SGSG(300561)2020-10-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 50,052,424.59, an increase of 28.89% year-on-year[8] - Net profit attributable to shareholders was CNY 7,020,852.60, a significant increase of 429.60% compared to the same period last year[8] - Basic earnings per share for the reporting period were CNY 0.0278, reflecting a growth of 424.53% year-on-year[8] - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of CNY 2,352,931.88, an increase of 618.75% year-on-year[8] - The company reported a significant increase in accounts receivable, which rose to CNY 117,405,211.35 from CNY 102,675,994.89 year-over-year[41] - The net profit for the current period was ¥7,033,194.17, compared to ¥1,336,148.38 in the same period last year, representing a significant increase[50] - The total comprehensive income for the current period was ¥7,008,995.03, compared to ¥1,315,636.21 in the previous period[50] Cash Flow - The net cash flow from operating activities was CNY 7,201,729.82, a decrease of 63.92% compared to the previous year[8] - Net cash flow from operating activities decreased by 592.14% compared to the same period last year, mainly due to early payments for materials in a tight supply market[20] - The net cash flow from operating activities was -28,320,430.54 CNY, compared to 5,624,991.32 CNY in the previous period, indicating a significant decline in operational cash generation[64] - The company received cash inflows from operating activities totaling ¥142,450,858.24, a decrease of 7.6% from ¥154,194,117.96 in the previous year[62] Assets and Liabilities - Total assets at the end of the reporting period were CNY 724,798,628.60, a decrease of 7.49% compared to the previous year[8] - Current assets decreased to CNY 427,748,812.45 from CNY 520,704,292.60, reflecting a reduction of about 17.8%[36] - Total liabilities decreased to CNY 60,873,266.76 from CNY 115,422,405.77, a reduction of about 47.3%[38] - The company's equity decreased from CNY 668,069,471.68 to CNY 663,925,361.84, a slight decline of approximately 0.3%[38] - The total assets as of September 30, 2020, were CNY 724,831,572.88, down from CNY 782,520,320.61 at the end of 2019[42] - The company's total liabilities decreased to CNY 57,300,503.35 from CNY 111,071,827.33 in the previous year[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,058[12] - The largest shareholder, Chen Zhe, holds 38.19% of the shares, amounting to 96,417,558 shares[12] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 5,541,089.91 during the reporting period[9] - Other income increased by 68.04% compared to the same period last year, primarily due to an increase in government subsidies received[20] Financial Management - The company's financial expenses increased by 40.93% compared to the same period last year, mainly due to reduced interest income from idle funds[20] - The company reported a total cash inflow from investment activities of 634,606,804.01 CNY, down from 798,092,926.84 CNY in the previous period[64] Research and Development - Research and development expenses for Q3 2020 were CNY 6,171,384.79, compared to CNY 6,294,512.43 in Q3 2019[45] - Research and development expenses amounted to ¥17,996,262.99, down 20.5% from ¥22,652,471.88 in the previous year[57] Asset Restructuring - The company planned a major asset restructuring to acquire 100% of Zhuowo Network Technology (Shanghai) Co., Ltd. through a combination of shares, convertible bonds, and cash[21] - The company terminated the major asset restructuring plan on August 27, 2020, after the board's approval[24]