SNAT(SH:600841)2020-10-23 16:00Financial Performance - Operating revenue for the first nine months rose by 53.61% to CNY 4,366,621,540.11 year-on-year[15] - Net profit attributable to shareholders increased by 51.30% to CNY 138,711,837.08 compared to the same period last year[15] - Basic earnings per share increased by 51.30% to CNY 0.160 compared to the same period last year[15] - Net profit attributable to the parent company increased by 51.30% year-on-year, mainly due to growth in diesel engine sales and improved profitability of core business[23] - Other income increased by 194.19% year-on-year, primarily due to an increase in government subsidies received during the period[23] - Total operating revenue for Q3 2020 reached ¥1,652,589,740.53, a significant increase from ¥915,794,845.10 in Q3 2019, representing an increase of approximately 80.4%[43] - Net profit for Q3 2020 was ¥22,784,021.50, slightly up from ¥21,910,022.52 in Q3 2019, indicating a growth of approximately 4.0%[46] - The company's operating profit for Q3 2020 was ¥19,736,909.73, compared to ¥20,483,971.64 in Q3 2019, indicating a decrease of 3.6%[52] - The total profit for Q3 2020 was ¥19,990,567.51, down from ¥20,640,204.20 in Q3 2019, representing a decline of 3.2%[52] Assets and Liabilities - Total assets increased by 18.90% to CNY 8,860,161,123.75 compared to the end of the previous year[15] - Total liabilities increased to RMB 4,946,438,315.87 from RMB 3,654,038,766.39 year-on-year[34] - Current assets totaled RMB 6,847,497,906.74, up from RMB 5,475,054,748.23 at the end of 2019[31] - The company’s total assets increased to ¥8,852,297,671.23 from ¥7,513,373,414.41, representing a growth of approximately 17.8%[40] - The total liabilities increased to ¥4,843,581,995.76 in the latest report from ¥3,611,415,901.96 in the previous period, marking an increase of about 34.1%[40] - Total liabilities reached approximately $3.61 billion, with current liabilities at $3.48 billion and non-current liabilities at $132.6 million[76] Cash Flow - Net cash flow from operating activities decreased by 327.06% to CNY -589,684,053.60 for the first nine months[15] - The company's operating cash flow for the first three quarters of 2020 was negative at -589,684,053.60 RMB, compared to a positive cash flow of 259,701,146.62 RMB in the same period of 2019, indicating a significant decline in operational performance[57] - Total cash inflow from operating activities decreased to 3,163,919,878.43 RMB in 2020 from 3,224,239,510.69 RMB in 2019, reflecting a year-over-year decline of approximately 1.88%[57] - Cash outflow for purchasing goods and services increased significantly to 3,127,619,577.54 RMB in 2020, up from 2,461,734,818.08 RMB in 2019, representing a rise of about 27.05%[57] - The company's cash and cash equivalents at the end of Q3 2020 stood at 2,303,363,643.09 RMB, down from 2,679,721,714.43 RMB at the end of Q3 2019, a decrease of about 14.03%[58] Shareholder Information - The total number of shareholders reached 42,252 by the end of the reporting period[19] - Shanghai Automotive Group holds 48.05% of the shares, making it the largest shareholder[19] Expenses - Sales expenses increased by 71.64% year-on-year, influenced by higher sales volume and increased product warranty and maintenance costs[23] - Research and development expenses for the first three quarters of 2020 were ¥157,575,714.15, compared to ¥151,948,510.47 in the same period of 2019, reflecting a slight increase of about 3.5%[46] - The company's financial expenses for Q3 2020 were ¥1,306,929.79, a significant change from a gain of ¥24,708,788.70 in Q3 2019[52] Government Subsidies - The company received government subsidies amounting to CNY 23,189,024.61 for the first nine months[15] - Other income increased by 194.19% year-on-year, primarily due to an increase in government subsidies received during the period[23] Future Plans - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and product offerings in the upcoming quarters[42]