清水源(300437) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 1.86% to CNY 362,684,828.09 for the current period, and year-to-date revenue decreased by 21.34% to CNY 888,645,424.90[7] - Net profit attributable to shareholders increased by 6.31% to CNY 33,557,232.27 for the current period, but decreased by 30.27% year-to-date to CNY 72,256,407.94[7] - Operating profit decreased by 45.96% to ¥101,036,736.20 primarily due to the impact of the pandemic on project execution[15] - Total operating revenue for the third quarter was CNY 362,684,828.09, compared to CNY 369,577,027.32 in the previous period[34] - Net profit for the third quarter was CNY 33,836,896.01, compared to CNY 41,601,513.33 in the same period last year, representing a decline of approximately 18.7%[36] - The company’s total assets as of the end of the reporting period were CNY 888,645,424.90, compared to CNY 1,129,763,773.32 in the previous year[42] - Operating revenue for the first three quarters of 2020 was ¥408,404,516.67, down from ¥426,386,775.11 in the same period last year, representing a decline of 4.6%[46] Cash Flow and Liquidity - Net cash flow from operating activities surged by 414.13% to CNY 99,451,912.38 for the current period, and increased by 257.24% year-to-date to CNY 142,982,889.19[7] - Cash flow from operating activities decreased by 47.06% to ¥179,880,224.88 influenced by inter-group fund transfers[15] - Cash received from tax refunds rose by 51.60% to ¥20,848,548.48 due to changes in export tax rebate policies[15] - Operating cash inflow for Q3 2020 was CNY 1,113,926,790.39, a decrease of 2.9% compared to CNY 1,146,930,592.78 in Q3 2019[51] - Net cash flow from operating activities turned positive at CNY 142,982,889.19, compared to a negative CNY 90,933,812.65 in the same period last year[51] - The ending balance of cash and cash equivalents was CNY 413,265,231.18, down from CNY 515,831,672.20 at the end of Q3 2019[52] Assets and Liabilities - Total assets increased by 4.36% to CNY 4,877,692,156.22 compared to the end of the previous year[7] - Current liabilities rose to CNY 2,176,549,936.38 from CNY 2,035,310,717.21, an increase of approximately 6.9%[28] - Total liabilities increased to CNY 2,913,613,347.81 from CNY 2,762,889,302.90, marking an increase of about 5.4%[28] - The company's total equity reached CNY 1,964,078,808.41, up from CNY 1,910,960,456.32, reflecting an increase of approximately 2.8%[29] - Total liabilities reached CNY 2,762,889,302.90, with current liabilities at CNY 2,035,310,717.21 and non-current liabilities at CNY 727,578,585.69[59] - The total liabilities to equity ratio is approximately 1.44, indicating a moderate level of financial leverage[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,230[11] - The largest shareholder, Wang Zhiqing, holds 43.63% of the shares, totaling 95,270,000 shares[11] Research and Development - Research and development expenses increased by 105.60% to ¥20,339,087.52 reflecting higher investment in R&D projects[15] - The company plans to continue focusing on research and development to drive future growth and market expansion[36] Government Subsidies - The company received government subsidies amounting to CNY 13,350,638.12 during the reporting period, primarily related to advanced manufacturing and enterprise development funds[8] - The company received government subsidies amounting to ¥13,195,638.12, a 195.55% increase compared to the previous year[15] Credit and Impairment - The company reported a credit impairment loss of CNY 2,842,640.69, a significant improvement compared to a loss of CNY 11,544,910.78 in the previous year[36] - The company reported a credit impairment loss of ¥12,852,569.70 in Q3 2020, compared to a gain of ¥3,222,123.55 in Q3 2019[43] Other Financial Metrics - Basic earnings per share rose by 6.29% to CNY 0.1537, while diluted earnings per share decreased by 10.65% to CNY 0.1292[7] - Basic earnings per share for the third quarter were CNY 0.1537, an increase from CNY 0.1446 in the previous period[37] - The weighted average return on equity decreased by 2.70% to 2.06%[7] - The company reported a decrease in employee compensation payable from CNY 9,630,583.39 to CNY 6,015,411.12, a reduction of approximately 37.5%[28]