Hytera(002583)2020-10-29 16:00Financial Performance - Operating revenue for the reporting period was ¥1,321,299,419.86, a decrease of 40.33% compared to the same period last year[9]. - Net profit attributable to shareholders of the listed company was a loss of ¥53,197,987.41, down 161.05% year-on-year[9]. - The net profit after deducting non-recurring gains and losses was a loss of ¥67,268,109.37, a decline of 188.80% compared to the previous year[9]. - Basic earnings per share were -¥0.03, a drop of 160.00% compared to the same period last year[9]. - Diluted earnings per share were also -¥0.03, reflecting a 160.00% decrease year-on-year[9]. - The total comprehensive income for the current period is -¥6,260,728.40, compared to ¥92,466,379.82 in the previous period[89]. - The net profit for the current period is -¥53,197,481.86, a significant decline from a net profit of ¥87,133,511.43 in the previous period[86]. - The company reported a significant increase in tax expenses, with current period taxes at -¥34,905,294.07 compared to -¥13,227,312.97 in the previous period[86]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥16,549,108,984.69, an increase of 0.41% compared to the end of the previous year[9]. - Net assets attributable to shareholders of the listed company were ¥6,318,453,407.55, reflecting a growth of 2.93% year-on-year[9]. - Total liabilities amount to CNY 10,230,206,940.89, down from CNY 10,343,612,234.87, reflecting a decrease of approximately 1.1%[70]. - Current liabilities total CNY 7,872,557,626.92, slightly increased from CNY 7,871,524,115.82 in the previous period[70]. - Non-current liabilities decreased to CNY 2,357,649,313.97 from CNY 2,472,088,119.05, indicating a reduction of about 4.6%[70]. - The total current assets as of September 30, 2020, amounted to 8,077,475,834.32 CNY, a decrease from 8,648,185,688.31 CNY in the previous period[64]. - The company has a total of ¥1,492,814,556.31 in accounts payable, indicating strong operational liabilities[142]. Cash Flow - The net cash flow from operating activities was ¥140,240,403.97, a decrease of 160.66% year-on-year[9]. - Cash inflow from operating activities totaled 5,206,691,399.06 CNY, down from 5,449,672,509.85 CNY year-over-year[113]. - The net cash flow from investing activities was 611,997,591.39 CNY, a significant improvement from -573,797,140.58 CNY in the previous period[116]. - Cash inflow from financing activities was 4,337,902,043.39 CNY, compared to 4,110,060,140.47 CNY in the previous period[116]. - The total cash and cash equivalents at the end of the period were 1,039,182,116.98 CNY, down from 683,022,971.66 CNY in the previous period[116]. Investments and Projects - The LTE Smart Network Cluster Comprehensive Solution Project has an investment commitment of RMB 67,349.8 million, with a cumulative investment of RMB 67,680.24 million, achieving an investment progress of 100.49%[43]. - The company has a total of 7 investment projects with a total commitment of RMB 380,811.9 million, of which 311,030.81 million has been invested cumulatively[43]. - The company has secured contracts totaling RMB 78 million for providing Tetra communication systems and terminals for the Santiago Metro in Chile, with most payments already received[47]. - A contract with the Netherlands Ministry of Security and Justice amounts to RMB 100,750.46 million, with cumulative revenue recognized at RMB 83,126 million and total payments received of RMB 63,245 million[47]. Revenue Recognition and Accounting Changes - The company has implemented new revenue and leasing standards starting from 2020, necessitating adjustments in the financial statements[124]. - The company has implemented new revenue recognition standards effective January 1, 2020, impacting its accounting policies[136].