NEWAY(SH:603699)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 2,706,552,626.93, representing a year-on-year growth of 22.40%[8] - Net profit attributable to shareholders for the first nine months was CNY 400,710,950.81, an increase of 8.10% compared to the same period last year[8] - Basic earnings per share for the first nine months was CNY 0.53, an increase of 8.16% compared to CNY 0.49 in the same period last year[8] - Total operating revenue for Q3 2020 reached CNY 1,008,358,702.63, a 19.6% increase from CNY 843,173,743.80 in Q3 2019[27] - Net profit for Q3 2020 was CNY 143,640,266.16, down from CNY 155,648,798.47 in Q3 2019, a decline of 7.0%[29] - The company reported a total comprehensive income of CNY 137,216,422.29 for Q3 2020, compared to CNY 163,228,804.58 in Q3 2019, a decrease of 15.9%[31] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 531,266,116.58, a significant recovery from a negative cash flow of CNY -80,406,790.00 in the previous year[8] - The net cash flow from operating activities for the first three quarters of 2020 was approximately ¥531.27 million, a significant improvement from a net outflow of ¥80.41 million in the same period of 2019[40] - The total cash inflow from operating activities was ¥2,560,852,394.47, compared to ¥1,871,697,203.49 in the previous year[43] - The cash flow from investment activities showed a significant decline, with a net cash flow of -¥76,001,727.98 in Q3 2020 compared to a positive cash flow of ¥450,373,240.63 in Q3 2019[41] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,145,816,766.49, an increase of 3.71% compared to the end of the previous year[8] - Total liabilities reached CNY 2,055,056,617.15, down from CNY 2,124,928,038.55 year-over-year, indicating a reduction of approximately 3.25%[25] - The company's total equity increased to CNY 2,635,548,995.61 from CNY 2,537,823,775.36, reflecting a growth of about 3.07%[25] - Cash and cash equivalents decreased to CNY 192,289,788.39 from CNY 255,417,992.48, representing a decline of approximately 24.7%[24] - Accounts receivable decreased to CNY 1,312,803,816.43 from CNY 1,453,437,927.83, a reduction of about 9.7%[24] - Inventory increased to CNY 1,046,164,539.96 from CNY 951,518,681.18, showing an increase of approximately 9.95%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,636, with the largest shareholder holding 53.15% of the shares[9] - The company has a significant portion of shares pledged, with 138,050,000 shares from the largest shareholder being pledged[9] Research and Development - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[9] - R&D expenses increased by 39.24% to ¥98,886,631.77, reflecting higher investment in research and development[16] - Research and development expenses increased to CNY 32,686,694.02 in Q3 2020, up from CNY 29,162,063.94 in Q3 2019, representing an increase of 8.6%[29] Investment and Financing Activities - The company received government subsidies amounting to CNY 21,273,123.83 for the first nine months, contributing positively to the financial results[9] - Total cash inflow from investment activities was ¥577,050,004.12, down from ¥1,462,553,885.67 in the previous year, resulting in a net cash outflow of ¥99,784,763.42 for 2020[43] - Cash inflow from financing activities reached ¥1,330,306,049.00, compared to ¥1,123,786,350.00 in 2019, while cash outflow totaled ¥1,876,197,186.80, up from ¥1,660,771,937.38[43]