贝肯能源(002828) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue fell by 58.16% to CNY 171,300,073.17 year-on-year, and decreased by 43.94% to CNY 612,192,830.59 for the year-to-date[7] - Net profit attributable to shareholders was a loss of CNY 11,674,781.61, a decline of 914.16% compared to the same period last year[7] - The net cash flow from operating activities was a negative CNY 10,688,790.95, representing a 124.92% decrease year-on-year[7] - Basic and diluted earnings per share were both CNY -0.0581, a decrease of 930.00% compared to the same period last year[7] - The company's net profit for Q3 2020 was not explicitly stated, but the decrease in revenue and increase in costs indicate potential financial strain[36] - The net profit for the third quarter was a loss of CNY 11,596,206.95, compared to a profit of CNY 4,015,764.37 in the previous year[38] - The total profit for the year-to-date period was CNY 23,734,710.56, down from CNY 43,726,616.91 in the previous year[45] - The net profit for the current period is a loss of CNY 3,755,153.66, compared to a net profit of CNY 39,177,433.74 in the previous period[48] - The total comprehensive income for the current period is CNY 20,150,390.34, compared to CNY 36,159,100.49 in the previous period[48] Assets and Liabilities - Total assets decreased by 4.33% to CNY 2,413,354,374.24 compared to the end of the previous year[7] - Current assets decreased to CNY 1,142.69 million as of September 30, 2020, down from CNY 1,270.29 million at the end of 2019[30] - Total liabilities decreased to CNY 1,345.64 million as of September 30, 2020, compared to CNY 1,365.30 million at the end of 2019[33] - Long-term borrowings increased to CNY 202.50 million in Q3 2020, up from CNY 119.95 million in the previous year[33] - The company's total assets were valued at CNY 2,351,807,735.24, with current assets totaling CNY 1,270,294,570.25 and non-current assets at CNY 1,081,513,164.99[67] - Total liabilities amounted to CNY 1,501,702,401.18, with current liabilities at CNY 1,381,350,977.40 and non-current liabilities at CNY 120,351,423.78[62] - The total liabilities and equity combined amounted to CNY 2,522,693,035.55, reflecting the company's financial structure[62] Cash Flow - Cash and cash equivalents decreased by 54.88% to ¥117.8 million from ¥261.1 million due to reduced cash collection this year[15] - Cash flow from operating activities improved by 40.62%, with a net cash outflow of ¥31.7 million compared to ¥53.3 million in the previous period[15] - The net cash flow from operating activities is a negative CNY 31,652,057.76, an improvement from a negative CNY 53,308,694.49 in the previous period[53] - The total cash inflow from operating activities is CNY 635,317,873.00, down from CNY 1,058,558,912.66 in the previous period[53] - The total cash outflow from operating activities is CNY 666,969,930.76, compared to CNY 1,111,867,607.15 in the previous period[53] - The company incurred total cash outflows of 494,565,493.44 CNY from operating activities, a decrease of 32.2% compared to 729,031,990.43 CNY in the previous period[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,835[11] - The largest shareholder, Chen Pinggui, holds 16.37% of the shares, totaling 32,895,000 shares[11] Government Support - The company received government subsidies amounting to CNY 2,815,051.93, primarily from the Karamay Finance Bureau[8] Inventory and Receivables - Inventory rose by 63.76% to ¥277.1 million from ¥169.2 million, mainly due to unfulfilled contract performance this year[15] - Accounts receivable financing increased by 150.50% to ¥62.5 million from ¥24.9 million, primarily due to increased pledged notes receivable[15] Financial Expenses - Financial expenses surged by 451.40% to ¥25.2 million from a negative ¥7.2 million, primarily due to increased bank borrowings[15] - The company incurred financial expenses of CNY 25,205,765.38, compared to a negative financial expense of -CNY 7,172,888.46 in the previous year[45] Research and Development - The company reported a significant increase in research and development expenses to CNY 3.88 million in Q3 2020, compared to CNY 5.84 million in the previous year[36] - Research and development expenses for the quarter were CNY 3,597,414.17, down from CNY 5,258,153.39 in the previous year[40] - Research and development expenses increased to CNY 12,138,520.04 from CNY 9,780,313.31, reflecting a growth of approximately 24%[48] Changes in Accounting Standards - The implementation of the new revenue recognition standard resulted in a reclassification of pre-received customer payments from "prepayments" to "contract liabilities," affecting the financial statements[63][64] - The company reported a change in the accounting treatment of contract liabilities, moving from "prepayments" to "contract liabilities" under the new revenue recognition standard[71] - As of January 1, 2020, contract liabilities were reported at CNY 8,978,018.73, reflecting a significant adjustment in financial reporting[71] - As of September 30, 2020, contract liabilities increased to CNY 20,289,659.38 under the new revenue recognition standard[71]