东方精工(002611) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the third quarter was ¥774,467,679.35, a decrease of 76.96% year-on-year[9]. - Net profit attributable to shareholders was ¥98,519,590.30, down 53.70% compared to the same period last year[9]. - The net profit after deducting non-recurring gains and losses was ¥80,885,127.45, a decline of 59.28% year-on-year[9]. - Basic earnings per share were ¥0.07, down 41.67% year-on-year[9]. - Operating revenue for the first nine months of 2020 was RMB 1,951,958,904.48, a decrease of 74.82% compared to the same period in 2019[28]. - The company reported a 40.93% decrease in taxes and surcharges, totaling RMB 28,899,739.71, due to payments made for the previous year's taxes[27]. - The company reported a net loss attributable to shareholders of ¥1,054,955,408.75, an improvement from a loss of ¥1,280,673,461.14 in the previous year[68]. - The total comprehensive income for the current period is ¥148,258,989.28, up from ¥95,072,777.01 in the previous period[106]. Cash Flow - Net cash flow from operating activities was ¥219,576,247.92, an increase of 117.38% compared to the previous year[9]. - Cash flow from operating activities decreased to ¥248,985,657.24, down 83.7% from ¥1,520,251,473.05 in the previous period[109]. - Cash flow from investing activities showed a net outflow of ¥304,321,178.06, an improvement from a net outflow of ¥1,032,329,246.59 in the previous period[112]. - Cash flow from financing activities resulted in a net outflow of ¥545,229,881.16, compared to a net outflow of ¥1,651,923,456.49 in the previous period[112]. - The company received cash from operating activities totaling ¥2,359,647,829.66, a decrease of 50.8% from ¥4,805,180,011.07 in the previous period[109]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,310,617,968.46, representing a 0.59% increase compared to the end of the previous year[9]. - The company's total liabilities increased to ¥1,958,883,952.40 from ¥1,871,433,215.76, marking an increase of about 4.6%[68]. - The total equity attributable to shareholders of the parent company decreased to ¥4,282,835,760.02 from ¥4,337,064,607.87, reflecting a decline of approximately 1.25%[68]. - The company's short-term borrowings decreased by 33.86% to RMB 77,972,644.89, reflecting repayment of short-term loans[25]. - Long-term borrowings increased by 44.15% to RMB 323,114,266.24, reflecting new long-term loans taken during the period[27]. Research and Development - R&D expenses decreased by 50.96% to ¥53.66 million, but increased by 19.91% when excluding the impact of Pride data from the previous year[30]. - Research and development expenses amounted to CNY 18,458,518.75, down from CNY 50,475,710.14, indicating a significant reduction in R&D investment[81]. - Research and development expenses for the current period are CNY 53,663,442.74, compared to CNY 109,424,959.04 in the previous period, showing a reduction[92]. Investments - Investment income increased by 217.25% to ¥53.53 million, attributed to enhanced financial asset investments[30]. - The total investment in financial assets amounts to CNY 6,460,628,142.11, with a fair value change gain of CNY 63,552,041.73 during the reporting period[42]. - The company has invested CNY 231,300,000 in entrusted financial management, with CNY 62,200,000 remaining balance[50]. Other Financial Metrics - The weighted average return on equity was 2.22%, a decrease of 2.76% compared to the previous year[9]. - The company experienced an 84.39% decrease in non-operating income to ¥2.11 million, due to the absence of previous equity acquisition income[30]. - Other income increased by 6.46% to ¥8.42 million, mainly due to increased government subsidies related to daily operations[30]. - The company reported a fair value of trading financial assets at CNY 1,433,042,488.86 as of September 30, 2020, an increase from CNY 1,164,039,381.59 at the beginning of the period[59]. Corporate Governance - The company completed the election of the fourth board of directors and supervisory board, with a term of three years[37]. - The company has not reported any violations regarding external guarantees during the reporting period[51]. - There are no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[52].