CMST(SH:600787)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥271,558,996.67, reflecting a year-on-year increase of 2.95%[18] - Operating revenue for the first nine months was ¥33,259,453,712.11, showing a slight increase of 0.05% compared to the same period last year[18] - The net profit after deducting non-recurring gains and losses was ¥144,238,686.75, representing a year-on-year increase of 20.78%[18] - Basic earnings per share rose to ¥0.1251, an increase of 3.36% compared to the same period last year[20] - Total operating revenue for Q3 2020 reached ¥13,659,447,794.19, a 15.8% increase from ¥11,900,457,848.83 in Q3 2019[52] - Net profit for Q3 2020 was ¥161,817,102.88, compared to ¥76,867,148.34 in Q3 2019, representing a 110.7% increase[57] - The net profit attributable to the parent company's shareholders for Q3 2020 was approximately ¥149.36 million, compared to ¥99.34 million in Q3 2019, representing a year-over-year increase of 50.5%[60] - Total comprehensive income for Q3 2020 reached approximately ¥154.43 million, up from ¥83.30 million in the same period last year, indicating an increase of 85.5%[62] Assets and Liabilities - Total assets at the end of the reporting period reached ¥23,007,085,906.15, an increase of 13.06% compared to the end of the previous year[18] - Total liabilities reached ¥11,073,255,355.55, compared to ¥8,736,976,449.66, reflecting an increase of about 26.9%[44] - Current liabilities rose significantly to ¥8,521,855,358.67 from ¥6,181,887,254.75, marking an increase of approximately 37.83%[42] - Total current assets amounted to approximately ¥9.41 billion as of December 31, 2019[82] - Total non-current assets reached approximately ¥10.94 billion as of the end of the third quarter of 2020[85] - Total assets were reported at approximately ¥20.35 billion as of the end of the third quarter of 2020[88] - Total equity attributable to shareholders rose to ¥11,447,516,804.98 from ¥11,194,284,193.35, an increase of approximately 2.3%[44] Cash Flow - The net cash flow from operating activities decreased significantly to -¥238,378,786.80, a decline of 133.57% year-on-year[18] - Cash received from interest, fees, and commissions decreased by 58.28% to ¥4,810,598.00, impacted by reduced interest rates and deferred collections due to the pandemic[30] - The company reported a cash outflow of ¥3,427,128,471.24 for debt repayment, a 51.14% decrease compared to the previous year, indicating reduced repayment of maturing debts[30] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 40,408,630,553.26, slightly down from CNY 40,823,447,968.09 in the same period of 2019, representing a decrease of approximately 1.01%[74] - The cash outflow from operating activities for the first three quarters of 2020 was CNY 40,647,009,340.06, compared to CNY 40,113,255,200.01 in 2019, indicating an increase of about 1.33%[74] Inventory and Receivables - Inventory rose to ¥1,897,158,472.40 from ¥1,192,458,987.73, a 59.10% increase, driven by accelerated sales and increased inventory purchases to meet future demand[29] - Accounts receivable grew to ¥294,391,097.27 from ¥256,851,785.80, indicating an increase of approximately 14.6%[48] - Inventory surged to ¥1,023,178,789.46, up from ¥408,445,417.46, representing a significant increase of about 150.1%[48] Government Support and Other Income - The company received government subsidies amounting to ¥15,066,186.37 for the year-to-date, which are closely related to its normal business operations[21] - The company recorded a significant increase in other income, totaling ¥149,990,020.11, a 340.51% rise, due to settlements in litigation cases[29] Investment and Development - Investment income for the period reached ¥42,229,827.03, up 72.28% from ¥24,512,890.65, attributed to significant profits from joint ventures[29] - Development expenditures decreased by 61.32% to ¥12,871,627.41, as product development reached usable status and was reclassified as intangible assets[29] Financial Ratios and Metrics - The weighted average return on net assets increased to 2.3987%, up by 0.0226 percentage points from the previous year[18] - The gross profit margin for Q3 2020 was approximately 6.06%, compared to 6.53% in Q3 2019, reflecting a slight decrease[64] - Basic earnings per share for Q3 2020 were ¥0.069, compared to ¥0.046 in Q3 2019, marking a 49.3% increase[62]