QCIOT(688528)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 210,361,578.64, a 33.74% increase compared to the same period last year[9] - Net profit attributable to shareholders rose by 32.71% year-on-year, amounting to CNY 34,235,479.02[9] - Basic earnings per share increased by 20.00% to CNY 0.24[10] - The company's operating revenue for Q3 2020 was ¥75,420,037.02, representing a 34.3% increase from ¥56,151,391.68 in Q3 2019[27] - The net profit for Q3 2020 was ¥6,896,331.05, down 24.6% from ¥9,152,712.04 in Q3 2019[28] - The gross profit margin decreased, leading to a 38.18% increase in operating costs to ¥122,788,472.38[17] - The company reported a gross profit margin of approximately 38.2% for Q3 2020, compared to 43.8% in Q3 2019, indicating a decrease in profitability[27] Assets and Equity - Total assets increased by 104.66% year-on-year, reaching CNY 970,795,546.97[9] - Net assets attributable to shareholders increased by 154.49% year-on-year, totaling CNY 742,719,445.86[9] - The total equity increased to ¥742,719,445.86 in Q3 2020, compared to ¥291,844,567.84 in Q3 2019, representing a 154.5% increase[24] - Cash and cash equivalents increased by 885.15% to ¥393,488,549.57 compared to ¥39,942,143.48 at the end of 2019[17] - Accounts receivable rose by 34.85% to ¥244,682,943.01, driven by increased operating revenue[17] Cash Flow - The net cash flow from operating activities was negative at CNY -20,528,479.49, a decrease of 247.83% compared to the previous year[9] - The company's cash flow from operating activities for the first three quarters of 2020 showed a significant improvement, although specific figures were not provided in the extracted content[29] - The total cash inflow from operating activities for the first three quarters of 2020 was 160,452,697.24 RMB, compared to 130,636,247.98 RMB in the same period of 2019, reflecting growth[30] - The cash outflow from operating activities in the first three quarters of 2020 was 180,981,176.73 RMB, significantly higher than 116,749,554.71 RMB in the same period of 2019[30] Financing Activities - The company issued new shares, resulting in a net cash inflow from financing activities of ¥428,160,655.71[18] - Total cash inflow from financing activities in Q3 2020 was 472,032,600.00 RMB, a substantial increase from 23,852,633.82 RMB in Q3 2019[31] - The net cash flow from financing activities for Q3 2020 was 428,160,655.71 RMB, compared to -3,308,503.63 RMB in Q3 2019, showing a strong improvement[31] Shareholder Information - The total number of shareholders reached 11,496[14] - The top shareholder, Shao Zehua, holds 60.22% of the shares, totaling 101,165,281 shares[14] Research and Development - R&D expenditure as a percentage of operating revenue decreased by 1.95 percentage points to 8.36%[10] - Research and development expenses for the first three quarters of 2020 were ¥17,591,491.96, compared to ¥16,210,930.46 in the same period of 2019, reflecting an 8.5% increase[27] Management and Expenses - Management expenses increased by 44.05% to ¥15,113,545.76, attributed to higher personnel costs and consulting fees[17] - The company reported a significant increase in credit impairment losses, with a rise of 943.74% to -¥2,790,577.65[17] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies, although specific strategies were not detailed in the extracted content[29]