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民和股份(002234) - 2020 Q3 - 季度财报
MINHEMINHE(SZ:002234)2020-10-21 16:00

Financial Performance - Operating revenue for the reporting period was ¥387,796,968.65, a decrease of 49.29% year-on-year, while year-to-date revenue was ¥1,289,849,501.27, down 44.59%[7] - Net profit attributable to shareholders was -¥153,610,193.55 for the reporting period, representing a decline of 140.07% year-on-year, and year-to-date net profit was ¥78,716,187.90, down 93.71%[7] - Basic earnings per share for the reporting period was -¥0.51, a decrease of 140.16% compared to the same period last year[7] - The weighted average return on net assets was -5.30%, a decline of 21.13% year-on-year[7] - The company's operating revenue decreased by 44.59% to CNY 1,289,849,501.27 compared to the previous period due to a decline in the selling price of main products[14] - Net profit attributable to the parent company dropped by 93.71% to CNY 78,716,187.90, primarily due to reduced profits from main products[14] - The total operating revenue for Q3 2020 was CNY 387,796,968.65, a decrease of 49.3% compared to CNY 764,699,187.83 in the same period last year[35] - The net profit for Q3 2020 was a loss of CNY 154,063,312.23, compared to a profit of CNY 383,351,926.72 in Q3 2019[37] - The net profit for the third quarter of 2020 was CNY 59,548,065.88, a significant decrease compared to CNY 1,261,621,115.40 in the same period last year, reflecting a decline of approximately 95.3%[48] Cash Flow and Assets - Net cash flow from operating activities was ¥51,840,917.75, down 86.41% year-on-year, with year-to-date cash flow at ¥225,490,040.19, down 81.14%[7] - Cash flow from operating activities decreased by 81.14% to CNY 225,490,040.19, reflecting the decline in profits from main products[14] - Cash and cash equivalents increased by 82,179,703.18, but the net increase was down by 69.31% compared to the previous period[14] - The total assets at the end of the reporting period reached ¥3,292,929,016.18, an increase of 0.97% compared to the end of the previous year[7] - The total assets as of September 30, 2020, were CNY 2,899,483,451.33, a decrease from CNY 2,981,405,893.42 at the end of 2019[33] - Cash and cash equivalents at the end of the period totaled CNY 807,083,811.88, an increase from CNY 695,829,121.96 at the end of the previous year[51] Shareholder Information - The total number of shareholders at the end of the reporting period was 47,694[10] - The largest shareholder, Sun Ximin, holds 31.22% of the shares, totaling 94,310,000 shares[10] Government Subsidies and Other Income - The company reported a total of ¥6,983,639.19 in government subsidies recognized in the current period[8] - The company reported an increase in other income by 233.55% to CNY 7,115,804.55, driven by increased government subsidies[14] Liabilities and Borrowings - The company's short-term borrowings increased by 154.34% to CNY 419,150,000.00, indicating a rise in bank short-term loans[14] - The total liabilities amounted to CNY 310,915,098.76, an increase from CNY 271,157,627.53 in the previous year[33] Inventory and Receivables - The inventory decreased significantly to CNY 196,980,004.42 from CNY 272,381,683.75 in the previous year, indicating a reduction of 27.7%[32] - The company reported a significant increase in other receivables, which rose to CNY 222,763,286.47 from CNY 120,667,221.59, marking an increase of 84.5%[32] Financial Standards and Reporting - The company adopted new revenue and lease standards starting in 2020, adjusting the presentation of contract liabilities[57] - The report for the third quarter was not audited[64]