ACHT(SH:600207)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,598,378,008.23, an increase of 18.00% year-on-year[6] - Net profit attributable to shareholders increased by 126.96% to CNY 61,396,324.17 compared to the same period last year[6] - Basic earnings per share rose by 127.16% to CNY 0.0711 compared to the same period last year[6] - Total operating revenue for Q3 2020 reached ¥552,842,930.92, an increase from ¥411,295,800.96 in Q3 2019, representing a growth of approximately 34.3%[31] - Net profit for Q3 2020 was ¥28,674,391.05, a significant improvement from a net profit of ¥7,876,686.95 in Q3 2019[32] - The company reported a total comprehensive income of ¥28,674,391.05 for Q3 2020, compared to ¥7,876,686.95 in Q3 2019, marking a year-over-year increase of 264.5%[34] - The company's net profit attributable to shareholders for Q3 2020 was ¥27,734,844.03, compared to ¥6,636,317.24 in Q3 2019, representing a significant increase[34] Assets and Liabilities - Total assets increased by 7.73% to CNY 2,294,864,069.70 compared to the end of the previous year[6] - Total liabilities increased to CNY 609,660,503.35 from CNY 510,123,607.92, indicating a rise of approximately 19.5%[25] - Current assets totaled CNY 907,805,290.25, compared to CNY 888,165,873.11 at the end of 2019, reflecting a growth of about 2.0%[24] - The total assets as of Q3 2020 amounted to ¥2,076,264,181.77, up from ¥1,825,977,401.45 in the same period last year, reflecting a growth of approximately 13.7%[29] - Total liabilities increased to ¥513,420,005.12 in Q3 2020 from ¥289,481,931.64 in Q3 2019, marking an increase of about 77.6%[29] - The total owner's equity rose to CNY 1,685,203,566.35 from CNY 1,620,111,750.30, an increase of approximately 4.0%[25] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 190,665,337.92, down 1,154.11% year-on-year[6] - The net cash flow from operating activities for Q3 2020 was -190,665,337.92 RMB, a significant decline compared to 18,087,784.32 RMB in Q3 2019[41] - Total cash inflow from operating activities was 1,329,122,871.70 RMB, while cash outflow was 1,519,788,209.62 RMB, resulting in a net cash flow deficit[41] - The ending cash and cash equivalents balance decreased to 46,798,104.30 RMB from 85,860,281.81 RMB year-over-year[42] - The company reported a cash balance of 16,959,398.31 RMB at the end of Q3 2020, down from 31,854,998.07 RMB at the end of Q3 2019[44] Shareholder Information - The total number of shareholders reached 36,763 by the end of the reporting period[10] - The largest shareholder, Henan Investment Group, holds 47.26% of the shares, with 85,000,000 shares pledged[10] Research and Development - Research and development expenses surged by 2,561.61% to ¥15,151,041.37 from ¥569,242.47, driven by increased spending on photovoltaic glass R&D projects[14] - Research and development expenses for Q3 2020 were ¥8,452,767.95, significantly higher than ¥197,612.58 in Q3 2019, indicating a focus on innovation[31] Legal and Compensation Matters - The company signed a relocation compensation agreement with the government for a total of ¥754,197,880, which is expected to be received in installments[14] - The company has not yet received the relocation compensation payments as of the reporting date[17] - The company is actively pursuing legal actions to enforce the delivery of precious metals from a processing contract that has not been fulfilled[19] Other Financial Metrics - The weighted average return on equity increased by 2.08 percentage points to 3.78%[6] - The company reported a total of CNY 2,897,445.02 in non-recurring gains and losses for the year-to-date[8] - The company reported a net loss of CNY 2,482,268,039.24, slightly improved from a loss of CNY 2,543,664,363.41 in the previous year[25] - The company has ongoing construction projects valued at ¥557,477,845.19[47]