中创环保(300056) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 16,029,886, representing a decline of 75.70% year-on-year[9]. - Operating revenue for the reporting period was CNY 576,832,529.81, down 2.09% from the same period last year[9]. - Basic earnings per share decreased by 75.39% to CNY 0.0421[9]. - The weighted average return on equity was 1.67%, down 5.96% year-on-year[9]. - The company reported a net loss for the period of CNY 351,955,831.27, an improvement compared to a loss of CNY 371,988,480.90 in the previous period[52]. - The net profit for the third quarter was CNY 21,891,233.31, compared to CNY 65,083,741.46 in the same period last year, reflecting a decline of approximately 66.4%[60]. - The total profit for the quarter was CNY 26,372,625.88, an increase of 8.6% from CNY 24,293,395.34 in the previous year[68]. - The company reported a total comprehensive income of CNY 21,755,550.33 for the third quarter, significantly lower than CNY 67,046,382.75 in the prior year[60]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,733,829,111.10, a decrease of 8.90% compared to the previous year[9]. - Total liabilities decreased to CNY 620,119,414.25 from CNY 820,328,259.76 in the previous period[52]. - Current liabilities totaled CNY 571,060,211.44, down from CNY 751,444,597.58[52]. - Long-term borrowings were CNY 30,968,395.66, reduced from CNY 45,082,409.49[52]. - The company's equity attributable to shareholders increased to CNY 968,719,306.06 from CNY 948,330,383.80[52]. - Total assets as of September 30, 2020, amounted to CNY 1,413,817,875.99, compared to CNY 1,382,902,187.52 at the end of 2019[54]. - Total equity amounted to ¥946,037,865.48, while total liabilities and equity reached ¥1,382,902,187.52[88]. Cash Flow - The net cash flow from operating activities was negative CNY 8,097,194, an improvement of 91.49% compared to the previous year[9]. - Cash and cash equivalents decreased by 61.34% to ¥124,319,159.23 due to increased procurement payments and external investment activities[26]. - Cash received from the sale of goods and services decreased by 36.30% to ¥1,541,244,243.43, mainly due to reduced cash flow from trade sales[29]. - The net cash flow from operating activities for Q3 2020 was -177,705,218.61 CNY, compared to -20,999,654.86 CNY in Q3 2019, indicating a significant decline in operational cash flow[75]. - Total cash inflow from operating activities was 1,568,657,223.55 CNY, while cash outflow was 1,746,362,442.16 CNY, resulting in a net cash outflow of 177,705,218.61 CNY[75]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,872[14]. - The largest shareholder, Shanghai Zhongchuang Lingxing Energy Technology Group Co., Ltd., held 19.89% of the shares[14]. - The shareholding structure indicates that Qiu Guoqiang holds 38,232,628 shares, accounting for 9.69% of the total share capital[16]. - The company has not conducted any repurchase transactions among its top 10 shareholders during the reporting period[16]. - The company has a total of 11,973,935 shares held by Jiuzhou Securities - China Merchants Bank - Jiuzhou Lianzheng, indicating a diversified shareholder base[15]. Accounting and Policy Changes - The company has made adjustments to its accounting policies, impacting revenue recognition methods[9]. - The company adjusted its accounting for prepayments to contract liabilities as per new revenue standards effective January 1, 2020[84]. - The new revenue recognition and leasing standards were implemented starting January 1, 2020, affecting the accounting of contract liabilities[88]. Research and Development - The company reported a significant increase in research and development expenses to CNY 7,138,483.53 from CNY 6,716,267.48[58]. - The company plans to continue focusing on research and development to enhance its product offerings and market presence[70]. Investment Activities - Cash paid for investments surged by 17,866.33% to ¥26,949,490.00, primarily due to the purchase of securities investment funds[29]. - The company completed the transfer of 60% equity in its subsidiary to another entity, impacting its consolidation scope[30]. - The company will no longer consolidate the financials of its subsidiary after the completion of the equity transfer[30]. Compliance and Governance - The company is committed to avoiding any illegal occupation of funds or assets and will ensure that any unavoidable related transactions are conducted fairly and transparently[38]. - The company has implemented measures to prevent competition from its major shareholders and related parties, ensuring they do not engage in similar business activities without consent[37]. - The company is actively monitoring the compliance of its major shareholders with their commitments, with some commitments still pending fulfillment[32].