锦鸡股份(300798) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥208,336,945.09, representing a decrease of 22.25% year-on-year, while year-to-date revenue decreased by 43.22% to ¥526,948,881.20[7] - Net profit attributable to shareholders was ¥1,223,130.08, down 95.94% year-on-year, with a year-to-date net profit of ¥4,217,801.18, down 95.20%[7] - Basic and diluted earnings per share were both ¥0.0029, reflecting a decrease of 96.54% year-on-year[7] - The weighted average return on equity was 0.10%, down 96.59% compared to the previous year[7] - The company expects a net profit attributable to shareholders to decline by 81.31% to ¥1,800,000, compared to ¥9,634,090 in the same period last year[21] - The net profit for Q3 2020 was CNY 3,304,884.42, a significant decrease from CNY 88,129,547.93 in the same period last year, reflecting a decline of approximately 96.25%[47] - The total profit for Q3 2020 was CNY 6,482,268.60, down from CNY 102,327,577.43 in Q3 2019, indicating a decrease of about 93.66%[47] Cash Flow - The net cash flow from operating activities was negative at -¥25,718,137.21, a decline of 251.99% compared to the same period last year[7] - The net cash flow from operating activities was ¥924,024.95, a decrease of 95.65% compared to ¥21,254,632.60, mainly due to reduced sales revenue[15] - The company reported a net cash flow from operating activities of CNY 924,024.95, a significant drop from CNY 21,254,632.60 in the previous year[55] - The net cash flow from investment activities was 2,949,506.85 CNY, a decrease of 14,800,524.62 CNY compared to the previous period[56] - The cash flow from financing activities was -9,590,882.38 CNY, compared to a positive flow of 502,990.49 CNY in the previous period[59] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,511,194,935.37, a slight increase of 0.02% compared to the previous year[7] - Total liabilities increased to CNY 305,458,500.67 from CNY 287,536,319.03 in the previous period, reflecting a rise of approximately 7.5%[31] - Current liabilities totaled CNY 292,219,604.04, compared to CNY 272,533,925.56 in the previous period, indicating an increase of about 7.2%[31] - Non-current liabilities decreased to CNY 13,238,896.63 from CNY 15,002,393.47, a decline of approximately 11.7%[31] - Cash and cash equivalents rose to CNY 64,569,983.07 from CNY 47,395,512.52, representing an increase of about 36.3%[32] - The company's retained earnings decreased to CNY 519,909,184.31 from CNY 536,578,830.38, a reduction of approximately 3.1%[32] - The total equity attributable to shareholders was CNY 1,194,814,985.80, down from CNY 1,211,484,631.87, reflecting a decrease of about 1.4%[32] Shareholder Information - The company reported a total of 11,883 common shareholders at the end of the reporting period[11] - The top shareholder, Zhao Weiguo, holds 18.42% of the shares, totaling 76,951,817 shares[11] - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[12] Operational Costs and Expenses - Operating costs decreased by 36.84% to ¥457,645,821.02 from ¥724,577,245.91, as sales revenue declined significantly[15] - Research and development expenses were ¥17,592,199.15, down 49.29% from ¥34,689,693.48, due to delays caused by the pandemic[15] - The company reported a significant decrease in income tax expenses, down 77.62% to ¥3,177,384.18 from ¥14,198,029.50, due to a sharp decline in operating profit[15] - The company’s management expenses increased to CNY 2,950,244.67 from CNY 2,376,196.88 in the previous year, representing an increase of about 24.1%[50] Future Plans and Projects - The company plans to raise up to ¥60,000,000 through the issuance of convertible bonds for the fine chemical products project in Ningxia[18] - The company has established a wholly-owned subsidiary in Ningxia for the fine chemical products project, with the project being approved by the board of directors[17] Other Financial Metrics - Non-recurring gains and losses included government subsidies amounting to ¥3,426,044.09, primarily from listing rewards and other government incentives[8] - The company incurred a credit impairment loss of CNY -152,094.77, an improvement from CNY -2,496,748.22 in the previous period[38] - The company reported other income of CNY 1,246,044.09, a decrease from CNY 1,356,692.06 in the previous year, reflecting a decline of approximately 8.14%[47]