2020-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 5.00 billion, down 21.04% year-on-year[6] - Operating revenue for the first nine months was CNY 42.85 billion, an increase of 0.38% compared to the same period last year[6] - Basic earnings per share were CNY 0.49, a decrease of 20.97% compared to the previous year[6] - The diluted earnings per share were also CNY 0.49, reflecting the same decrease of 20.97% year-on-year[6] - Total operating revenue for Q3 2020 reached ¥17.51 billion, a 19.5% increase from ¥14.68 billion in Q3 2019[24] - Net profit attributable to shareholders for the first three quarters of 2020 was ¥7.66 billion, compared to ¥7.51 billion in the same period of 2019, reflecting a growth of 2.0%[24] - The total profit for the first three quarters of 2020 was ¥4,967,992,371, down 22.1% from ¥6,390,087,160 in the same period of 2019[25] - Operating profit for Q3 2020 was ¥2,718,898,692, compared to ¥1,396,600,191 in Q3 2019, reflecting a growth of 94.6%[25] - The company's revenue for Q3 2020 was ¥87,831,447, a decrease of 11.0% from ¥98,893,079 in Q3 2019[27] - The basic earnings per share for Q3 2020 was ¥0.26, up from ¥0.14 in Q3 2019, representing an 85.7% increase[26] - The company reported a total comprehensive income of ¥2,820,938,747 in Q3 2020, compared to ¥1,428,676,941 in Q3 2019, indicating a growth of 97.2%[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 132.13 billion, a decrease of 3.84% compared to the end of the previous year[6] - The company's total liabilities decreased to ¥46,660,837,799 from ¥54,955,307,018 year-over-year[18] - The company's cash and cash equivalents decreased to ¥23,007,963,989 from ¥32,242,927,079, reflecting a decline of 28.7%[16] - The company's long-term equity investments increased to ¥35,112,711,491, up from ¥31,982,364,926, indicating a growth of 9.4%[16] - The company's total equity increased to ¥85,468,531,137 from ¥82,454,220,845, reflecting a growth of 3.7%[19] - The total assets as of September 30, 2020, amounted to ¥132,129,368,936, a decrease from ¥137,409,527,863 at the end of 2019[18] - The total liabilities decreased to ¥11.71 billion from ¥14.06 billion, a reduction of 16.7%[22] - The total equity attributable to shareholders increased to ¥74.92 billion from ¥71.06 billion, reflecting a growth of 5.0%[22] Cash Flow - The net cash flow from operating activities was CNY -7.37 billion, an improvement of 19.10% year-on-year[6] - Cash inflow from operating activities for the first three quarters of 2020 was approximately ¥47.58 billion, slightly down from ¥47.77 billion in the same period of 2019, a decrease of 0.4%[29] - Net cash flow from operating activities for the first three quarters of 2020 was a loss of approximately ¥7.37 billion, an improvement from a loss of ¥9.11 billion in the same period of 2019[29] - Cash inflow from investment activities for the first three quarters of 2020 was approximately ¥11.77 billion, compared to ¥11.54 billion in the same period of 2019, an increase of 2.0%[29] - Net cash flow from investment activities for the first three quarters of 2020 was approximately ¥1.53 billion, a significant improvement from a loss of ¥2.12 billion in the same period of 2019[29] - Cash inflow from financing activities for the first three quarters of 2020 was approximately ¥5.55 billion, an increase of 15.2% compared to ¥4.82 billion in the same period of 2019[30] - Net cash flow from financing activities for the first three quarters of 2020 was a loss of approximately ¥3.42 billion, worsening from a loss of ¥2.07 billion in the same period of 2019[30] - The ending balance of cash and cash equivalents as of Q3 2020 was approximately ¥21.29 billion, down from ¥24.81 billion at the end of Q3 2019, a decrease of 14.3%[30] - The net increase in cash and cash equivalents for the first three quarters of 2020 was 2,199,187,064, a significant improvement from -1,557,015,040 in the same period of 2019[32] - The beginning cash and cash equivalents balance was 9,734,366,397, down from 12,699,469,013 in the previous year, reflecting a decrease of approximately 23%[32] - The ending cash and cash equivalents balance for the first three quarters of 2020 was 11,933,553,461, compared to 11,142,453,973 in 2019, showing an increase of about 7%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 53,715, with the largest shareholder holding 53.71% of the shares[9] - The company’s largest shareholder, Guangzhou Automobile Industry Group Co., Ltd., holds 5.50 billion shares, representing 53.71% of the total share capital[10] Research and Development - Research and development expenses for Q3 2020 were ¥246.40 million, down 35.5% from ¥381.99 million in Q3 2019[24] - Research and development expenses in Q3 2020 amounted to ¥471,356,720, an increase of 26.5% from ¥372,735,128 in Q3 2019[27]