康强电子(002119) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥422,785,362.68, representing a year-on-year growth of 13.31%[7] - Net profit attributable to shareholders of the listed company decreased by 36.09% to ¥19,773,577.14[7] - Net profit after deducting non-recurring gains and losses was ¥14,934,478.44, down 40.84% year-on-year[7] - Basic earnings per share decreased by 37.50% to ¥0.05[7] - The weighted average return on net assets was 2.09%, a decrease of 1.49% compared to the previous year[7] - The net profit for the third quarter was CNY 19,773,577.14, down from CNY 30,941,234.82 year-over-year, representing a decrease of approximately 36%[42] - The total profit for the third quarter was CNY 23,962,761.45, compared to CNY 37,053,907.57 in the previous period, indicating a decline of about 35%[42] - The net profit attributable to the parent company for the third quarter was CNY 71,623,579.34, down from CNY 79,122,671.33, reflecting a decrease of about 9.4% year-over-year[50] - The total profit for the third quarter was CNY 85,892,385.50, compared to CNY 93,952,470.00 in the previous year, a decrease of about 8.6%[50] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,834,090,588.59, an increase of 1.25% compared to the end of the previous year[7] - The company's current assets totaled CNY 1,019,654,750.88, compared to CNY 989,190,832.50 at the end of 2019, reflecting a growth of approximately 3.5%[32] - The total liabilities of the company as of September 30, 2020, were not explicitly stated but can be inferred from the balance sheet[33] - Total liabilities reached CNY 918,791,419.43, with current liabilities at CNY 793,245,053.74 and non-current liabilities at CNY 125,546,365.69[66] - The company's total assets as of September 30, 2020, were CNY 1,664,459,966.36, compared to CNY 1,557,061,004.36 at the end of 2019[37] Cash Flow - Net cash flow from operating activities increased by 109.15% to ¥73,035,523.75[7] - Cash flow from operating activities increased by 33.6331 million yuan, an increase of 41.00%, mainly due to the recovery of operating receivables and insurance claims received[15] - Cash inflow from investment activities totaled CNY 62,469,195.48, compared to CNY 16,652,634.99 in Q3 2019, marking a significant increase[59] - Net cash flow from financing activities was negative CNY 109,909,525.33, compared to negative CNY 22,945,150.32 in the same quarter last year[59] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 6.97% to ¥954,893,750.27[7] - The total number of ordinary shareholders at the end of the reporting period was 47,446[11] - The largest shareholder, Ningbo Pulisai Electronic Co., Ltd., held 19.72% of the shares, totaling 74,009,208 shares[11] Operational Changes - The company has completed the relocation of its production line from Jiangyin to Ningbo, with compensation payments totaling 13.7752 million yuan by the report date[16] - The company won a lawsuit against Shenzhen Aomeite Technology Co., which is required to return 11.211 million yuan in goods and compensation for losses[17] Research and Development - The company plans to continue investing in R&D, with expenses amounting to CNY 13,662,227.56 in Q3 2020, slightly down from CNY 15,933,088.75 in the previous year[41] - Research and development expenses for the third quarter amounted to CNY 8,192,395.50, slightly down from CNY 8,978,384.90 year-over-year[45] Revenue Recognition and Accounting Policies - The company has implemented new revenue recognition standards effective from January 1, 2020, impacting the classification of prepayments[67] - The new revenue recognition standard was implemented starting January 1, 2020, affecting the classification of contract liabilities[72] - The company reported no significant changes in accounting policies related to derivative financial instruments compared to the previous reporting period[24] Non-Operating Income - The company reported a significant increase in non-operating income, up 1116.88 million yuan, an increase of 3966.40%, mainly due to insurance claims received for a fire incident[15]