Tiamaes(SZ:300807)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -17,936,664.28, a decline of 406.20% year-on-year[8] - Operating revenue fell by 40.27% to CNY 33,881,784.86 for the reporting period[8] - Basic earnings per share were CNY -0.26, down 316.67% year-on-year[8] - The company reported a net loss of CNY 18,215,342.69 for Q3 2020, compared to a profit of CNY 4,831,772.65 in Q3 2019[40] - Total operating revenue decreased to ¥34,601,986.08, down 39% from ¥56,767,010.36 in the previous year[44] - The company's operating profit was reported at -¥22,465,592.46, compared to -¥2,843,347.33 in the same quarter last year, showing a worsening operational performance[44] - The total comprehensive loss for the period was ¥22,035,138.96, compared to a comprehensive income of ¥1,468,499.28 in the same quarter last year[45] - The net profit for the current period was ¥12,018,758.62, down from ¥39,918,758.52, representing a decline of 69.9%[52] Assets and Liabilities - Total assets decreased by 23.67% to CNY 712,944,461.99 compared to the end of the previous year[8] - The company's total assets as of September 30, 2020, were CNY 751,671,112.90, down from CNY 893,404,988.68 at the end of 2019[36] - Total liabilities decreased to CNY 134,336,794.94 from CNY 240,593,729.34, a decline of 44.1%[37] - The company's equity attributable to shareholders was CNY 617,334,317.96, down from CNY 652,811,259.34[37] - Total liabilities amounted to 253,065,482.24 CNY, indicating a stable financial position[62] - The company's equity attributable to shareholders was 680,791,006.72 CNY, reflecting a solid capital structure[63] Cash Flow - The net cash flow from operating activities was CNY -2,116,816.62, an increase of 96.49% compared to the same period last year[8] - The net cash flow from operating activities for the first nine months of 2020 was -CNY 65.15 million, a decline of 16.83% from -CNY 55.76 million in 2019[19] - Cash and cash equivalents decreased to CNY 46,465,708.50 from CNY 385,647,432.57 at the end of 2019, a decline of 87.9%[34] - The net cash flow from operating activities was -54,862,323.82 CNY, compared to -80,729,488.60 CNY in the previous year, indicating an improvement[58] - The total cash outflow from financing activities was -¥142,626,286.95, compared to -¥14,436,305.53 in the previous period[55] Investments and Expenses - Long-term equity investments increased by 339.80% to CNY 13.56 million from CNY 3.08 million[16] - The company reported an investment income of CNY 2.24 million, a significant increase of 488.78% compared to a loss of CNY 0.58 million in the previous year[18] - Research and development expenses increased to CNY 17,948,241.51 from CNY 13,895,398.12, reflecting a growth of 29.5%[40] - Research and development expenses increased to ¥20,239,096.84, up 42.9% from ¥14,166,546.76 year-over-year, reflecting a continued investment in innovation[44] - The company reported a significant increase in investment income to ¥30,490,046.71, up from ¥19,570,165.54[51] Shareholder Information - The company reported a total of 10,574 common shareholders at the end of the reporting period[11] - The top shareholder, Guo Jianguo, holds 37.27% of the shares, totaling 25,289,680 shares[11] Regulatory and Accounting Changes - The company has reclassified advance receipts to contract liabilities in accordance with new accounting standards, impacting financial reporting[16] - The company implemented new revenue and leasing standards starting in 2020, necessitating adjustments to the financial statements[59] - The company has not undergone an audit for the third quarter report[67]