ST升达(002259) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 248,943,661.66, a decrease of 9.34% year-on-year[10] - Net profit attributable to shareholders was CNY -19,643,973.04, an improvement of 39.45% compared to the same period last year[10] - Basic earnings per share improved by 39.44% to CNY -0.0261 compared to the same period last year[10] - Total operating revenue for Q3 2020 was CNY 248,943,661.66, a decrease of 9.7% compared to CNY 274,580,993.34 in the same period last year[48] - Net loss for Q3 2020 was CNY 19,658,334.94, an improvement from a net loss of CNY 35,164,067.62 in Q3 2019[50] - The net profit for the current period is CNY 62,189,208.56, a significant recovery from a net loss of CNY 93,629,194.54 in the previous period[59] - The total comprehensive income for the current period is CNY -22,013,530.37, an improvement from CNY -23,730,206.23 in the previous period[55] - The total comprehensive income for the period was -63,391,828.09 yuan, compared to -68,697,636.30 yuan in the previous period, indicating an improvement of approximately 4.8%[64] Assets and Liabilities - Total assets decreased by 32.18% to CNY 1,045,363,148.88 compared to the end of the previous year[10] - The company's current assets decreased to CNY 191,512,591.06 from CNY 650,775,126.83, indicating a significant reduction in liquidity[40] - The total liabilities increased to CNY 1,095,920,740.06 from CNY 1,030,092,115.96, reflecting a rise in financial obligations[42] - Total liabilities reached CNY 945,234,194.78, compared to CNY 664,956,700.95 at the end of 2019, indicating a significant increase in leverage[46] - The total current liabilities were CNY 998,501,992.37, indicating a stable liquidity position[76] - The total liabilities to total assets ratio stands at approximately 71.1%[80] Cash Flow - Net cash flow from operating activities increased by 361.73% to CNY 30,167,659.92 compared to the same period last year[10] - Cash flow from operating activities decreased by 30.25%, attributed to reduced sales volume and unit sales prices due to the pandemic[20] - The net cash flow from operating activities was 57,731,483.99 yuan, significantly higher than 11,572,995.12 yuan in the previous period, marking an increase of approximately 398%[67] - The net cash flow from financing activities was negative at CNY -2,969,704.12, reflecting a cash outflow of CNY 288,913,995.72[72] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,884[14] - The largest shareholder, Huabao Trust, holds 28.33% of the shares, totaling 213,115,525 shares[14] Non-Operating Income and Expenses - The company reported a significant increase in non-operating income, up 149,034.96%, due to performance compensation received from subsidiaries[19] - The company reported a non-operating fund occupation situation, with a total of CNY 116,467.2 involved, representing 475.94% of the latest audited net assets[34] - The company has a total of 99.04 million yuan in non-operating fund occupation by controlling shareholders, representing 404.78% of the latest audited net assets[32] Investment Performance - Investment income loss increased by 117.87%, primarily due to increased losses from the invested entity Sichuan Zhonghai[19] - The company recorded an investment loss of CNY 294,001.67 from joint ventures and associates, reflecting challenges in its investment portfolio[49] - The investment loss for the current period is CNY -813,042.37, compared to CNY -373,170.39 in the previous period, indicating a worsening of investment performance[58] Operational Challenges - Sales revenue from goods and services decreased by 30.25%, significantly impacted by the COVID-19 pandemic affecting production and sales volume[20] - Accounts receivable decreased by 97.25%, primarily due to the acquisition of minority interests in subsidiaries and the compensation of accounts receivable by minority shareholders[18] - Other receivables decreased by 75.73%, mainly due to the acquisition of minority interests in subsidiaries and the offsetting of prepayments[18] Management and Governance - The company has committed to urging the controlling shareholder to resolve issues related to illegal guarantees and fund occupation[23] - The company is actively pursuing the recovery of occupied funds from the controlling shareholder, indicating ongoing financial restructuring efforts[34] - The company is in discussions with restructuring parties to resolve fund occupation issues, highlighting proactive management strategies[34] Miscellaneous - The company did not conduct any repurchase transactions during the reporting period[18] - The company has not utilized any of the raised funds during the reporting period, with all funds intended for the "Pengshan County annual output of 400,000 tons of clean energy project" currently on hold due to market conditions[26] - The company has not engaged in any securities or derivative investments during the reporting period[24][25] - The company has not reported any significant contracts or entrusted financial management during the reporting period[27] - The company has not experienced any judicial seizure of raised funds[26]