GS(SH:601500)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 8.63% to CNY 85,803,700.15 year-on-year[18] - Operating income for the first nine months decreased by 5.71% to CNY 2,460,691,921.02 compared to the same period last year[18] - Basic earnings per share decreased by 9.09% to CNY 0.10[21] - The company reported a net profit of ¥1,111,814,984.55, up from ¥1,069,625,788.90, reflecting an increase of about 3.9% in retained earnings[48] - Net profit attributable to shareholders for Q3 2020 was CNY 53,987,231.23, up from CNY 36,062,801.70 in Q3 2019, indicating a growth of approximately 49.5%[62] - The company’s total profit for Q3 2020 was CNY 54,047,063.00, compared to CNY 39,617,388.35 in Q3 2019, indicating an increase of about 36.4%[60] Assets and Liabilities - Total assets increased by 5.30% to CNY 7,297,497,456.41 compared to the end of the previous year[18] - Total liabilities increased to ¥3,652,767,651.86, up from ¥3,272,088,615.10, representing a growth of approximately 11.6%[46] - Current liabilities totaled ¥2,816,748,101.07, compared to ¥2,554,986,888.16, reflecting an increase of about 10.3%[46] - Long-term borrowings rose to ¥763,092,117.62 from ¥648,436,042.21, marking an increase of approximately 17.7%[46] - The total assets reached ¥6,264,103,061.63, compared to ¥6,096,977,474.84, indicating a growth of approximately 2.7%[52] - Total liabilities increased to CNY 2,634,909,495.60 from CNY 2,471,735,922.83, marking an increase of about 6.6%[54] Cash Flow - Net cash flow from operating activities improved significantly to CNY 148,173,010.66, a turnaround from a negative CNY 119,906,951.01 in the previous year[18] - Net cash flow from investing activities decreased by 85.52% to -¥215,997,691.84 from -¥1,491,740,527.61, due to reduced fixed asset investments[34] - Net cash flow from financing activities dropped by 88.36% to ¥243,464,127.85 from ¥2,090,968,081.23, primarily due to last year's fundraising through private placement[34] - Cash flow from operating activities for the first nine months of 2020 was approximately ¥2.30 billion, down from ¥2.70 billion in the same period of 2019[73] - The net cash flow from operating activities for Q3 2020 was ¥203,804,722.50, a significant improvement compared to a net outflow of ¥69,061,096.68 in Q3 2019[80] Shareholder Information - The total number of shareholders at the end of the reporting period was 37,188[22] - The largest shareholder, Hongdou Group Co., Ltd., holds 61.51% of the shares, with 378,900,000 shares pledged[22] - As of the report date, the controlling shareholder increased its stake by 8,020,007 shares, representing 0.92% of the total shares[37] Investments and Expenses - Research and development expenses decreased by 29.82% to ¥64,976,718.43 from ¥92,591,087.90, reflecting a focus on product strategy[30] - Financial expenses surged by 411.15% to ¥55,125,602.08 from ¥10,784,628.77, driven by increased bank borrowings[30] - Investment income increased by 803.20% to ¥30,792,632.42 from ¥3,409,273.67, mainly due to higher earnings from equity method investments[30] - Research and development expenses for Q3 2020 were CNY 23,514,386.54, compared to CNY 24,382,921.80 in Q3 2019, indicating a decrease of about 3.6%[58] - The company reported a financial expense of CNY 33,471,128.65 in Q3 2020, significantly higher than CNY 5,122,477.99 in Q3 2019, reflecting an increase of approximately 553.5%[58] Future Plans and Standards - The company plans to issue non-public A-shares, as approved in board meetings held on September 27 and October 14, 2020[35] - The company will implement the new leasing standard starting January 1, 2021, following the adoption of the new revenue standard on January 1, 2020[97]