TMT(SH:600458)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was ¥10,016,468,099.38, representing a year-on-year growth of 25.25%[18] - Net profit attributable to shareholders was ¥154,444,136.60, a significant increase of 1,137.60% compared to the same period last year[18] - Basic earnings per share rose to ¥0.19, an increase of 850% compared to the previous year[18] - The company reported a significant improvement in financial performance, indicating a positive outlook for future growth[18] - Total operating revenue for Q3 2020 reached ¥4,155,822,989.24, a 44.6% increase from ¥2,872,502,246.20 in Q3 2019[65] - Net profit for Q3 2020 was ¥152,153,104.61, compared to a net loss of ¥3,306,160.98 in Q3 2019, marking a significant turnaround[69] - The total comprehensive income for Q3 2020 amounted to RMB 115,550,172.73, compared to RMB 72,288,478.00 in the same period last year, reflecting a growth of 60%[79] - The total comprehensive income for the first three quarters of 2020 was RMB 410,072,534.12, compared to RMB 176,591,620.64 in the same period last year, showing strong year-to-date performance[79] Cash Flow - Net cash flow from operating activities for the first nine months was ¥1,376,066,505.61, a recovery from a negative cash flow of ¥43,419,677.71 in the previous year[18] - Operating cash inflow for the first three quarters of 2020 was CNY 10,464,143,576.03, an increase of 10.7% compared to CNY 9,455,091,771.45 in the same period of 2019[81] - Cash received from sales of goods and services reached CNY 10,321,636,828.22, up from CNY 9,339,235,024.80 in the prior year[81] - Total cash outflow from operating activities was CNY 9,088,077,070.42, slightly down from CNY 9,498,511,449.16 in the same period last year[81] - The ending cash and cash equivalents balance was CNY 2,156,881,525.82, compared to CNY 1,385,109,212.88 at the end of the previous year[84] - The net increase in cash and cash equivalents was -198,960,192.34, compared to an increase of 74,145,057.80 in the previous period[91] Assets and Liabilities - Total assets at the end of the reporting period reached ¥17,017,631,277.51, an increase of 13.27% compared to the end of the previous year[18] - Current liabilities rose to CNY 9,910,268,478.10, compared to CNY 7,477,309,253.24, reflecting an increase of about 32.5%[55] - The company's total liabilities reached CNY 12,211,524,905.50, up from CNY 10,479,917,541.85, representing an increase of approximately 16.6%[55] - The total equity attributable to shareholders rose to CNY 4,639,799,635.48 from CNY 4,486,860,497.92, an increase of approximately 3.4%[55] - Accounts receivable rose by 54.17% to ¥2,887,096,892.29, driven by increased sales and outstanding payments[24] - Inventory increased by 65.41% to ¥3,033,782,704.02, indicating preparations for production[24] - Contract liabilities surged by 310.55% to ¥799,520,143.52, reflecting an increase in advance payments received[26] Expenses - Operating costs increased to ¥8,268,558,377.07, reflecting a 24.41% rise from ¥6,645,928,732.20 year-over-year[24] - Financial expenses rose by 14.59% to ¥114,559,530.48, primarily due to foreign exchange losses[29] - The company reported a significant increase in sales expenses, which rose by 16.71% to ¥430,481,997.14, correlating with higher sales revenue[39] - Research and development expenses for Q3 2020 were ¥191,142,912.68, slightly up from ¥176,848,897.65 in Q3 2019[69] Shareholder Information - The total number of shareholders reached 44,634 by the end of the reporting period[21] - The largest shareholder, CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd., holds 36.43% of the shares[21] Future Plans - The company plans to address competition issues with China CRRC by establishing a joint venture with Qingdao Sifang, a subsidiary of CRRC[71] - The company plans to restate prior financial statements due to the consolidation of Borui Technology, which was previously under the control of CRRC[72]