EASTCOM(SH:600776)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,836,557,768.00, representing an increase of 1.87% year-on-year[18]. - Net profit attributable to shareholders for the first nine months was CNY 47,014,154.21, a decrease of 12.61% compared to the same period last year[18]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -23,946,491.47, a decrease of 158.08% year-on-year[18]. - Basic earnings per share for the first nine months were CNY 0.03743165, down 12.61% from the previous year[18]. - Total revenue for Q3 2020 was CNY 706,493,348.91, an increase from CNY 624,482,172.56 in Q3 2019, representing a growth of approximately 13.8%[40]. - Net profit for Q3 2020 was CNY 11,862,859.55, significantly higher than CNY 3,484,802.78 in Q3 2019, reflecting a growth of approximately 240.5%[40]. - The company reported a net loss of ¥15.63 million for the first three quarters of 2020, a decrease from a profit of ¥24.74 million in the same period of 2019[48]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,889,653,497.42, a decrease of 1.46% compared to the end of the previous year[18]. - The company reported a decrease in net assets attributable to shareholders of 0.10% to CNY 3,128,618,585.12 compared to the end of the previous year[18]. - Total liabilities decreased to CNY 718.62 million from CNY 772.63 million, a reduction of about 7%[33]. - Total liabilities increased to CNY 793,256,875.44 in Q3 2020 from CNY 681,084,063.68 in Q3 2019, representing a rise of about 16.5%[39]. - The total equity attributable to shareholders decreased slightly to CNY 3.13 billion from CNY 3.13 billion, showing a marginal decline of approximately 0.1%[33]. - The total owner's equity attributable to shareholders was RMB 3,131,664,186.74, reflecting strong shareholder value[60]. Cash Flow - The net cash flow from operating activities for the first nine months was CNY -367,017,347.62, compared to CNY -296,675,963.60 in the same period last year[18]. - The net cash flow from investment activities was CNY 797,956,515.69, up from CNY 459,382,254.44 in the previous year, indicating a strong performance in this area[51]. - The cash inflow from investment activities totaled CNY 812,225,008.34, a significant increase of 38.1% from CNY 588,149,608.59 in the same period of 2019[51]. - The cash inflow from investment activities in Q3 2020 was CNY 756,713,442.77, an increase from CNY 525,475,668.96 in Q3 2019[55]. - The net cash flow from operating activities in Q3 2020 was -CNY 178,943,658.89, compared to -CNY 112,371,131.11 in Q3 2019, indicating a decline[55]. Shareholder Information - Total number of shareholders at the end of the reporting period is 141,915[22]. - The largest shareholder, Putian Oriental Communication Group Co., Ltd., holds 545,615,552 shares, accounting for 43.44% of total shares[22]. Investments and Development - The company plans to establish a wholly-owned subsidiary and an intelligent manufacturing base in Fuyang District, Hangzhou[25]. - The company has invested in new product development, with development expenditures reported at CNY 4.51 million for the quarter[32]. - The company plans to continue investing in new technologies and market expansion to drive future growth[49]. Expenses - The company’s sales expenses decreased by 38.98%, from 53,824,991.99 to 32,842,634.84[24]. - Research and development expenses for Q3 2020 amounted to CNY 44,712,687.65, up from CNY 36,014,783.44 in Q3 2019, indicating an increase of about 24.0%[40]. - The company reported a decrease in sales expenses to CNY 13,200,651.64 in Q3 2020 from CNY 18,178,250.42 in Q3 2019, a reduction of approximately 27.3%[40]. Revenue Recognition - The company implemented the new revenue recognition standards starting January 1, 2020, affecting the financial statements[64].