东岳硅材(300821) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥29,422,587.59, down 79.86% year-on-year[8] - Operating revenue for the reporting period was ¥615,996,796.35, a decrease of 17.08% compared to the same period last year[8] - Basic earnings per share were ¥0.02, a decrease of 87.50% compared to the same period last year[8] - The weighted average return on net assets was 0.76%, down 6.77% year-on-year[8] - Net profit decreased by 75.44% to ¥112,850,428.27 from ¥459,403,872.93, primarily due to lower product sales prices[25] - The company expects a net profit decrease of 68.39% for the upcoming reporting period, influenced by the COVID-19 pandemic and economic conditions[27] - Total operating revenue for the current period is CNY 1,771,728,896.67, a decrease of 16.9% compared to CNY 2,132,839,171.51 in the previous period[56] - Net profit for the current period is CNY 112,850,428.27, a significant decrease from CNY 459,403,872.93 in the previous period, indicating challenges in profitability[58] - The company reported a profit margin of approximately 6.4% for the current period, down from 21.6% in the previous period[58] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,312,013,210.86, an increase of 72.61% compared to the end of the previous year[8] - The company's total assets increased to CNY 4,312,013,210.86 from CNY 2,498,066,709.86, reflecting a growth of approximately 72.5%[45] - Total liabilities rose to CNY 405,538,555.26, compared to CNY 390,290,949.51 in the previous period, indicating an increase of about 3.2%[42] - The equity attributable to shareholders increased to CNY 3,906,474,655.60 from CNY 2,107,775,760.35, marking a growth of approximately 85.3%[45] - The total non-current assets reached CNY 1,265,890,501.31, up from CNY 1,018,592,715.77, indicating an increase of approximately 24.3%[45] Cash Flow - The net cash flow from operating activities was ¥42,734,199.92, down 81.25% year-on-year[8] - Operating cash flow net amount dropped by 78.26% to ¥100,232,096.18 from ¥461,109,310.10, mainly due to reduced sales revenue[25] - Cash flow from operating activities increased to CNY 971,836,519.53 from CNY 886,960,983.18, indicating improved cash generation[63] - Operating cash inflow totaled $1,015,895,669.55, an increase from $995,400,270.34 in the previous period[67] - Financing cash inflow was $2,012,415,094.34, with cash outflow for dividend and interest payments totaling $293,772,376.10, resulting in a net cash flow from financing activities of $1,717,642,718.24[68] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 80,445[12] - The largest shareholder, Dongyue Fluorosilicon Technology Group Co., Ltd., held 57.75% of the shares[12] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[19] Research and Development - Research and development expenses surged by 153.34% to ¥120,999,808.80 from ¥47,762,526.79, reflecting increased investment in R&D projects[25] - Research and development expenses increased to CNY 120,999,808.80 from CNY 47,762,526.79, highlighting a focus on innovation[56] Government Subsidies and Other Income - The company received government subsidies amounting to ¥7,759,588.00 during the reporting period[8] - Other income increased significantly by 1971.27% to ¥7,759,588.00 from ¥374,630.00, mainly from government subsidies[22] Investment Activities - The company invested ¥100,000,000.00 in Dongyue Future Hydrogen Energy Company during the reporting period[22] - The company reported a financial expense of CNY 60,269,609.94, which included a negative adjustment of CNY 3,273,412.51[46] Cost Management - The company has implemented cost control measures, as evidenced by a reduction in sales and management expenses compared to the previous period[56] - Total operating costs for the current period are CNY 1,646,478,534.36, down from CNY 1,695,294,299.93, reflecting a cost reduction strategy[56]