ANGEL YEAST(SH:600298)2020-10-22 16:00Financial Performance - Net profit attributable to shareholders was RMB 1,012,489,565.62, representing a 52.12% increase year-on-year[5]. - Operating revenue for the first nine months was RMB 6,426,228,604.44, up 15.58% from the same period last year[5]. - Net profit for the first three quarters of 2020 increased by 53.07% year-on-year, driven by higher revenue growth outpacing cost increases[16]. - Total operating revenue for Q3 2020 reached ¥2,084,595,911.91, an increase of 12.9% compared to ¥1,846,213,704.12 in Q3 2019[28]. - Net profit for Q3 2020 was ¥306,417,085.62, up from ¥208,679,420.44 in Q3 2019, representing a growth of 46.9%[29]. - The company's total comprehensive income for Q3 2020 reached CNY 225.87 million, compared to CNY 240.72 million in the previous quarter[32]. - The company reported a total profit of CNY 247.24 million for Q3 2020, an increase of 86.9% from CNY 132.21 million in Q3 2019[31]. Cash Flow - Net cash flow from operating activities for the first nine months was RMB 1,525,180,817.79, a significant increase of 104.20% year-on-year[5]. - Cash inflow from operating activities for the first three quarters of 2020 was CNY 7,260,252,637.79, an increase of 18.8% compared to CNY 6,109,326,569.62 in the same period of 2019[33]. - Cash inflow from financing activities was CNY 2,730,000,000.00, down from CNY 3,159,556,384.69 in the same period last year[34]. - The ending balance of cash and cash equivalents was CNY 625,369,104.52, an increase from CNY 552,281,675.13 at the end of the previous year[34]. - The net cash flow from operating activities was CNY 925,988,423.02, significantly up from CNY 369,226,856.91 in the same period last year[37]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 10,096,092,726.50, an increase of 1.91% compared to the end of the previous year[5]. - Total current assets amounted to RMB 3,979,928,014.67, up from RMB 3,865,938,082.59, indicating an increase of about 2.9%[22]. - Total liabilities decreased to RMB 4,277,022,196.61 from RMB 4,609,253,039.24, a reduction of about 7.2%[23]. - The company's equity attributable to shareholders increased to RMB 5,528,970,140.97 from RMB 5,029,839,822.37, representing a growth of approximately 9.9%[23]. - Total liabilities reached approximately $3.89 billion, with current liabilities at $2.72 billion and non-current liabilities at $1.18 billion[44]. Shareholder Information - The total number of shareholders at the end of the reporting period was 49,138[8]. - The largest shareholder, Hubei Angel Yeast Group Co., Ltd., held 39.98% of the shares[10]. Research and Development - Research and development expenses for Q3 2020 amounted to ¥108,430,705.80, a 23.4% increase from ¥87,806,402.98 in Q3 2019[28]. - The company has not disclosed any new product or technology developments in this report[4]. Financial Ratios and Metrics - Basic earnings per share increased to RMB 1.229, reflecting a growth of 52.10% compared to the previous year[5]. - The weighted average return on equity decreased by 1.07 percentage points to 13.42%[5]. - Financial expenses rose by 76.83% year-on-year, primarily due to increased exchange losses[15]. - The company's tax expenses for Q3 2020 were CNY 37.56 million, up from CNY 18.55 million in Q3 2019, reflecting an increase of 102.0%[31]. Other Comprehensive Income - Other comprehensive income after tax decreased by 241.24% year-on-year, primarily due to increased foreign currency translation losses[17]. - The company reported a decrease in other comprehensive income, amounting to approximately -¥286.62 million[41].