电工合金(300697) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 5.95% to CNY 422,042,627.71 for the current period, and by 22.04% to CNY 1,156,532,664.70 year-to-date[7] - Net profit attributable to shareholders increased by 1.16% to CNY 34,691,733.32 for the current period, but decreased by 25.79% to CNY 84,275,937.38 year-to-date[7] - Basic earnings per share rose by 1.21% to CNY 0.167 for the current period, while year-to-date it fell by 25.82% to CNY 0.405[7] - Total operating revenue for Q3 2020 was CNY 422,042,627.71, a decrease from CNY 448,758,070.71 in the previous period[35] - The net profit for the third quarter was CNY 34,742,624.95, slightly up from CNY 34,294,629.86, representing a year-on-year increase of 1.3%[38] - The total comprehensive income for the third quarter was CNY 25,612,977.77, down from CNY 39,049,579.20, reflecting a decline of 34.4%[38] - The total profit for Q3 2020 was CNY 105,780,225.75, a decrease of 24% from CNY 139,906,921.44 in Q3 2019[45] Cash Flow - Net cash flow from operating activities was negative at CNY -49,088,082.85, a decrease of 129.57% compared to the previous period[7] - The net cash flow from operating activities for the third quarter was -27,447,120.13 CNY, compared to 161,533,603.42 CNY in the same period last year, indicating a significant decline[53] - Cash inflow from sales of goods and services was 383,062,523.36 CNY, significantly lower than 805,443,608.72 CNY in the same period last year[55] - The company reported a total cash outflow from operating activities of 1,244,361,558.31 CNY, down from 1,517,009,807.72 CNY in the previous year[53] Assets and Liabilities - Total assets increased by 1.54% to CNY 1,253,685,409.28 compared to the end of the previous year[7] - Total assets as of September 30, 2020, were CNY 822,902,133.79, down from CNY 899,153,483.52 at the end of 2019[33] - Total liabilities decreased to CNY 174,222,459.84 from CNY 244,765,269.23[33] - The company's total liabilities reached CNY 390,332,391.40, with non-current liabilities at CNY 997,702.50[62] - The company's equity attributable to shareholders rose to CNY 864,906,041.88 from CNY 842,024,737.53[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,354[11] - The largest shareholder, Jiangyin Kangda Enterprise Management Co., Ltd., holds 36.25% of the shares[11] - The company distributed cash dividends totaling ¥49,920,000.00, amounting to ¥2.4 per 10 shares, as approved in the shareholder meeting[20] Research and Development - Research and development expenses decreased by 41.19% to ¥15,746,436.26 from ¥26,777,276.71 due to reduced R&D investment[18] - Research and development expenses for the third quarter were CNY 4,014,863.62, down from CNY 5,776,561.56, showing a reduction of 30.6%[39] - The company incurred research and development expenses of CNY 10,630,380.89, down from CNY 23,106,435.17 in the same period last year[47] Financial Position - Cash and cash equivalents decreased by 40.66% to ¥145,130,626.38 from ¥244,560,724.20 due to reduced sales collections and decreased operating payables[18] - The company's cash and cash equivalents decreased to CNY 49,616,382.93 from CNY 192,444,429.50[30] - The ending balance of cash and cash equivalents was 64,204,390.24 CNY, a decrease from 198,140,185.05 CNY year-over-year[54] Other Financial Metrics - The weighted average return on equity was 3.91%, down by 0.36% from the previous period[7] - The company reported non-recurring gains and losses totaling CNY 5,723,508.07 for the year-to-date[9] - The company reported a significant decrease in financial expenses by 52.46% to ¥7,383,474.44 from ¥15,531,997.85 due to reduced interest expenses[18] - The company experienced a credit impairment loss of CNY 828,628.68, compared to a loss of CNY 1,176,975.66 in the previous year[45]