CORUN(SH:600478)2020-10-28 16:00Financial Performance - Operating revenue for the period from January to September was CNY 1,782,991,120.48, representing a year-on-year increase of 29.58%[11] - Net profit attributable to shareholders of the listed company was CNY -67,851,943.46, an improvement from CNY -196,580,144.75 in the same period last year[11] - The net cash flow from operating activities for the period was CNY 185,427,252.94, a significant recovery from a negative cash flow of CNY -24,108,792.23 in the previous year[11] - Basic earnings per share for the period were CNY -0.041, an improvement from CNY -0.119 in the same period last year[11] - The net profit for Q3 2020 was ¥24,741,794.96, compared to a net loss of ¥66,340,714.82 in Q3 2019[52] - The total comprehensive income attributable to the parent company was 24,196,906.99 CNY in Q3 2020, compared to a loss of -58,527,655.11 CNY in the same period last year[59] - The net profit for Q3 2020 was 23,208,161.41 CNY, a significant improvement compared to the net loss of -68,574,049.89 CNY in Q3 2019[54] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,197,187,645.58, a decrease of 3.34% compared to the end of the previous year[11] - The company's total liabilities increased by 5.48% to ¥898,276,269.51 due to an increase in bank loans[24] - The company's total equity attributable to shareholders was CNY 2,440,371,962.34, down from CNY 2,509,682,455.71, indicating a decrease of about 2.75%[40] - The company's long-term equity investments rose by 51.15% to ¥638,858,895.77, primarily due to increased capital contributions to affiliated companies[23] - The total assets as of the reporting date were ¥4,517,039,288.67, down from ¥4,697,496,225.38 in the previous period[45] - The total liabilities decreased to ¥1,735,415,161.11 from ¥1,905,934,938.41, reflecting a reduction of 8.9%[45] - The company's current assets totaled CNY 1,517,960,526.48, down from CNY 1,909,414,288.45, indicating a decrease of about 20.51% year-over-year[34] Shareholder Information - The company had a total of 57,459 shareholders at the end of the reporting period[16] - The top shareholder, Hunan Keli Yuan High-tech Group Co., Ltd., held 220,819,600 shares, accounting for 13.36% of the total shares[16] Cash Flow - Operating cash inflow for the first three quarters of 2020 was CNY 1,989,471,835.32, an increase of 22% compared to CNY 1,631,321,139.06 in the same period of 2019[69] - Cash inflow from financing activities was CNY 1,241,274,774.92, a decrease of 24% compared to CNY 1,631,453,489.51 in 2019[71] - The ending balance of cash and cash equivalents was CNY 492,703,798.81, down from CNY 619,873,224.93 at the end of the same period last year[71] - The net cash flow from financing activities was negative CNY 29,036,899.82, contrasting with a positive CNY 116,849,316.76 in the previous year[71] Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to CNY 30,713,620.67, contributing to the financial performance[14] - The company's other income increased by 120.47% to ¥52,018,652.77, mainly due to increased government subsidies[27] Research and Development - The company's research and development expenses decreased by 62.39% to ¥36,758,317.53, attributed to changes in reporting scope[27] - Research and development expenses decreased to ¥7,318,224.44 in Q3 2020 from ¥32,287,247.44 in Q3 2019, a reduction of 77.3%[49] Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[49] - The company is focused on enhancing its market position through strategic investments and potential acquisitions[93]