兆丰股份(300695) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 95,386,002.61, down 42.59% year-on-year[8] - Net profit attributable to shareholders was CNY 40,803,961.16, a decrease of 30.58% compared to the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 30,292,451.88, down 46.10% year-on-year[8] - Basic earnings per share were CNY 0.61, a decrease of 30.68% compared to the same period last year[8] - Total operating revenue for Q3 2020 was CNY 95,386,002.61, a decrease from CNY 166,152,657.98 in the previous period[43] - The net profit for Q3 2020 was CNY 40,847,680.68, down 30.6% from CNY 58,798,459.38 in Q3 2019[46] - The total profit for Q3 2020 was CNY 47,684,379.46, a decrease of 30.3% from CNY 68,451,287.48 in Q3 2019[45] - The total comprehensive income for Q3 2020 was CNY 40,847,680.68, a decrease of 30.6% from CNY 58,798,459.38 in Q3 2019[46] - The company's operating profit for Q3 2020 was CNY 47,684,699.11, down 30.3% from CNY 68,443,725.84 in the same quarter last year[45] - The total profit for the quarter was CNY 148,930,621.87, a decrease of 7.5% from CNY 161,754,960.92 in the same quarter last year[54] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,136,735,728.52, a decrease of 3.64% compared to the end of the previous year[8] - Total assets as of September 30, 2020, were CNY 2,140,425,985.14, compared to CNY 2,221,949,408.12 at the end of 2019[40] - Total liabilities decreased to CNY 332,066,422.01 from CNY 341,809,166.54 year-on-year[41] - Total liabilities reached CNY 342,877,364.60, with current liabilities at CNY 320,902,403.58 and non-current liabilities at CNY 21,974,961.02[70] - The company holds non-current financial assets valued at CNY 82,000,000.00, indicating long-term investment strategies[68] Cash Flow - The net cash flow from operating activities was CNY 70,054,169.49, an increase of 89.61% year-on-year[8] - Operating cash inflow for Q3 2020 was CNY 494.52 million, up from CNY 363.40 million in Q3 2019, representing an increase of 36.1%[61] - Net cash flow from operating activities was CNY 154.72 million, compared to CNY 77.17 million in the same period last year, indicating a growth of 100.5%[61] - Cash outflow from investment activities totaled CNY 207.11 million, a decrease from CNY 2.25 billion in Q3 2019, reflecting a significant reduction in investment spending[62] - The company reported a cash outflow from financing activities of CNY 200.03 million, compared to CNY 66.68 million in the same quarter last year, indicating increased financing costs[63] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,280[12] - The largest shareholder, Hangzhou Dazhaofeng Industrial Group Co., Ltd., held 36.13% of the shares[12] - Cash dividends of RMB 30 per 10 shares were distributed, totaling RMB 200,033,100, with the distribution successfully completed on July 8, 2020[27] - The company has not made any adjustments to its profit distribution policy during the reporting period, ensuring clarity and compliance with regulations[27] Strategic Initiatives - The company signed a strategic cooperation framework agreement with Shaanxi Automobile Group, aiming to expand its main business and explore new profit growth points[20] - The company plans to issue up to 10 million shares, raising a total of no more than RMB 600 million for projects including the production of 480,000 sets of maintenance-free hub bearing units for commercial vehicles and 2.3 million sets for new energy vehicles[22] Research and Development - Research and development expenses for Q3 2020 were CNY 8,594,821.44, an increase of 11.5% compared to CNY 7,706,030.19 in Q3 2019[48] - Research and development expenses increased to CNY 24,349,393.61, up from CNY 21,996,447.14 year-over-year, indicating a focus on innovation[56] Tax and Financial Management - The company received tax refunds amounting to RMB 32,174,181.82, a significant increase of 394.04% compared to RMB 6,512,526.13 in the previous year[19] - The company’s tax expenses for Q3 2020 were CNY 6,836,698.78, down 29.4% from CNY 9,652,828.10 in the previous year[45] - The company experienced a foreign exchange loss of CNY 2.80 million, contrasting with a gain of CNY 5.20 million in the same period last year, indicating increased currency volatility[65] Compliance and Reporting - The company implemented new revenue and leasing standards starting from 2020[76] - The third quarter report was not audited[76]