SHCF(SH:600621)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥673,827,181.77, representing a significant increase of 686.86% year-on-year[18]. - Operating revenue for the first nine months was ¥1,343,601,138.83, up 46.27% from the same period last year[18]. - Basic earnings per share rose to ¥0.64, a 700% increase compared to ¥0.08 in the previous year[18]. - The company reported a diluted earnings per share of ¥0.64, consistent with the basic earnings per share[18]. - Total operating revenue for Q3 2020 reached ¥524,060,749.07, a significant increase of 51.6% compared to ¥345,746,041.08 in Q3 2019[48]. - Net profit for Q3 2020 was ¥112,184,324.44, a substantial increase from ¥6,900,552.79 in Q3 2019, reflecting a growth of 1523.5%[51]. - The total profit for Q3 2020 amounted to ¥188,245,474.36, compared to ¥16,444,114.86 in Q3 2019, marking an increase of 1031.5%[51]. - Earnings per share (EPS) for Q3 2020 was ¥0.11, compared to ¥0.01 in Q3 2019, indicating a significant improvement[52]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥26,554,841,700.21, an increase of 17.07% compared to the end of the previous year[18]. - The total assets amounted to ¥26,554,841,700.21, compared to ¥22,682,671,696.45, reflecting an increase of about 16.5%[37]. - The company's total liabilities increased, with short-term borrowings at $334,280,814.18, up from $306,013,653.25[36]. - Total liabilities increased to ¥19,545,231,267.69, up from ¥16,094,020,636.04, representing a growth of approximately 15.2% year-over-year[37]. - Total equity rose to ¥7,009,610,432.52, compared to ¥6,588,651,060.41, marking an increase of about 6.4%[37]. - The company's cash and cash equivalents totaled $7,287,828,328.59 as of September 30, 2020, compared to $7,813,523,076.90 at the end of 2019, indicating a decrease[33]. - The trading financial assets increased by 55.16% to $6,559,036,843.95 from $4,227,284,790.80 year-over-year[33]. - Current liabilities reached ¥13,735,548,875.31, including short-term borrowings of ¥306,013,653.25 and accounts payable of ¥31,927,843.35[73]. Cash Flow - Net cash flow from operating activities for the first nine months was ¥144,067,756.46, a decrease of 94.30% compared to the previous year[18]. - The net cash flow from operating activities decreased by 94.30% to ¥144,067,756.46 from ¥2,526,808,125.69 in the previous year, attributed to increased net inflows of financial assets and funds lent[26]. - The total cash inflow from operating activities for the first three quarters of 2020 was CNY 3,650,272,487.01, down from CNY 6,792,196,292.51 in the same period of 2019[63]. - The cash flow from financing activities showed a net outflow of -60,421,573.03 RMB, compared to -31,103,922.50 RMB in the previous year[67]. - The total cash inflow from financing activities reached 6,163,805,188.83 RMB, compared to 3,509,350,827.40 RMB in the previous year, indicating a significant increase[66]. Income and Expenses - The company reported a 671.83% increase in income tax expenses, totaling ¥213,324,820.10, compared to ¥27,638,992.74 in the previous year, driven by higher profits[26]. - The company experienced a 113.39% increase in commission and fee expenses, which reached ¥222,227,055.78, up from ¥104,139,902.35, due to increased trading volume[26]. - Research and development expenses amounted to ¥7,193,447.93, reflecting an increase in capitalized R&D expenditures[26]. - Other income rose significantly by 735.83% to ¥2,003,736.98 from ¥239,730.99, primarily due to tax refund receipts[26]. - The company recorded a credit impairment loss of ¥-23,763,886.53, indicating an increase in credit business impairment losses[26]. Investment Activities - Investment income surged by 348.26% to ¥857,521,811.76, up from ¥191,298,796.92, mainly due to gains from the disposal of a 2% stake in Morgan Huaxin Securities[26]. - The company reported a total investment income of ¥61,381,873.76 in Q3 2020, down from ¥77,230,435.12 in Q3 2019[51]. - The cash outflow for investing activities totaled 339,934,625.73 RMB, down from 842,534,046.22 RMB in the previous year[66]. Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[18]. - The company has implemented new revenue recognition standards effective January 1, 2020, impacting the reporting of contract liabilities[76].