HLC(SH:600731)2020-10-26 16:00Financial Performance - Net profit attributable to shareholders increased by 162.63% to CNY 204,528,101.42 for the first nine months of the year[7]. - Basic earnings per share rose by 162.68% to CNY 0.5758[8]. - Operating income decreased by 12.60% to CNY 1,347,204,846.15 compared to the same period last year[7]. - Operating revenue for the first three quarters of 2020 reached CNY 685,521,537.84, compared to CNY 839,909,174.18 in the same period of 2019, indicating a decrease of about 18.4%[35]. - Net profit for the third quarter of 2020 was CNY -8,435,204.49, compared to CNY -7,688,912.14 in the same quarter of 2019, indicating a worsening of approximately 9.7%[36]. - The company reported a total profit of CNY -8,435,204.49 for the third quarter of 2020, compared to CNY -7,688,912.14 in the same quarter of 2019, reflecting a decline of approximately 9.7%[36]. - Total comprehensive income for the third quarter of 2020 was CNY 68,370,493.25, compared to CNY 60,803,990.26 in the same period of 2019, representing an increase of approximately 2.6%[33]. - The company reported a total comprehensive income attributable to the parent company of CNY 68,559,511.32 for the third quarter of 2020, compared to CNY 54,989,160.35 in the same period of 2019, an increase of approximately 24.6%[33]. Assets and Liabilities - Total assets increased by 12.95% to CNY 2,723,211,032.35 compared to the end of the previous year[7]. - Current assets rose to CNY 1,553,844,924.10, up from CNY 1,361,470,866.63, indicating an increase of about 14.12%[22]. - Total liabilities amounted to CNY 1,240,141,799.64, compared to CNY 1,138,807,953.48, reflecting an increase of about 8.87%[24]. - Non-current assets totaled CNY 1,169,366,108.25, up from CNY 1,049,466,240.01, representing a growth of about 11.43%[23]. - The company's retained earnings surged to CNY 316,241,241.76 from CNY 111,713,140.34, indicating a significant increase of approximately 183.36%[24]. - The total equity increased to CNY 1,483,069,232.71 from CNY 1,272,129,153.16, reflecting a growth of about 16.58%[24]. Cash Flow - Cash flow from operating activities increased by 185.91% to CNY 273,929,962.23 for the first nine months[7]. - Cash flow from operating activities for the first three quarters of 2020 was CNY 1,534,890,367.06, an increase from CNY 1,469,885,719.20 in the same period of 2019, representing a growth of about 4.4%[38]. - Total cash inflow from operating activities for the first nine months of 2020 was CNY 877,147,427.97, compared to CNY 468,267,701.00 in the same period of 2019, indicating an increase of about 87.3%[42]. - The net cash flow from financing activities for Q3 2020 was CNY 38,881,236.64, compared to a negative cash flow of CNY 42,017,864.65 in Q3 2019, showing a turnaround in financing activities[40]. Shareholder Information - The total number of shareholders reached 19,842 by the end of the reporting period[12]. - The largest shareholder, Hunan Haili High-tech Industry Group Co., Ltd., holds 23.50% of the shares[12]. Operational Highlights - The company is progressing with the Guixi New District production facility, with partial product production expected to commence in Q1 of next year[19]. - The company has received RMB 135,040,000.00 in compensation for the closure of its subsidiary Haili Zhuzhou, with the subsidiary currently in a state of complete shutdown[18]. - The company plans to continue focusing on market expansion and new product development to drive future growth[30]. Expenses - Financial expenses decreased by 39.50% to RMB 10,579,134.64, mainly due to reduced loans and lower interest rates[16]. - Research and development expenses for Q3 2020 were ¥20,936,948.39, slightly up from ¥20,001,886.50 in Q3 2019, showing a 4.67% increase[30]. - Research and development expenses for the first three quarters of 2020 totaled CNY 13,271,976.57, compared to CNY 18,411,174.82 in the same period of 2019, showing a decrease of about 28.0%[35].