安利股份(300218) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 495,371,377.53, an increase of 15.84% year-on-year[8] - Net profit attributable to shareholders of the listed company was CNY 33,095,691.07, a slight increase of 0.27% compared to the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 31,384,619.33, up 123.05% year-on-year[8] - The company's operating profit decreased by 61.29% to CNY 21,486,327.66, attributed to the impact of the pandemic on downstream industries and reduced consumer market activity[19] - Net profit for the period fell by 65.63% to CNY 18,064,918.52, mainly due to a decrease in total profit[19] - In Q3 2020, the company achieved a revenue of CNY 495.37 million, representing a year-on-year increase of 15.84% and a quarter-on-quarter increase of 89.53%[33] - The net profit attributable to shareholders for Q3 2020 was CNY 33.10 million, a year-on-year increase of 0.27%, while the net profit after deducting non-recurring gains and losses was CNY 31.38 million, up 123.05% year-on-year[33] - The company's net profit for Q3 2020 was CNY 18,064,918.52, a decrease of 65.6% compared to CNY 52,566,218.24 in the same period last year[61] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,042,727,641.64, a decrease of 0.25% compared to the end of the previous year[8] - Total liabilities due within one year increased by 157.49% to CNY 29,437,386.10, mainly due to the reclassification of long-term borrowings[18] - Total liabilities decreased to CNY 887,755,594.32 from CNY 903,206,632.39 year-over-year[44] - Current liabilities totaled CNY 648,097,106.84, a decrease from CNY 672,273,065.42 in the previous year[44] - Non-current liabilities increased to CNY 239,658,487.48 from CNY 230,933,566.97 year-over-year[44] - The company's cash and cash equivalents decreased by 504.90% to CNY -61,313,813.99, primarily due to a reduction in cash flow from financing activities[19] - Cash and cash equivalents at the end of the period stood at 337,238,113.38 CNY, down from 389,374,160.59 CNY in the previous period, indicating a liquidity contraction[71] Shareholder Information - Net assets attributable to shareholders of the listed company were CNY 1,040,534,413.41, down 1.10% from the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 9,200[12] - The largest shareholder, Anhui Anli Technology Investment Group Co., Ltd., held 21.90% of the shares[12] - The total equity attributable to shareholders was CNY 1,040,534,413.41, down from CNY 1,052,140,526.11 in the previous year[45] Cash Flow - Net cash flow from operating activities was CNY 133,339,728.95, an increase of 225.44% compared to the same period last year[8] - The cash flow from operating activities increased significantly by 643.31% to CNY 73,480,939.76, driven by a larger decline in cash payments for goods compared to cash received from sales[19] - Cash inflow from operating activities for the first three quarters was CNY 1,063,303,040.73, down from CNY 1,323,408,113.71 in the previous year[68] Research and Development - Research and development expenses for the third quarter amounted to CNY 23,332,185.80, up from CNY 21,443,098.15 in the previous year, marking an increase of about 8.8%[52] - Research and development expenses for Q3 2020 were CNY 66,241,769.49, slightly down from CNY 67,190,748.04 in the previous year[61] Market and Product Development - The company has successfully developed new technologies in water-based, solvent-free, and TPU processes, with strong growth in new markets such as electronics, sports equipment, and automotive interiors[33] - The company has become a supplier for well-known brands including Apple, VF Corporation, PVH Corporation, and Great Wall Motors, with brand client certifications progressing smoothly[33] - The company is focusing on product innovation and market expansion to mitigate risks associated with rising raw material prices[33] Employee Stock Ownership Plan - The second employee stock ownership plan has cumulatively sold 1,701,245 shares at an average price of 14.33 CNY per share, representing 0.78% of the total share capital[27] - The second employee stock ownership plan has completed the purchase of 5,628,223 shares, accounting for 2.59% of the total share capital, with a total transaction amount of approximately 59.92 million CNY[25] - The company has established a management committee for the second employee stock ownership plan, which is responsible for the daily supervision and management of the plan[25] - The second employee stock ownership plan has a lock-up period of 12 months starting from September 25, 2017[25] - The company has received approval from over two-thirds of the plan holders to extend the duration of the second employee stock ownership plan for up to 24 months starting from April 26, 2020[26] Other Income and Expenses - The company's other income decreased by 59.07% to CNY 11,642,386.25, primarily due to a reduction in government subsidies received compared to the previous year[18] - The company reported a credit impairment loss of CNY -7,456,974.72 for the third quarter, compared to CNY -1,189,912.11 in the previous year, reflecting a significant increase in losses[52] - The total assets impairment loss for the third quarter was CNY -3,306,682.74, compared to CNY -2,170,640.35 in the same period last year, indicating an increase in impairment losses[52]