华信新材(300717) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 61,992,128.43, down 21.29% year-on-year [8]. - Net profit attributable to shareholders was CNY 7,207,891.22, a decrease of 36.37% compared to the same period last year [8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,050,114.86, down 39.71% year-on-year [8]. - Basic earnings per share for the reporting period were CNY 0.07, a decrease of 36.36% compared to the same period last year [8]. - Total operating revenue for Q3 2020 was CNY 61,992,128.43, a decrease of 21.2% compared to CNY 78,762,561.40 in the same period last year [34]. - Net profit for Q3 2020 was CNY 7,207,891.22, representing a decline of 36.5% from CNY 11,327,097.11 in Q3 2019 [36]. - The company reported a total comprehensive income of CNY 7,207,891.22 for Q3 2020, compared to CNY 11,327,097.11 in the same quarter last year [36]. - The total operating revenue for the year-to-date period was CNY 182,784,022.58, down 20.0% from CNY 228,457,326.89 in the previous year [39]. - The net profit for Q3 2020 was CNY 25,845,504.70, a decrease of 31.5% compared to CNY 37,774,536.01 in Q3 2019 [40]. - Total profit for Q3 2020 was CNY 30,711,860.03, a decline of 31.9% compared to CNY 45,031,892.21 in Q3 2019 [40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 641,979,933.87, a decrease of 2.25% compared to the end of the previous year [8]. - Total liabilities as of Q3 2020 amounted to CNY 51,532,813.98, a decrease of 28.1% from CNY 71,673,894.36 at the end of the previous year [32]. - Current liabilities totaled CNY 54,929,779.27, while total liabilities reached CNY 71,673,894.36 [50]. - Total assets amounted to CNY 656,755,509.55, with non-current assets at CNY 331,636,040.80 [49]. - Owner's equity was reported at CNY 585,081,615.19, with a capital reserve of CNY 237,891,125.09 [51]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 43,055,937.01, an increase of 17.32% [8]. - Cash flow from tax refunds increased by 151.41%, reaching CNY 3,306,225.75 compared to CNY 1,315,081.08 in the previous period, driven by an increase in VAT export refunds [19]. - The cash flow from operating activities for Q3 2020 was CNY 43,055,937.01, an increase of 17.3% from CNY 36,700,628.53 in Q3 2019 [44]. - Cash and cash equivalents at the end of Q3 2020 were CNY 104,172,411.83, compared to CNY 72,807,460.77 at the end of Q3 2019 [45]. - The company’s cash and cash equivalents decreased to CNY 105,377,583.47 from CNY 137,196,490.72, indicating a decline of 23.14% [28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,683 [12]. - The largest shareholder, Jiangsu Huazhi Industrial Co., Ltd., held 51.00% of the shares [12]. Expenses and Costs - Total operating costs for Q3 2020 were CNY 54,385,653.13, down 17.5% from CNY 65,872,068.31 year-over-year [35]. - Sales expenses decreased by 33.98%, amounting to CNY 6,744,063.92 compared to CNY 10,215,523.57 in the previous period, primarily due to reduced transportation and advertising costs [19]. - Research and development expenses for Q3 2020 were CNY 2,211,736.08, down 18.9% from CNY 2,726,776.57 in Q3 2019 [35]. Investment Activities - The company plans to continue its investment strategy, focusing on financial products and long-term equity investments to enhance returns [22]. - Long-term equity investments reached CNY 2,964,320.10, attributed to investments in Nanjing Jinzijing Environmental Technology Co., Ltd. [17]. - Investment activities resulted in a net cash outflow of CNY 54,554,054.11 for Q3 2020, compared to a net outflow of CNY 59,633,611.73 in Q3 2019 [45]. - The company experienced a 73.58% decline in cash received from investment income, which fell to CNY 388,833.04 from CNY 1,471,642.28, mainly due to a decrease in financial product principal [19]. Government Subsidies - The company received government subsidies amounting to CNY 2,939,524.01 during the reporting period [10]. Other Information - The company has not reported any significant changes in its cash dividend policy during the reporting period [22]. - The company has recognized contract liabilities of CNY 3,106,158.86, reflecting pre-received customer payments [51]. - The company has not undergone an audit for the third quarter report [52]. - The company has implemented new revenue and leasing standards starting in 2020, with no retrospective adjustments made [52].