KYLAND(SZ:300353)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -11,013,576.48, representing a decline of 71.87% year-on-year[7]. - Operating revenue for the reporting period was CNY 166,899,661.10, an increase of 2.01% compared to the same period last year[7]. - The net cash flow from operating activities was CNY -16,768,706.73, a decrease of 60.77% year-on-year[7]. - Basic earnings per share were CNY -0.0216, down 71.58% from the previous year[7]. - The weighted average return on net assets was -0.66%, a decrease of 1.00% compared to the previous year[7]. - The company reported a net profit attributable to shareholders of CNY -73,450,753.20 for the year-to-date, a decline of 167.95% year-on-year[7]. - The company reported a net profit attributable to the parent company for the period from 2015 to 2018 was committed to be no less than 240.72 million yuan, but the actual achievement was 217.63 million yuan, resulting in an unfulfilled profit of 23.09 million yuan, with a completion rate of 90.41%[28]. - The net profit for the current period is CNY 25,729,602.11, a turnaround from a net loss of CNY 12,460,712.67 in the previous period[50]. - The company reported a comprehensive income total of CNY 25,729,602.11, contrasting with a comprehensive loss of CNY 12,460,712.67 in the previous period[51]. - The net profit for the third quarter was approximately ¥78.89 million, a decrease of 47.5% from ¥150.35 million in the previous year[59]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,185,305,768.43, a decrease of 2.79% compared to the end of the previous year[7]. - The company's cash and cash equivalents decreased by 39.65% to ¥301.85 million compared to the beginning of the period, primarily due to increased expenditures on financial products[19]. - Accounts receivable decreased by 55.91% to ¥12.51 million, mainly due to the collection of receivables from defense clients[19]. - Inventory increased by 47.49% to ¥264.95 million, attributed to delays in order deliveries caused by the COVID-19 pandemic[19]. - Deferred tax assets increased by 52.56% to ¥55.82 million, primarily due to longer collection periods for defense business clients[19]. - Contract liabilities rose by 81.12% to ¥58.50 million, reflecting increased pre-receipts for projects delayed by the pandemic[19]. - Total liabilities decreased to 1.51 billion yuan from 1.54 billion yuan at the end of 2019, showing a reduction of approximately 2%[38]. - Total liabilities amounted to CNY 1,540,778,658.44, with current liabilities at CNY 867,051,723.05 and non-current liabilities at CNY 673,726,935.39[71]. - The total equity attributable to shareholders was CNY 1,719,572,583.44, with total equity including minority interests at CNY 1,735,975,486.82[71]. - The company’s total equity decreased from CNY 1,764,443,125.95 to CNY 1,719,572,583.44 due to adjustments in retained earnings[76]. Shareholder Information - The company had a total of 47,406 common shareholders at the end of the reporting period[11]. - The largest shareholder, Li Ping, held 26.45% of the shares, amounting to 135,169,517 shares[11]. Strategic Initiatives - The company plans to establish a new subsidiary, Dongtu Huihe Technology Co., Ltd., to integrate its smart city-related assets and businesses, including 100% equity of Beijing Tuoming Technology Co., Ltd. and 45% equity of Beijing Dongtu Zhengchuang Technology Co., Ltd.[23]. - The company intends to acquire 100% equity of Beijing Baineng Electric Technology Co., Ltd. through a combination of issuing shares and cash payments, while also raising supporting funds through a non-public issuance to no more than 35 specific investors.[25]. - The company established strategic partnerships with China Mobile, China Unicom, and China Telecom to leverage opportunities in the "5G + Industrial Internet" sector[21]. - The company received the "Industrial Internet Innovation Award" at the 2020 World Artificial Intelligence Conference, recognizing its technological leadership[22]. Cash Flow and Investment Activities - The company received cash from investment recoveries amounting to approximately ¥514.89 million, compared to ¥96.21 million in the previous year[62]. - The total cash inflow from operating activities was ¥361,820,263.32, compared to ¥237,002,896.41 in the previous period, reflecting a growth of approximately 52.5%[64]. - The company reported a total cash inflow from financing activities of ¥186,057,756.16, with a net cash outflow of ¥75,557,836.22, compared to a net inflow of ¥39,341,631.88 in the previous period[66]. - The company reported investment income of approximately ¥71.84 million, compared to a loss of ¥2.81 million in the previous year[57]. Research and Development - Research and development expenses increased to CNY 16,430,694.61 from CNY 14,116,943.55, indicating a focus on innovation[49]. - Research and development expenses increased to approximately ¥46.18 million, up 21.1% from ¥38.14 million in the same period last year[57].