XZB(SH:603040)2020-10-26 16:00Financial Performance - Operating revenue for the first nine months was ¥252,547,333.13, reflecting a year-on-year growth of 6.41%[6] - Net profit attributable to shareholders for the first nine months was ¥106,417,299.88, representing a significant increase of 22.20% compared to the same period last year[6] - The company's operating revenue for Q3 2020 was ¥103,490,781.56, an increase from ¥90,188,786.89 in Q3 2019, representing a growth of approximately 14.4%[27] - The net profit for Q3 2020 reached ¥43,368,518.09, compared to ¥31,734,359.76 in Q3 2019, indicating a year-over-year increase of about 36.8%[25] - The total profit for Q3 2020 was ¥50,936,427.79, compared to ¥38,372,204.12 in Q3 2019, marking an increase of approximately 32.8%[24] - The total comprehensive income for Q3 2020 was ¥43,237,073.91, compared to ¥31,232,415.46 in Q3 2019, reflecting a growth of about 38.4%[25] Assets and Liabilities - Total assets at the end of the reporting period reached ¥959,035,391.44, an increase of 5.98% compared to the end of the previous year[6] - Total assets as of September 30, 2020, amounted to ¥978,770,949.65, compared to ¥907,020,189.83 at the end of 2019, indicating an increase of 7.4%[20] - Total liabilities decreased to ¥76,879,856.56 from ¥94,837,261.76, indicating improved financial health[17] - Total liabilities decreased to ¥70,108,670.69 from ¥83,005,224.59, a reduction of 15.5%[20] - Shareholders' equity increased to ¥882,155,534.88 from ¥810,102,356.11, demonstrating a strong capital position[17] - Owner's equity increased to ¥908,662,278.96 from ¥824,014,965.24, representing a growth of 10.3%[21] Cash Flow - Cash flow from operating activities for the first nine months was ¥88,555,465.35, an increase of 8.90% year-on-year[6] - Cash inflow from operating activities for the first three quarters of 2020 was ¥268.04 million, up from ¥241.65 million in the same period of 2019, reflecting an increase of approximately 10.9%[30] - Net cash flow from operating activities for the first three quarters of 2020 was ¥88.56 million, compared to ¥81.32 million in 2019, indicating a growth of about 8.8%[30] - Cash and cash equivalents decreased by 77.62% to ¥55,254,282.38 from ¥246,939,720.43 due to increased investments in financial products[11] - Cash and cash equivalents decreased to ¥34,309,926.34 from ¥222,658,415.66, a decline of 84.6%[20] - Cash inflow from investment activities for the first three quarters of 2020 was ¥423.15 million, compared to ¥620.29 million in the same period of 2019, reflecting a decline of about 31.8%[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,466[8] - The largest shareholder, Hangzhou Zuofeng Investment Management Co., Ltd., held 51.53% of the shares[8] Research and Development - Research and development expenses for the first three quarters of 2020 totaled ¥15,666,797.95, compared to ¥17,366,588.49 in the same period of 2019, a decrease of 9.8%[23] - Research and development expenses for Q3 2020 were ¥5,167,576.58, an increase from ¥3,890,870.23 in Q3 2019, showing a rise of about 32.9%[27] Other Income and Expenses - Non-operating income for the first nine months totaled ¥22,515,499.25, with government subsidies contributing significantly[7] - Other income surged by 191.85% to ¥10,469,428.32 from ¥3,587,219.14, mainly due to increased government subsidies related to daily operations[11] - The company incurred credit impairment losses of ¥-1,232,837.75 in Q3 2020, compared to ¥-499,399.28 in Q3 2019, indicating an increase in losses[24] - The company’s total assets impairment losses for Q3 2020 were ¥-531,525.51, compared to ¥-389,411.21 in Q3 2019, indicating a rise in impairment losses[24] Market Strategy - The company plans to continue expanding its market presence and investing in new product development[10]