SANY(SH:600031)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 34.69% to RMB 12,450,341,000 for the first nine months[6] - Operating revenue for the first nine months reached RMB 72,892,048,000, reflecting a 24.20% increase compared to the previous year[6] - Basic earnings per share increased by 30.53% to RMB 1.4743[7] - The company reported a significant increase in development expenditures to CNY 96,121, up from CNY 53,525, reflecting an increase of 79.5%[19] - Total operating revenue for Q3 2020 reached RMB 23,883,112 thousand, a 54.8% increase from RMB 15,460,635 thousand in Q3 2019[24] - Net profit for Q3 2020 was RMB 3,958,984 thousand, up 57.3% from RMB 2,518,435 thousand in Q3 2019[25] - The company reported a total profit of RMB 4,614,006 thousand for Q3 2020, a 55.9% increase from RMB 2,957,421 thousand in Q3 2019[25] Assets and Liabilities - Total assets increased by 20.85% year-on-year to RMB 119,930,784,000[6] - Total liabilities rose to CNY 65,029,345, up from CNY 50,818,520, indicating a growth of 28.0%[19] - The company’s long-term borrowings increased by 154.51% to RMB 3,315,787 thousand, aimed at optimizing the debt structure[13] - Total current liabilities increased to CNY 60,215,895 from CNY 47,952,561, a rise of 25.6%[19] - Cash and cash equivalents rose to CNY 9,361,442, compared to CNY 6,739,543, marking an increase of 39.1%[20] Cash Flow - Net cash flow from operating activities increased by 33.16% to RMB 11,024,263,000 for the first nine months[6] - Operating cash flow for the first three quarters of 2020 was 73,303,897 thousand RMB, an increase from 62,776,367 thousand RMB in the same period of 2019, reflecting a growth of 16.2%[32] - The net cash flow from operating activities for the first three quarters of 2020 was RMB 11,827,714 thousand, a significant increase from RMB 424,388 thousand in the same period of 2019, representing a growth of approximately 2,785%[34] - Cash flow from financing activities for Q3 2020 resulted in a net outflow of -1,106,617 thousand RMB, compared to a net inflow of 1,208,611 thousand RMB in Q3 2019[33] Shareholder Information - The company reported a total of 261,727 shareholders at the end of the reporting period[10] - The largest shareholder, SANY Group Co., Ltd., holds 30.17% of the shares and has pledged 500,000,000 shares[10] Research and Development - Research and development expenses rose by 45.89% to RMB 2,968,648 thousand, reflecting the company's increased investment in engineering machinery and key components[12] - Research and development expenses in Q3 2020 amounted to RMB 1,277,433 thousand, a significant increase of 51.3% compared to RMB 844,374 thousand in Q3 2019[24] Government Support and Non-Operating Income - Government subsidies recognized in the first nine months amounted to RMB 373,912,000[8] - The company recorded a total of RMB 1,145,347,000 in non-operating income for the first nine months[8] Investment and Growth Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27] - The company has increased its investment in digital transformation and infrastructure, as evidenced by a 128.10% rise in construction in progress to RMB 2,933,128 thousand[13]