MESNAC(SZ:002073)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 176.78% to CNY 15,912,924.51 for the reporting period[10] - Operating revenue for the reporting period was CNY 720,101,508.60, representing a 7.22% increase year-on-year[10] - Net cash flow from operating activities rose by 222.62% to CNY 94,160,597.52 compared to the same period last year[10] - The company reported a net profit of CNY -1,717,432.14 after deducting non-recurring gains and losses, a decrease of 147.81% year-on-year[10] - The company reported a net profit increase in retained earnings to CNY 2,139,554,927.59 from CNY 2,126,598,800.54[56] - The company reported a total profit of approximately $13.7 million, compared to $12.6 million in the previous period, reflecting an increase of about 8.7%[62] - Net profit for the current period was approximately $10.1 million, a substantial increase from $1.4 million in the previous period, marking a growth of about 608.5%[62] - The net profit attributable to the parent company's shareholders was approximately $15.9 million, compared to $5.7 million in the prior period, representing an increase of about 177.5%[62] Assets and Liabilities - Total assets increased by 6.92% to CNY 8,568,625,936.38 compared to the end of the previous year[10] - The company's net assets attributable to shareholders increased by 2.42% to CNY 4,315,009,904.26[10] - Total liabilities increased to CNY 1,881,489,693.84 from CNY 2,262,608,219.34 year-over-year[56] - Total equity attributable to shareholders reached CNY 5,344,052,295.32, up from CNY 5,249,110,187.89 in the previous period[56] - Total liabilities amounted to CNY 3,566,946,324.04, with non-current liabilities totaling CNY 207,086,199.41[108] - The total cash and cash equivalents at the end of the period is ¥390,672,633.35, down from ¥1,182,367,580.62 at the beginning of the period[94] Cash Flow - Cash flow from operating activities for the current period is ¥87,682,903.93, down 50.5% from ¥176,964,472.75 in the previous period[88] - Net cash flow from operating activities decreased to $79,729,328.44 from $105,325,750.14, a decline of about 24.3%[95] - Cash inflow from investment activities surged to $4,739,808,824.90, compared to $2,272,843,656.48 in the previous period, marking an increase of approximately 108.5%[95] - Cash outflow for investment activities also increased significantly to $4,535,566,009.78 from $2,381,578,316.59, representing an increase of about 90.4%[95] - Net cash flow from financing activities was negative at -$335,903,895.79, worsening from -$187,274,849.08 in the previous period[98] Expenses - Total operating costs amounted to approximately $722.8 million, compared to $668.8 million in the prior period, reflecting an increase of about 8.1%[59] - Research and development expenses rose significantly to approximately $45.3 million, up from $24.0 million, indicating an increase of about 88.8%[59] - The company experienced a decrease in sales expenses to approximately $21.7 million from $25.4 million, a reduction of about 14.5%[59] - The company reported a decrease in financial expenses, with interest expenses at ¥22,791,482.16, down from ¥73,843,985.41 in the previous period[82] Shareholder Information - The total number of shareholders at the end of the reporting period was 50,130, with the largest shareholder holding 15.56%[15] - Basic earnings per share remained at CNY 0.01, unchanged from the previous period[10] - The basic earnings per share for the current period remained at $0.01, consistent with the previous period[65] Government Support - The company received government subsidies amounting to CNY 21,382,626.44 during the reporting period[10] Inventory and Receivables - Inventory increased to CNY 1,849,719,028.11, up from CNY 1,458,526,228.11 at the end of the previous year, reflecting a significant increase in stock levels[41] - Accounts receivable increased to CNY 2,773,678,062.55 from CNY 2,632,087,195.35[51]