Linyang Energy(SH:601222)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders was ¥935,284,751.93, representing a year-on-year increase of 33.48%[11]. - Operating revenue for the first nine months was ¥4,418,008,766.05, up 73.58% from the same period last year[11]. - Basic earnings per share increased to ¥0.54, reflecting a growth of 35.00% compared to the previous year[11]. - The company's operating revenue for Q3 2020 reached RMB 4,418,008,766.05, representing a 73.58% increase compared to RMB 2,545,274,177.51 in the same period last year[20]. - Total revenue for Q3 2020 reached ¥1,466,595,081.87, a significant increase of 67.0% compared to ¥877,988,152.11 in Q3 2019[38]. - Net profit for the first three quarters of 2020 was ¥1,283,432,938.18, compared to ¥1,107,667,900.59 in the same period of 2019, reflecting a growth of 15.9%[35]. - The net profit for Q3 2020 reached ¥135.90 million, compared to ¥26.17 million in Q3 2019, marking an increase of 418.5%[44]. - The total profit for Q3 2020 was approximately ¥161.27 million, up from ¥26.61 million in the same period last year, reflecting a growth of 505.5%[44]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥19,880,156,060.31, an increase of 13.81% compared to the end of the previous year[11]. - The total amount of accounts receivable increased by 50.15% to RMB 4,512,201,985.56 from RMB 3,005,170,860.83[18]. - The company's financial assets increased by 55.36% to RMB 1,554,535,451.39, up from RMB 1,000,586,691.42 due to increased investments in financial products[18]. - Total liabilities reached CNY 8.78 billion, compared to CNY 7.15 billion, reflecting an increase of approximately 22.7%[29]. - Current liabilities rose to CNY 3.78 billion, compared to CNY 2.67 billion in the previous year, reflecting an increase of about 41.8%[29]. - Non-current liabilities totaled CNY 4.99 billion, an increase from CNY 4.49 billion, representing a growth of about 11.2%[29]. - The total equity of the company reached ¥8,330,479,986.66, up from ¥8,223,624,776.25 in Q3 2019, indicating a growth of 1.3%[35]. Cash Flow - Net cash flow from operating activities for the first nine months was ¥684,553,772.22, a significant increase of 278.76% year-on-year[11]. - The net cash flow from operating activities increased by 278.76% to RMB 684,553,772.22 compared to RMB 180,733,676.13 in the previous year[20]. - The cash inflow from operating activities totaled CNY 3.33 billion for the first nine months of 2020, compared to CNY 2.58 billion in 2019, reflecting a year-on-year increase of 29.1%[48]. - The net cash flow from financing activities for the first nine months of 2020 was CNY 543.6 million, compared to CNY 73.0 million in 2019, marking an increase of 642.5%[50]. - The cash and cash equivalents at the end of the third quarter of 2020 amounted to CNY 2.30 billion, up from CNY 1.36 billion at the end of the same period in 2019, representing a growth of 68.5%[50]. Shareholder Information - The total number of shareholders at the end of the reporting period was 46,661[15]. - The largest shareholder, Qidong Huahong Electronics Co., Ltd., holds 40.90% of the shares[15]. Strategic Initiatives - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[11]. - The company reported non-operating income of ¥55,961,014.92 for the first nine months, primarily from government subsidies[13]. Research and Development - Research and development expenses for Q3 2020 amounted to ¥34,854,274.32, a rise of 15.7% from ¥30,073,798.69 in Q3 2019, highlighting a focus on innovation[38]. - Research and development expenses for Q3 2020 were approximately ¥19.93 million, slightly up from ¥19.63 million in Q3 2019, showing continued investment in innovation[44].