JTGROUP(SH:601609)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders rose by 11.27% to CNY 360,221,995.13 year-on-year[18]. - Operating revenue for the first nine months increased by 4.77% to CNY 31,548,792,733.69 compared to the same period last year[18]. - The net profit after deducting non-recurring gains and losses increased by 48.79% to CNY 368,611,344.43 compared to the same period last year[18]. - The company's net profit for the third quarter of 2020 was CNY 12,949,166,071.22, up from CNY 10,233,819,112.67 in the same quarter of 2019, reflecting a growth of approximately 26.5%[60]. - The company's net profit for Q3 2020 was CNY 111,205,217.64, an increase from CNY 102,883,884.05 in Q3 2019, representing a growth of approximately 1.3%[64]. Assets and Liabilities - Total assets increased by 29.62% to CNY 13,465,085,625.92 compared to the end of the previous year[18]. - The company's current assets reached CNY 9.11 billion, up from CNY 6.53 billion year-on-year, indicating a growth of approximately 39.5%[45]. - The total liabilities reached CNY 6.76 billion, compared to CNY 5.42 billion in the previous year, an increase of about 24.7%[51]. - The total assets of the company reached CNY 7,646,106,359.91, up from CNY 6,273,807,405.39, indicating a growth of about 21.9%[56]. - The total liabilities decreased to CNY 3,796,799,314.53 from CNY 3,940,846,350.58, reflecting a reduction of approximately 3.7%[56]. Cash Flow - Net cash flow from operating activities showed a significant decline, amounting to CNY -1,996,049,041.08[18]. - The net cash flow from operating activities was negative at CNY -1,996,049,041.08, worsening from CNY -812,522,366.20 in the same period last year[81]. - The company reported a significant increase in capital reserves by 247.07% to ¥1,771,066,938.00 due to its IPO[31]. - The company reported cash inflows from financing activities reached CNY 9,358,591,649.63, significantly higher than CNY 5,328,364,782.31 in the previous year[84]. - The net cash flow from financing activities was CNY 2,769,413,176.94, compared to CNY 878,061,307.49 in the same period last year[84]. Shareholder Information - The number of shareholders at the end of the reporting period was 64,373[26]. - The largest shareholder, Ningbo Jintian Investment Holding Co., Ltd., holds 28.59% of the shares[26]. - Basic and diluted earnings per share remained stable at CNY 0.267[20]. Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to CNY 23,145,569.80[21]. - The company received government subsidies, resulting in a 49.11% increase in other income to ¥124,789,552.47[36]. - The company received tax refunds amounting to CNY 184,737,213.13, an increase from CNY 101,025,495.11 in the previous year[81]. Inventory and Accounts Receivable - Accounts receivable increased by 54.12% to ¥3,046,263,970.99, attributed to revenue growth and new project production[31]. - Inventory levels rose to CNY 3.26 billion, up from CNY 2.59 billion, marking an increase of approximately 25.6%[45]. - Accounts receivable increased significantly to CNY 3.05 billion, compared to CNY 1.98 billion in the previous year, reflecting a rise of about 54.2%[45]. Research and Development - Research and development expenses for the third quarter of 2020 were CNY 61,818,229.65, compared to CNY 45,224,955.70 in the same quarter of 2019, an increase of approximately 36.8%[60]. - The company's R&D expenses in Q3 2020 were CNY 29,921,224.17, up from CNY 21,002,731.59 in Q3 2019, marking an increase of about 42.5%[71]. Future Plans - The company plans to issue convertible bonds, pending approval from the China Securities Regulatory Commission[40]. - The company plans to continue focusing on market expansion and new product development to drive future growth[66].