康达新材(002669) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period reached ¥623,266,765.63, a significant increase of 151.44% year-on-year[7] - Net profit attributable to shareholders increased by 172.58% to ¥85,870,237.05 for the reporting period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 190.11% to ¥91,071,328.52[7] - Basic earnings per share for the reporting period was ¥0.341, reflecting a growth of 172.80%[7] - The company's net profit attributable to shareholders increased by 32.47% to ¥673,493,698.85 from ¥508,393,859.98, driven by higher sales and profits[15] - The net profit for the third quarter reached CNY 84,656,054.60, a significant increase from CNY 31,253,577.14 in the same period last year, representing a growth of approximately 170%[46] - Operating profit for the quarter was CNY 103,572,555.18, up from CNY 38,263,691.54 in the previous year, indicating a growth of about 171%[46] - Basic and diluted earnings per share for the quarter were both CNY 0.341, compared to CNY 0.125 in the same period last year, representing a growth of 172%[47] - The total comprehensive income for the quarter was CNY 86,204,421.93, compared to CNY 31,253,577.14 in the previous year, showing an increase of approximately 175%[47] Assets and Liabilities - Total assets increased by 21.92% to ¥3,109,092,872.27 compared to the end of the previous year[7] - The company’s total assets under construction rose by 156.68% to ¥26,977,839.03 from ¥10,510,133.81, reflecting increased project construction during the reporting period[15] - Current liabilities increased to ¥787,602,682.39 from ¥410,461,745.67, representing a growth of approximately 92%[38] - Total liabilities reached CNY 416,409,509.95, with current liabilities at CNY 410,461,745.67 and non-current liabilities at CNY 5,947,764.28[70] - The total liabilities to equity ratio stands at approximately 0.20, indicating a conservative leverage position[71] Cash Flow - The net cash flow from operating activities was negative at -¥131,159,273.10, a decline of 1,003.21% compared to the previous year[7] - The company reported a net cash flow from operating activities of -¥125,814,749.95, a 191.26% decrease compared to ¥137,861,888.30 in the previous year, mainly due to increased payments for goods and services[16] - The net cash flow from operating activities was -125,814,749.95 CNY, compared to 137,861,888.30 CNY in the previous period, indicating a significant decline[62] - Total cash inflow from operating activities reached 1,090,413,411.69 CNY, up from 815,897,563.39 CNY year-over-year[62] - Cash outflow from operating activities increased to 1,216,228,161.64 CNY, compared to 678,035,675.09 CNY in the same period last year[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,124[11] - The largest shareholder, Tangshan Jin Kong Industrial Incubator Group Co., Ltd., held 24.99% of the shares[11] - The company plans to repurchase shares at a price not exceeding 20 RMB per share, with a total repurchase amount between 10 million and 20 million RMB[21] - As of September 16, 2020, the company repurchased a total of 947,400 shares, accounting for 0.3752% of the total share capital, with a total transaction amount of 12,809,198 RMB[21] Research and Development - Research and development expenses increased by 31.87% to ¥56,087,839.30 from ¥42,533,211.33, reflecting the company's commitment to enhancing its R&D efforts[16] - Research and development expenses increased to CNY 19,919,880.35, compared to CNY 10,099,160.27 in the previous period, reflecting a growth of approximately 97%[46] - The company has invested 4.15 million RMB in the R&D center expansion project from January to September 2020, with 56.14 million RMB of raised funds remaining unused[25] Future Plans and Investments - The company plans to increase its bank credit limit from ¥12 billion to ¥22 billion to support daily operations and business expansion[19] - The company is focusing on expanding its product lines and enhancing R&D capabilities to drive future growth[72] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39] Inventory and Receivables - Accounts receivable increased by 67.99% to ¥924,785,420.33 from ¥550,499,194.72, attributed to higher sales during the reporting period[15] - The company reported a significant increase in accounts receivable, which rose to ¥734,837,027.72 from ¥397,182,182.73, reflecting a growth of about 85%[39] - The company’s inventory increased by 45.86% to ¥225,444,936.77 from ¥154,559,240.66, due to increased stockpiling during the reporting period[15] - The company reported inventory of CNY 154,559,240.66, indicating a stable supply chain management[69] Financial Health - The company's cash and cash equivalents reached ¥256,877,756.03, up from ¥172,939,717.88, marking a growth of about 48%[39] - The total owner's equity increased to ¥2,316,011,600.31 from ¥2,133,708,663.63, reflecting an increase of approximately 8.5%[39] - The company has long-term equity investments valued at CNY 63,082,060.57, indicating a commitment to strategic partnerships[69] - The company has a goodwill of CNY 328,226,998.45, which may reflect past acquisitions and market positioning[71]