顾地科技(002694) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 378,415,774.74, down 16.06% year-on-year [7]. - Net profit attributable to shareholders was a loss of CNY 11,365,901.91, representing a decline of 141.57% compared to the same period last year [7]. - Basic earnings per share were -CNY 0.02, a decrease of 140.00% year-on-year [7]. - The net profit for Q3 2020 was a loss of CNY 14,156,108.47, compared to a profit of CNY 27,117,418.88 in the same period last year [62]. - The company reported a comprehensive income total of CNY -14,156,108.47, down from CNY 27,117,418.88 in the previous year [63]. - Basic and diluted earnings per share for Q3 2020 were both CNY -0.02, compared to CNY 0.05 in the previous period [63]. - The net profit for the third quarter was a loss of ¥38.02 million, compared to a loss of ¥4.55 million in the previous year, indicating a significant decline in profitability [70]. - The company reported a total comprehensive loss of ¥38.02 million for the quarter, compared to a comprehensive income of ¥4.26 million in the previous year [71]. Cash Flow - The net cash flow from operating activities was CNY 36,628,126.87, a decrease of 11.84% compared to the previous year [7]. - Cash received from operating activities decreased by ¥87,366,912.80, a reduction of 56.62% compared to the same period in 2019, mainly due to a decrease in receivables [21]. - Cash received from financing activities increased by ¥192,969,353.56, an increase of 433.96% compared to the same period in 2019, primarily due to increased financing activities [22]. - The net cash flow from operating activities for Q3 2020 was ¥31,682,675.65, a decrease of 27.5% compared to ¥43,683,731.92 in Q3 2019 [78]. - Total cash inflow from operating activities was ¥1,100,012,082.54, down 20.1% from ¥1,377,487,246.75 in the previous year [78]. - The net cash flow from investing activities was -¥8,382,019.40, worsening from -¥3,178,099.40 in the same period last year [79]. - Cash inflow from financing activities was ¥515,744,537.89, an increase of 82.0% compared to ¥284,057,184.33 in Q3 2019 [79]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,845,783,724.65, a decrease of 2.40% compared to the end of the previous year [7]. - The company's current assets totaled CNY 1,004,732,219.69, slightly down from CNY 1,013,294,116.83 at the end of 2019, with cash and cash equivalents decreasing from CNY 134,241,427.75 to CNY 37,818,088.23 [53]. - The total liabilities decreased from CNY 1,837,447,790.77 to CNY 1,805,483,019.09, with current liabilities accounting for CNY 1,750,989,918.01 [55]. - The company reported a significant reduction in short-term borrowings from CNY 340,763,835.23 to CNY 228,034,820.79 [54]. - Total liabilities decreased to CNY 762,263,386.11 from CNY 812,074,893.37 [61]. - Total equity decreased to CNY 947,618,929.12 from CNY 962,981,083.78 [61]. Operational Changes - Cash and cash equivalents decreased by CNY 96,423,339.52, a reduction of 71.83% due to repayment of bank loans [15]. - Accounts receivable notes decreased by CNY 4,786,315.56, down 48.06% due to a reduction in received notes [15]. - Prepayments increased by CNY 36,586,817.13, an increase of 98.02% due to increased raw material reserves [15]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period [12]. - The company did not engage in any non-operational fund occupation by controlling shareholders or related parties during the reporting period [49]. Tax and Expenses - Tax payable increased by ¥11,852,267.64 as of September 30, 2020, an increase of 39.59% compared to December 31, 2019, primarily due to increased tax expenses [16]. - The income tax expense for the first nine months of 2020 increased by CNY 5,493,786.97, representing a 1195.48% increase compared to the same period in 2019, primarily due to a decrease in the provision for deferred tax assets [27]. - Research and development expenses were CNY 12,564,205.19, slightly down from CNY 13,915,488.58 [61]. - The company incurred a tax expense of ¥10.31 million, up from ¥5.59 million in the previous year [70]. Future Outlook - The company has not provided specific guidance or outlook for future performance in the report [51]. - The company has ongoing construction projects with a value of CNY 636,193,958.09, indicating future growth potential [85].