ZTT(600522)2020-10-30 16:00Financial Performance - Total assets increased by 4.81% to RMB 42.13 billion compared to the end of the previous year[5] - Net profit attributable to shareholders increased by 10.84% to RMB 1.58 billion year-on-year[5] - Operating revenue grew by 4.02% to RMB 30.36 billion compared to the same period last year[5] - Basic earnings per share rose by 11.04% to RMB 0.5248[5] - The company's weighted average return on equity increased by 0.03 percentage points to 7.18%[5] - The company's diluted earnings per share increased by 10.82% to RMB 0.4957[5] - Net profit attributable to the parent company increased to RMB 10.82 billion as of September 30, 2020, from RMB 9.53 billion as of December 31, 2019[19] - Total operating revenue for the first three quarters of 2020 reached RMB 30.36 billion, a 4% increase compared to RMB 29.19 billion in the same period of 2019[23] - Net profit for Q3 2020 was 514.67 million RMB, up 49.2% from 344.86 million RMB in Q3 2019[24] - Operating profit for Q3 2020 stood at 662.48 million RMB, a 46.1% rise from 453.55 million RMB in Q3 2019[24] - Total comprehensive income for Q3 2020 was 512.65 million RMB, up 34.3% from 381.67 million RMB in Q3 2019[25] - Basic earnings per share for Q3 2020 were 0.1668 RMB, a 46.7% increase from 0.1137 RMB in Q3 2019[25] - Net profit for the first three quarters of 2020 reached 1,329,188,974.66 RMB, a significant increase compared to 1,125,143,110.06 RMB in the same period of 2019[29] - Total comprehensive income for the first three quarters of 2020 was 1,347,716,543.41 RMB, up from 1,138,397,478.81 RMB in 2019[30] Cash Flow and Liquidity - Cash flow from operating activities improved significantly, with a net outflow of RMB 47.82 million compared to RMB 626.78 million in the same period last year[5] - Cash and cash equivalents decreased to RMB 8.00 billion as of September 30, 2020, from RMB 9.97 billion as of December 31, 2019[17] - Cash flow from operating activities for the first three quarters of 2020 was -47,821,909.17 RMB, an improvement from -626,777,424.28 RMB in 2019[31] - Cash flow from investing activities for the first three quarters of 2020 was -969,809,377.81 RMB, compared to -1,453,053,127.33 RMB in 2019[33] - Cash flow from financing activities for the first three quarters of 2020 was -918,687,237.97 RMB, a decrease from 1,639,314,739.94 RMB in 2019[33] - Cash and cash equivalents at the end of the third quarter of 2020 were 7,059,910,611.01 RMB, up from 5,659,971,004.30 RMB at the same time in 2019[33] - Net cash flow from operating activities for the first three quarters of 2020 was -1,102,571,931.44 RMB, compared to -219,135,891.74 RMB in the same period of 2019[34] - Net cash flow from investing activities for the first three quarters of 2020 was 837,405,361.43 RMB, a significant improvement from -2,758,339,583.92 RMB in the same period of 2019[34] - Net cash flow from financing activities for the first three quarters of 2020 was -1,080,216,980.20 RMB, compared to 2,086,594,073.96 RMB in the same period of 2019[35] - The net increase in cash and cash equivalents for the first three quarters of 2020 was -1,352,770,474.77 RMB, compared to -886,005,022.47 RMB in the same period of 2019[35] - The ending balance of cash and cash equivalents for the first three quarters of 2020 was 2,334,933,576.59 RMB, compared to 1,371,708,525.09 RMB in the same period of 2019[35] Assets and Liabilities - Total assets increased to RMB 42.13 billion as of September 30, 2020, compared to RMB 40.19 billion as of December 31, 2019[17][19] - Accounts receivable increased to RMB 8.25 billion as of September 30, 2020, compared to RMB 6.47 billion as of December 31, 2019[17] - Total liabilities increased to RMB 19.27 billion as of September 30, 2020, from RMB 18.70 billion as of December 31, 2019[18][19] - Short-term borrowings decreased to RMB 1.17 billion as of September 30, 2020, from RMB 1.33 billion as of December 31, 2019[18] - Total equity increased to RMB 22.86 billion as of September 30, 2020, compared to RMB 21.49 billion as of December 31, 2019[19] - Fixed assets decreased to RMB 8.74 billion as of September 30, 2020, from RMB 9.05 billion as of December 31, 2019[18] - Inventory increased to RMB 7.40 billion as of September 30, 2020, compared to RMB 7.14 billion as of December 31, 2019[17] - Long-term loans decreased to RMB 1.29 billion as of September 30, 2020, from RMB 1.63 billion as of December 31, 2019[18] - Total assets