HACL(SH:600598)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 6.70% to CNY 1,037,940,907.77 for the year-to-date period[6] - Operating revenue for the year-to-date period rose by 3.75% to CNY 2,521,355,829.56[6] - Basic earnings per share increased by 6.76% to CNY 0.584[6] - The weighted average return on equity increased by 0.56 percentage points to 15.12%[6] - Total operating revenue for Q3 2020 was approximately ¥768.60 million, an increase of 3.9% compared to ¥740.38 million in Q3 2019[25] - Total profit for the first three quarters of 2020 was approximately ¥1,038.57 million, an increase of 8.4% from ¥958.36 million in the same period of 2019[26] - The net profit for Q3 2020 was approximately ¥251.42 million, a decrease of 8.2% compared to ¥273.95 million in Q3 2019[29] - The total comprehensive income for the first three quarters of 2020 reached approximately ¥1.04 billion, up from ¥987.65 million in the same period of 2019[29] Assets and Liabilities - Total assets increased by 11.72% to CNY 8,764,757,363.62 compared to the end of the previous year[6] - Total liabilities reached CNY 198,184.78 million, marking a 40.01% increase from CNY 141,551.07 million year-over-year[12] - Current liabilities rose to ¥1,874,802,513.76 in Q3 2020, compared to ¥1,296,890,722.17 in Q4 2019, marking an increase of about 44.5%[20] - Total liabilities reached ¥1,981,847,799.05 in Q3 2020, up from ¥1,415,510,657.15 in Q4 2019, reflecting a growth of approximately 40%[20] - The company's total assets impairment loss for Q3 2020 was reported at ¥191.53, indicating ongoing challenges in asset management[26] Cash Flow - Net cash flow from operating activities increased by 27.30% to CNY 1,714,532,397.77 compared to the same period last year[6] - Cash flow from operating activities netted CNY 171,453.24 million, a 27.30% increase compared to CNY 134,686.67 million in the previous period[15] - The cash flow from operating activities for the first three quarters of 2020 was approximately ¥3.23 billion, an increase from ¥2.82 billion in the same period of 2019[30] - The net cash flow from investing activities improved to RMB 316,202,010.41 in Q3 2020, compared to a negative cash flow of RMB 694,210,273.05 in Q3 2019[34] Shareholder Information - The total number of shareholders reached 125,776 at the end of the reporting period[8] - The largest shareholder, Beidahuang Agricultural Group Co., Ltd., holds 64.14% of the shares[8] - The company's equity attributable to shareholders increased to CNY 701,072.46 million, a 5.45% rise from CNY 664,817.72 million year-over-year[12] - Shareholders' equity totaled ¥6,782,909,564.57 in Q3 2020, compared to ¥6,429,813,835.05 in Q4 2019, indicating an increase of around 5.5%[21] Operating Costs and Expenses - Total operating costs for Q3 2020 were approximately ¥495.18 million, up 10.5% from ¥448.05 million in Q3 2019[25] - The total operating costs amounted to CNY 1,472,250,528.99, with significant changes in operating costs from CNY 424,198,069.69 to CNY 1,148,639,096.66, reflecting an increase of CNY 724,441,026.97[46] - The company experienced a significant reduction in management expenses from CNY 1,027,421,098.68 to CNY 302,980,071.71, a decrease of CNY 724,441,026.97[46] Government Subsidies and Other Income - Government subsidies recognized in the current period totaled CNY 5,030,293.12[7] - Other income surged to CNY 1,428.64 million, reflecting an increase of 8,298.82% year-over-year due to government subsidies[13] - Deferred income rose by CNY 218.54 million, a 55.20% increase, reflecting additional government subsidies received[12]