JCET(SH:600584)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 18.76 billion, representing a year-on-year increase of 15.85%[4] - Net profit attributable to shareholders of the listed company was CNY 764.19 million, a significant recovery from a loss of CNY 181.88 million in the previous year[4] - Basic earnings per share for the reporting period were CNY 0.48, compared to a loss of CNY 0.11 per share in the previous year[6] - The company reported a net profit attributable to shareholders of RMB 1.60 billion, maintaining the same level as the previous year[19] - The company reported a net loss of ¥1,379,404,477.00 for the period, compared to a net loss of ¥1,723,950,038.43 in the same period last year[21] - The net profit for Q3 2020 reached ¥398,228,220.29, compared to ¥77,342,217.21 in Q3 2019, indicating a significant increase[24] - The total profit for Q3 2020 was ¥452,612,223.95, up from ¥87,336,122.29 in the same period last year[24] - The company reported a significant increase in employee compensation liabilities, rising to ¥777.38 million from ¥586.44 million, an increase of 32%[57] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 3.63 billion, an increase of 166.59% year-on-year[4] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 20,655,011,351.27, an increase of 19.5% compared to CNY 17,224,635,672.54 in the same period of 2019[30] - Net cash flow from operating activities reached CNY 3,632,082,793.61, significantly up from CNY 1,362,437,514.36 in the previous year, marking a growth of 167.5%[30] - Cash inflow from operating activities totaled ¥6,579,885,336.81, an increase of 4.63% compared to ¥6,287,143,599.83 in the previous year[32] - Net cash flow from operating activities reached ¥973,229,397.15, up 65.20% from ¥588,771,443.45 year-over-year[32] - The company reported a total cash outflow from operating activities of CNY 17,022,928,557.66, compared to CNY 15,862,198,158.18 in the previous year, reflecting an increase of 7.3%[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 33.33 billion, a decrease of 0.74% compared to the end of the previous year[4] - Total liabilities were RMB 18.39 billion, a decrease of 8.73% from RMB 20.14 billion at the end of 2019[19] - Current assets totaled approximately ¥9.79 billion, an increase of 2.4% from ¥9.56 billion in the previous year[56] - Total liabilities decreased to approximately ¥15.19 billion, down from ¥17.65 billion in the previous year[58] - Total assets amounted to approximately ¥33.33 billion, a slight decrease from ¥33.58 billion year-over-year[58] - Total liabilities amounted to CNY 20,943,538,171.65, with non-current liabilities totaling CNY 3,294,177,442.18[36] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 4.48% to CNY 13.19 billion[4] - The top ten shareholders held a total of 1.57 billion shares, with the largest shareholder owning 19% of the total shares[8] - The total number of shareholders at the end of the reporting period was 310,930, with the top ten shareholders holding a combined 61.73% of the shares[47] - The company's equity attributable to shareholders was CNY 12,627,430,980.43, while total equity stood at CNY 12,638,355,396.36[36] Research and Development - Research and development expenses increased by 33.33% from 575,758,377.86 to 767,680,984.50 due to higher R&D investments[12] - Research and development expenses increased to ¥276,535,381.66 in Q3 2020, up 21.8% from ¥227,124,893.70 in Q3 2019[62] Tax and Subsidies - The company received government subsidies amounting to CNY 16.64 million during the reporting period[7] - The company received tax refunds amounting to CNY 528,403,390.58, an increase of 77.8% from CNY 297,182,122.61 in the previous year[30] - The company reported a 117.61% increase in taxes payable from 53,226,873.84 to 115,825,943.45 due to increased income tax liabilities[11] Financial Adjustments - The company optimized its product sales model, resulting in a reported revenue decrease of CNY 2.78 billion, but a total revenue increase of 33.02% when adjusted[6] - The company implemented new revenue and leasing standards starting in 2020, affecting the financial statements[33]