Feitian(SZ:300386)2020-10-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 227,273,863.33, an increase of 9.03% year-on-year [7]. - Net profit attributable to shareholders was CNY 8,208,489.02, a decrease of 54.94% compared to the same period last year [7]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,101,133.56, a decrease of 66.54% year-on-year [7]. - Basic earnings per share were CNY 0.02, a decrease of 50.00% year-on-year [7]. - The weighted average return on equity was 0.45%, a decrease of 0.59% compared to the previous year [7]. - The net profit for the third quarter was CNY 8,420,152.13, compared to CNY 18,452,251.44 in the same period last year, representing a decrease of approximately 54.4% [36]. - The company reported a total profit of CNY 8,564,843.03 for the third quarter, down from CNY 19,540,673.98 in the same period last year [36]. - The total comprehensive income for the quarter was CNY 23,378,600.62, down from CNY 33,927,920.65, a decrease of 31.0% [45]. Cash Flow - The net cash flow from operating activities was CNY -40,402,783.82, a decrease of 370.55% compared to the same period last year [7]. - Net cash flow from operating activities decreased by 99.08% to -¥158,489,791.27, primarily due to increased cash payments for goods and services [16]. - The cash flow from operating activities for the year-to-date period was -186,820,466.66 CNY, worsening from -75,354,147.40 CNY in the previous year [54]. - The net cash flow from investment activities was 46,339,579.08 CNY, a significant improvement from -197,517,977.93 CNY in the same quarter last year [53]. - The net increase in cash and cash equivalents for Q3 2020 was -122,596,058.37 CNY, compared to -295,755,447.30 CNY in Q3 2019, indicating an improvement in cash management [53]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,998,817,304.67, a decrease of 0.30% compared to the end of the previous year [7]. - Cash and cash equivalents decreased by 24.81% to ¥378,206,055.93 compared to the beginning of the year, primarily due to increased cash payments for goods and employee compensation, as well as dividend payments [15]. - Trade receivables increased by 36.18% to ¥168,818,037.99, mainly due to an increase in customer debts [15]. - Inventory rose by 26.60% to ¥438,154,962.63, attributed to increased stockpiling [15]. - Other current assets surged by 293.31% to ¥37,682,000.24, primarily due to the purchase of large certificates of deposit maturing within one year [15]. - The total liabilities decreased to CNY 126,563,245.20 from CNY 128,621,691.36 in the previous period [32]. - Deferred tax assets increased by 35.32% to ¥4,790,682.23, primarily due to the recognition of deductible losses [15]. Shareholder Information - The company reported a total of 49,693 common shareholders at the end of the reporting period [10]. - The top shareholder, Huang Yu, holds 30.31% of the shares, totaling 126,700,046 shares [10]. - The company did not engage in any repurchase transactions during the reporting period [12]. Research and Development - Research and development expenses for Q3 2020 were CNY 27,580,031.13, compared to CNY 24,352,999.42 in the same period last year, reflecting a growth of approximately 9.1% [35]. - Research and development expenses for the quarter were CNY 48,730,135.59, down from CNY 52,852,895.85, a decrease of 7.4% [47].