, attributed to the completion of investment properties under construction[15] - Long-term borrowings increased by 46.5% to CNY 5,884,360,288.42 from CNY 4,016,763,175.12, due to the addition of new long-term loans[15] - Long-term equity investments amounted to CNY 191.02 million, compared to CNY 235.00 million in the previous period, showing a decrease of about 18.7%[28] - Research and development expenses for the quarter were CNY 10,252,798.89, down from CNY 13,511,226.87 in the same period last year[37] - Financial expenses for Q3 2020 were CNY 220,712,216.07, a reduction of 19.6% compared to CNY 274,516,380.24 in Q3 2019[46] Tax and Other Financial Metrics - The company’s income tax expense decreased by 52.55% to CNY 118,636,071.50 from CNY 250,034,816.37, primarily due to a reduction in operating profit[15] - The total assets impairment loss was reported at CNY 10,491,565.06, compared to a loss of CNY 216,205.92 in the previous year[37] - Other comprehensive income after tax for Q3 2020 was CNY 1,307,274.32, contrasting with a loss of CNY 22,102,015.74 in Q3 2019[47] Changes in Accounting Standards - The company implemented new revenue and leasing standards starting in 2020, with no retrospective adjustments to prior period data[69]