碧水源(300070) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥1.56 billion, a decrease of 56.01% year-on-year[3] - Net profit attributable to shareholders was ¥63.81 million, down 81.04% compared to the same period last year[3] - Basic earnings per share were ¥0.0202, reflecting an 81.07% decrease compared to the previous year[3] - The weighted average return on net assets was 0.32%, down 82.12% year-on-year[3] - Total operating revenue for Q3 2020 was CNY 1,563,278,383.20, a decrease of approximately 56% compared to CNY 3,553,885,853.90 in the same period last year[32] - The net profit for Q3 2020 was CNY 65,254,432.34, down from CNY 346,171,107.68 in Q3 2019, indicating a decrease of about 81%[34] - Total operating revenue for the current period is CNY 4,817,206,935.71, a decrease of 32.3% compared to CNY 7,110,223,734.02 in the previous period[39] - Net profit for the current period is CNY 150,985,178.51, a decline of 59.1% from CNY 368,756,110.11 in the previous period[40] Cash Flow - The net cash flow from operating activities was ¥165.48 million, a decline of 85.18% year-on-year[3] - Net cash flow from operating activities decreased by 48.36% to ¥639,206,567.44, mainly due to delayed project settlements and collection cycles caused by the COVID-19 pandemic[14] - Net cash flow from operating activities was ¥639.21 million, down 48.3% from ¥1.24 billion in the previous period[45] - Cash inflow from investment activities totaled ¥874.48 million, significantly higher than ¥241.22 million in the previous period[46] - Net cash flow from financing activities was ¥3.41 billion, a decrease of 22.5% compared to ¥4.40 billion in the previous period[46] - The company reported a net cash outflow from financing activities of ¥383,607,571.38 in Q3 2020, an improvement from a net outflow of ¥1,562,386,283.01 in Q3 2019[49] Assets and Liabilities - Total assets at the end of the reporting period reached ¥68.60 billion, an increase of 1.80% compared to the end of the previous year[3] - The total liabilities increased to CNY 45,608,519,080.72 from CNY 44,275,748,846.64, reflecting a growth of about 3% year-over-year[28] - Current liabilities totaled CNY 24,636,339,852.62, down from CNY 26,446,639,837.14, indicating a decrease of approximately 7%[28] - Non-current liabilities rose to CNY 20,972,179,228.10 from CNY 17,829,109,009.50, representing an increase of about 17%[28] - The company’s total equity attributable to shareholders was ¥20,134,900,207.82[54] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 89,387[6] - The top shareholder, Wen Jianping, holds 15.74% of the shares, amounting to 498,251,477 shares[6] - The company’s largest single voting shareholder is China Urban, which holds over 50% of the board seats after the restructuring completed on September 14, 2020[17] Government Support and Investments - The company received government subsidies amounting to ¥45.05 million during the reporting period[4] - The company has obtained approval to publicly issue corporate bonds up to RMB 2 billion, with the first phase of green bonds set at RMB 1 billion[19] Changes in Financial Structure - The company appointed new senior management personnel during the reporting period, including a new financial director[16] - The company plans to issue 481,344,780 shares to specific investors, representing 15.21% of the total share capital before the issuance[18] Inventory and Receivables - The company reported an increase of 68.16% in accounts receivable financing compared to the beginning of the period, amounting to an increase of ¥7.05 million[9] - Accounts receivable financing increased by 68.16% to ¥174,012,754.3 compared to the previous year[10] - Other receivables rose by 122.56% to ¥2,109,941,902.28, mainly due to changes in the consolidation scope[10] - Inventory decreased by 79.50% to ¥573,307,916.74, primarily due to the reclassification to contract assets under new revenue standards[10] - Contract assets increased by ¥324,863,350.0, reflecting the implementation of new revenue standards[11] Research and Development - Development expenditures increased by 69.14% to ¥69,897,733.05, driven by an increase in R&D projects[11] - Research and development expenses for Q3 2020 were CNY 42,989,010.75, compared to CNY 58,933,698.47 in the previous year, reflecting a reduction of approximately 27%[33] - Research and development expenses for the current period are CNY 115,748,790.78, slightly up from CNY 113,311,511.77 in the previous period[39] Comprehensive Income - The total comprehensive income for Q3 2020 was CNY 69,847,524.93, significantly lower than CNY 324,599,483.99 in the same quarter last year, a decrease of approximately 78%[35] - The company reported a total comprehensive income of CNY 131,470,779.84, down from CNY 401,002,588.67 in the previous period[41] - The total comprehensive income for the period was -¥80.50 million, compared to ¥96.60 million in the previous period[45]