FIRMACO(SH:600967)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders was CNY 468,856,111.81, an increase of 11.36% year-on-year[18]. - Operating revenue for the first nine months was CNY 7,347,752,771.53, down 2.50% from the same period last year[18]. - Basic earnings per share increased by 11.65% to CNY 0.278[20]. - The weighted average return on net assets was 4.95%, an increase of 0.08 percentage points[20]. - Net profit for Q3 2020 was ¥95.72 million, compared to ¥88.20 million in Q3 2019, an increase of approximately 8.5%[56]. - The total profit for Q3 2020 was approximately ¥81.02 million, an increase of 18.5% from ¥68.35 million in Q3 2019[61]. - The company reported a profit margin of approximately 4.7% for Q3 2020, compared to 4.0% in Q3 2019[56]. Cash Flow - Net cash flow from operating activities was CNY -1,604,786,818.93, a decrease of 486.85% compared to the previous year[18]. - The company reported a net cash flow from financing activities of ¥59,031,178.60, a significant improvement compared to -¥29,807,842.85 in the same period last year[29]. - Cash flow from operating activities for the first three quarters of 2020 was -1,604,786,818.93 RMB, a significant decline compared to 414,830,345.64 RMB in the same period of 2019[67]. - Cash inflow from sales of goods and services was 4,261,261,263.11 RMB, down 33.4% from 6,397,133,880.25 RMB in the previous year[67]. - Cash flow from investment activities showed a net outflow of -715,499,080.06 RMB, contrasting with a net inflow of 606,809,365.95 RMB in the same period last year[68]. - The company reported a cash and cash equivalents net decrease of -2,261,254,720.39 RMB, contrasting with an increase of 991,831,868.74 RMB in the same period last year[68]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,746,538,791.81, a decrease of 14.19% compared to the end of the previous year[18]. - Total current assets decreased to ¥17.13 billion from ¥20.59 billion as of December 31, 2019, representing a decline of approximately 16.0%[34]. - Total liabilities decreased to ¥12.12 billion from ¥16.10 billion, a reduction of approximately 24.4%[40]. - Total equity increased to ¥9.63 billion from ¥9.25 billion, reflecting a growth of about 4.1%[40]. - Total non-current assets decreased to ¥4.61 billion from ¥4.76 billion, a decline of about 3.0%[38]. - Total liabilities reached approximately CNY 16.10 billion, with current liabilities accounting for CNY 15.71 billion[81]. Shareholder Information - The total number of shareholders at the end of the reporting period was 65,431[22]. - The largest shareholder, Inner Mongolia First Machinery Group, held 51.68% of the shares[22]. - The total owner's equity increased by ¥338.87 million year-over-year, indicating a positive trend in shareholder value[49]. Receivables and Payables - Accounts receivable increased by 50.49% to ¥1,011,128,892.02 from ¥671,896,481.37 year-over-year, indicating delayed collections[27]. - Accounts payable increased by 105.59% to ¥4,298,445,661.70, indicating procurement of production materials not yet due for payment[27]. - Other receivables surged by 407.97% to ¥50,680,608.62, attributed to unrecovered advance payments expected to be collected in October[27]. Expenses - Sales expenses dropped by 40.24% to ¥14,865,146.46, due to reduced expenses in domestic and international sales activities[29]. - Research and development expenses for Q3 2020 were ¥67.20 million, slightly up from ¥66.82 million in Q3 2019[52]. - The company’s tax expenses for Q3 2020 were approximately ¥7.88 million, compared to ¥6.17 million in Q3 2019[61].