HSSM(SZ:002290)2020-10-22 16:00Financial Performance - Net profit attributable to shareholders was CNY 23,259,244.37, an increase of 109.12% year-on-year [7]. - Operating revenue for the reporting period was CNY 519,770,972.53, representing a year-on-year increase of 23.43% [7]. - Basic earnings per share reached CNY 0.10, up 109.52% compared to the same period last year [7]. - The weighted average return on net assets was 5.46%, an increase of 30.42% year-on-year [7]. - The company reported a net loss of ¥975,231,812.95, slightly improved from a loss of ¥1,026,115,803.61 in the previous period [35]. - The total profit for the period was ¥65,288,697.30, contrasting with a total loss of ¥340,899,197.12 in the same period last year [50]. - The net profit for Q3 2020 reached CNY 23,259,244.37, compared to a net loss of CNY 255,086,718.22 in the same quarter last year [42]. - The company reported a basic and diluted earnings per share of CNY 0.10 for Q3 2020, recovering from a loss of CNY 1.05 per share in Q3 2019 [43]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 44,192,482.81, a decrease of 63.34% compared to the previous year [7]. - Cash and cash equivalents decreased by 37.30% to ¥201.82 million from ¥321.90 million, primarily due to a reduction in bill margin deposits [17]. - Operating cash flow decreased by 63.34% to ¥44.19 million from ¥120.56 million, mainly due to a reduction in the recovery of factoring receivables [19]. - The total cash inflow from investment activities was ¥20,475,164.38, significantly lower than ¥609,620,608.95 in the previous year, indicating a decline of 96.6% [61]. - The total cash and cash equivalents at the end of Q3 2020 were ¥170,134,780.91, down from ¥261,736,833.40 at the end of Q3 2019, a decrease of 34.9% [61]. - The net cash outflow from operating activities was ¥572,504,739.56, compared to ¥754,483,052.07 in the previous period, reflecting a decrease in cash outflow [58]. Shareholder Information - The company reported a total of 12,818 common shareholders at the end of the reporting period [11]. - The largest shareholder, Shenzhen Zhongke Chuang Asset Management Co., Ltd., held 32.00% of the shares, totaling 77,667,917 shares [11]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,411,109,063.79, a decrease of 7.24% compared to the end of the previous year [7]. - Total liabilities decreased to ¥974,131,805.10 from ¥1,135,205,921.90, representing a reduction of about 14.2% [34]. - Current liabilities totaled ¥967,577,864.02, down from ¥1,125,205,728.37, showing a decline of approximately 13.9% [34]. - The company's equity attributable to shareholders increased to ¥436,977,258.69 from ¥386,093,268.03, marking an increase of about 13.2% [35]. - The total non-current assets amounted to ¥269,028,218.67, down from ¥287,418,380.81, indicating a decrease of about 6.4% [35]. Operational Highlights - The company reported a significant increase in operating income, with a rise of 1849.18% to ¥3.29 million from ¥168,789.24 [18]. - The company plans to maintain sufficient orders in the fourth quarter for its home appliance appearance composite materials business, with a slight increase in product gross margin compared to the same period last year [24]. - Research and development expenses for Q3 2020 were CNY 19,101,311.24, an increase of 39.73% from CNY 13,667,728.41 in Q3 2019 [41]. - The company experienced a credit impairment loss of CNY -3,793,167.80 in Q3 2020, compared to a loss of CNY -258,875,784.73 in the previous year [41]. Investment Activities - The company has not engaged in any securities or derivative investments during the reporting period [22][23]. - The company has ongoing investments in fixed assets totaling ¥158,487,327.67, which decreased from ¥173,598,027.74, reflecting a reduction of approximately 8.7% [35].