Tricolor(SH:603516)2020-10-29 16:00Financial Performance - Operating income for the first nine months increased by 12.70% year-on-year, totaling CNY 316,284,931.04[7] - Net profit attributable to shareholders decreased by 12.96% year-on-year, amounting to CNY 84,249,522.38, primarily due to the recognition of equity incentive expenses of CNY 22,760,000[7] - Basic and diluted earnings per share fell by 14.86% to CNY 0.63[7] - The company reported a gross profit margin of approximately 24.6% for Q3 2020, compared to 32.3% in Q3 2019[34] - Net profit for Q3 2020 was ¥43,885,327.57, representing a 15.4% increase compared to ¥38,044,587.63 in Q3 2019[35] - The total comprehensive income for the period was ¥9,947,059.57, compared to ¥5,639,142.73 in the same period last year, indicating a significant increase[38] Cash Flow - Net cash flow from operating activities surged by 285.62% year-on-year, reaching CNY 75,622,779.87, indicating significant improvement in cash flow[7] - The net cash flow from operating activities was CNY 75,622,779.87, a significant improvement from a net outflow of CNY -40,739,778.96 in the first three quarters of 2019[40] - The total cash inflow from investment activities was CNY 884,183,700.73, down 43.9% from CNY 1,577,228,832.62 in the previous year[41] - The cash inflow from sales of goods and services was CNY 286,511,186.01, up from CNY 202,927,692.13 in the first three quarters of 2019[40] - The cash and cash equivalents at the end of the period were CNY 200,135,587.84, a decrease from CNY 61,517,598.49 at the end of the same period in 2019[41] Assets and Liabilities - Total assets increased by 39.80% year-on-year, reaching CNY 1,315,537,247.08 at the end of the reporting period[6] - Total liabilities amounted to CNY 340,563,432.34, significantly higher than CNY 108,208,695.06, marking an increase of over 214%[28] - The company's equity attributable to shareholders rose to CNY 974,973,814.74 from CNY 832,623,673.98, an increase of approximately 17%[28] - Current assets totaled CNY 961,555,525.89, up from CNY 617,734,913.77, indicating a growth of about 55% year-over-year[27] - The total liabilities as of Q3 2020 were ¥442,097,951.29, compared to ¥197,021,390.62 in the previous year[32] Expenses - Operating costs increased by 32.93% to RMB 123,001,796.48 from RMB 92,534,534.51, primarily due to the growth in operating revenue[14] - Research and development expenses rose by 36.11% to RMB 41,571,033.28, attributed to an increase in R&D personnel and stock incentive expenses[16] - The company experienced a 19.98% increase in selling expenses, totaling RMB 43,513,060.98, due to an increase in sales personnel and stock incentive costs[14] - Research and development expenses for Q3 2020 amounted to ¥14,286,555.76, a 34.0% increase from ¥10,588,994.77 in Q3 2019[34] Shareholder Information - The total number of shareholders reached 13,544 at the end of the reporting period[10] - The largest shareholder, He Shida, holds 28.52% of the shares, with 14,110,000 shares pledged[11] Future Outlook - The company expects to continue progressing towards its annual goals despite the temporary adverse effects of external factors such as the COVID-19 pandemic[8] - The company plans to continue expanding its market presence and enhancing its product offerings, leveraging the recovery from external adverse impacts such as the COVID-19 pandemic[16] - The company plans to continue expanding its market presence and investing in new technologies and products[35]