GRIAM(SH:600206)2020-10-19 16:00Financial Performance - Operating revenue for the first nine months was ¥8,729,715,493.62, representing a year-on-year growth of 20.98%[18] - Net profit attributable to shareholders for the first nine months was ¥149,444,252.05, a significant increase of 98.88% compared to the same period last year[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥107,114,347.66, up 150.73% year-on-year[18] - Basic earnings per share for the reporting period was ¥0.177, an increase of 98.88% compared to the same period last year[21] - Total comprehensive income increased by 92.76% from CNY 79,697,603.53 to CNY 153,628,832.86, driven by higher net profit[32] - Basic and diluted earnings per share both rose by 98.88% from CNY 0.089 to CNY 0.177, reflecting the increase in net profit[32] - Total revenue for Q3 2020 reached ¥3,640,025,522.46, an increase of 8.4% compared to ¥3,357,858,249.45 in Q3 2019[49] - Operating profit for Q3 2020 was ¥99,188,018.90, up 151.5% from ¥39,385,560.21 in Q3 2019[56] - Net profit for Q3 2020 was ¥85,303,151.08, representing a 129.0% increase from ¥37,164,446.20 in Q3 2019[58] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,492,812,053.53, an increase of 18.07% compared to the end of the previous year[18] - The company's current assets totaled CNY 3,154,587,834.48, up from CNY 2,551,501,976.49, indicating a year-over-year increase of about 23.6%[39] - The company's total liabilities reached CNY 1,018,473,607.99, compared to CNY 539,337,509.11 in the previous year, which is an increase of approximately 88.9%[42] - Cash and cash equivalents decreased by 60.56% from CNY 504,359,951.11 to CNY 198,927,180.89 due to the purchase of raw materials[27] - Total liabilities decreased significantly from ¥563,850,671.07 to ¥290,898,183.03, a reduction of approximately 48.7%[49] - Current liabilities totaled ¥399.55 million, while total liabilities reached ¥539.34 million[84] Cash Flow - The net cash flow from operating activities for the first nine months was -¥730,666,480.75, compared to -¥433,804,862.13 in the same period last year[18] - Cash inflow from operating activities for the first nine months of 2020 was CNY 9,622,237,177.19, up from CNY 7,800,382,227.59 in the same period of 2019, reflecting an increase of approximately 23.3%[71] - Cash inflow from investment activities totaled 11,883,820,143.37 RMB, significantly higher than 8,684,090,522.28 RMB from the previous period, reflecting increased investment recovery[72] - The net cash flow from financing activities was 327,696,330.25 RMB, a significant rise from 3,100,868.53 RMB, reflecting enhanced capital raising activities[72] Shareholder Information - The total number of shareholders at the end of the reporting period was 97,455[24] - The largest shareholder, Youyan Technology Group Co., Ltd., held 33.2% of the shares[24] - The equity attributable to shareholders of the parent company was CNY 3,219,610,309.39, up from CNY 3,062,124,571.53, representing an increase of about 5.1%[43] Investment and Expenses - Research and development expenses for Q3 2020 were ¥33,805,918.41, up 30.7% from ¥25,844,962.61 in Q3 2019[53] - The company reported investment income of CNY 18,315,897.76 for Q3 2020, compared to CNY 3,057,251.59 in Q3 2019, reflecting an increase of approximately 498.5%[65] - The company paid 180,663,108.72 RMB in employee compensation, an increase from 155,752,314.32 RMB, reflecting higher labor costs[72] Financial Ratios - The weighted average return on net assets increased to 4.76%, up 2.24 percentage points from the previous year[21] - The company achieved a net profit margin of approximately 2.34% in Q3 2020, compared to 1.10% in Q3 2019[58] Other Financial Information - Government subsidies recognized in the current period amounted to ¥4,059,018.36, with a total of ¥13,694,465.88 for the year-to-date[22] - Financial expenses surged by 1,985.47% from CNY 465,023.82 to CNY 9,697,935.14, primarily due to interest from newly acquired subsidiaries and increased borrowings[30] - The company executed the new revenue recognition standards starting January 1, 2020, impacting financial reporting[86] - The company has complied with the new accounting standards as mandated by the Ministry of Finance[94]