HISUN(SH:600267)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company for the reporting period was ¥342,504,813.74, a decrease of 72.71% year-on-year[18]. - Operating income for the first nine months was ¥8,153,921,841.13, reflecting a decline of 1.90% compared to the same period last year[18]. - Basic and diluted earnings per share were both ¥0.355, down 72.69% from ¥1.300 in the same period last year[21]. - The net profit after deducting non-recurring gains and losses was ¥73,427,239.51, compared to a loss of ¥403,949,319.90 in the previous year[18]. - The weighted average return on net assets decreased by 10.343 percentage points to 5.332%[21]. - Net profit for the first three quarters of 2020 was CNY 1,563,351,891.63, compared to CNY 1,280,160,166.15 in the same period of 2019, reflecting a growth of approximately 22.1%[57]. - Net profit attributable to shareholders for Q3 2020 was approximately 101.84 million, down from 342.50 million in Q3 2019, reflecting a decrease of about 70.3%[64]. - Total comprehensive income for Q3 2020 was approximately 115.44 million, compared to 678.16 million in Q3 2019, showing a decline of about 83.0%[72]. Cash Flow - The net cash flow from operating activities increased significantly by 108.12%, reaching ¥1,277,116,822.14 for the first nine months[18]. - The company's net cash flow from operating activities increased by 108.12% to ¥1,277,116,822.14 compared to the same period last year, primarily due to a significant reduction in tax payments and increased cash receipts from sales[30]. - Cash flow from operating activities for the first three quarters of 2020 was approximately ¥8.32 billion, an increase from ¥7.95 billion in the same period of 2019[84]. - Cash inflows from investment activities amounted to CNY 3,306,828,074.60, up from CNY 1,622,696,377.69, representing a growth of approximately 103%[86]. - The net cash flow from investment activities was CNY 690,257,668.18, a turnaround from a negative cash flow of CNY -583,718,141.28 in the previous year[86]. - The ending balance of cash and cash equivalents increased to CNY 2,057,211,429.23 from CNY 1,850,651,619.34, marking a rise of approximately 11%[88]. Assets and Liabilities - Total assets at the end of the reporting period decreased by 0.86% compared to the end of the previous year, amounting to ¥21,281,423,086.42[18]. - The company’s total liabilities decreased by 35.02% to ¥523,525,711.52, primarily due to the repayment of short-term financing[28]. - Total assets as of September 30, 2020, amounted to CNY 12,920,172,287.65, an increase from CNY 12,681,817,344.77 at the end of 2019[55]. - Total liabilities as of September 30, 2020, were CNY 6,219,518,672.42, a slight decrease from CNY 6,342,811,260.20 at the end of 2019[55]. - The company reported short-term borrowings of approximately ¥4.46 billion, indicating reliance on external financing[97]. - The company has a contract liability of approximately ¥277 million, reflecting deferred revenue from customer contracts[97]. Shareholder Information - The total number of shareholders at the end of the reporting period was 62,669, with the largest shareholder holding 33.22% of the shares[24]. - Shareholders' equity totaled approximately ¥7.68 billion, with retained earnings of ¥1.30 billion and capital reserves of ¥3.65 billion[99]. Research and Development - Research and development expenses decreased by 40.30% to ¥262,823,092.66, mainly due to the one-time recognition of capitalized development costs from terminated projects in the previous year[30]. - Research and development expenses for Q3 2020 were approximately 80.95 million, a decrease from 246.77 million in Q3 2019, indicating a reduction of about 67.2%[60]. Other Income and Expenses - The company reported a 2362.55% increase in other income to ¥138,166,639.65, attributed to investment gains from a former director's misconduct[30]. - Other income for Q3 2020 was approximately 137.82 million, compared to 1.28 million in Q3 2019, showing a significant increase[65]. - Financial expenses for Q3 2020 were approximately 97.07 million, down from 143.13 million in the same quarter last year, representing a decrease of about 32.2%[60]. Strategic Initiatives - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[70]. - The company is undergoing a restructuring plan involving the issuance of shares and convertible bonds to acquire assets, which is currently pending approval from the China Securities Regulatory Commission[38].