华星创业(300025) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 33.29% to ¥754,431.37 for the current period[9] - Operating revenue for the current period was ¥195,590,754.72, down 11.49% year-on-year[9] - The company reported a net loss of ¥37,245,147.85 for the year-to-date, a significant decline of 913.98%[9] - Basic earnings per share decreased by 33.33% to ¥0.0018[9] - The weighted average return on net assets was 0.16%, down 8.76% compared to the same period last year[9] - Net profit attributable to the parent company decreased by 913.98% year-on-year, impacted by COVID-19 and increased project costs[19] - Operating cash flow net amount decreased by 364.84% compared to the same period last year, significantly affected by slow project collections due to COVID-19[19] - The company reported a net loss in retained earnings of CNY -184,199,909.30 compared to CNY -161,588,037.66 in the previous period[38] - The total profit for Q3 2020 was a loss of CNY 39.08 million, compared to a profit of CNY 3.15 million in the previous year[51] - The company reported a total comprehensive income of CNY -709,029.42 for Q3 2020, compared to CNY 1,206,824.57 in the previous year[43] Assets and Liabilities - Total assets decreased by 32.42% to ¥1,089,535,799.27 compared to the end of the previous year[9] - Cash and cash equivalents decreased by 61.65% compared to the beginning of the period, mainly due to significant loan repayments during the period[17] - Accounts receivable decreased by 37.69% compared to the beginning of the period, primarily due to the disposal of Xinzong Communication[17] - Inventory decreased by 38.75% compared to the beginning of the period, mainly due to the disposal of Xinzong Communication[17] - Total current assets amounted to ¥833,274,472.37, down from ¥1,390,691,412.46, a decline of about 40.06%[32] - Total liabilities decreased to CNY 523,271,575.09 from CNY 686,773,418.27 year-over-year[38] - Current liabilities totaled CNY 523,271,575.09, down from CNY 654,247,093.93 in the previous period[38] - Total assets amounted to CNY 1,612,173,326.53, with current assets at CNY 1,390,691,412.46, and non-current assets at CNY 221,481,914.07[64] - Total liabilities reached CNY 1,132,916,438.09, with current liabilities at CNY 1,100,390,113.75 and non-current liabilities at CNY 32,526,324.34[66] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,760[13] - The largest shareholder, Shanghai Fanyin Technology Co., Ltd., held 13.63% of the shares, totaling 58,404,430 shares[13] - The company’s control will change as Shanghai Fanyin transfers 3.75% of shares to Ruian Chuangxiang, with the remaining shares' voting rights also delegated[20] - The company confirmed that all commitments made to minority shareholders were fulfilled on time[23] Cash Flow - The net cash flow from operating activities was negative at -¥52,846,781.80, a decrease of 364.84%[9] - The net cash flow from operating activities for Q3 2020 was -52,846,781.80 CNY, a decrease from 19,954,514.14 CNY in Q3 2019[58] - Total cash inflow from operating activities was 739,522,376.36 CNY, down from 919,444,874.05 CNY year-over-year[58] - The cash outflow from operating activities was 792,369,158.16 CNY, compared to 899,490,359.91 CNY in the previous year[58] - The net cash flow from investing activities was 94,420,053.62 CNY, a significant improvement from -2,218,618.35 CNY in Q3 2019[59] - Cash inflow from financing activities totaled 382,752,083.33 CNY, down from 561,900,000.00 CNY in the same quarter last year[59] Operational Efficiency - Operating costs decreased to CNY 60,384,116.36 from CNY 62,432,127.34, reflecting a reduction of approximately 3.3%[45] - The total operating costs for the year-to-date period were CNY 556,568,290.70, down from CNY 758,444,216.86, indicating a reduction of approximately 26.6%[49] - Research and development expenses for Q3 2020 were CNY 5,755,984.48, a decrease of 48.3% from CNY 11,150,004.77 in the same quarter last year[45] - The company experienced a significant increase in credit impairment losses, reporting CNY -2,625,674.97 compared to CNY 15,385,875.77 in the previous year[41] Compliance and Commitments - The company reported no violations regarding external guarantees during the reporting period[25] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[26] - The company did not engage in any research, communication, or interview activities during the reporting period[27] - The company has made commitments to avoid any competitive activities with its main business[23] - There are no performance forecasts applicable for the year 2020[24] - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[70]