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华星创业(300025) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 67.09% to CNY 372,143.76 for the current period[9] - Operating revenue decreased by 11.60% to CNY 195,339,370.26 compared to the same period last year[9] - Basic earnings per share decreased by 66.67% to CNY 0.0009[9] - The weighted average return on net assets was 0.07%, down by 0.08%[9] - Net profit attributable to the parent company decreased by 922.34% year-on-year, impacted by COVID-19, increased project costs, and higher credit impairment losses[19] - Operating cash flow decreased by 354.93% compared to the same period last year, significantly affected by slow project collections due to COVID-19[20] - The company reported a net loss attributable to shareholders for Q3 2020 of CNY 3,254,070.35, compared to a profit of CNY 1,000,000 in the previous year[42] - The company's net profit for Q3 2020 was -38,408,084.07 CNY, compared to a net profit of 4,039,668.65 CNY in Q3 2019, indicating a significant decline[51] - The total profit for Q3 2020 was -39,591,539.65 CNY, compared to a profit of 3,145,654.85 CNY in Q3 2019, marking a drastic downturn[51] Assets and Liabilities - Total assets decreased by 32.38% to CNY 1,090,185,673.11 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 reporting period[17] - Accounts receivable decreased by 37.74% compared to the beginning of the period, primarily due to the disposal of Xinzong Communication[17] - Inventory decreased by 38.51% compared to the beginning of the period, mainly due to the disposal of Xinzong Communication[17] - Total liabilities decreased to CNY 523,256,492.02 from CNY 686,773,418.27 year-on-year[39] - The company’s total equity decreased to CNY 349,238,591.80 from CNY 372,496,216.00 year-on-year[39] - Total assets as of September 30, 2020, were CNY 872,495,083.82, a decrease from CNY 1,059,269,634.27 at the end of 2019[39] - The company holds inventory valued at CNY 209,732,497.94 and other receivables amounting to CNY 18,525,596.38[65] Shareholder Information - The total number of 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[13] - The company did not engage in any repurchase transactions during the reporting period[14] Cash Flow - The net cash flow from operating activities was CNY -50,870,554.91, a decrease of 354.93%[9] - Cash and cash equivalents at the end of Q3 2020 stood at 61,763,166.59 CNY, down from 67,531,173.43 CNY in Q3 2019, reflecting liquidity challenges[58] - The cash inflow from operating activities was 740,468,913.58 CNY, down from 919,444,874.05 CNY in the previous year, highlighting a decrease in operational cash generation[58] - The net cash flow from financing activities was -137,772,399.52 CNY, worsening from -65,614,039.57 year-over-year, indicating increased reliance on debt[59] Other Financial Metrics - Non-recurring gains and losses included CNY 7,723,735.50 from the disposal of non-current assets[10] - Research and development expenses for the quarter were CNY 2,207,959.78, a decrease from CNY 2,929,605.65 in the previous year[46] - The company incurred a credit impairment loss of CNY 420,207.88 during the quarter[47] - The company reported a significant other comprehensive loss of CNY -1,229,386.28, compared to a gain of CNY 143,098.06 in the previous year[43] Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[26] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[27] - The company has committed to not engaging in any competitive business activities that may harm its interests or those of its minority shareholders[24] - The company has not undergone an audit for the third-quarter report, which may affect the reliability of the financial data presented[71] - The company is implementing new revenue and leasing standards starting in 2020, which may impact future financial reporting[71]