SHYNDEC(SH:600420)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders rose by 9.78% to CNY 630.84 million[10] - Operating income for the first nine months increased by 3.76% to CNY 9.36 billion[10] - Basic earnings per share increased by 12.92% to CNY 0.6143[10] - The company reported a 72.41% increase in other income to CNY 68,605,918.81 from CNY 39,793,056.58, driven by higher government subsidies related to daily operations[21] - Net profit for the first three quarters of 2020 was ¥924,305,832.86, compared to ¥839,659,963.04 in the same period of 2019, indicating a growth of approximately 10.1%[45] - The company's total profit for the first three quarters of 2020 was approximately ¥556.62 million, compared to ¥428.97 million in the same period of 2019, reflecting a growth of 29.8%[54] - Net profit for Q3 2020 reached ¥364.14 million, compared to ¥261.72 million in Q3 2019, reflecting a growth of 39.1%[50] Assets and Liabilities - Total assets increased by 5.28% year-on-year to CNY 18.57 billion[10] - The total current assets reached ¥10,470,249,595.72, up from ¥9,676,372,530.32, indicating an increase of about 8.19% year-over-year[28] - Total liabilities as of September 30, 2020, were ¥8,808,360,731.65, compared to ¥8,435,269,701.51, marking an increase of approximately 4.42%[31] - The company's equity attributable to shareholders rose to ¥8,116,659,883.27 from ¥7,587,469,894.26, an increase of about 6.97%[33] - Total liabilities increased to ¥4,034,995,578.34 as of September 30, 2020, compared to ¥3,394,238,156.50 at the end of 2019, marking an increase of approximately 18.8%[41] Cash Flow - Net cash flow from operating activities decreased by 38.81% to CNY 1.22 billion[10] - The cash flow from operating activities for the first three quarters of 2020 was approximately ¥1.22 billion, down 38.8% from ¥1.99 billion in the same period of 2019[58] - The company reported a net cash outflow from investing activities of approximately ¥409.78 million for the first three quarters of 2020, compared to a net outflow of ¥269.47 million in 2019[60] - The cash inflow from financing activities in the first three quarters of 2020 was approximately ¥3.15 billion, down from ¥3.57 billion in the same period of 2019, a decrease of 11.7%[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 37,912[14] - The top three shareholders held a combined 56.54% of the shares[14] Inventory and Receivables - Accounts receivable increased by 114.85% to CNY 2,311,015,383.79 compared to CNY 1,075,633,849.28 last year, primarily due to longer collection cycles in the raw material segment[17] - Inventory rose by 36.82% to CNY 3,172,007,367.70 from CNY 2,318,380,051.31, as the company increased material and product reserves to meet market demand and address potential impacts from the autumn and winter pandemic[17] Borrowings and Financing - Short-term borrowings decreased by 34.89% to CNY 1,188,976,083.28 from CNY 1,826,019,746.09, reflecting a reduction in net short-term financing[21] - Long-term borrowings increased by 161.59% to CNY 668,083,703.14 from CNY 255,388,609.38, indicating a strategic shift towards long-term financing[21] - The company received approximately ¥2.91 billion in borrowings during the first three quarters of 2020, an increase from ¥1.67 billion in the same period of 2019, representing a growth of 74.0%[60]