PERI(SZ:300831)2020-10-27 16:00Financial Performance - Operating revenue decreased by 39.43% to CNY 18,731,239.55 for the current period[9] - Net profit attributable to shareholders increased by 1,168.01% to CNY 6,920,134.82 for the current period[9] - Basic earnings per share increased by 901.01% to CNY 0.0216 for the current period[9] - The company's operating revenue for the reporting period was RMB 108,173,764.28, a decrease of 29.38% compared to RMB 153,173,230.65 in the previous period, primarily due to delays in project bidding and construction caused by the COVID-19 pandemic[18] - The net profit for the third quarter was CNY 6,930,489.60, compared to a net loss of CNY 627,963.49 in the previous year, indicating a significant turnaround[43] - The total profit for the period was CNY 33,410,731.23, which is a marginal decrease of 0.3% from CNY 33,515,744.35 in the previous year[50] - The total comprehensive income for the quarter was CNY 6,930,489.60, compared to a loss of CNY 627,963.49 in the previous year, indicating a strong recovery[44] Assets and Liabilities - Total assets increased by 30.52% to CNY 812,361,363.48 compared to the end of the previous year[9] - The company's total assets increased to RMB 669,602,269.19 from RMB 468,334,440.13, reflecting a strong growth in liquidity[33] - The company's total liabilities decreased significantly, with a notable reduction in tax payable by 89.60% to RMB 825,814.64, primarily due to a decrease in VAT payable[20] - The company's total liabilities decreased from CNY 150,428,887.49 to CNY 54,045,785.96, a reduction of about 64.0%[35] - Total liabilities amounted to CNY 150,428,887.49 as of the third quarter of 2020[69] Cash Flow - Net cash flow from operating activities increased by 399.45% to CNY 47,577,956.87 for the current period[9] - The net cash flow from operating activities increased by 717.16% to RMB 73,827,354.36 compared to RMB 9,034,650.84 in the previous period, driven by increased payments received and government subsidies[20] - The cash flow from operating activities was CNY 156,075,265.95, an increase from CNY 135,653,500.39 in the previous year[57] - The cash outflow for operating activities totaled ¥82,247,911.59, a decrease from ¥126,618,849.55 in the previous year, reflecting improved cost management[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,017[13] - The largest shareholder, Xi'an Power Electronics Technology Research Institute, holds 39.55% of the shares[13] - The company has not engaged in any repurchase transactions among its top shareholders during the reporting period[15] Research and Development - Research and development expenses fell by 40.56% to RMB 3,395,704.38, as costs incurred during the pandemic were reclassified as management expenses[18] - Research and development expenses amounted to CNY 1,285,618.76, down from CNY 3,170,417.45, reflecting a reduction of approximately 59.5%[46] Other Income and Expenses - Non-recurring gains and losses totaled CNY 10,846,380.06, primarily from government subsidies and other income[10] - The company reported a substantial increase in other income, rising 14,663.13% to RMB 12,495,064.00, due to various government subsidies received[18] - Financial expenses decreased significantly by 83.44% to RMB 687,123.52, following the repayment of bank loans in April 2020[18] Inventory and Accounts Receivable - Accounts receivable decreased by 57.81% to RMB 1,686,396.10, as a result of the maturity and settlement of commercial acceptance bills[19] - The company's inventory decreased from CNY 80,605,711.09 to CNY 67,255,232.19, a decline of about 16.6%[36] Future Outlook - The company plans to continue focusing on R&D and market expansion despite the challenges posed by the pandemic[18] - The company anticipates a significant impact on net profit due to delays in project bidding and construction caused by the COVID-19 pandemic, particularly affecting the supply of core components for DC transmission projects[24]