建艺集团(002789) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 16,523,611.98, down 52.15% year-on-year[8]. - Operating revenue for the reporting period was CNY 613,516,544.25, a decline of 16.44% compared to the same period last year[8]. - Basic earnings per share were CNY 0.12, down 52.00% compared to the same period last year[8]. - The weighted average return on net assets was 1.36%, a decrease of 1.37% year-on-year[8]. - The company reported a net profit of CNY 495,695,486.87, up from CNY 461,962,415.09, indicating an increase of about 7.3% in retained earnings[33]. - The company’s total comprehensive income for Q3 2020 was CNY 16,523,611.98, down from CNY 34,256,450.70 in Q3 2019[40]. - The total profit for Q3 2020 was CNY 54,698,564.53, a decrease of 42% compared to CNY 95,031,190.98 in Q3 2019[50]. Cash Flow - The net cash flow from operating activities was CNY -119,916,341.74, representing a decrease of 223.50% year-on-year[8]. - Operating cash flow turned negative at -¥371,716,963.78, a decline of 212.79% compared to the previous year, attributed to increased procurement payments and reduced sales collections[18]. - The net cash flow from operating activities was negative at CNY -371,716,963.78, compared to a positive CNY 329,573,850.48 in Q3 2019[52]. - Total cash inflow from operating activities was 1,445,916,300.79 yuan, down 13.0% from 2,149,164,688.09 yuan year-on-year[57]. - The net cash flow from financing activities was -67,933,048.65 yuan, an improvement from -486,513,804.08 yuan in the previous period[57]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,431,920,993.20, a decrease of 2.97% compared to the end of the previous year[8]. - Total liabilities decreased to CNY 3,215,759,306.04 from CNY 3,386,275,440.11, indicating a reduction of about 5%[32]. - The company's total equity increased to CNY 1,216,161,687.16 from CNY 1,181,467,966.77, reflecting an increase of approximately 2.9%[33]. - The company reported a decrease in accounts receivable by CNY 224,686,059.21, from CNY 2,200,271,959.41 to CNY 1,975,585,900.20[64]. - The company’s short-term borrowings increased to CNY 1,491,006,789.97 from CNY 1,468,641,866.43, an increase of approximately 1.8%[32]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,990[12]. - The largest shareholder, Liu Haiyun, holds 43.43% of the shares, with 44,870,000 shares pledged[12]. - The company did not engage in any repurchase transactions during the reporting period[13]. Research and Development - Research and development expenses decreased by 33.77% to ¥47,464,647.95 due to reduced investment amid the COVID-19 pandemic[18]. - Research and development expenses for Q3 2020 were CNY 19,810,379.27, a decrease of 21.2% from CNY 25,170,973.79 in Q3 2019[42]. Other Financial Metrics - The company received government subsidies totaling CNY 3,943,087.22, primarily for loan interest support and R&D funding[9]. - The company reported a credit impairment loss of CNY -20,829,541.94 in Q3 2020, an improvement from CNY -37,519,393.72 in Q3 2019[42]. - The company incurred a credit impairment loss of CNY -44,558,764.83, an improvement from CNY -65,686,532.15 in the previous year[51]. Changes in Financial Reporting - The company adjusted its financial statements in accordance with new revenue and leasing standards, impacting the balance sheet[58]. - The company has implemented new revenue recognition standards effective from January 1, 2020, impacting the financial statements[67]. - The third-quarter report was not audited, indicating that the figures may be subject to change upon final review[68].