BLB(SZ:002286)2020-10-28 16:00Financial Performance - Operating revenue for the reporting period was CNY 525,982,928.63, an increase of 18.69% year-on-year[7]. - Net profit attributable to shareholders was CNY 10,277,619.33, a decrease of 34.75% compared to the same period last year[7]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,035,030.85, a decrease of 54.11% year-on-year[7]. - Basic earnings per share for the reporting period were CNY 0.03, a decrease of 25.00% compared to the same period last year[7]. - The weighted average return on net assets was 0.64%, a decrease of 0.37% year-on-year[7]. - Net profit attributable to the parent company increased by 33.84% year-on-year, benefiting from sales revenue growth and increased demand for functional sugar products[16]. - Net profit for Q3 2020 was CNY 10,277,619.33, compared to CNY 15,907,818.21 in Q3 2019, representing a decrease of approximately 35.5%[42]. - Basic earnings per share for Q3 2020 were CNY 0.03, down from CNY 0.04 in the previous year[43]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 495,469,857.08, an increase of 419.36%[7]. - Net cash flow from operating activities increased by 419.36% year-on-year, due to higher revenue and improved collection of receivables[17]. - The company's cash flow from operating activities for Q3 2020 was ¥495,469,857.08, significantly higher than ¥95,399,177.34 in Q3 2019[56]. - The net cash flow from operating activities for the period was ¥399,768,511.96, a significant increase from ¥94,484,950.37 in the previous period, representing a growth of approximately 323%[58]. - The total cash inflow from operating activities reached ¥1,559,062,256.09, compared to ¥1,310,733,250.16 in the prior period, indicating an increase of about 19%[58]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,493,722,004.36, a decrease of 0.99% compared to the end of the previous year[7]. - Cash and cash equivalents increased by 30.81% compared to the beginning of the year, mainly due to the recovery of other receivables[15]. - Other receivables decreased by 93.86% compared to the beginning of the year, primarily due to the recovery of other receivables[15]. - Short-term borrowings decreased by 52.05% compared to the beginning of the year, mainly due to increased repayment of bank loans[15]. - Total current liabilities decreased to CNY 832,925,969.55 from CNY 898,727,892.01, a reduction of about 7.3%[34]. - The total liabilities of the company stood at ¥951,763,541.83, unchanged from the previous period[65]. - The total assets of the company were reported at ¥2,518,761,747.17, consistent with the previous period[65]. - The company's total equity amounted to ¥1,566,998,205.34, remaining stable compared to the prior period[65]. Expenses - Sales expenses decreased by 72.87% year-on-year, primarily due to transportation and packaging costs being included in operating costs as per new revenue standards[16]. - R&D expenses increased by 74.19% year-on-year, mainly due to increased investment in new product development[16]. - Financial expenses decreased by 34.12% year-on-year, attributed to reduced interest expenses[16]. - The company reported a decrease in financial expenses to ¥8,869,252.64 from ¥13,463,523.09 year-over-year, a reduction of 34.3%[49]. - Research and development expenses for the quarter amounted to ¥5,221,166.56, up from ¥2,997,401.41 in the previous year, representing a growth of 74.1%[48]. Market and Strategic Outlook - The company anticipates future improvements in product gross margins, focusing on strategic product development[1]. - The company is exploring market expansion opportunities and new product development in the sugar substitute sector[1]. - The company has implemented new revenue recognition standards, affecting the classification of prepayments and contract liabilities[70]. - The report for Q3 2020 was not audited, indicating a need for caution in interpreting the financial data[71].