Hiecise(SZ:300809)2020-10-27 16:00Financial Performance - Operating revenue for the period was ¥69,965,015.59, a decrease of 50.39% year-on-year[8] - Net profit attributable to shareholders was ¥14,273,292.51, down 74.81% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,392,869.95, reflecting an 81.45% decline year-on-year[8] - Basic earnings per share were ¥0.091, a decrease of 81.12% compared to the same period last year[8] - The total profit for the current period is ¥17,262,682.12, down 74.0% from ¥66,563,795.75 in the previous period[55] - The net profit for the current period is ¥6,111,577.02, down 94.8% from ¥116,781,312.11 in the previous period[79] - The total operating revenue for the current period is ¥108,299,370.69, a decrease of 67.5% compared to ¥333,402,392.49 in the previous period[76] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,795,854,418.64, representing a 7.04% increase compared to the end of the previous year[8] - Total liabilities rose to CNY 431,765,135.73 from CNY 290,043,963.93, an increase of about 48.9%[39] - The company's total equity decreased to CNY 1,364,089,282.91 from CNY 1,387,681,690.65, a decline of approximately 1.7%[42] - Total liabilities amount to ¥430,590,273.34, an increase from ¥285,348,901.49 in the previous period[49] - Current liabilities totaled $266.18 million, down from $270.97 million in the previous period[99] Cash Flow - The net cash flow from operating activities was ¥24,873,585.96, down 43.36% year-on-year[8] - Cash flow from operating activities is ¥71,405,566.07, down 24.1% from ¥94,102,878.62 in the previous period[82] - Net cash flow from operating activities decreased to $67.67 million, a decline of 29.1% compared to $95.29 million last period[89] - Cash inflow from investment activities totaled $1.14 billion, significantly higher than $600,000 in the previous period[89] - Net cash flow from investment activities was -$101.53 million, worsening from -$18.92 million in the previous period[89] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,256[12] - Major shareholders include Cao Yuzhong and Zhao Zeming, each holding 23.37% of the shares[12] Inventory and Receivables - Accounts receivable decreased by 46.08% to ¥70,938,829.66 due to the implementation of new revenue standards[21] - Inventory increased by 46.89% to ¥252,633,473.46 primarily due to project delays caused by the global pandemic[21] - Trade receivables dropped significantly to CNY 70,938,829.66 from CNY 131,553,922.03, a decrease of approximately 46.1%[33] Government Subsidies and Other Income - The company received government subsidies amounting to ¥6,449,413.79, primarily related to revenue[8] - Other income rose by 173.88% to ¥6,449,413.79, mainly from government subsidies received[21] - The company reported a significant increase in other income to ¥6,427,262.64, compared to ¥2,134,796.51 in the previous period[76] Research and Development - Research and development expenses for the current period are ¥4,723,427.27, an increase from ¥4,175,765.80 in the previous period[52] - Research and development expenses for the current period are CNY 12,941,988.90, compared to CNY 11,955,333.34 in the previous period, indicating an increase in investment in innovation[66] Strategic Focus - The company plans to continue monitoring the impact of the pandemic on its operations and financial performance[28] - The company has indicated a focus on market expansion and new product development as part of its future strategy[69] Compliance and Standards - The company has no violations regarding external guarantees during the reporting period[29] - The company has implemented new revenue and leasing standards starting from 2020, affecting the financial statements[93] - The company is implementing new revenue and leasing standards starting from 2020, with retrospective adjustments to prior comparative data[111]