Ceepower (SZ:300062)2020-10-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 293,403,582.81, an increase of 13.43% year-on-year [9]. - Net profit attributable to shareholders was CNY 14,728,996.65, a decrease of 52.13% compared to the same period last year [9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,940,082.15, an increase of 1,796.88% year-on-year [9]. - Basic earnings per share were CNY 0.05, a decrease of 50.00% year-on-year [9]. - Total profit decreased by 85.7% compared to the same period last year, mainly due to the absence of investment income from the disposal of joint ventures [18]. - Net profit decreased by 111.15% compared to the same period last year, primarily due to the lack of investment income from the previous year's joint venture disposals [18]. - Basic earnings per share decreased by 107.69% compared to the same period last year, reflecting a significant drop in net profit [18]. - Total operating revenue for Q3 2020 was CNY 293,403,582.81, an increase from CNY 258,657,867.21 in the same period last year [39]. - Net profit for Q3 2020 was CNY 14,800,873.39, down from CNY 30,626,160.38 in Q3 2019, representing a decline of approximately 51.6% [41]. - Earnings per share for Q3 2020 was CNY 0.05, compared to CNY 0.10 in the same quarter last year [42]. - The company reported a total comprehensive income of CNY 15,589,101.59 for Q3 2020, down from CNY 31,462,467.74 in Q3 2019 [42]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,984,158,558.69, a decrease of 6.53% compared to the end of the previous year [9]. - Current assets totaled CNY 1,313,112,369.88, down from CNY 1,421,200,942.48, indicating a decrease of about 7.6% [31]. - Total liabilities decreased to CNY 1,200,910,315.04 from CNY 1,328,159,486.60, reflecting a decline of about 9.6% [33]. - Long-term borrowings increased to CNY 35,650,000.00 from CNY 11,660,000.00, indicating an increase of about 205% [33]. - Total liabilities to equity ratio stands at approximately 1.67, indicating a leveraged position [66]. - Total assets amounted to CNY 2,122,732,008.30, with current assets at CNY 1,421,200,942.48 and non-current assets at CNY 701,531,065.82 [64]. - Total liabilities reached CNY 1,328,159,486.60, with current liabilities at CNY 1,231,576,236.32 and non-current liabilities at CNY 96,583,250.28 [66]. Cash Flow - The net cash flow from operating activities was CNY 33,109,864.47, a decrease of 7.00% compared to the same period last year [9]. - Cash received from investment increased by 577.64% compared to the same period last year, mainly due to the maturity of structured deposits and recovery of equity transfer payments [19]. - Cash paid for the acquisition of fixed assets increased by 32.47% compared to the same period last year, primarily due to increased long-term asset purchases [19]. - The net cash flow from operating activities for Q3 2020 was ¥89,801,180.69, an increase from ¥58,112,142.16 in Q3 2019, representing a growth of approximately 54.6% [57]. - Total cash inflow from operating activities was ¥640,508,373.25, compared to ¥746,077,853.97 in the previous year, indicating a decrease of about 14.2% [57]. - Cash outflow from operating activities totaled ¥550,707,192.56, down from ¥687,965,711.81, reflecting a reduction of approximately 19.9% [57]. - The net cash flow from investing activities was -¥12,587,607.37, a significant decline from ¥104,373,003.13 in the same period last year [58]. - Cash inflow from financing activities was ¥562,104,662.04, compared to ¥425,647,074.33 in Q3 2019, marking an increase of about 32.1% [58]. - The ending balance of cash and cash equivalents was ¥150,660,474.27, down from ¥236,397,422.75 in Q3 2019, a decrease of approximately 36.3% [58]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,121 [13]. - The top ten shareholders held a combined 56.61% of the company's shares, with the largest shareholder holding 20.16% [13]. - The company's total equity as of September 30, 2020, was CNY 783,248,243.65, down from CNY 794,572,521.70, a decrease of approximately 1.1% [34]. - Owner's equity increased to CNY 737,633,151.24 from CNY 720,801,891.83 year-on-year [40]. Research and Development - Research and development expenses increased to CNY 10,208,040.34 from CNY 7,049,735.21 year-on-year, indicating a focus on innovation [40]. - Research and development expenses remained stable at ¥23,306,327.30, slightly down from ¥23,575,313.02 [47]. Other Financial Metrics - The company received government subsidies amounting to CNY 8,806,470.74 during the reporting period [10]. - The company reported a significant increase in investment income, reporting CNY 29,802,758.01 compared to CNY 28,860,229.77 in the previous year [44]. - The company plans to continue focusing on market expansion and new product development to drive future growth [41]. - The company adopted the new revenue recognition standards starting in 2020, impacting the financial statements [72]. - The third quarter report was not audited [72].