兴森科技(002436) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥81.10 million, a decrease of 11.77% year-on-year[5] - Operating revenue for the period was ¥961.96 million, down 2.37% compared to the same period last year[5] - Basic earnings per share decreased to ¥0.05, down 16.67% year-on-year[5] - The weighted average return on equity was 2.60%, a decrease of 0.85% compared to the previous year[5] - Total operating revenue for Q3 2020 was CNY 961,956,660.84, a decrease of 2.7% compared to CNY 985,322,210.70 in the same period last year[31] - Operating profit for Q3 2020 was CNY 90,228,820.15, down 18.5% from CNY 110,621,956.94 in Q3 2019[31] - Net profit attributable to shareholders for Q3 2020 was CNY 81,101,048.00, a decrease of 11.7% compared to CNY 91,921,847.93 in the previous year[31] - The company's total operating income for the consolidated financial statements was ¥3,008,497,396.47, a rise of 9.3% from ¥2,751,227,201.00 in the previous year[36] - The consolidated net profit attributable to the parent company was ¥457,396,065.52, an increase of 98.1% compared to ¥230,880,618.33 in the previous year[37] Assets and Liabilities - Total assets increased to approximately ¥6.15 billion, up 18.17% from the previous year-end[5] - Cash and cash equivalents increased by 120.30% to ¥1,162,892,239.75 due to increased bank borrowings[12] - The company's total liabilities rose to CNY 2,692,893,945.71 from CNY 2,234,597,004.57, marking an increase of around 20.5%[27] - The company reported a short-term loan of CNY 831,175,154.99, which is a significant increase from CNY 403,562,551.00 in the previous year, representing a rise of approximately 106.2%[26] - Total current assets amounted to CNY 1,129,272,923.87 as of Q3 2020[51] - Total liabilities reached CNY 1,214,214,986.77, with current liabilities at CNY 733,443,362.55[52] Cash Flow - The net cash flow from operating activities reached ¥92.34 million, a significant increase of 1,511.55%[5] - Cash flow from operating activities generated ¥330.06 million, an increase from ¥299.31 million in the previous year[41] - The net cash flow from operating activities for Q3 2020 was ¥188,142,380.40, a decrease of 48% compared to ¥361,424,670.48 in Q3 2019[44] - Cash inflow from financing activities amounted to ¥915,500,000.00, a substantial increase from ¥70,000,000.00 in Q3 2019[44] Investment and Income - The company reported non-operating income of ¥241.19 million from the disposal of non-current assets[5] - Investment income surged by 3888.37% to ¥243,485,453.15 primarily from the sale of a 16% stake in Shanghai Zefeng Semiconductor Technology Co., Ltd.[13] - The company recorded an investment income of ¥243,485,453.15, a substantial increase from ¥6,104,881.66 in the previous year, indicating successful investment strategies[36] Shareholder Information - The number of total shareholders at the end of the reporting period was 154,510[7] - The largest shareholder, Qiu Xingya, holds 18.38% of the shares, totaling 273,519,604 shares[7] Research and Development - Research and development expenses increased to CNY 67,156,586.97, up 34.5% from CNY 49,916,597.34 in Q3 2019[31] - Research and development expenses increased to ¥12,934,924.40, up 136.1% from ¥5,456,246.05 in the previous period, indicating a strong focus on innovation[34] - Research and development expenses increased to ¥28.03 million, representing a 48.5% rise compared to ¥18.84 million in the same quarter last year[39] Financial Management - The company did not engage in any repurchase transactions during the reporting period[9] - The company has not engaged in any non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[22] - The company has not reported any high-risk entrusted financial management situations that could lead to impairment[21] - The company has adopted new revenue and leasing standards starting January 1, 2020, which required adjustments to the financial statements[45] - The company has implemented new revenue recognition standards, impacting the classification of customer prepayments into contract liabilities[53] Tax and Expenses - The company reported a significant increase in tax payments, totaling ¥28,286,151.01 in Q3 2020, compared to ¥17,623,674.69 in Q3 2019[44] - The company's tax expenses for the quarter were ¥9.77 million, significantly higher than ¥2.00 million in the same period last year[39] - The company reduced its sales expenses to ¥1,861,835.09 from ¥3,323,756.14, indicating improved cost management[33] Overall Growth - The total comprehensive income for the current period was ¥486,042,934.44, compared to ¥250,707,706.50 in the previous year, showcasing overall growth[37] - The company reported a comprehensive income total of CNY 84,258,640.62 for Q3 2020, compared to CNY 94,008,049.59 in the same period last year[32]