CETC Chips(SH:600877)2020-10-29 16:00Financial Performance - Operating revenue surged by 119.24% to CNY 178,913,644.65 for the first nine months of the year[18] - Net profit attributable to shareholders reached CNY 22,316,842.44, a significant recovery from a loss of CNY 13,517,265.11 in the same period last year[18] - Basic and diluted earnings per share were both CNY 0.03, recovering from a loss of CNY 0.02 per share last year[18] - Total revenue for Q3 2020 reached ¥73,768,547.50, a significant increase from ¥23,613,687.84 in Q3 2019, representing a growth of approximately 213.5%[51] - The company reported a net profit of ¥12,019,937.82, compared to a net loss of ¥9,537,242.65 in the same period last year, indicating a significant recovery[54] - Total operating profit was ¥17,023,764.46, a substantial increase from a loss of ¥9,256,995.74 in the previous year[54] - The total profit amounted to ¥14,419,429.43, contrasting with a loss of ¥9,534,859.41 in the same quarter last year[54] Assets and Liabilities - Total assets increased by 10.36% to CNY 571,687,258.62 compared to the end of the previous year[18] - Total assets as of September 30, 2020, were ¥791,400,893.33, an increase from ¥756,975,387.10 at the end of 2019[47] - Total liabilities as of September 30, 2020, were ¥25,205,235.76, compared to ¥24,589,269.56 at the end of 2019, showing a slight increase of about 2.5%[47] - The total equity attributable to shareholders as of September 30, 2020, was ¥766,195,657.57, up from ¥732,386,117.54 at the end of 2019, indicating a growth of approximately 4.6%[49] Cash Flow - Net cash flow from operating activities decreased by 78.60% to CNY 1,071,622.80 compared to the previous year[18] - Cash inflow from operating activities for the first three quarters of 2020 was $196,410,046.54, an increase of 9.2% compared to $178,757,852.45 in the same period of 2019[66] - Cash outflow from operating activities totaled $195,338,423.74, up from $173,749,735.44 in the previous year, resulting in a net cash flow from operating activities of $1,071,622.80, down 78.6% from $5,008,117.01[66] - The ending cash and cash equivalents balance decreased to $86,214,794.15 from $66,553,250.41 year-over-year, reflecting a net decrease of $7,966,541.05[68] Operating Costs and Expenses - Operating costs rose by 90.87% to CNY 100,508,574.92, driven by higher sales volume and changes in product mix[30] - Total operating costs for Q3 2020 were ¥58,557,839.40, compared to ¥32,861,881.44 in Q3 2019, indicating an increase of about 78.1%[51] - R&D expenses for Q3 2020 amounted to ¥10,165,367.78, up from ¥7,856,826.30 in Q3 2019, reflecting a growth of approximately 29.5%[51] - The company incurred asset impairment losses of ¥1,963,409.76, which is a significant increase compared to ¥444,900.14 in the previous year[54] - The company’s management expenses for the quarter were ¥1,157,208.69, a notable increase from ¥113,207.55 in the same quarter last year[59] Shareholder Information - The total number of shareholders reached 47,624 by the end of the reporting period[24] - The largest shareholder, China Electric Power Group Co., Ltd., holds 31.87% of the shares, totaling 262,010,707 shares[24] Other Income and Non-Operating Activities - Non-operating income included government subsidies totaling CNY 2,896,712.94 for the year-to-date[20] - The company reported a loss from the disposal of non-current assets amounting to CNY 3,104,842.70 due to product updates[20] - The company reported a significant increase in other income, up 4,825.24% to CNY 2,997,246.14, primarily from government subsidies[30] - The company reported other income of ¥506,943.75, compared to a loss of ¥265,781.19 in the previous year[54]