山东墨龙(002490) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -136,664,317.23, a decline of 166.98% year-on-year[7] - Operating revenue for the period was CNY 875,271,364.45, down 14.50% compared to the same period last year[7] - The net cash flow from operating activities was CNY 27,666,911.37, a decrease of 75.47% year-on-year[7] - Basic earnings per share were CNY -0.1713, reflecting a decline of 166.82% compared to the same period last year[7] - The weighted average return on net assets was -8.71%, a decrease of 6.07% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -119,999,165.37, down 111.47% year-on-year[7] - The net loss for the period was CNY 136,515,734.95, compared to a net loss of CNY 58,883,994.14 in the previous year, indicating a significant increase in losses[50] - The total profit for the period was -127,575,640.50 CNY, compared to a profit of 89,978,818.50 CNY in the same period last year[61] Assets and Liabilities - Total assets decreased by 8.66% to CNY 5,239,214,698.30 compared to the end of the previous year[7] - The company's total assets decreased to CNY 5,255,618,856.74 from CNY 5,606,978,000.43, a decline of approximately 6.2%[46] - The company's total liabilities were CNY 3,710,184,079.08, down from CNY 3,946,792,835.99, showing a decrease of about 6.0%[41] - Total liabilities were reported at CNY 3,026,223,794.18, down from CNY 3,249,333,645.06, representing a decrease of about 6.9%[46] - The company's equity attributable to shareholders decreased to CNY 1,501,911,768.41 from CNY 1,747,518,970.85, a decline of approximately 14.1%[42] - The company reported a significant increase in expected liabilities, rising 217.77% to RMB 18,221,690.58, attributed to increased provisions for pending investor litigation claims[16][12] - The company’s total current liabilities decreased, with accounts payable down 56.64% to RMB 122,085,459.33, due to reduced procurement volumes[16][21] Shareholder Information - The company reported a total of 30,868 shareholders at the end of the reporting period[11] - The largest shareholder, Hong Kong Central Clearing Limited, held 30.93% of the shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] - The company reported no overdue commitments from major shareholders or related parties during the reporting period[28] Revenue and Costs - The company's operating revenue for the first nine months of 2020 was RMB 2,221,649,056.27, a decrease of 34.68% compared to RMB 3,401,134,829.18 in the same period of 2019[19][21] - The total operating revenue for the third quarter was CNY 875,271,364.45, a decrease of 14.5% compared to CNY 1,023,689,794.92 in the same period last year[48] - The total operating costs amounted to CNY 992,084,376.80, down from CNY 1,082,126,080.03, reflecting a reduction of 8.3%[49] - The total operating expenses increased to 26,971,496.65 CNY from 16,582,013.64 CNY year-over-year, indicating a rise of approximately 62.5%[61] Cash Flow - The net cash flow from operating activities decreased by 76.68% to RMB 90,134,212.67, down from RMB 386,518,038.08 in the previous year[23][21] - Cash and cash equivalents at the end of the period were 463,966,771.21 CNY, down from 532,756,521.89 CNY at the end of the previous year[64] - The cash flow from financing activities showed a net outflow of -109,079,834.38 CNY, compared to -457,538,433.29 CNY in the same period last year[64] - The company reported a decrease in cash inflow from investment activities, with a net cash flow of -22,900,369.23 CNY compared to 40,007,689.18 CNY in the previous year[64] Research and Development - Research and development expenses increased to CNY 21,912,838.64, up from CNY 17,936,525.05, marking a rise of 22.3%[49] - The company's R&D expenses for Q3 2020 were CNY 21,912,838.64, an increase of 22.5% from CNY 17,936,525.05 in Q3 2019[52] Other Financial Metrics - The company incurred a credit impairment loss of -4,266,940.60 CNY, which is an increase from -3,341,708.14 CNY in the previous year[61] - The company reported a credit impairment loss of CNY 3,583,243.11, compared to a gain of CNY 155,699.92 in the previous year[49] - The comprehensive loss for the period was CNY 135,826,499.65, compared to a comprehensive loss of CNY 59,394,434.90 in the previous year[50] - The basic and diluted earnings per share for Q3 2020 were both negative at CNY -0.3083, compared to CNY -0.0416 in Q3 2019[58] Corporate Changes - Control of the company changed hands, with Zhang Enrong transferring voting rights of 29.53% of shares to Shandong Shouguang Jinxin Investment Development Holding Group Co., Ltd.[26] - The company plans to liquidate its subsidiary, Shouguang Baolong Management Consulting Co., Ltd., as part of its restructuring efforts[25] Audit and Reliability - The third quarter report was not audited, which may affect the reliability of the financial data presented[69]