CCTC(SZ:300408)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 124.64% to CNY 445,960,376.12 for the reporting period[5] - Operating revenue for the period reached CNY 1,098,287,799.90, representing a 73.06% increase year-on-year[5] - Basic earnings per share rose by 136.36% to CNY 0.26[5] - Operating profit for the period was CNY 527,183,886.43, compared to CNY 236,662,268.02 in Q3 2019, indicating an increase of about 123.4%[27] - The total comprehensive income for the period was CNY 430,383,693.30, compared to CNY 207,174,532.71 in Q3 2019, reflecting an increase of about 107.5%[28] - The company reported a net profit of CNY 5,324,170,554.26, compared to CNY 4,669,684,360.72, reflecting an increase of about 14% in retained earnings[22] - The company reported a profit before tax of CNY 318,450,564.03, compared to CNY 218,944,988.48 in the same quarter last year, indicating a growth of approximately 45.5%[32] Assets and Liabilities - Total assets increased by 9.97% to CNY 9,426,123,024.87 compared to the end of the previous year[5] - Total current assets increased to CNY 5,734,676,592.37 as of September 30, 2020, up from CNY 5,298,255,011.02 on December 31, 2019, representing an increase of approximately 8.2%[19] - Total liabilities increased to CNY 1,190,256,744.32 from CNY 1,061,759,570.30, representing an increase of approximately 12.1%[21] - The company's equity attributable to shareholders rose to CNY 8,235,866,280.55, up from CNY 7,509,920,113.02, indicating an increase of about 9.7%[22] - Total non-current assets reached CNY 3,691,446,432.50, up from CNY 3,273,424,672.30, which is an increase of approximately 12.7%[20] - Total current liabilities amounted to CNY 603,357,120.10, with accounts payable at CNY 245,454,223.48[50] Cash Flow - The net cash flow from operating activities decreased by 73.78% to CNY 135,938,217.22[5] - Net cash flow from operating activities decreased by 59.86% year-to-date compared to the same period last year, primarily due to reduced cash received from sales[14] - Cash and cash equivalents increased by 83.95% compared to the beginning of the period, mainly due to the maturity of financial products and the purchase of large deposits[13] - Cash inflow from investment activities totaled ¥713,109,972.10, a turnaround from a cash outflow of ¥493,335,621.17 in the previous period[92] - The net cash flow from financing activities was negative at ¥407,639,008.58, compared to a lesser negative cash flow of ¥326,496,360.99 in the previous period[94] Shareholder Information - The company reported a total of 20,986 common shareholders at the end of the reporting period[7] - The largest shareholder, Chaozhou Sanjiang Investment Co., Ltd., holds 37.13% of the shares[7] Research and Development - Research and development expenses for the quarter were CNY 53,779,821.21, up from CNY 43,666,798.74, indicating a growth of about 23.3%[26] - Research and development expenses for the third quarter totaled ¥166,466,004.39, which is a 29% increase from ¥128,968,352.64 in the previous year[85] Future Plans - The company plans to raise up to 2.175 billion yuan through a private placement to fund the expansion of high-quality multilayer ceramic capacitors for 5G communications and the industrialization of ceramic blades for semiconductor packaging[15] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[34] - The company plans to continue investing in new product development and market expansion initiatives to drive future growth[87]