宇新股份(002986) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 25.65% to CNY 619,334,152.02 for the current period, and by 23.83% to CNY 1,827,496,615.96 year-to-date[8] - Net profit attributable to shareholders was a loss of CNY 19,216,789.51, down 119.66% compared to the same period last year[8] - Basic earnings per share were -CNY 0.17, a decrease of 114.78% year-on-year[8] - Total operating revenue for the third quarter was CNY 619,334,152.02, a decrease of 25.7% compared to CNY 832,990,461.26 in the same period last year[36] - The company reported a net loss of CNY 19,832,889.66, compared to a net profit of CNY 95,866,130.44 in the previous year, indicating a significant decline in profitability[38] - The gross profit margin for the period was negative, with operating profit recorded at CNY -21,247,539.29, contrasting sharply with a profit of CNY 114,639,366.60 in the prior year[37] - Basic and diluted earnings per share were both CNY -0.17, compared to CNY 1.15 in the previous year, highlighting a significant downturn in earnings[38] - The total comprehensive income for Q3 2020 was ¥7,478,747.15, compared to ¥224,667.77 in Q3 2019, showing a remarkable growth[41] - The total profit for Q3 2020 was ¥10,156,688.84, compared to ¥299,557.03 in Q3 2019, indicating a substantial increase[40] Assets and Liabilities - Total assets increased by 78.07% to CNY 2,277,296,783.02 compared to the end of the previous year[8] - The total liabilities of the company as of September 30, 2020, were CNY 284,825,313.42, compared to CNY 211,805,046.06 at the end of 2019, indicating an increase of about 34.4%[30] - The company's equity attributable to shareholders rose to CNY 1,915,761,059.53 from CNY 988,792,453.64, reflecting a growth of approximately 93.5%[31] - The company's cash and cash equivalents increased to CNY 838,589,589.51 from CNY 401,582,994.25 year-over-year, representing a growth of approximately 108.7%[28] - The company's accounts receivable decreased to CNY 15,639,663.27 from CNY 25,663,917.65, a decline of approximately 38.9%[28] - The company's inventory increased to CNY 54,985,992.03 from CNY 51,198,674.59, showing a rise of about 7.0%[28] Cash Flow - Net cash flow from operating activities decreased by 36.79% to CNY 89,317,579.07 for the current period[8] - Cash flow from operating activities was ¥59,414,729.67, a decrease from ¥200,398,202.48 in the previous year, highlighting a decline in operational cash generation[50] - The company reported cash inflow from investment activities of ¥298,635,873.50, compared to ¥3,381,800.03 in the same period last year, showing a substantial increase in investment recovery[51] - Total cash outflow from investment activities was ¥761,998,603.52, significantly higher than ¥195,924,008.93 in the previous year, indicating increased capital expenditures[51] - The net cash flow from financing activities was ¥841,144,955.58, a notable increase from ¥120,000,000.00 in the same period last year, reflecting strong financing efforts[51] Government Support and Investments - The company reported government subsidies of CNY 6,537,728.06, primarily related to business operations[9] - The company has invested CNY 74,682.5 million in its annual production project of 150,000 tons of anhydride, achieving a construction progress of 62.23% as of September 30, 2020[20] - The project is expected to be completed by March 30, 2020, with a total planned investment of CNY 100,000 million[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,299[11] - The company did not engage in any repurchase transactions during the reporting period[12] Research and Development - Research and development expenses were CNY 10,001,335.75, a decrease of 74.5% from CNY 39,323,786.43 in the same quarter last year[37] - The company's R&D expenses for the year-to-date period were ¥64,898,178.60, down from ¥94,275,501.80 in the previous year, a decrease of 31.1%[43] Miscellaneous - The decline in revenue and profit was attributed to the impact of COVID-19, leading to a sluggish market and decreased sales[15] - The company reported no significant contracts or external guarantees during the reporting period[21][22] - There were no investments in securities or derivatives during the reporting period[18][19] - The third quarter report has not been audited[56] - The company implemented new revenue and lease standards starting from 2020, with retrospective adjustments to prior comparative data[56] - The chairman of the company is Hu Xiannian[57] - The earnings conference call took place on October 28, 2020[57]