as of the end of Q3 2020 were RMB 28.20 billion, remaining stable compared to RMB 28.20 billion at the end of 2019[21] - Accounts receivable increased by 17.8% to RMB 5.16 billion in Q3 2020, compared to RMB 4.38 billion at the end of 2019[21] - Total liabilities decreased by 9.2% to RMB 10.29 billion in Q3 2020, compared to RMB 11.34 billion at the end of 2019[22] - Short-term borrowings decreased by 57.2% to RMB 141.51 million in Q3 2020, compared to RMB 330.62 million at the end of 2019[22] - Prepayments decreased by 77.7% to RMB 233.74 million in Q3 2020, compared to RMB 1.05 billion at the end of 2019[21] - Other receivables increased by 54% to RMB 2.36 billion in Q3 2020, compared to RMB 1.53 billion at the end of 2019[21] - Total assets as of Q3 2020 amounted to 8.10 billion RMB, a 13.3% increase from 7.14 billion RMB in Q3 2019[28] Revenue and Expenses - Operating costs for the first three quarters of 2020 were RMB 28.40 billion, up 2.9% from RMB 27.59 billion in the same period of 2019[23] - R&D expenses increased by 24.1% to RMB 879.68 million in the first three quarters of 2020, compared to RMB 708.58 million in the same period of 2019[23] - Revenue for Q3 2020 reached 2.71 billion RMB, a 7.8% increase compared to 2.52 billion RMB in Q3 2019[28] - R&D expenses in Q3 2020 surged to 111.90 million RMB, a 100.2% increase from 55.90 million RMB in Q3 2019[28] - Sales revenue from goods and services for the first three quarters of 2020 was 29,204,123,295.98 RMB, slightly higher than 28,745,044,362.75 RMB in 2019[31] - Payments for goods and services in the first three quarters of 2020 were 27,057,067,111.87 RMB, down from 27,565,226,338.95 RMB in 2019[31] - Payments to employees in the first three quarters of 2020 were 1,339,029,133.75 RMB, an increase from 1,158,410,831.51 RMB in 2019[33] - Tax payments in the first three quarters of 2020 were 897,402,899.64 RMB, down from 945,467,665.48 RMB in 2019[33] - Sales revenue from goods and services received in cash for the first three quarters of 2020 was 7,388,315,373.60 RMB, an increase from 6,420,768,577.42 RMB in the same period of 2019[34] - Cash paid for goods and services for the first three quarters of 2020 was 7,810,344,533.27 RMB, an increase from 6,049,305,779.93 RMB in the same period of 2019[34] - Cash paid to employees for the first three quarters of 2020 was 338,225,912.33 RMB, an increase from 267,898,163.25 RMB in the same period of 2019[34] Investments and Financial Instruments - Transactional financial assets decreased by 85.18% to 67,540,516.74, mainly due to a reduction in structured deposits[10] - Derivative financial assets increased by 332.38% to 102,609,325.54, primarily due to an increase in forward exchange floating gains[10] - Other equity instrument investments surged by 364.94% to 568,154,436.48, driven by external equity investments and fair value changes[10] - Financial expenses increased by 158.37% to 322,328,954.20, primarily due to higher amortized interest on convertible bonds[12] - Fair value change gains rose by 182.08% to 147,001,887.93, mainly due to changes in the value of other non-current financial assets[12] - As of September 30, 2020, 757,000 yuan of "Zhongtian Convertible Bonds" had been converted into 74,304 shares, accounting for 0.0024% of the total shares before conversion[13] - Investment income for Q3 2020 reached 11.34 million RMB, a 30.9% increase from 8.66 million RMB in Q3 2019[28] - Interest income for Q3 2020 was 22.80 million RMB, a 786.2% surge from 2.57 million RMB in Q3 2019[28] Shareholder and Equity Information - The company's largest shareholder, Zhongtian Technology Group, holds 25.05% of the shares[7] - The number of shareholders decreased to 202,538 by the end of the reporting period[7] - The company plans to continue its share repurchase program, with the repurchase period ending on February 13, 2021[13] Government Subsidies and Other Income - Government subsidies received during the period amounted to RMB 156.25 million[6] - Cash received from tax refunds for the first three quarters of 2020 was 2,500,656.54 RMB, a decrease from 28,329,403.51 RMB in the same period of 2019[34] - Cash received from other operating activities for the first three quarters of 2020 was 252,336,278.66 RMB, an increase from 142,179,796.75 RMB in the same period of 2019[34] Credit and Impairment - Credit impairment losses in Q3 2020 were -33.24 million RMB, a 54.0% improvement from -72.35 million RMB in Q3 2019[24]