富春股份(300299) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥91,108,184.53, down 22.10% year-on-year, and cumulative revenue for the year was ¥303,873,113.10, a decrease of 13.73%[7] - Net profit attributable to shareholders surged by 1,213.35% to ¥51,001,905.77 for the reporting period, with a cumulative net profit of ¥68,780,018.35, an increase of 184.54%[7] - Basic earnings per share for the reporting period was ¥0.07, a 100.00% increase, while diluted earnings per share also stood at ¥0.07, reflecting a 100.00% increase[7] - The company's net profit attributable to the parent company for the first three quarters reached 68.78 million yuan, an increase of 184.54% compared to the same period last year[19] - The company's total comprehensive income for the period was CNY 48,630,300.69, up from CNY 3,865,889.86 in the previous year[44] - The net profit attributable to the parent company was CNY 51,001,905.77, compared to CNY 3,883,353.08 in Q3 2019, indicating a significant increase[44] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,435,483,385.33, an increase of 1.08% compared to the end of the previous year[7] - The company's total liabilities increased by 245.80% to 31.12 million yuan, mainly due to the increase in accounts payable[18] - The company's total liabilities increased to CNY 906,724,610.91 in Q3 2020 from CNY 839,700,779.22 in Q3 2019, representing a rise of 8.2%[40] - Total liabilities reached ¥839,700,779.22, with current liabilities at ¥772,855,732.13 and non-current liabilities at ¥66,845,047.09[70] - The company's retained earnings showed a negative balance of CNY 513,468,655.96, highlighting challenges in profitability[67] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥30,178,488.78, down 35.42% compared to the previous year[7] - The company's operating cash flow for the first three quarters was 30.18 million yuan, a decrease of 35.42% year-on-year, mainly due to increased payments for goods and engineering[19] - The net cash flow from operating activities was CNY 59,152,849.09, a decrease of 30.5% compared to CNY 85,030,284.33 in the same period last year[62] - Cash and cash equivalents at the end of the period increased to CNY 57,803,923.42 from CNY 11,158,274.35, marking a net increase of CNY 23,685,491.75[62] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,793[10] - The top shareholder, Fujian Fuchun Investment Co., Ltd., held 16.21% of the shares, amounting to 112,028,158 shares[10] Investment and Compensation - Non-recurring gains and losses totaled ¥53,288,910.27, primarily due to the recovery of performance compensation from Shanghai Liheng[8] - The company received performance compensation payments totaling 26.32 million yuan from Shanghai Liheng in August 2020[21] - The company plans to acquire at least 70.85% of Altron through a share issuance and is currently in the process of fundraising[21] - The company reported a significant increase in investment income, reaching ¥47,774,260.16, compared to a loss of ¥2,393,057.15 in the previous year[54] Operational Efficiency - The company's other income for the first three quarters was 5.70 million yuan, an increase of 242.21% year-on-year, mainly due to increased government subsidies[19] - Research and development expenses for Q3 2020 were CNY 13,681,288.27, down from CNY 20,943,328.53 in Q3 2019, a decrease of 34.7%[43] - The company reported a decrease in sales expenses to CNY 400,709.28 from CNY 66,353.89 in the previous year, reflecting a more efficient sales strategy[47] Compliance and Reporting - The company has not executed any cash dividend policy during the reporting period[31] - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[72] - The company adjusted its financial statements in accordance with new revenue and leasing standards starting from 2020[63]