津膜科技(300334) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 138,241,865.24, an increase of 10.23% year-on-year[7] - Net profit attributable to shareholders was CNY 15,906,791.02, representing a significant increase of 118.25% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,897,696.62, up 116.03% year-on-year[7] - Basic earnings per share for the reporting period were CNY 0.05, an increase of 117.24% year-on-year[7] - The net profit for Q3 2020 was CNY 17,888,473.22, a significant recovery from a net loss of CNY 85,920,734.20 in the same period last year[63] - The company reported a total comprehensive income of -¥23,919,843.02 for the period, compared to -¥102,777,965.46 in the previous period[71] - The net profit for the third quarter was a loss of ¥10,000,950.56, compared to a loss of ¥108,640,179.55 in the previous year, showing an improvement[75] Cash Flow - The net cash flow from operating activities was CNY 19,824,859.48, an increase of 148.69% compared to the same period last year[7] - Net cash flow from operating activities increased by 10,411,400 RMB, up 106.78% year-on-year, mainly due to reduced material procurement payments and tax payments[29] - Net cash flow from investing activities increased by 99,787,000 RMB, up 121.98% year-on-year, primarily due to decreased cash payments for external investments[30] - Net cash flow from financing activities decreased by 103,851,995.13 RMB, down 542.19% year-on-year, mainly due to repayment of due bank loans[30] - The cash flow from operating activities was ¥79,616,110.90, an increase from ¥38,502,068.00 in the same quarter last year[78] - The net cash flow from operating activities for the current period is ¥58,376,741.41, an increase of 46.5% compared to ¥39,833,951.49 in the previous period[80] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,974,830,146.85, a decrease of 2.26% compared to the end of the previous year[7] - The company's total liabilities were CNY 1,090,011,926.68, down from CNY 1,111,780,507.78, showing a reduction of about 1.9%[55] - The total equity attributable to shareholders decreased to CNY 806,714,517.98 from CNY 832,482,436.67, a decline of about 3.1%[56] - The company's cash and cash equivalents decreased to CNY 86,818,009.31 from CNY 94,495,879.63, reflecting a decline of approximately 8.0%[53] - The total current liabilities are ¥1,000,469,452.29, remaining stable compared to the previous period[86] Shareholder Information - The company reported a total of 18,723 common shareholders at the end of the reporting period[11] - The largest shareholder, Tianjin Membrane Engineering Technology Co., Ltd., held 21.19% of the shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Operational Changes - The company has initiated bankruptcy proceedings against Jiangsu Mountain Spring Jinmo Environmental Engineering Technology Co., Ltd. due to unresolved debt issues[38] - The company is in the process of changing its actual controller and plans to introduce strategic investors to acquire at least 51% of the controlling shareholder's equity[33] - The company has completed the transfer of 52.25% equity in its subsidiary Yichun Jinhua Environmental Technology Co., Ltd.[33] - The company has appointed a new non-independent director, Mr. Zhai Jun, to its board following the resignation of Mr. Liu Qing due to work adjustments[42] Legal Matters - The company has been involved in multiple legal disputes, including a lawsuit against Jiangsu Mountain Spring Membrane Environmental Engineering Technology Co., Ltd. regarding a loan dispute, which resulted in a victory for the company[42] - The company has initiated legal proceedings against Jiangsu Mountain Spring Membrane for the recovery of a loan amounting to CNY 19.2 million, which remains unpaid[47] - The company plans to apply for bankruptcy liquidation against Jiangsu Mountain Spring Membrane due to the lack of executable assets[47] Cost Management - Sales expenses decreased by 11.14 million yuan, down 37.65% compared to the same period last year[20] - Management expenses decreased by 32.56 million yuan, down 49.90% year-on-year[20] - Financial expenses decreased to ¥27,095,091.86 from ¥34,769,390.74 in the previous period, reflecting cost control measures[70] Inventory and Assets Management - The company's inventory decreased by 216.92 million yuan, down 63.62% year-on-year[24] - Contract assets increased by 283.38 million yuan, up 100.00% year-on-year, due to the implementation of new revenue standards[24] - The company's inventory was valued at CNY 282,233,661.69, showing an increase from the previous period[89]