CFHI(SH:601106)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 13,310,966,235.62, a 53.64% increase year-on-year[5] - Net profit attributable to shareholders was CNY 55,894,117.72, reflecting a 7.83% increase compared to the same period last year[5] - The company reported a net loss of CNY 5.57 billion as of September 30, 2020, slightly improved from a loss of CNY 5.62 billion at the end of 2019[20] - The company reported a net loss of ¥2,742,140.63 for Q3 2020, compared to a profit of ¥6,577,133.94 in Q3 2019[26] - The total profit for the first three quarters of 2020 was ¥90,706,737.70, compared to ¥81,253,269.61 in the same period of 2019, showing an increase of 15.1%[27] Assets and Liabilities - Total assets increased by 12.77% to CNY 37,318,363,219 compared to the end of the previous year[5] - The company's total assets at the end of Q3 2020 were significantly impacted by a 66.50% increase in prepayments, totaling 302,612.97 million RMB[12] - Current assets totaled CNY 27.17 billion, up from CNY 22.81 billion year-over-year, indicating a growth of about 19.5%[19] - Total liabilities amounted to CNY 26.10 billion, up from CNY 21.93 billion, indicating an increase of approximately 19.8%[20] - The company’s total liabilities increased to ¥21,953,302,869.80, compared to ¥17,985,340,664.02 in Q3 2019, reflecting a 22.0% rise[23] Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of CNY -1,718,642,483, compared to CNY -381,679,482.7 in the previous year, marking a 350.28% increase[5] - Cash inflow from operating activities for the first three quarters of 2020 was 10,365,129,542.03 RMB, up from 7,354,419,712.85 RMB in the same period of 2019, representing an increase of approximately 40.5%[34] - The net cash outflow from operating activities for Q3 2020 was -1,718,642,483.95 RMB, compared to -381,679,482.70 RMB in Q3 2019, showing a significant increase in losses[35] - Cash inflow from financing activities in Q3 2020 was 6,055,900,000.00 RMB, compared to 1,715,930,000.00 RMB in Q3 2019, reflecting a substantial increase[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 297,098, with the largest shareholder holding 63.88% of the shares[8] - The total equity attributable to shareholders was CNY 11.10 billion, a slight increase from CNY 11.05 billion, showing a growth of about 0.5%[20] Research and Development - The company's development expenses surged by 168.95% to 19,755.99 million RMB, reflecting increased investment in research and development[12] - Research and development expenses amounted to 21,550.83 million RMB, a 39.87% increase compared to the previous year[14] - R&D expenses increased significantly to ¥11,877,417.97 in Q3 2020, up from ¥5,982,586.93 in Q3 2019, reflecting a growth of 98.5%[30] Market Strategy - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[5] Other Income and Expenses - Non-operating income for the first nine months totaled CNY 38,526,764.74, with significant contributions from government subsidies[6][7] - The company reported a significant increase in accounts receivable, which rose to ¥9,399,349,559.37 from ¥7,263,989,079.08, a growth of 29.4%[22] - The company incurred financial expenses of ¥133,667,118.08 in Q3 2020, down from ¥159,210,183.86 in Q3 2019, indicating a decrease of 16.1%[30] Changes in Accounting Standards - The company has adopted new revenue and leasing standards starting from 2020, but it is not applicable for the current financial report[39] - There is no retrospective adjustment of prior comparative data due to the new revenue and leasing standards[39] - The audit report is not applicable for this financial report[39]