水晶光电(002273) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥893,110,685.62, a decrease of 2.77% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was ¥132,766,763.49, down 33.75% year-on-year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥115,307,715.28, a decline of 21.78%[4] - Basic earnings per share were ¥0.11, down 38.89% year-on-year[4] - The weighted average return on net assets was 2.45%, a decrease of 2.51% compared to the previous year[4] - Total operating revenue for Q3 2020 was CNY 893,110,685.62, a decrease from CNY 918,540,312.26 in the previous period[35] - Net profit for the third quarter was 134,644,963.10 CNY, down from 204,924,657.54 CNY year-over-year, indicating a decrease of about 34.2%[37] - The company reported a total profit of 150,891,745.32 CNY, down from 233,911,276.95 CNY, representing a decrease of approximately 35.5%[37] - The total comprehensive income for the third quarter was 134,403,736.38 CNY, down from 206,076,736.14 CNY, indicating a decrease of approximately 34.8%[38] - Net profit for the period was ¥321,835,196.71, a decrease of 11.87% from ¥365,312,943.79 in the same period last year[43] - Total comprehensive income for the period was ¥321,801,809.45, compared to ¥366,721,740.36 in the previous year, indicating a decline of 12.24%[44] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,846,218,936.69, an increase of 7.12% compared to the end of the previous year[4] - Total liabilities amounted to CNY 1,072,507,686.60, down from CNY 1,577,541,846.37 year-on-year[31] - Total equity attributable to shareholders of the parent company increased to CNY 5,488,032,226.29 from CNY 4,598,368,539.26[31] - Current assets totaled CNY 1,783,076,265.88, a decrease from CNY 1,861,945,538.21 in the previous year[32] - Non-current assets reached CNY 3,919,828,971.86, up from CNY 3,668,519,047.53 year-on-year[33] - The total assets of the company were CNY 6,846,218,936.69, compared to CNY 6,391,374,595.69 in the previous year[31] - The company's total equity increased to CNY 5,773,711,250.09 from CNY 4,813,832,749.32 year-on-year[31] - The total liabilities were reported at 1,577,541,846.37 CNY, with current liabilities comprising 799,993,458.32 CNY[57] Cash Flow - Net cash flow from operating activities was ¥205,436,992.46, an increase of 106.17% compared to the same period last year[4] - The company achieved a net increase in cash and cash equivalents of CNY 139,553,485.90, a 307.92% increase compared to the previous period[11] - Cash inflow from operating activities was CNY 2,719,977,598.11, up from CNY 2,184,215,522.07 year-on-year[49] - The net cash flow from operating activities was CNY 501,245,934.31, an increase from CNY 285,937,339.63 in the previous year[49] - Cash inflow from financing activities was CNY 360,096,200.67, compared to CNY 159,720,037.27 in the previous year[50] - The ending balance of cash and cash equivalents was CNY 1,155,695,048.78, slightly up from CNY 1,151,731,479.26 at the end of the previous year[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 133,496[6] - The largest shareholder, Star Group Co., Ltd., held 10.16% of the shares, amounting to 123,753,273 shares[6] - The company repurchased a total of 7,614,405 shares, representing 0.63% of the total share capital, with a total expenditure of approximately RMB 100.8 million[18] - The maximum repurchase price was capped at RMB 14 per share, with the repurchase period set for 12 months from August 22, 2019[17] Investments and Projects - The company plans to issue up to 20 million A-shares to raise no more than CNY 225 million for investment in optical component projects and working capital[12] - The company has initiated the process for the spin-off of its wholly-owned subsidiary, Night Vision, for a potential domestic listing[13] - The company has established a joint investment fund with a registered capital of RMB 65.1 million, with the company contributing RMB 65 million, accounting for 99.85%[15] - Jiangxi Crystal Optoelectronics received a government reward of RMB 47.5 million for its contributions to the IoT and smart terminal industry, with RMB 16 million already disbursed[15] - The investment progress for the "Sapphire Crystal Growth and Deep Processing Project" is 93.27%, with a total planned investment of CNY 385.7 million and actual cumulative investment of CNY 359.7476 million[23] - The "Annual Production of 10 Million Protective Components for Smart Terminals Technical Upgrade Project" has an investment progress of 87.30%, with a total planned investment of CNY 200 million and actual cumulative investment of CNY 174.5976 million[23] - The "Blue Glass and Biometric Filter Assembly Technical Upgrade Project" has exceeded its planned investment with a progress of 103.97%, having a total planned investment of CNY 910 million and actual cumulative investment of CNY 946.1621 million[23] Research and Development - Research and development expenses increased to 60,951,706.73 CNY, up from 38,849,429.58 CNY, reflecting a growth of approximately 56.8%[36] - Research and development expenses increased to ¥137,425,956.06, compared to ¥108,709,415.41 in the previous period, marking a rise of 26.49%[42] Financial Management - Total financial expenses decreased by 77.94% to CNY 4,535,731.86 due to reduced interest expenses on convertible bonds[10] - The company’s financial expenses decreased significantly to ¥4,535,731.86 from ¥20,562,374.58, a reduction of 78.01%[42] - The company has not engaged in any securities or derivative investments during the reporting period[21][22] - The company has implemented new revenue recognition standards starting January 1, 2020, affecting the presentation of contract liabilities[61]