飞凯材料(300398) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 515,252,545.19, an increase of 41.05% year-on-year [8]. - Net profit attributable to shareholders was CNY 59,380,828.46, a decrease of 4.48% compared to the same period last year [8]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 51,296,649.05, an increase of 8.88% year-on-year [8]. - Basic earnings per share for the reporting period were CNY 0.12, unchanged from the previous year [8]. - The weighted average return on net assets was 2.29%, a decrease of 0.38% compared to the previous year [8]. - Total operating revenue for the third quarter reached ¥515,252,545.19, an increase of 41.0% compared to ¥365,297,993.88 in the same period last year [64]. - Total operating costs amounted to ¥448,667,905.03, up from ¥309,189,166.10, reflecting a significant increase in operational expenses [67]. - Net profit for the period was ¥63,576,291.65, compared to ¥64,686,745.14 in the same period last year, indicating a slight decrease [67]. - The company reported a net loss of 17,675,513.99 for the current period, compared to a loss of 7,523,177.67 in the previous period [78]. - Total operating revenue for the year-to-date is 1,344,512,112.33, compared to 1,111,622,356.21 in the previous year, showing an increase of approximately 20.9% [79]. Cash Flow and Liquidity - Net cash flow from operating activities was CNY 55,822,923.21, a decrease of 47.42% compared to the same period last year [8]. - Cash received from operating activities decreased by 32.54% to ¥17,817,021.29, primarily due to a reduction in government subsidies compared to the previous year [29]. - Cash paid for purchasing goods and services increased by 37.88% to ¥864,321,231.69, attributed to the expansion of the company's operations and increased payments for key raw materials [29]. - Cash paid to employees rose by 40.69% to ¥234,740,126.98, mainly due to performance bonuses exceeding commitments for Jiangsu Hecheng Display Technology Co., Ltd. [29]. - The cash inflow from operating activities for the current period is approximately ¥1.39 billion, an increase of 24.7% compared to ¥1.11 billion in the previous period [92]. - The net cash flow from operating activities is ¥69.63 million, down 53% from ¥148.42 million in the previous period [92]. - The total cash and cash equivalents at the end of the period is ¥414.65 million, slightly up from ¥397.12 million in the previous period [95]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,493,581,610.48, a decrease of 5.01% compared to the end of the previous year [8]. - Total liabilities decreased to ¥1.83 billion from ¥2.26 billion, representing a reduction of approximately 19.0% [52]. - The company's short-term borrowings decreased significantly to ¥704.65 million from ¥1.15 billion, a decrease of about 38.8% [49]. - Total current assets amounted to CNY 2,393,417,404.93 as of January 1, 2020, unchanged from December 31, 2019 [103]. - Total non-current assets were CNY 2,336,925,821.77 as of January 1, 2020, remaining stable compared to December 31, 2019 [106]. - Total liabilities amounted to CNY 2,256,571,707.62 as of January 1, 2020, consistent with the prior reporting date [109]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,282 [12]. - The largest shareholder, Feikai Holdings Co., Ltd., held 33.46% of the shares [12]. - The equity attributable to shareholders increased to ¥1,864,707,912.70 from ¥1,592,297,062.63, reflecting a growth in shareholder value [62]. Investments and Expenditures - The company received government subsidies amounting to CNY 12,455,706.46 during the reporting period [8]. - Research and development expenses were ¥38,560,841.70, which is a 40.8% increase from ¥27,365,806.76 in the previous year [67]. - The company plans to issue convertible bonds totaling up to ¥82,500 million to enhance capital strength and support business development [30]. - Cash paid for investments skyrocketed by 1,744.14% to ¥69,155,109.01, indicating an increase in external investments [29]. Operational Changes - Accounts receivable decreased by 30.20% to CNY 121,312,796.72 from CNY 173,788,769.95, primarily due to the collection of matured notes [26]. - Prepayments increased by 103.29% to CNY 51,038,473.75 from CNY 25,106,094.86, attributed to the expansion of business scale and increased advance payments for key raw materials [26]. - Accounts payable increased by 54.19% to CNY 224,726,026.63 from CNY 145,744,562.47, driven by proactive raw material procurement [26].