天原股份(002386) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the period was ¥7,108,208,099.23, representing a decline of 6.55% year-on-year and a decrease of 17.38% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥58,473,811.27, an increase of 1,014.31% compared to the previous period, but a decrease of 80.51% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥43,159,756.64, reflecting an increase of 879.26% compared to the previous period, but a decrease of 105.56% year-on-year[7]. - Basic earnings per share for the period were ¥0.0749, up 1,013.41% from the previous period, but down 80.56% year-on-year[7]. - The weighted average return on net assets was 1.18%, an increase of 1,007.69% compared to the previous period, but a decrease of 78.77% year-on-year[7]. - The net profit for the period decreased by 87.56% to ¥6,120,397.74, significantly impacted by the pandemic[18]. - Operating profit fell by 47.44% to ¥54,069,664.82, also due to pandemic-related effects[18]. - The company expects a cumulative net profit of approximately ¥40 million for the year, reflecting a decrease of 49.21% compared to the previous year[24]. - The net profit for the current period is reported at -¥29,787,370.12, an improvement from -¥52,190,524.21 in the previous period, indicating a reduction in losses[48]. - The net profit attributable to the parent company was CNY 15,343,826.21, compared to CNY 78,716,456.50 in the previous year, indicating a decline of about 80.5%[54]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥14,868,623,114.01, a decrease of 7.96% compared to the end of the previous year[7]. - The company's total assets increased to ¥13,575,674,125.11 from ¥12,407,330,832.40, representing a growth of 9.39%[39]. - The company's total liabilities stood at CNY 9.68 billion, compared to CNY 8.70 billion in the previous year, marking an increase of around 11.1%[36]. - Total liabilities rose to ¥8,955,653,951.89, up from ¥7,634,621,910.50, marking an increase of 17.31%[39]. - The company's total equity attributable to shareholders increased to CNY 4.98 billion from CNY 4.97 billion, reflecting a marginal growth of about 0.2%[36]. - The company reported a short-term loan of CNY 5.43 billion, which is an increase from CNY 4.98 billion, representing a rise of approximately 9.0%[35]. - The company’s long-term borrowings rose to CNY 730 million from CNY 394.38 million, indicating an increase of about 85.0%[35]. - The company's total liabilities amounted to CNY 7,634,621,910.50, with current liabilities at CNY 7,576,135,475.95[77]. Cash Flow - The net cash flow from operating activities was ¥215,625,852.17, an increase of 1.51% compared to the previous period, but a decrease of 8.11% year-on-year[7]. - The company reported a net cash flow from operating activities of ¥453,285,184.51, down 8.11% from the previous period[18]. - The total cash inflow from financing activities reached approximately ¥7.12 billion, an increase of 23.3% from ¥5.77 billion year-on-year[64]. - The cash flow from financing activities showed a net outflow of approximately -¥191.41 million, an improvement from -¥345.92 million in the previous year[67]. - The cash paid for taxes decreased to approximately ¥9.50 million from ¥21.82 million year-on-year, indicating a reduction of 56.5%[66]. - The company reported a net increase in cash and cash equivalents of approximately ¥369.13 million, compared to a decrease of -¥148.97 million in the same period last year[64]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,810[10]. - The largest shareholder, Yibin State-owned Assets Management Co., Ltd., held 16.88% of the shares, totaling 131,847,574 shares[10]. Investments and R&D - The company reported government subsidies of ¥28,068,210.34 during the reporting period[7]. - Research and development expenses for Q3 2020 were ¥39,089,342.60, down from ¥50,123,417.17, a reduction of 22.00%[42]. - Research and development expenses decreased to -¥513,939.90 from ¥1,193,394.12, showing a significant reduction in R&D spending[47]. - The company reported an increase in investment income to ¥1,335,970.99 from a loss of ¥1,651,904.89 in the previous year[42]. - The investment income for the current period is -¥1,156,446.75, compared to -¥892,775.32 in the previous period, indicating a worsening in investment performance[48]. Inventory and Receivables - Accounts receivable rose by 106.70% to ¥379,769,727.63, mainly due to new credit extensions[16]. - The company's inventory decreased to CNY 624.62 million from CNY 640.84 million, a decline of approximately 2.5%[32]. - The total amount of accounts payable was CNY 1.23 billion, which is a critical component of current liabilities[71]. Other Financial Metrics - The company has successfully transitioned its chlorination titanium dioxide project to a usable state during the reporting period[19]. - The company has begun supplying ternary cathode materials to Ningde Times, indicating a successful product launch[19]. - The company's cash and cash equivalents increased by 35.50%, reaching ¥3,034,631,753.42, primarily due to new financing[16]. - Trade financial assets surged by 1261.17% to ¥314,947.50, attributed to increased futures trading activities[16]. - The company incurred a credit impairment loss of CNY -722,118.36, contrasting with a gain of CNY 1,294,699.34 in the previous year, marking a significant change[57].