TENGDA CONST.(SH:600512)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 3,429,776,409.50, a 40.14% increase year-on-year[7] - Net profit attributable to shareholders decreased by 8.15% to CNY 483,860,452.63 compared to the same period last year[7] - Basic earnings per share decreased by 9.09% to CNY 0.30[8] - The weighted average return on equity decreased by 1.77 percentage points to 9.83%[8] - The company's operating revenue for Q3 2020 was RMB 3,429,776,409.50, representing a 40.14% increase compared to RMB 2,447,350,482.34 in the same period last year[14] - The net profit for the period increased by 65.42%, reaching RMB 1,102,231,660.77, up from RMB 666,338,293.10 in the previous year[14] - Total operating revenue for Q3 2020 reached ¥1,659,345,260.02, a significant increase of 69.8% compared to ¥977,875,610.61 in Q3 2019[27] - Net profit for Q3 2020 was ¥246,940,914.35, compared to ¥80,249,080.26 in Q3 2019, representing a growth of 208.5%[28] - Total profit for the first three quarters of 2020 was ¥130,497,471.09, up from ¥52,325,657.42 in the same period of 2019, reflecting a 149.0% increase[32] Cash Flow - Cash flow from operating activities decreased by 35.46% to CNY 459,431,021.41 year-to-date[7] - The company's cash flow from operating activities decreased by 35.46% to RMB 459,431,021.41, down from RMB 711,813,280.60 in the previous year[15] - Cash flow from operating activities for the first three quarters of 2020 was ¥5,344,411,404.34, an increase from ¥3,951,991,714.14 in the first three quarters of 2019[34] - Total cash inflow from operating activities reached ¥4,472,224,428.37, compared to ¥3,340,298,580.21 in the previous year, indicating a year-over-year increase of about 34%[37] - Cash outflow from operating activities totaled ¥3,778,741,544.62, up from ¥2,664,610,192.28, representing a rise of approximately 42%[37] Assets and Liabilities - Total assets increased by 2.90% to CNY 10,541,469,336.01 compared to the end of the previous year[7] - The total assets as of September 30, 2020, amounted to RMB 7,656,668,169.87, compared to RMB 7,218,736,480.01 at the end of 2019, indicating a growth of 6.06%[18] - Total liabilities decreased to CNY 5,477,814,928.86 from CNY 5,650,089,394.20, a decline of about 3.1%[20] - Current liabilities rose to CNY 4,909,119,625.26 compared to CNY 4,847,623,594.20, reflecting an increase of approximately 1.3%[20] - The company reported a decrease in accounts receivable to CNY 347,926,312.36 from CNY 1,049,342,367.70, a reduction of approximately 66.8%[23] - Total liabilities were ¥5,650,089,394.20, including non-current liabilities of ¥802,465,800.00[41] Shareholder Information - The total number of shareholders reached 87,120 by the end of the reporting period[11] - The largest shareholder, Ye Linfu, holds 132,047,177 shares, accounting for 8.26% of total shares[11] - Total equity attributable to shareholders increased to CNY 5,275,176,177.69 from CNY 5,150,801,135.61, reflecting a growth of about 2.4%[24] Research and Development - The company's research and development expenses increased by 76.09% to RMB 144,891,234.73, compared to RMB 82,282,949.41 in the same period last year[14] - Research and development expenses for Q3 2020 totaled ¥50,101,555.53, slightly down from ¥52,556,686.67 in Q3 2019[27] Investment Income - The company reported a decrease in investment income by 49.73%, with RMB 321,166,971.44 compared to RMB 638,856,828.75 in the previous year[14] - Investment income for Q3 2020 was ¥211,266,274.89, compared to ¥463,356,737.79 in Q3 2019, indicating a decrease of 54.4%[28] Financial Adjustments - The company adjusted its financial statements due to the new revenue recognition standards, impacting accounts receivable and contract liabilities[42] - The company adopted the new revenue recognition standard effective January 1, 2020, impacting the classification of receivables and contract liabilities[46]