天晟新材(300169) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 274,771,196.55, representing a year-on-year increase of 13.45%[8] - Net profit attributable to shareholders was CNY 2,304,327.25, a significant increase of 171.21% compared to the same period last year[8] - Basic earnings per share for the reporting period were CNY 0.0071, up 171.72% year-on-year[8] - Net profit increased by 119.56% year-on-year, attributed to increased revenue and reduced costs[19] - Total profit rose by 44.88% year-on-year, due to revenue growth and cost reduction[19] - The company's net profit for the period showed a significant decline, with undistributed profits at CNY -28,347,220.31 compared to CNY 4,033,222.93 in the previous year[34] - The total revenue for the year-to-date period was CNY 670,733,295.63, slightly up from CNY 658,274,087.89 in the previous year[43] - The total operating revenue for the third quarter was CNY 88,095,554.63, an increase from CNY 55,170,328.94 in the same period last year, representing a growth of approximately 59.8%[40] - The net profit for the third quarter was CNY 2,336,962.51, compared to a net loss of CNY 3,361,382.88 in the previous year, indicating a significant turnaround[38] - The company's total profit for the quarter was CNY 1,771,524.21, recovering from a loss of CNY 5,320,239.03 in the same quarter last year[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,040,594,405.46, a decrease of 1.37% compared to the end of the previous year[8] - The company's total assets reached CNY 2,055,852,837.81, up from CNY 1,852,790,962.50, indicating a growth of approximately 10.9%[34] - Total liabilities amounted to CNY 913,318,151.46, compared to CNY 677,875,832.91 in the previous year, marking an increase of about 34.7%[33] - Total assets amounted to CNY 2,068,868,771.92, with current assets at CNY 1,165,008,129.17 and non-current assets at CNY 903,860,642.75[61] - Total liabilities reached CNY 870,677,747.01, with current liabilities at CNY 797,890,894.83 and non-current liabilities at CNY 72,786,852.18[63] - Current liabilities totaled CNY 608,716,771.16, including short-term borrowings of CNY 351,950,000.00 and accounts payable of CNY 10,951,129.05[67] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -74,466,093.47, a decrease of 21.58% compared to the previous year[8] - Cash flow from operating activities decreased by 21.58% year-on-year, primarily due to increased cash payments related to operating activities[19] - Total cash inflow from operating activities was 829,130,375.55 CNY, while cash outflow was 903,596,469.02 CNY, resulting in a net cash outflow of 74,466,093.47 CNY[53] - The company reported a net increase in cash and cash equivalents of -82,828,107.67 CNY, compared to -71,796,150.09 CNY in the previous year, indicating ongoing liquidity challenges[54] Shareholder Information - The company reported a total of 13,936 common shareholders at the end of the reporting period[12] - The top ten shareholders held a combined 43.95% of the company's shares, with the largest shareholder holding 9.87%[12] - The total equity attributable to shareholders was CNY 1,205,017,059.80, slightly up from CNY 1,198,083,723.02, showing a marginal increase of about 0.6%[29] - The total equity attributable to the parent company was CNY 1,198,083,723.02, highlighting a solid equity base for future investments[63] Operational Metrics - Accounts receivable decreased by 55.28% compared to the beginning of the period, mainly due to the maturity of receivables[17] - Prepayments increased by 94.10% compared to the beginning of the period, primarily due to an increase in advance payments for materials[17] - Operating income increased by 1.89% year-on-year, driven by sales growth[17] - The company reported a significant increase in accounts receivable, which rose to CNY 498,965,684.66 from CNY 194,656,280.76, representing a growth of approximately 156.5%[31] - The long-term payables increased to CNY 42,000,000.00 from CNY 11,000,000.00, indicating a growth of about 281.8%[33] Expenses - Total operating costs for Q3 2019 were CNY 269,372,114.85, up from CNY 245,575,688.16, indicating an increase of about 9.7%[36] - The total operating costs for the quarter were CNY 82,903,493.94, up from CNY 49,361,108.65 in the previous year, reflecting an increase of approximately 67.9%[40] - The company reported a significant increase in financial expenses, totaling CNY 7,596,190.75, compared to CNY 6,069,295.28 in the previous year[40] - The company incurred a financial expense of ¥17,781,932.18, which increased from ¥16,542,838.98 in the previous period[49] - The company paid 103,822,869.38 CNY to employees, an increase from 86,632,571.61 CNY year-over-year, indicating rising labor costs[53] Tax and Deferred Items - Non-operating income for the year-to-date amounted to CNY 2,768,870.11, after accounting for tax effects[9] - Deferred tax assets increased by 76.45% compared to the beginning of the period, mainly due to the increase in recognized deferred tax assets[17] - Deferred income tax assets were reported at CNY 11,275,515.69, suggesting potential future tax benefits[63] - The company received 2,790,175.42 CNY in tax refunds, compared to 4,298,984.33 CNY in the previous year, reflecting a decrease in tax-related cash inflows[53] Research and Development - Research and development expenses for Q3 2019 were CNY 7,287,525.55, compared to CNY 6,040,630.59 in the same period last year, reflecting an increase of about 20.6%[36] Accounting Standards - The company has made adjustments to its financial reporting in accordance with new accounting standards effective January 1, 2019, with no impact on prior years' financial data[64] - The company has implemented new financial instrument standards effective January 1, 2019, with no impact on prior financial data[69]