Mentech(SZ:002902)2020-10-28 16:00Financial Performance - Operating revenue for the reporting period was ¥455,211,260.74, representing a 44.57% increase year-on-year[7] - Net profit attributable to shareholders was ¥252,661.23, a significant increase of 114.21% compared to the same period last year[7] - The company reported a net profit attributable to shareholders of ¥-5,168,919.28 for the year-to-date, a decrease of 150.06%[7] - The company's operating revenue for the current period reached CNY 428,826,341.67, a 40.4% increase from CNY 305,370,174.72 in the previous period[53] - The net profit for the current period was CNY -2,223,127.01, compared to CNY -2,675,901.87 in the previous period, indicating an improvement in performance[54] - The total comprehensive income attributable to the parent company was CNY 90,013.51, a significant recovery from CNY -1,778,128.78 in the previous period[54] - The company reported a total comprehensive loss of CNY 763,726.87 for the quarter, an improvement from a loss of CNY 1,965,003.99 in the same period last year[50] - The net profit for the current period was CNY 331,305.29, a significant decrease of 95.7% from CNY 7,627,899.64 in the previous period[63] Assets and Liabilities - Total assets increased by 23.52% to ¥2,329,503,222.63 compared to the end of the previous year[7] - The company's total assets as of the end of the reporting period were CNY 1,145,507,261.90, compared to CNY 997,299,698.98 in the previous period, showing a growth of 14.9%[57] - The company's total liabilities increased to RMB 1.23 billion from RMB 803.66 million, representing a growth of approximately 53.1%[42] - Total liabilities amounted to CNY 803,661,694.67, with current liabilities at CNY 800,949,238.03[75] - The total assets reached CNY 1,698,045,740.19, with current assets totaling CNY 1,182,394,648.44[79] Cash Flow - The net cash flow from operating activities decreased by 76.35% to ¥23,291,956.65[7] - Cash flow from operating activities dropped by 113,049,137.50 RMB, a decrease of 63.70%, mainly due to increased cash payments for goods and services[21] - The cash flow from operating activities was impacted by an increase in cash payments to employees, totaling ¥78,549,739.37, compared to ¥73,779,996.76[68] - The cash flow from operating activities generated a net amount of CNY 64,435,157.10, a decrease of 63.7% from CNY 177,484,294.60 in the previous period[66] - The total cash inflow from operating activities was CNY 1,152,563,686.57, compared to CNY 1,052,187,667.22 in the previous period, indicating a growth in cash inflow[66] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,521[11] - The largest shareholder, Yang Xianjin, holds 45.40% of the shares, with 71,511,103 shares pledged[11] Inventory and Expenses - Inventory rose by 203,651,276.35 RMB, representing a 64.16% increase, primarily due to the consolidation of newly acquired subsidiaries and increased material stock[16] - Total operating costs amounted to CNY 462,446,930.21, up from CNY 318,092,244.65 year-on-year[49] - Financial expenses surged by 4,229,969.50 RMB, a 258.99% increase, mainly due to foreign exchange losses[19] - Research and development expenses for the quarter were CNY 23,551,645.28, slightly up from CNY 22,775,507.83, highlighting continued investment in innovation[49] Government and Regulatory Matters - The company announced that its major asset restructuring plan was not approved by the China Securities Regulatory Commission (CSRC) on October 16, 2020, which may impact its competitive positioning[26] - The company has implemented new revenue recognition standards effective from January 1, 2020, impacting financial reporting[81] - The third quarter report was not audited, which may affect the reliability of the financial data presented[82]