东方电热(300217) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥665,184,920.07, representing a year-on-year increase of 25.42%[8] - Net profit attributable to shareholders of the listed company was ¥32,420,009.93, a significant increase of 436.84% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥28,846,219.88, up by 249.60% year-on-year[8] - Basic earnings per share for the reporting period were ¥0.0255, an increase of 442.55% compared to the same period last year[8] - The weighted average return on net assets was 1.69%, an increase from 1.40% in the previous year[8] - The company reported a net profit for the current period of ¥34,782,934.43, compared to ¥26,169,368.66 in the previous period, indicating a year-over-year increase of about 32.5%[66] - The total profit for the current period was ¥39,367,597.78, up from ¥27,397,016.16 in the previous period, reflecting a growth of approximately 43.8%[66] - The company's total comprehensive income attributable to the parent company was ¥33,017,679.65, compared to ¥5,319,523.94 in the previous period, indicating a substantial increase[62] - The net profit for the current period is ¥76,160,157.10, a decrease of 12.6% compared to ¥87,012,339.80 in the previous period[75] - The total profit for the current period is ¥84,081,245.27, down from ¥95,934,688.63, reflecting a decline of 12.3%[75] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,652,126,511.99, an increase of 2.28% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company amounted to ¥2,065,750,531.89, reflecting a growth of 9.65% year-on-year[8] - The company's total assets increased to ¥2,855,088,420.00, compared to ¥2,617,802,707.21 in the previous year, marking a growth of 9.1%[55] - The company's total liabilities increased from 1.48 billion yuan in 2019 to 1.57 billion yuan in 2020, representing a rise of approximately 6%[48] - Total liabilities rose to ¥841,216,298.30, up from ¥667,355,805.55, indicating a year-over-year increase of 26.0%[55] - Total liabilities amounted to ¥1,479,408,624.42, with current liabilities at ¥1,312,644,321.26[89] - The company holds cash and cash equivalents of ¥104,536,832.09 and accounts receivable of ¥464,883,005.81[94] Cash Flow - The net cash flow from operating activities was negative at -¥34,921,432.49, a decline of 111.53% year-on-year[8] - Cash received from tax refunds decreased by 45.21% to ¥6,523,522.21, mainly due to reduced refunds from a subsidiary[27] - Cash received from borrowings decreased by 46.08% to ¥196,062,094.81, attributed to a reduction in borrowings[27] - Cash flow from operating activities generated a net amount of ¥64,615,316.09, a significant improvement from a net loss of ¥49,541,843.52 in the previous period[78] - Cash inflow from investment activities totaled ¥812,004,773.94, compared to ¥714,238,120.54 in the previous period, indicating an increase of 13.7%[78] - The cash outflow from investment activities was ¥927,995,386.48, up from ¥854,098,755.09, representing an increase of 8.6%[78] - The total cash and cash equivalents at the end of the period stood at ¥77,374,526.98, down from ¥122,262,090.71, a decrease of 36.7%[80] - Cash flow from sales of goods and services was ¥1,061,274,401.41, compared to ¥1,157,397,355.93 in the previous period, reflecting a decrease of 8.3%[78] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 77,335[12] - Major shareholder Tan Rongsheng holds 14.68% of the shares, amounting to 186,895,486 shares[12] Investments and Acquisitions - The company completed the acquisition of the remaining 49% equity in Jiangsu Jiutian for ¥8,000,000, with payments structured over several dates[31] - The company anticipates non-recurring gains and losses of about 16 million yuan for the year 2020, contributing positively to the overall financial performance[35] Research and Development - Research and development expenses for the quarter were ¥23,220,491.77, an increase of 28.0% from ¥18,140,159.28 in the previous year[60] - Research and development expenses increased to ¥14,143,416.84 from ¥11,947,163.02, marking a rise of approximately 18.4%[63] - Research and development expenses are reported at 63,373,069.73, slightly up from 61,609,794.54, showing an increase of about 2.9%[69] Tax and Other Expenses - Income tax expenses surged by 348.53% to ¥5,898,460.55, influenced by deferred tax expenses from previous losses[24] - Tax expenses for the current period are reported at 5,898,460.55, significantly higher than 1,315,073.19 in the previous period, showing an increase of approximately 348.0%[69] - The company's financial expenses decreased significantly from ¥1,349,056.17 to ¥191,502.39, primarily due to a reduction in interest expenses[63] Inventory and Receivables - Accounts receivable increased by 55.05% to ¥594,886,598.98, primarily due to increased sales in the latter part of the reporting period[24] - The company’s accounts receivable rose significantly from 383.68 million yuan in 2019 to 594.89 million yuan in 2020, marking an increase of approximately 55%[42] - The company’s inventory decreased from 688.74 million yuan in 2019 to 600.18 million yuan in 2020, indicating a reduction of about 12.8%[42] Financial Standards and Compliance - The company has not undergone an audit for the third quarter report[100] - The company is implementing new revenue and leasing standards starting from 2020, affecting prior comparative data[100]