SMAC(SH:600073)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders increased by 15.81% to CNY 385,583,861.16 year-on-year[17] - Operating income for the first nine months rose by 1.35% to CNY 17,959,086,920.15 compared to the same period last year[17] - Net cash flow from operating activities surged by 82.88% to CNY 2,239,152,566.24 year-on-year[17] - Total operating revenue for Q3 2020 reached ¥4,992,473,748.22, an increase of 2.9% compared to ¥4,851,013,306.02 in Q3 2019[46] - Net profit for Q3 2020 was ¥77,269,474.68, compared to ¥24,469,407.70 in Q3 2019, representing a significant increase of 215.5%[50] - The total profit for Q3 2020 was ¥94,666,162.71, a rise from ¥31,374,062.79 in Q3 2019, indicating an increase of 201.5%[50] - The company’s total comprehensive income for Q3 2020 was ¥87,466,511.94, compared to ¥40,227,222.58 in Q3 2019, reflecting an increase of 117.5%[52] - The total profit for the first three quarters of 2020 was CNY 383,411,551.48, compared to CNY 224,557,764.26 in the same period of 2019, reflecting a year-on-year increase of 70.7%[56] Assets and Liabilities - Total assets increased by 7.49% to CNY 14,757,408,139.68 compared to the end of the previous year[17] - Total liabilities increased to ¥7,535,873,303.67 from ¥7,204,815,089.84, representing a growth of approximately 4.6% year-over-year[37] - Total equity rose to ¥7,221,534,836.01 compared to ¥6,524,428,869.61, marking an increase of about 10.7% year-over-year[37] - The company's total assets reached RMB 14,757.41 million, compared to RMB 13,729.24 million at the end of 2019, indicating an increase of 7.48%[35] - Total current liabilities amounted to ¥2,441,440,651.41, compared to ¥2,350,557,205.06, an increase of approximately 3.9% year-over-year[42] - Total non-current liabilities decreased slightly to ¥443,000,000.00 from ¥463,000,000.00, a decline of about 4.3% year-over-year[42] Cash Flow - Cash flow from operating activities for the first three quarters of 2020 was CNY 19,732,834,119.38, compared to CNY 18,485,576,943.00 in the same period of 2019, showing a positive trend[60] - The company reported a net cash inflow from operating activities of CNY 2,239,152,566.24 for the first three quarters of 2020, up from CNY 1,224,414,764.14 in the previous year[60] - The cash flow from operating activities showed a positive trend, indicating improved operational efficiency and financial health for the company[63] - Total cash inflow from operating activities was ¥1,561,349,063.66, up from ¥1,386,888,731.15 in the previous year, reflecting a growth of approximately 12.5%[63] Shareholder Information - The number of shareholders reached 66,342 by the end of the reporting period[20] - The largest shareholder, Shanghai Yimin Food Factory (Group) Co., Ltd., holds 31.82% of the shares[20] Research and Development - Research and development expenses increased to ¥7,378,522.33 in Q3 2020, compared to ¥3,945,103.34 in Q3 2019, marking an increase of 87.5%[46] Government Subsidies - The company received government subsidies amounting to CNY 31,025,583.73 during the reporting period[19] - Deferred income increased due to a rise in government subsidies related to assets received during the period[25] Inventory and Accounts - The company reported a significant increase in production biological assets, with a notable rise in the number of breeding pigs and sows compared to the beginning of the year[25] - The company experienced a dramatic increase in accounts payable by 1738.38% to CNY 1,125.09[23] - Accounts receivable decreased to ¥57,598,149.12 from ¥97,065,535.93, a decline of about 40.7% year-over-year[41] - Inventory surged to ¥253,689,755.88 from ¥87,829,248.26, indicating a significant increase of approximately 188.5% year-over-year[41]