古鳌科技(300551) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the quarter was CNY 47,068,474.71, down 64.29% year-on-year, and year-to-date revenue decreased by 35.65% to CNY 145,280,963.25[9] - Net profit attributable to shareholders was a loss of CNY 10,906,039.44, representing a decline of 160.38% compared to the same period last year[9] - Basic and diluted earnings per share were both CNY -0.05, reflecting a decrease of 155.56% year-on-year[9] - The company's total revenue for the period was 145.28 million yuan, a decrease of 35.65% compared to the same period last year, primarily due to the procurement cycle of bank clients[20] - The net loss for Q3 2020 was ¥10,350,668.71, compared to a net profit of ¥18,063,533.99 in Q3 2019, indicating a significant decline in profitability[42] - Total operating revenue decreased to ¥145,280,963.25 from ¥225,762,805.30, a decline of approximately 35.6% year-over-year[46] - Operating profit turned negative at -¥24,290,605.31 compared to a profit of ¥10,250,300.57 in the previous period[47] - Net profit decreased significantly to -¥22,082,683.27 from ¥13,885,558.62, indicating a substantial loss[48] - Total comprehensive income was -¥24,051,830.82, contrasting sharply with ¥22,449,676.38 in the prior period[50] Assets and Liabilities - Total assets decreased by 14.68% to CNY 766,223,821.49 compared to the end of the previous year[9] - Current assets totaled ¥567,876,498.27, down from ¥757,716,069.10, indicating a decrease of about 25.1%[32] - Non-current assets increased to ¥198,347,323.22 from ¥140,310,102.12, reflecting a growth of approximately 41.4%[33] - Total liabilities decreased to ¥180,646,628.02 from ¥309,738,691.87, a reduction of about 41.6%[34] - The balance of other receivables at the end of the period was 11.87 million yuan, an increase of 79.41% from the beginning of the year, mainly due to loans for product testing and unreturned operational reserve funds[17] - The balance of intangible assets at the end of the period was 41.73 million yuan, an increase of 355.78% from the beginning of the year, primarily due to the cash acquisition of 60% of Shanghai Qianyu's shares[17] - The balance of goodwill increased by 8.06 million yuan, mainly due to the cash acquisition of 60% of Shanghai Qianyu's shares, where the acquisition cost exceeded the fair value of identifiable net assets[18] - The balance of long-term equity investments at the end of the period was 21.17 million yuan, primarily due to investments in Shanghai Zhiyu through capital increase and equity transfer[17] - The balance of contract liabilities at the end of the period was 7.41 million yuan, an increase of 60.88% from the beginning of the year, mainly due to advance payments received from agents[18] Cash Flow - The net cash flow from operating activities was a negative CNY 8,651,961.16, an increase in outflow of 26.28% year-on-year[9] - The company's operating cash flow net amount was -144.38 million yuan, a decrease of 95.68% compared to the same period last year, mainly due to lower cash receipts from sales[22] - The cash inflow from operating activities was CNY 201,035,483.27, a decrease of 23.4% compared to CNY 262,385,779.89 in the previous period[51] - The net cash flow from operating activities was -CNY 144,375,676.25, worsening from -CNY 73,780,357.39 in the same period last year[51] - The cash inflow from investment activities totaled CNY 83,423,177.35, down from CNY 131,217,180.85 in the previous period[53] - The net cash flow from investment activities was CNY 39,448,899.52, a decrease from CNY 49,164,415.78 year-on-year[53] - The cash inflow from financing activities was CNY 20,000,000.00, compared to CNY 18,200,000.00 in the previous period[53] - The net cash flow from financing activities was CNY 14,401,784.89, slightly down from CNY 15,008,157.43 in the same period last year[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,116[13] - The largest shareholder, Chen Chongjun, held 28.38% of the shares, amounting to 57,550,500 shares, with 12,400,000 shares pledged[13] - The company did not engage in any repurchase transactions during the reporting period[14] Research and Development - The company's research and development expenses for the period were 21.44 million yuan, a decrease of 31.82% compared to the same period last year[22] - Research and development expenses for Q3 2020 were ¥4,577,704.47, down 61.7% from ¥11,957,499.59 in Q3 2019[41] - Research and development expenses were reduced to ¥21,444,532.96 from ¥31,451,431.83, a decrease of approximately 31.9% year-over-year[47] Strategic Focus - The company plans to continue expanding its market presence and investing in new technologies, as indicated by the significant increase in intangible assets and long-term equity investments[17] - The company is focusing on cost reduction strategies to improve financial performance in the upcoming quarters[39]