CHIC(SH:601608)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders was ¥202,256,476.46, representing a significant increase of 105.77% year-on-year[5] - Operating revenue for the first nine months was ¥4,310,200,908.70, up 17.80% from the same period last year[5] - Basic earnings per share rose to ¥0.0466, a 105.29% increase year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥110,878,396.12, a substantial increase of 7,049.25% compared to the previous year[5] - Total operating revenue for Q3 2020 reached ¥1,622,981,022.04, a 32.4% increase from ¥1,225,376,838.77 in Q3 2019[23] - Net profit for Q3 2020 was ¥30,452,692.27, compared to ¥2,683,263.10 in Q3 2019, representing an increase of 1,134.5%[25] - Total comprehensive income for Q3 2020 was ¥34,002,477.34, compared to ¥1,194,225.30 in Q3 2019[28] Asset and Liability Management - Total assets at the end of the reporting period reached ¥21,582,481,941.51, an increase of 3.94% compared to the previous year[5] - Total current assets increased to ¥13,233,133,525.27 from ¥12,365,659,931.91, indicating overall growth in asset base[17] - Current liabilities rose to ¥12,082,871,562.92, compared to ¥11,420,983,457.60, indicating an increase of about 5.79%[19] - Non-current liabilities totaled ¥1,817,144,229.27, a decrease from ¥1,853,643,031.99, reflecting a decline of approximately 1.96%[19] - The total liabilities increased to ¥13,900,015,792.19 from ¥13,274,626,489.59, reflecting a growth of approximately 4.69%[19] - The equity attributable to shareholders increased to ¥7,344,935,544.13 from ¥7,164,589,012.88, showing an increase of about 2.52%[19] Cash Flow Analysis - The net cash flow from operating activities increased by 52.83% to ¥258,076,846.53 compared to the previous year[5] - Cash received from tax refunds increased by 58.57% to ¥54,070,090.45 from ¥34,098,875.67, due to an increase in VAT refunds[15] - Cash received from the disposal of subsidiaries amounted to ¥69,207,200.00, following the transfer of 60% equity in a wholly-owned subsidiary[15] - The company reported a significant increase in cash received from borrowings, totaling ¥9,832,907,100.22, a 139.03% increase compared to the previous year[15] - Operating cash inflow for Q3 2020 was CNY 5,103,716,101.80, an increase of 12% compared to CNY 4,558,930,087.75 in Q3 2019[31] - Cash inflow from financing activities reached CNY 9,843,095,886.59, a significant increase of 139% compared to CNY 4,118,714,631.58 in Q3 2019[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 110,682[10] - The company's undistributed profits increased by 187.94% to ¥253,657,015.58 from ¥88,094,623.06, reflecting current period profits[14] Operational Efficiency - The weighted average return on net assets improved to 2.79%, an increase of 1.42 percentage points[7] - The company reported a gross profit margin of approximately 0.2% for Q3 2020, down from the previous year's margin[23] - Research and development expenses for Q3 2020 amounted to ¥109,272,819.94, a 21.3% increase from ¥90,116,202.61 in Q3 2019[23] - The company incurred financial expenses of ¥45,166,843.44 in Q3 2020, slightly up from ¥44,429,150.77 in Q3 2019[28] Receivables and Inventory Management - The company's accounts receivable decreased by 56.04% to ¥51,719,223.35 from ¥117,642,281.26 due to a reduction in commercial acceptance from customers[13] - Financing receivables increased by 36.45% to ¥865,033,886.44 from ¥633,952,470.85, indicating an increase in bank acceptance from customers[13] - Other receivables surged by 118.43% to ¥167,627,326.75 from ¥76,740,318.97, attributed to an increase in interest receivables and petty cash[13] - Inventory stood at ¥2,157,485,660.02, slightly down from ¥2,183,139,984.00, indicating a decrease of about 1.17%[20]