兴业科技(002674) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥422,961,117.45, reflecting a year-on-year increase of 6.80%[7] - Net profit attributable to shareholders was ¥43,362,358.76, a significant increase of 74.63% compared to the same period last year[7] - Basic earnings per share were ¥0.1486, up 80.78% year-on-year[7] - The company reported a net profit of ¥43,716,447.52 after deducting non-recurring gains and losses, which is a decrease of 50.57% year-on-year[7] - The company's operating revenue for Q3 2020 was CNY 422,961,117.45, an increase of 6.5% compared to CNY 396,020,318.97 in the same period last year[52] - The net profit for Q3 2020 reached CNY 43,301,835.97, representing a significant increase of 74.5% from CNY 24,792,062.55 in Q3 2019[54] - The total profit for Q3 2020 was CNY 51,607,774.17, up from CNY 29,634,641.70 in Q3 2019, indicating a growth of 74.1%[54] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,007,020,265.84, an increase of 1.06% compared to the previous year[7] - The total liabilities increased to CNY 928,421,845.57 from CNY 669,314,940.29, representing a year-over-year increase of approximately 38.7%[45] - Current liabilities increased to CNY 893,365,465.84 from CNY 635,977,071.61 year-over-year, reflecting a growth of approximately 40.5%[45] - The company's total current assets amounted to CNY 2,249,328,052.45, an increase from CNY 2,215,176,866.33 at the end of 2019[42] - Total liabilities reached CNY 669,314,940.29, with current liabilities at CNY 635,977,071.61 and non-current liabilities at CNY 33,337,868.68[80] Cash Flow - The net cash flow from operating activities was ¥46,415,875.90, a decrease of 70.05% compared to the previous year[7] - Net cash flow from operating activities surged by 265.52% to ¥58,337,970.28 primarily due to reduced tax payments[18] - The company reported a net cash outflow from investing activities of ¥24,831,184.06, a 26.38% improvement compared to the previous period[18] - The net cash flow from operating activities for Q3 2020 was ¥58,337,970.28, a significant increase from ¥15,960,350.47 in Q3 2019, indicating improved operational efficiency[70] - Cash outflows for operating activities totaled ¥669,269,041.97, down from ¥1,271,514,305.15 in the previous year, indicating better cost management[70] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,263[11] - The largest shareholder, Shihezi Wanxing Equity Investment Partnership, held 29.04% of the shares, totaling 84,744,000 shares[11] - The company implemented a cash dividend policy where the minimum proportion of cash dividends in profit distribution is set at 80% for mature stages without major capital expenditures[27] - The company requires that the distributable profit for the year or half-year must be positive for cash dividends to be implemented[27] - The company has committed to avoiding related party transactions that could harm shareholder interests[26] Investment and Expenses - Investment income decreased by 50.66% to ¥5,778,462.45 mainly due to a decline in profits from the associated company Fujian Xingye Dongjiang Environmental Technology Co., Ltd.[17] - Research and development expenses for Q3 2020 were CNY 9,684,186.77, slightly down from CNY 10,119,057.38 in Q3 2019[53] - The company reported a significant reduction in sales expenses, which were CNY 11.15 million compared to CNY 12.06 million in the previous year, reflecting a decrease of 7.1%[65] Compliance and Governance - The company will not engage in any business that competes with its subsidiaries to avoid conflicts of interest[26] - The company’s board of directors will ensure compliance with regulations regarding related party transactions[26] - An unqualified audit report from the auditing agency is necessary for the implementation of cash dividends[27] Changes in Financial Position - The company's retained earnings decreased to CNY 342,428,622.97 from CNY 474,589,596.46, a decline of about 28%[46] - The total owner's equity as of September 30, 2020, was CNY 2,078,598,420.27, down from CNY 2,306,119,240.11 at the end of 2019[46] - The company reported an undistributed profit of CNY 450,213,750.86[85] - Other comprehensive income was recorded at CNY 49,101,535.77[85]