SPM(SH:600459)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 83.11% to CNY 289,834,400.52 year-to-date[17] - Operating revenue for the first nine months reached CNY 19,001,450,659.58, a 13.66% increase year-on-year[17] - Basic earnings per share increased by 69.23% to CNY 0.66[17] - The company reported a significant increase in total operating revenue of ¥19,001,450,659.58 for the first three quarters of 2020, a 13.7% increase from ¥16,717,601,851.53 in the same period of 2019[54] - Net profit for Q3 2020 was ¥85,757,404.75, representing a 54.1% increase compared to ¥55,625,969.18 in Q3 2019[57] - The total profit for Q3 2020 was ¥95,052,401.76, up from ¥67,523,932.45 in Q3 2019, marking an increase of 40.8%[57] - The company’s net profit margin improved, with undistributed profits rising to CNY 854,612,084.16 from CNY 682,958,846.61, an increase of approximately 25.1%[49] Assets and Liabilities - Total assets increased by 30.91% to CNY 9,865,203,779.67 compared to the end of the previous year[17] - The company reported a total of 54,181 shareholders as of the end of the reporting period[22] - Total liabilities reached CNY 6,255,371,792.11, up from CNY 4,115,654,178.16, indicating a rise of around 51.9%[49] - The total current liabilities rose to ¥4,470,041,918.81 from ¥2,663,783,074.60, representing an increase of approximately 68%[43] - The company’s total liabilities to equity ratio indicates a leverage ratio that may impact future financing strategies[113] Cash Flow - Cash flow from operating activities showed a net inflow of CNY 133,025,151.11, a significant recovery from a net outflow of CNY -552,975,574.01 in the same period last year[17] - Operating cash flow net amount increased by 686 million RMB compared to the same period last year, mainly due to an increase in advance payments received[31] - The cash flow from operating activities for the first three quarters of 2020 was approximately ¥20.69 billion, compared to ¥17.53 billion in the same period of 2019, reflecting a growth of 12.3%[65] - The company reported a net cash flow from operating activities of ¥133.03 million in Q3 2020, a significant recovery from a net outflow of ¥552.98 million in Q3 2019[69] - Net cash flow from investing activities was CNY 255,796,247.39, a recovery from a negative cash flow of CNY -151,342,685.30 in the previous year[74] Investments and Expenses - Research and development expenses grew by 45.22% year-on-year, reflecting the company's increased investment in R&D[30] - Research and development expenses in Q3 2020 amounted to ¥61,526,088.45, a significant increase of 132.4% from ¥26,501,644.15 in Q3 2019[54] - Financial expenses rose by 34.20% year-on-year, primarily due to increased interest expenses from bank loans[30] - The company incurred financial expenses of approximately ¥10.29 million in Q3 2020, up from ¥4.05 million in Q3 2019, indicating increased borrowing costs[62] Shareholder Information - The largest shareholder, Yunnan Precious Metals New Materials Holding Group Co., Ltd., holds 39.64% of the shares[22] - Shareholders' equity increased to CNY 3,609,831,987.56 from CNY 3,420,027,401.80, showing a growth of about 5.5%[49] Inventory and Receivables - Accounts receivable rose by 83.98% compared to the end of the previous year, attributed to an increase in accepted but not yet due bills[27] - Inventory levels rose to ¥4,016,671,646.23, compared to ¥3,272,143,075.61 in the previous year, marking an increase of around 23%[39] - The company reported a significant increase in accounts receivable, which reached CNY 563,360,327.12, up from CNY 340,878,252.57, a growth of approximately 65.1%[49] Future Outlook - The company plans to continue focusing on expanding its market presence and enhancing product offerings in the upcoming quarters[73]