蜀道装备(300540) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 21.15% to CNY 104,924,999.10 for the current period, and by 12.66% to CNY 286,503,740.53 year-to-date[8] - Net profit attributable to shareholders was a loss of CNY 2,522,444.45 for the current period, down 33.39% year-to-date[8] - Basic earnings per share decreased by 33.33% to CNY -0.0202 for the current period[8] - Revenue for the reporting period decreased by 12.66% year-on-year, primarily due to reduced contract execution volume impacted by the COVID-19 pandemic[16] - Net profit for the reporting period decreased by 33.39% year-on-year, attributed to the decline in revenue and higher non-recurring gains in the previous year[16] - The net profit for Q3 2020 was a loss of CNY 2.93 million, compared to a profit of CNY 0.26 million in Q3 2019, indicating a significant decline in profitability[31] - The company's total operating revenue for the current period is CNY 286,503,740.53, a decrease of 12.7% compared to CNY 328,050,585.54 in the previous period[35] - The net profit for the current period is CNY 8,409,996.92, compared to CNY 10,744,462.89 in the previous period, indicating a decline of 21.7%[37] Assets and Liabilities - Total assets increased by 26.41% to CNY 1,191,154,213.36 compared to the end of the previous year[8] - The total liabilities increased to CNY 551.26 million in Q3 2020 from CNY 355.57 million in the same period last year, indicating a rise in financial obligations[29] - Total assets amounted to 942,327,774.00 CNY, with total liabilities at 376,156,186.65 CNY, resulting in total equity of 566,171,587.35 CNY[47] - The company reported a total current asset of 775,547,816.17 CNY, with current liabilities totaling 374,748,186.65 CNY, indicating a current ratio of approximately 2.07[46] Cash Flow - The net cash flow from operating activities was a negative CNY 23,308,038.75 for the current period[8] - Cash flow from operating activities was negative due to high cash payments for goods purchased during the reporting period[16] - The total cash inflow from operating activities is ¥291,755,526.84, an increase from ¥232,978,097.73 in the previous period[41] - The net cash flow from operating activities is -¥20,039,047.28, a decline from ¥26,497,319.84 in the previous period[41] - Total cash inflow from operating activities was 265,704,252.98 CNY, compared to 212,489,514.46 CNY in the previous period, reflecting a growth of approximately 25%[43] - Cash outflow from operating activities increased to 281,360,031.88 CNY from 183,140,269.95 CNY, representing a rise of about 54%[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,088[11] - The largest shareholder, Xie Lemin, holds 12.89% of the shares, totaling 16,077,115 shares[11] - Sichuan Jianyang Port Technology Development Co., Ltd. holds 10.85% of the shares, with 6,596,480 shares pledged[11] Inventory and Receivables - Accounts receivable decreased by 98.24% compared to the beginning of the period due to the collection of matured commercial acceptance bills[15] - Inventory increased by 77.53% compared to the beginning of the period due to an increase in project execution[15] - The company reported a significant increase in accounts receivable, which reached CNY 419.33 million, compared to CNY 329.78 million in the previous year[28] Expenses - Research and development expenses for the current period are CNY 10,798,712.73, slightly down from CNY 11,460,515.36 in the previous period[36] - Sales expenses decreased to CNY 6,407,154.68 from CNY 7,976,218.85, a reduction of 19.7%[36] - The company incurred financial expenses of CNY 3,316,338.74, compared to CNY 3,183,485.59 in the previous period, an increase of 4.2%[36] Other Financial Metrics - The weighted average return on net assets was -0.46% for the current period, down from 1.24% year-to-date[8] - Other income increased by 1218.9% year-on-year, mainly due to an increase in government subsidies[16] - The company achieved a gross profit margin of approximately 12.94% for the current period, down from 12.69% in the previous period[38]