*ST新纺(002087) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 1,442,274,380.38, an increase of 6.15% year-on-year[8] - Net profit attributable to shareholders was CNY 55,470,207.14, up 7.15% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 53,981,588.19, an increase of 5.14% year-on-year[8] - Basic earnings per share were CNY 0.0679, an increase of 7.10% year-on-year[8] - The company's operating income for Q3 2020 was CNY 1,116,387,084.38, a decrease of 21.4% compared to CNY 1,419,153,362.66 in the same period last year[44] - The net profit for Q3 2020 reached CNY 52,538,563.29, representing an increase of 9.1% from CNY 47,841,941.47 in Q3 2019[44] - The total profit for the period was CNY 65,202,249.45, up from CNY 56,220,898.49, marking a growth of 15.4% year-over-year[44] - The basic and diluted earnings per share for Q3 2020 were both CNY 0.0679, compared to CNY 0.0634 in the previous year, reflecting a 7.1% increase[42] - The company's total comprehensive income for Q3 2020 was CNY 51,366,344.99, compared to CNY 41,254,838.89 in Q3 2019, indicating a growth of 24.9%[42] - The net profit attributable to the parent company was CNY 170,229,452.24, down 16.67% from CNY 204,374,731.05 in the previous year[50] - The total profit for the third quarter was CNY 194,169,916.11, a decrease of 16.79% compared to CNY 233,405,718.96 in the same quarter last year[49] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,183,188,801.76, a decrease of 3.89% compared to the end of the previous year[8] - Total assets as of September 30, 2020, amounted to CNY 8,109,315,666.00, compared to CNY 8,010,082,185.38 at the end of 2019[36] - Total liabilities decreased to CNY 4,526,251,916.16 from CNY 4,493,807,493.71 year-on-year[37] - Total liabilities reached CNY 5,342,130,840.05, with current liabilities at CNY 4,892,381,023.65 and non-current liabilities at CNY 449,749,816.40[66] - Owner's equity totaled CNY 4,212,862,275.41, with total equity attributable to shareholders at CNY 4,128,315,908.01[66] - The total amount of accounts payable was CNY 244,450,143.44, reflecting the company's obligations to suppliers[65] Cash Flow - Cash flow from operating activities was CNY 169,627,860.12, a decrease of 38.68% compared to the same period last year[8] - The net cash flow from operating activities for Q3 2020 was ¥561,047,924.86, a decrease of 38.6% compared to ¥914,931,485.05 in Q3 2019[57] - Total cash inflow from operating activities was ¥4,302,682,312.11, while cash outflow was ¥3,741,634,387.25, resulting in a net cash flow of ¥561,047,924.86[57] - Cash inflow from financing activities was ¥2,343,313,361.03, down 29% from ¥3,301,368,015.54 in the previous year[58] - The net cash flow from financing activities was -¥277,632,686.00, compared to -¥1,199,223,847.89 in the same period last year, indicating an improvement[58] - The company experienced a net decrease in cash and cash equivalents of -¥18,557,098.05 in Q3 2020, compared to -¥371,066,537.48 in Q3 2019[58] Expenses - Sales expenses decreased by 36.04% year-on-year, primarily due to increased subsidies for cotton yarn transportation[16] - The company reported a decrease in research and development expenses to CNY 33,743,778.83 from CNY 45,270,686.58[40] - The company experienced a decrease in financial expenses, which amounted to CNY 38,200,374.80, down from CNY 51,827,026.56, a reduction of 26.4%[44] - The company experienced a decrease in operating costs to CNY 986,493,700.74 from CNY 1,242,401,344.96, a reduction of 20.6% year-over-year[44] Future Projections - The estimated cumulative net profit for the year is projected to be between 19,559.26 million yuan and 25,147.62 million yuan, representing a decline of 10% to 30% compared to the previous year[24] - Basic earnings per share are expected to decrease to between 0.2395 yuan and 0.3079 yuan, reflecting a decline of 10% to 30% compared to the previous year[24] Other Information - The company has a loan guarantee of 18 million yuan overdue for Henan Tianguan Enterprise Group Co., Ltd. and Henan Tianguan Fuel Ethanol Co., Ltd., with no compensation risk anticipated[18] - The company has provided a loan guarantee of 12 million yuan for Henan Huajing Superhard Materials Co., Ltd., and has taken protective measures against potential default risks[18] - The company has implemented new revenue and leasing standards starting in 2020, which required adjustments to the financial statements[62] - The report indicates the implementation of new revenue and leasing standards starting in 2020, with no retrospective adjustments made[70]