瑞丰高材(300243) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the period was CNY 350,718,578.84, representing a year-on-year increase of 19.91%[8] - Net profit attributable to shareholders increased by 115.51% to CNY 29,186,944.27 for the quarter[8] - Basic earnings per share remained at CNY 0.12, a 100% increase compared to the same period last year[8] - The weighted average return on equity was 4.14%, up from 2.05% in the previous year[8] - Total operating revenue for Q3 2020 reached ¥350,718,578.84, an increase of 20% compared to ¥292,474,715.85 in the same period last year[37] - Net profit for Q3 2020 was ¥28,854,447.94, representing a significant increase of 113% from ¥13,543,495.94 in Q3 2019[39] - The net profit for the third quarter reached CNY 19,212,907.51, representing a 43.3% increase from CNY 13,407,899.02 in the previous year[44] - The company reported a total profit of CNY 22,685,043.60, an increase of 38.5% compared to CNY 16,377,999.97 in the previous year[44] Assets and Liabilities - Total assets increased by 15.44% to CNY 1,207,459,328.12 compared to the end of the previous year[8] - The company's current assets increased to CNY 712,262,524.05 from CNY 645,772,807.58, reflecting a rise of about 10.3% year-over-year[29] - Total liabilities of the company increased to CNY 470,143,821.36 from CNY 370,951,362.40, which is an increase of approximately 26.7%[31] - The company's equity attributable to shareholders rose to CNY 720,229,282.46 from CNY 675,027,319.98, reflecting an increase of about 6.7%[32] - The company's total assets as of Q3 2020 were ¥1,045,978,682.38, with total liabilities of ¥370,951,362.40, resulting in total equity of ¥675,027,319.98[66] Cash Flow - The net cash flow from operating activities was negative at CNY -17,085,966.58, a decrease of 136.91% compared to the same period last year[8] - The company reported a net cash flow from operating activities of ¥28,474,170.58, a decrease of 72.78% compared to ¥104,591,074.73 in the previous period, due to increased prepayments for raw materials and higher inventory[17] - The net cash flow from operating activities for Q3 2020 was ¥81,833,404.24, a decrease of 32.8% compared to ¥121,774,374.10 in Q3 2019[60] - The company incurred a total operating expense of CNY 646,238,483.75, which is an increase from CNY 619,248,003.25 in the previous year, reflecting a rise of approximately 4.00%[56] Shareholder Information - The company reported a total of 10,823 common shareholders at the end of the reporting period[12] - The largest shareholder, Zhou Shibin, holds 22.28% of the shares, amounting to 51,752,197 shares[12] Government Support - The company received government subsidies totaling CNY 8,003,279.10 during the reporting period[10] - Other income increased by 39.65% to ¥7,913,279.10 from ¥5,666,553.52, primarily due to increased government subsidies received[17] Investment and Financing Activities - The company plans to issue convertible bonds to raise ¥34,000 million for a new 60,000 tons/year PBAT biodegradable plastic project[19] - The company raised CNY 229,500,000.00 through financing activities, an increase from CNY 208,484,386.00 in the previous year, representing a growth of about 10.00%[57] Inventory and Receivables - Trade receivables decreased by 39.30% to ¥89,015,515.05 from ¥146,639,467.78, attributed to a high volume of bill discounts and payments for engineering equipment[16] - Inventory rose by 44.31% to ¥107,090,548.80 from ¥74,209,630.37, driven by increased raw material and product stock due to the completion of technical renovations and new production lines[16] Research and Development - Research and development expenses for Q3 2020 were ¥840,536.43, a decrease from ¥1,548,267.04 in the same quarter last year, indicating a reduction of about 45.7%[38] - Research and development expenses for the quarter were CNY 3,560,664.52, slightly down from CNY 3,948,205.52 year-on-year[47]