创源股份(300703) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period reached ¥343,001,957.19, reflecting a growth of 20.29% year-on-year[7] - Net profit attributable to shareholders decreased by 45.60% to ¥25,417,005.68 compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥19,580,163.14, down 51.13% year-on-year[7] - Basic earnings per share fell to ¥0.1392, a decrease of 46.36% compared to the same period last year[7] - The weighted average return on equity was 3.59%, down 3.28% from the previous year[7] - Cash flow from operating activities decreased significantly by 65.51% to ¥19,746,445.82[7] - The company reported a decrease in income tax expenses by 32.17% to CNY 13,424,887.24 due to a decline in total profit[20] - Net profit for Q3 2020 was CNY 28,595,690.01, down from CNY 46,482,827.73 in Q3 2019, representing a decrease of approximately 38.6%[39] - The net profit for the current period is CNY 53,393,344.24, down from CNY 95,156,732.45 in the previous period, indicating a decrease of about 43.9%[47] - The total comprehensive income for the current period is CNY 19,624,757.74, down from CNY 44,972,007.00 in the previous period, indicating a decrease of about 56.4%[44] Assets and Liabilities - Total assets increased to ¥1,299,843,811.71, a rise of 15.12% compared to the end of the previous year[7] - Current liabilities rose to CNY 565,668,398.46 from CNY 399,583,283.32, indicating increased short-term financial obligations[31] - The company's total liabilities increased to CNY 388,486,341.67 from CNY 324,208,598.88 year-on-year[35] - Total liabilities amounted to CNY 408,971,635.97, with current liabilities at CNY 399,583,283.32[62] - The company's total equity reached CNY 720,136,101.95, including CNY 182,550,400.00 in share capital and CNY 290,750,292.67 in capital reserve[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,265[11] - The largest shareholder, Ningbo Beilun Helix Management Consulting Co., Ltd., holds 30.86% of the shares[11] Cash Flow - Cash flow from purchasing goods and services increased by 30.63% to CNY 512,364,925.59, driven by higher procurement[20] - Cash paid for operating activities rose by 41.55% to CNY 118,445,286.91, attributed to growth in cross-border e-commerce[20] - The cash flow from operating activities for the current period is CNY 7,036,629.74, significantly lower than CNY 84,253,449.27 in the previous period[54] - The net cash flow from operating activities for the current period is CNY 57,916,835.91, compared to CNY 60,661,544.14 in the previous period, reflecting a decrease of approximately 4.5%[56] Expenses - Sales expenses for the first three quarters increased by 91.24% to ¥94,190,182.85 from ¥49,252,047.45, driven by growth in cross-border e-commerce and related shipping and advertising costs[19] - Financial expenses increased by 226.01% to ¥7,793,660.87 from a negative ¥6,184,848.56, primarily due to increased exchange rate losses[19] - Research and development expenses for Q3 2020 were CNY 13,122,323.56, up from CNY 10,020,852.25 in the previous year, indicating a focus on innovation[38] - The total operating costs for the current period amount to CNY 771,115,068.28, up from CNY 619,595,509.44 in the previous period, which is an increase of about 24.4%[45] Inventory and Receivables - Accounts receivable increased by 39.49% to ¥248,582,778.29 compared to ¥178,210,442.03 at the end of 2019, primarily due to sales growth and extended payment terms[19] - Prepayments surged by 173.24% to ¥67,667,204.92 from ¥24,764,617.60, mainly due to advance payments for goods and increased operations at the new Vietnam factory[19] - Inventory rose by 67.84% to ¥167,023,114.89 from ¥99,514,266.94, attributed to increased raw material stock and inventory for cross-border e-commerce[19] Investment and Other Income - Investment income decreased by 65.05% to CNY 1,944,782.65 due to increased project investments and reduced financial management income[20] - Fair value changes resulted in a gain of CNY 701,699.65 from hedging activities[20] - Asset disposal income increased by 136.90% to CNY 4,398,888.00 primarily from real estate disposals[20] - Operating income rose by 400.14% to CNY 1,806,062.93 due to increased insurance claims received[20] Other Financial Metrics - The company reported a significant increase in construction in progress by 1,388.30% to ¥25,358,905.41 from ¥1,703,886.19, due to increased investment in fundraising projects and the establishment of new subsidiaries[19] - Intangible assets rose by 46.69% to ¥33,204,891.04 from ¥22,636,098.83, mainly due to the acquisition of new subsidiaries[19] - Goodwill was reported at ¥35,681,912.45, attributed to the acquisition of new subsidiaries[19] - The company has reported a tax expense of CNY 13,424,887.24 for the current period, down from CNY 19,791,713.17 in the previous period, indicating a decrease of about 32.4%[47] - The company has not yet audited its third-quarter report, which may affect the reliability of the financial data presented[67]