Silan(SH:600460)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months rose by 33.29% to CNY 2,964,007,483.65 year-on-year[5] - Net profit attributable to shareholders decreased by 12.31% to CNY 44,273,324.48 compared to the same period last year[5] - The company reported a net profit of CNY 4,586,806.99 after deducting non-recurring gains and losses, a significant improvement from a loss of CNY -45,423,935.77 in the same period last year[5] - Total revenue for Q3 2020 reached ¥1,259,082,661.34, a significant increase from ¥783,458,805.88 in Q3 2019, representing a growth of approximately 60.7%[22] - The company's net profit for the first three quarters of 2020 was ¥2,964,007,483.65, compared to ¥2,223,768,361.77 in the same period of 2019, showing a growth of around 33.4%[22] - The net profit for Q3 2020 was ¥28.65 million, compared to ¥47.05 million in Q3 2019, reflecting a decrease of 38.9%[25] - The company's total profit for Q3 2020 was ¥28.24 million, down from ¥43.36 million in Q3 2019, indicating a decline of 34.8%[25] Cash Flow - Net cash flow from operating activities turned negative at CNY -62,826,669.18, a decrease of 226.41% year-on-year[5] - Cash flow from operating activities decreased by 226.41% to -RMB 62,826,669.18, mainly due to increased cash payments to employees[13] - The net cash flow from operating activities for Q3 2020 was -62,826,669.18 RMB, a decrease from 49,700,405.06 RMB in Q3 2019[27] - Total cash inflow from operating activities was 2,256,789,916.55 RMB, down 15.7% from 2,678,747,043.43 RMB in the same period last year[27] - The cash outflow from operating activities totaled 2,319,616,585.73 RMB, a decrease of 11.8% compared to 2,629,046,638.37 RMB in Q3 2019[27] - The net cash flow from investing activities was -511,612,537.45 RMB, an improvement from -719,649,951.80 RMB in Q3 2019[28] - Cash inflow from financing activities was 2,588,197,296.98 RMB, an increase of 37.0% compared to 1,888,435,228.65 RMB in Q3 2019[28] Assets and Liabilities - Total assets increased by 8.13% to CNY 9,638,315,406.95 compared to the end of the previous year[5] - Total liabilities amounted to approximately ¥5.14 billion, up from ¥4.68 billion, marking an increase of about 9.9%[19] - Total assets as of Q3 2020 were ¥6,077,806,320.02, compared to ¥5,403,335,991.09 in Q3 2019, marking an increase of about 12.5%[21] - Current liabilities totaled 3,386,000,509.83 RMB, unchanged from the previous year[31] - Long-term borrowings were recorded at 486,205,267.82 RMB, consistent with prior year figures[31] Shareholder Information - The total number of shareholders reached 133,306 by the end of the reporting period[9] - The largest shareholder, Hangzhou Silan Holdings Co., Ltd., holds 39.14% of the shares, with 140,500,000 shares pledged[8] Research and Development - Research and development expenses increased by 20.14% to RMB 274,727,972.70, reflecting higher investment in R&D[12] - Research and development expenses in Q3 2020 amounted to ¥110,922,221.82, up from ¥83,182,123.78 in Q3 2019, reflecting a growth of approximately 33.5%[22] Government Support - Government subsidies recognized in the current period amounted to CNY 18,101,193.98, contributing to the overall financial performance[6] Inventory and Accounts Receivable - Accounts receivable increased by 38.97% to RMB 1,152,164,019.59, primarily due to increased sales volume[12] - Inventory rose to approximately ¥1.50 billion, an increase from ¥1.42 billion, showing a growth of about 5.5%[17] Future Plans - The company plans to acquire 19.51% of Hangzhou Jihua Investment Co., Ltd. and 20.38% of Hangzhou Silan Microelectronics Co., Ltd. through a share issuance[14] - The company anticipates uncertainties regarding the approval of the proposed asset acquisition and fundraising plan[14] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[22]