罗平锌电(002114) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the period was CNY 551,650,266.72, representing an increase of 18.41% year-on-year [8]. - Net profit attributable to shareholders was CNY 40,300,995.32, a significant increase of 1,163.02% compared to the same period last year [8]. - Basic earnings per share rose to CNY 0.12, reflecting a 1,300.00% increase from a loss of CNY 0.35 in the previous year [8]. - Net profit decreased by 4,793.21% to -¥110,868,443.00, largely due to a significant drop in zinc product sales prices and increased raw material costs [19]. - The company reported a basic earnings per share of -¥0.35, a decrease of 3,600.00% compared to the previous year [19]. - The net loss attributable to the parent company was CNY -408,938,210.27, compared to CNY -297,323,476.81 in the previous year, indicating a worsening of approximately 37.5% [40]. - The company reported a total comprehensive income of CNY 41,684,777.03 for the third quarter, compared to a loss of CNY 4,319,048.08 in the previous year [48]. - The company's total comprehensive income for Q3 2020 was a loss of CNY 110,868,443.00, compared to a profit of CNY 2,362,313.32 in Q3 2019 [56]. Cash Flow - Net cash flow from operating activities reached CNY 117,591,209.21, up 345.65% year-on-year [8]. - The cash flow from operating activities for the period was CNY 1,442,855,783.69, down from CNY 1,541,903,094.17 in the same period last year [61]. - The net cash flow from operating activities for the third quarter was ¥86,994,426.08, a slight decrease from ¥88,388,576.78 in the previous year [63]. - Cash received from tax refunds increased by 294.49% to ¥70,534.05 compared to the previous period, primarily due to VAT refunds from the Fuli Lead-Zinc Mine [24]. - Cash received from other operating activities rose by 79.47% to ¥25,698,609.97, mainly due to increased receivables from the newly established subsidiary, Shengkai Zinc Industry [25]. - Cash paid for other operating activities surged by 288.02% to ¥65,962,923.82, attributed to higher payments for hedging deposits, rent, and bidding guarantees [25]. - The total cash inflow from investment activities increased by 7,422.56% to ¥9,934,969.00, reflecting the same reasons as the asset disposals [25]. - The company reported a total operating cash inflow of ¥1,165,437,134.87, compared to ¥1,435,744,779.67 in the previous year, reflecting a decrease of approximately 18.8% [66]. Assets and Liabilities - Total assets increased by 6.79% to CNY 2,383,555,484.21 compared to the end of the previous year [8]. - The company's net assets attributable to shareholders decreased by 6.99% to CNY 1,457,233,352.22 compared to the end of the previous year [8]. - Current liabilities rose to CNY 680,123,026.90 from CNY 446,682,530.12, marking an increase of approximately 52.3% [39]. - The total liabilities reached CNY 884,437,623.49, up from CNY 665,959,551.65, representing an increase of approximately 32.8% [39]. - The total owner's equity decreased to CNY 1,499,117,860.72 from CNY 1,565,942,143.85, a decline of about 4.2% [40]. - The company's fixed assets decreased to CNY 614,428,578.02 from CNY 639,461,815.31, reflecting a decrease of approximately 3.9% [38]. Shareholder Information - The total number of shareholders at the end of the reporting period was 29,639 [12]. - The largest shareholder, Luoping Zinc & Electricity Company, held 27.40% of the shares, totaling 88,597,600 shares [12]. - Minority interests increased by 160.44% due to the profitability of newly added non-wholly owned subsidiaries [22]. Operational Metrics - Total operating costs for the third quarter were CNY 515,515,974.49, up from CNY 473,725,375.91 year-on-year, reflecting an increase of approximately 8.8% [47]. - Research and development expenses for the third quarter were CNY 984,701.45, slightly up from CNY 960,928.89 in the previous year [47]. - The company's management expenses increased to CNY 81,672,855.64 in Q3 2020 from CNY 70,997,089.54 in Q3 2019, reflecting higher operational costs [54]. Investment and Financing Activities - Cash received from borrowings rose by 66.67% to ¥150,000,000.00, driven by increased financing to supplement working capital [26]. - Total cash inflow from financing activities totaled ¥259,687,473.20, up 113.38% from the previous period, due to bank loans and the replacement of maturing financing guarantees [26]. - The total cash outflow for financing activities was ¥316,190,241.36, compared to ¥159,686,874.57 in the previous year, indicating a significant increase in cash outflows [68].