海昌新材(300885) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the current period was CNY 67,171,764.98, representing a 41.58% increase year-on-year[8] - Net profit attributable to shareholders for the current period was CNY 19,072,256.25, an increase of 13.76% year-on-year[8] - Basic earnings per share decreased by 14.29% to CNY 0.24[8] - Weighted average return on equity decreased by 33.65% to 3.50%[8] - The company's total revenue for the third quarter of 2020 was CNY 67,171,764.98, up from CNY 47,444,628.46 in the same period of 2019, representing a year-over-year increase of about 41.6%[42][44] - The net profit for the third quarter of 2020 was CNY 19,072,256.25, compared to CNY 16,765,969.40 in the third quarter of 2019, indicating a growth of approximately 13.8%[44] - Net profit for the period was ¥42,830,501.88, a decrease of 6.0% from ¥45,670,963.49 in the previous period[49] - Basic and diluted earnings per share were both ¥0.54, down from ¥0.76 in the previous period[50] Assets and Liabilities - Total assets increased by 115.69% to CNY 726,376,452.90 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 128.52% to CNY 687,823,401.37 compared to the end of the previous year[8] - The total liabilities as of September 30, 2020, were CNY 38,553,051.53, slightly up from CNY 35,778,467.30 at the end of 2019, showing a growth of approximately 7.8%[41] - The company's equity attributable to shareholders reached CNY 687,823,401.37 as of September 30, 2020, compared to CNY 300,991,232.21 at the end of 2019, reflecting an increase of about 128.5%[42] Cash Flow - Net cash flow from operating activities decreased by 88.06% to CNY 2,034,976.81 compared to the same period last year[8] - Net cash flow from operating activities decreased by ¥18.49 million, a decline of 35.13%, mainly due to a decrease in cash received from sales of goods and services[19] - Net cash flow from investing activities decreased by ¥62.98 million, a decline of 41.39%, mainly due to increased cash paid for investments[19] - Net cash flow from financing activities increased by ¥345.47 million, a growth of 28,433.76%, primarily due to funds raised from the IPO[19] - The company raised a total of ¥379.4 million from the IPO, with a net amount of ¥344.00 million after deducting issuance costs[20] - The net cash flow from operating activities for Q3 2020 was ¥34,140,256.13, a decrease of 35% compared to ¥52,632,762.83 in Q3 2019[53] - The total cash inflow from investment activities was ¥40,857,928.46, down from ¥61,496,569.25 in the previous year, resulting in a net cash outflow of ¥48,307,628.04 for investment activities[54] - The company raised ¥351,142,000.00 from financing activities, leading to a net cash flow of ¥344,255,219.13 after accounting for cash outflows[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,559[12] - The largest shareholder, Zhou Guangrong, holds 43.00% of the shares, totaling 34,400,000 shares[12] Other Financial Metrics - Non-recurring gains and losses totaled CNY 1,791,978.79 for the year-to-date[9] - Cash and cash equivalents increased by ¥328.98 million, a growth of 303.99%, mainly due to funds raised from the IPO[17] - Accounts receivable increased by ¥22.12 million, a growth of 42.89%, primarily due to increased operating revenue[17] - Other receivables increased by ¥1.85 million, a growth of 240.10%, mainly due to an increase in export tax rebates[17] - Deferred tax assets increased by ¥0.32 million, a growth of 45.26%, primarily due to an increase in impairment provisions[17] - Operating costs for the third quarter of 2020 were CNY 44,291,359.11, compared to CNY 29,457,585.16 in the same quarter of 2019, representing an increase of approximately 50.3%[44] - Research and development expenses for the third quarter of 2020 were CNY 2,065,396.16, up from CNY 1,744,084.72 in the same period of 2019, indicating a growth of about 18.4%[44] - The company reported a financial expense of CNY 2,152,058.28 for the third quarter of 2020, compared to a financial income of CNY 1,616,133.18 in the same quarter of 2019, reflecting a significant change in financial performance[44] - The company experienced a credit impairment loss of ¥-1,172,448.62, compared to a gain of ¥559,079.13 in the previous period[49] - The total comprehensive income attributable to the parent company was ¥42,830,501.88, down from ¥45,670,963.49 in the previous period[50] Compliance and Standards - The company did not report any non-compliance with external guarantees or commitments during the reporting period[32][33] - The company did not undergo an audit for the Q3 2020 report, indicating that the figures presented are unaudited[56] - The company did not apply new revenue and leasing standards for the financial statements starting in 2020, as indicated in the report[55]