厚普股份(300471) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥113,861,888.53, a decrease of 21.20% year-on-year[7] - Net profit attributable to shareholders was -¥24,189,128.48, representing a decline of 222.86% compared to the same period last year[7] - Basic earnings per share were -¥0.0663, down 222.78% from the previous year[7] - The weighted average return on net assets was -2.06%, a decrease of 3.71% compared to the previous year[7] - Net profit decreased significantly by 11,419.15% from CNY 517,530.77 to CNY -58,580,083.74, mainly due to reduced sales revenue and increased credit impairment losses[22] - The company expects a significant decline in cumulative net profit for the year, influenced by intense market competition and the impact of the COVID-19 pandemic on operations[26] - The net profit for Q3 2020 was a loss of ¥27,230,906.14, compared to a profit of ¥18,922,028.14 in the same period last year[45] - Total operating revenue for the current period is ¥276,524,664.64, a decrease of 9.34% from ¥304,972,376.16 in the previous period[51] - Net profit for the current period is -¥58,580,083.74, compared to a net profit of ¥517,530.77 in the previous period, indicating a significant decline[53] - The total comprehensive income for Q3 2020 was -¥27,765,298.93, compared to ¥18,362,657.74 in the previous year[46] Cash Flow - The net cash flow from operating activities was -¥12,930,665.83, a decrease of 313.17% year-on-year[7] - Cash flow from operating activities showed a net outflow of ¥40,573,386.38, a decline of 127.33% year-on-year, attributed to decreased sales collections and increased working capital requirements[24] - The company reported a cash inflow from financing activities of ¥51,016,500.39, a 156.50% increase compared to the previous year, mainly due to short-term interest-free borrowings[24] - The net cash flow from operating activities for Q3 2020 was -40,573,386.38 CNY, a significant decrease compared to 148,483,081.58 CNY in Q3 2019[61] - Total cash inflow from operating activities was 409,282,157.57 CNY, while cash outflow was 449,855,543.95 CNY, resulting in a net cash flow deficit[61] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,924,864,025.20, an increase of 6.95% compared to the previous year[7] - Total liabilities rose to CNY 706,040,052.27, up from CNY 544,636,513.29 in the previous year[37] - Current liabilities totaled CNY 670,246,030.69, compared to CNY 526,765,696.62 in the same period last year, reflecting a significant increase[37] - Non-current assets amounted to CNY 1,132,316,887.73, slightly up from CNY 1,115,588,184.39 year-over-year[38] - The company’s total equity decreased to CNY 1,218,823,972.93 from CNY 1,255,147,112.74[38] - The company reported short-term borrowings of CNY 120,000,000.00 and accounts payable of CNY 178,989,628.35[69] Shareholder Information - The total number of common shareholders at the end of the reporting period was 29,954[11] - The largest shareholder, Jiang Tao, holds 33.55% of the shares, amounting to 122,350,850 shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] Research and Development - R&D expenses increased by 39.30% from CNY 15,455,259.13 to CNY 21,528,879.07, reflecting higher investments in hydrogen and marine technology[21] - Research and development expenses increased to ¥9,252,389.56 from ¥5,175,329.31, indicating a focus on innovation[48] Tax and Refunds - The company received tax refunds of ¥1,800,779.35, a significant increase of 2682.31% compared to the same period last year, primarily due to refunds from subsidiaries[24] - The company experienced a significant increase in tax expenses, which rose to ¥2,541,763.94 from ¥990,554.00[48] Inventory and Receivables - Cash and cash equivalents decreased by 35.39% from CNY 103,493,772.61 to CNY 66,867,100.97 due to increased operational expenditures and capital contributions to joint ventures[19] - Inventory rose by 50.42% from CNY 254,337,779.53 to CNY 382,575,721.70, driven by increased stock and new subsidiary inventory[19] - Accounts receivable financing dropped by 89.15% from CNY 8,754,194.64 to CNY 950,000.00, primarily due to the endorsement transfer of bank acceptance bills[19] Other Financial Metrics - The company recorded an asset disposal gain of CNY 709,390.48, a 211.83% increase compared to the previous period, due to the sale of idle assets[22] - The company reported an investment loss of -¥3,258,610.30, contrasting with a gain of ¥1,692,353.33 in the previous period[53] - The company did not report any non-operating fund occupation by controlling shareholders or related parties during the reporting period[29]