创源股份(300703) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 302,513,980.38, representing a year-on-year increase of 6.09%[7] - Net profit attributable to shareholders decreased by 45.60% to CNY 25,417,005.68 compared to the same period last year[7] - Basic earnings per share fell by 46.36% to CNY 0.1392[7] - The company reported a weighted average return on equity of 3.59%, down by 3.28% from the previous year[7] - The company's operating revenue for the current period is CNY 212,666,063.76, a decrease from CNY 270,567,745.40 in the previous period[41] - The net profit for the current period is CNY 19,624,757.74, down from CNY 44,972,007.00 in the previous period, representing a decline of approximately 56.4%[42] - The total comprehensive income attributable to the parent company is CNY 22,275,813.50, a decrease from CNY 47,748,107.73 in the previous period[42] - The company's operating profit for the current period is CNY 23,060,713.39, down from CNY 53,192,347.72 in the previous period[42] - The total comprehensive income for the current period is CNY 25,218,067.34, down from CNY 47,543,371.70 in the previous period[42] - The company's operating revenue for the third quarter was CNY 626,994,376.31, a decrease of 7.37% compared to CNY 676,939,389.37 in the same period last year[48] - The net profit attributable to the parent company was CNY 51,636,962.38, down 40.19% from CNY 86,245,319.95 in the previous year[50] - The total comprehensive income attributable to the parent company was CNY 45,293,277.52, a decrease of 53.69% from CNY 97,565,982.64 in the previous year[48] Assets and Liabilities - Total assets increased by 15.12% to CNY 1,299,843,811.71 compared to the end of the previous year[7] - The company's total assets as of September 30, 2020, amounted to CNY 1,056,281,059.92, compared to CNY 992,157,469.38 at the end of 2019, representing a growth of 6.5%[34] - The total liabilities increased to CNY 388,486,341.67 in Q3 2020 from CNY 324,208,598.88 in Q3 2019, marking a rise of 19.9%[34] - Current liabilities increased to CNY 565,668,398.46 from CNY 399,583,283.32, reflecting higher short-term borrowings and payables[30] - The company's total equity reached CNY 720,136,101.95, including CNY 228,316,675.19 in undistributed profits[62] - Total liabilities amounted to CNY 408,971,635.97, with current liabilities at CNY 399,583,283.32[62] Cash Flow - Net cash flow from operating activities dropped by 65.51% to CNY 19,746,445.82[7] - Cash flow from purchasing goods and services increased by 28.19% to CNY 502,814,925.59, driven by higher procurement[20] - Cash paid for operating activities rose by 52.96% to CNY 127,995,286.91, mainly due to growth in cross-border e-commerce[20] - The cash flow from operating activities was CNY 7,036,629.74, significantly lower than CNY 84,253,449.27 in the same period last year[53] - The net cash flow from operating activities for the current period is CNY 57,916,835.91, compared to CNY 60,661,544.14 in the previous period, reflecting a decrease of approximately 4%[55] - Total cash inflow from investment activities is CNY 648,741,459.06, while cash outflow is CNY 608,046,285.79, resulting in a net cash flow of CNY 40,695,173.27, a significant improvement from the previous period's negative cash flow of CNY -47,432,237.72[54] - The ending balance of cash and cash equivalents is CNY 291,180,376.26, up from CNY 194,281,375.84 in the previous period, indicating an increase of approximately 50%[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,265[10] - The largest shareholder, Ningbo Beilun Helix Management Consulting Co., Ltd., holds 30.86% of the shares[10] - The company did not engage in any repurchase transactions during the reporting period[12] Expenses - Sales expenses decreased by 22.24% to CNY 38,299,279.92 mainly due to the adjustment of freight costs to be included in the cost of sales[19] - Financial expenses increased by 226.01% to CNY 7,793,660.87 primarily due to increased exchange loss from currency fluctuations[19] - Research and development expenses for Q3 2020 were CNY 13,122,323.56, an increase of 31.1% compared to CNY 10,020,852.25 in Q3 2019[37] - Research and development expenses for the current period amount to CNY 11,584,675.38, slightly down from CNY 11,795,583.95 in the previous period[41] - The company reported a financial expense of CNY 4,842,094.95, compared to a financial income of CNY 9,481,819.22 in the previous period[41] Inventory and Receivables - Accounts receivable increased by 39.49% to ¥248,582,778.29 due to sales growth and extended payment terms[19] - Prepayments surged by 173.24% to ¥67,667,204.92 primarily due to increased advance payments and operational growth of the new Vietnam factory[19] - Inventory rose by 67.84% to ¥167,023,114.89 driven by raw material stocking and increased inventory for cross-border e-commerce[19] - The company's inventory increased to CNY 55,703,577.31 in Q3 2020 from CNY 42,888,096.64 in Q3 2019, reflecting a year-on-year increase of 29.9%[33] Other Income and Expenses - Non-operating income included government subsidies amounting to CNY 8,710,962.31[8] - Investment income dropped by 65.05% to ¥1,944,782.65 due to increased investment in fundraising projects[19] - The fair value change income was CNY 701,699.65, primarily due to gains from hedging activities[20] - Asset disposal income increased by 136.90% to CNY 4,398,888.00, mainly from real estate disposals[20] - Operating income rose by 400.14% to CNY 1,806,062.93, attributed to increased insurance claims received[20] - The company reported a decrease in other comprehensive income, with a net amount of CNY -3,377,622.67 in Q3 2020 compared to CNY 1,060,543.97 in Q3 2019[38]