CREAT(SZ:002350)2020-10-29 16:00Financial Performance - Operating revenue for the reporting period was ¥631,785,223.58, representing an increase of 8.40% year-on-year[8]. - Net profit attributable to shareholders was ¥34,417,241.40, a decrease of 9.08% compared to the same period last year[8]. - The basic earnings per share for the reporting period was ¥0.0690, down 2.13% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥34,240,168.34, an increase of 29.24% year-on-year[8]. - The estimated cumulative net profit for the year is projected to be between 48 million and 72 million RMB, representing a decline of approximately 41.73% compared to the previous year's 82.38 million RMB[35]. - Basic earnings per share are expected to be between 0.0946 and 0.1420 RMB, reflecting a decrease of about 39.24% from the previous year's 0.1557 RMB[35]. - The net profit for Q3 2020 was CNY 35,558,442.93, a decrease of 13.5% from CNY 40,879,307.19 in Q3 2019[55]. - The net profit for Q3 2020 was ¥17,164,651.33, down 41.3% from ¥29,329,118.11 in the same period last year[57]. - The total profit for Q3 2020 was ¥19,720,461.78, a decrease of 40.7% from ¥33,309,091.77 in the same period last year[57]. Cash Flow - The net cash flow from operating activities was ¥131,633,777.95, a significant increase of 394.87% compared to the previous year[8]. - The net cash flow from operating activities decreased by 63.93 million yuan, a decline of 588.11%, primarily due to delayed payments from the Southern Power Grid settlement adjustment[18]. - The net cash flow from investing activities increased by 45.54 million yuan, a growth of 65.43%, mainly due to reduced cash payments for fixed asset construction[19]. - The net cash flow from financing activities increased by 244.27 million yuan, a growth of 96.71%, primarily due to funds received from the employee stock ownership plan[19]. - The total cash inflow from operating activities was CNY 1,588,794,481.16, down from CNY 1,787,135,480.25 year-over-year[71]. - The net cash flow from operating activities was negative CNY 53,056,598.29, compared to a positive CNY 10,869,747.53 in the same quarter last year[67]. - Cash and cash equivalents at the end of the period stood at CNY 313,367,596.87, a decrease from CNY 398,782,775.68 at the beginning of the period[68]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,457,414,097.17, an increase of 2.24% compared to the end of the previous year[8]. - The company's total liabilities stood at approximately 1.420 billion RMB, slightly up from 1.412 billion RMB at the end of 2019[48]. - Total assets as of September 30, 2020, were approximately 3.457 billion RMB, up from 3.382 billion RMB at the end of 2019[48]. - The total equity attributable to shareholders increased to approximately 1.839 billion RMB from 1.775 billion RMB at the end of 2019[48]. - The total liabilities for Q3 2020 were CNY 1,333,093,640.39, an increase from CNY 1,292,177,599.62 in the same quarter last year[51]. - The company's equity increased to CNY 1,653,586,685.36 in Q3 2020, up from CNY 1,585,286,651.87 in Q3 2019, indicating a growth of 4.3%[51]. Shareholder Information - The total number of shareholders at the end of the reporting period was 28,872[12]. - The largest shareholder, Beijing Creative North Technology Development Co., Ltd., held 27.11% of the shares, with 73,717,295 shares pledged[12]. - The total number of shares pledged by the controlling shareholder reached 73,717,295 shares, accounting for 13.59% of the total share capital[25]. - The company repurchased a total of 4,627,021 shares, accounting for 0.8531% of the total share capital, with a total transaction amount of approximately 25.02 million yuan[20]. - The company has cumulatively repurchased 18,737,660 shares, representing about 3.4548% of the total share capital, with a total transaction amount of 111,752,392.62 RMB[30]. Investments and Expenditures - Long-term equity investments decreased by 31.03 million yuan, a reduction of 34.14%, primarily due to the consolidation of Anhui Hengzhi Copper Indium Gallium Selenium Technology Co., Ltd.[16]. - Development expenditures increased by 7.97 million yuan, a growth of 47.32%, mainly due to increased R&D investments during the reporting period[16]. - The company completed the acquisition of 30% equity in Shaanxi Keri Energy, obtaining a new business license from the Xi'an Market Supervision Administration[27]. - The company plans to use idle funds to invest in financial products, with a redemption of 2 million RMB principal and a return of 32,400 RMB[28]. - The company has recognized contract liabilities of ¥49.02 million, reflecting prepayments received from customers[81]. Research and Development - Research and development expenses for Q3 2020 were CNY 22,745,382.62, a decrease from CNY 24,660,104.24 in the previous year[54]. - Research and development expenses for Q3 2020 were ¥13,514,072.65, a decrease of 9.7% compared to ¥14,965,555.07 in the previous period[57]. - The company anticipates additional amortization expenses of approximately 28.5 million RMB due to the implementation of the employee stock ownership plan, contributing to the overall decline in net profit[35]. Accounting and Compliance - The company implemented new revenue and leasing standards starting January 1, 2020, leading to reclassification of certain assets and liabilities[77]. - The company has implemented new revenue recognition standards effective January 1, 2020, impacting the classification of certain assets and liabilities[82]. - The company has not conducted an audit for the third-quarter report, which may affect the reliability of the financial data presented[83].