ECC(SH:600850)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY 246,586,827.24, representing a decrease of 5.45% year-on-year[17]. - Operating revenue for the period was CNY 5,201,853,286.87, a slight increase of 0.25% compared to the same period last year[17]. - Basic earnings per share were CNY 0.5777, down 5.74% from CNY 0.6129 in the previous year[17]. - The company reported a net profit margin improvement, with net profit for the first three quarters of 2020 at ¥214,762,540.95, compared to ¥140,151,834.27 in the same period of 2019, indicating a growth of approximately 53.0%[53]. - Net profit attributable to shareholders for Q3 2020 was ¥93,694,157.81, compared to ¥80,447,057.59 in Q3 2019, reflecting an increase of about 16.5%[63]. - The total profit for Q3 2020 was ¥113,854,723.07, up from ¥97,302,354.81 in the same period last year, marking a growth of approximately 17.8%[62]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY -401,171,951.05, compared to CNY -68,842,236.10 in the same period last year[17]. - Cash and cash equivalents at the end of the period were CNY 1,440,434,923.28, up from CNY 1,090,269,703.27 at the end of the previous period[74]. - The company reported cash inflows from operating activities totaling CNY 5,660,404,671.34, down from CNY 6,480,097,132.36 in the prior year[74]. - The company incurred a total of CNY 5,204,033,525.91 in cash outflows for purchasing goods and services, compared to CNY 5,533,322,150.55 in the previous period[74]. - The company’s cash flow from operating activities showed a significant decline, indicating potential challenges in revenue generation[76]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,750,986,890.32, a decrease of 3.44% compared to the end of the previous year[17]. - Total current assets as of September 30, 2020, were ¥6,551,568,455.77, a decrease from ¥6,816,331,247.82 at the end of 2019[42]. - Total liabilities decreased from ¥4,258,517,963.58 at the end of 2019 to ¥3,897,289,149.56 as of September 30, 2020[48]. - The total liabilities amounted to 1,277,258,558.08 RMB, with a slight increase from 1,283,587,330.08 RMB in the previous year[82]. - The company recognized contract liabilities as per the new revenue standards, impacting the financial statements[85]. Shareholder Information - The total number of shareholders at the end of the reporting period was 26,370[25]. - The largest shareholder, China Electronics Technology Group Corporation, held 24.20% of the shares[25]. - The total equity attributable to shareholders increased from ¥2,557,428,215.62 at the end of 2019 to ¥2,694,734,068.52 as of September 30, 2020[48]. Operating Expenses and Costs - Operating expenses rose by 120.48% to RMB 3,512,450.57, primarily due to increased losses from the disposal of non-current assets[35]. - Total operating costs for Q3 2020 were ¥1,921,843,556.14, compared to ¥1,690,477,071.32 in Q3 2019, reflecting an increase of about 13.7%[57]. - The operating costs for Q3 2020 were ¥291,812,231.41, compared to ¥171,329,895.96 in Q3 2019, which is an increase of approximately 70.3%[66]. Research and Development - Research and development expenses for Q3 2020 amounted to ¥62,267,841.42, up from ¥56,598,616.46 in Q3 2019, indicating a growth of approximately 10.0%[57]. - The company plans to continue investing in R&D to drive innovation and market expansion in the upcoming quarters[57].