CNS(SH:601098)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 1,010,499,727.57, representing a year-on-year increase of 10.04%[4] - Operating income for the first nine months was CNY 6,385,621,667.45, showing a slight increase of 0.18% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was CNY 797,186,084.20, a decrease of 9.81% year-on-year[5] - Total operating revenue for Q3 2020 reached ¥2,254,943,855.14, an increase of 12.2% compared to ¥2,009,158,585.28 in Q3 2019[26] - Net profit for Q3 2020 was ¥393,728,754.92, up 46.1% from ¥269,692,936.03 in Q3 2019[27] - The company reported a total comprehensive income of CNY 393,728,754.92 for Q3 2020, compared to CNY 269,692,936.03 in Q3 2019, an increase of 46.1%[30] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 23,375,062,969.39, an increase of 7.20% compared to the end of the previous year[4] - The company's current assets totaled RMB 20.21 billion, up from RMB 18.44 billion in December 2019, indicating a growth of about 9.2%[18] - Total liabilities reached RMB 9.00 billion, up from RMB 7.35 billion, which is an increase of about 22.4%[21] - The total current liabilities amounted to RMB 8.56 billion, compared to RMB 7.04 billion in the previous year, indicating a growth of approximately 21.5%[19] - Total liabilities reached CNY 715,241,345.97, while current liabilities were CNY 520,316,644.77[42] Cash Flow - The net cash flow from operating activities decreased significantly by 76.94%, amounting to CNY 246,673,312.76[4] - Cash flow from operating activities for the first three quarters of 2020 was CNY 6,684,606,444.72, compared to CNY 6,355,281,445.85 in the same period of 2019, indicating an increase of 5.2%[32] - The net cash flow from operating activities for Q3 2020 was ¥246,673,312.76, a decrease of 77% compared to ¥1,069,759,125.51 in Q3 2019[33] - Total cash inflow from operating activities was ¥7,504,958,652.24, while cash outflow was ¥7,258,285,339.48, resulting in a net cash inflow of ¥246,673,312.76[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,171[8] - The largest shareholder, Hunan Publishing Investment Holding Group Co., Ltd., held 61.46% of the shares[8] - The company's equity attributable to shareholders decreased slightly to RMB 13.57 billion from RMB 13.67 billion, a decline of about 0.8%[21] Investments and Expenses - Investment income rose by 30.03% to CNY 77,790,783.70, driven by increased returns from financial asset investments[12] - The company reported a significant increase in other operating expenses, which rose by 179.41% to CNY 7,626,216.49 due to increased donations[12] - Research and development expenses for Q3 2020 were ¥11,807,925.64, a slight increase from ¥10,543,384.16 in Q3 2019[26] - Research and development expenses increased to CNY 2,862,489.60 in Q3 2020, compared to CNY 528,816.97 in Q3 2019, marking a rise of 442.5%[30] Inventory and Receivables - Accounts receivable rose by 82.44% to CNY 6,986,536.53, primarily due to an increase in bank acceptance bills received during the reporting period[11] - Inventory increased by 39.65% to CNY 2,055,288,472.92, attributed to seasonal stocking of textbooks and teaching materials[11] - Accounts payable amounted to CNY 2,668,835,984.59, indicating the company's obligations to suppliers[39] Future Outlook - The company expects to continue benefiting from government tax policies related to the publishing industry, which may impact future financial performance[7]