MYSE(SH:601615)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 81.61% to CNY 932.77 million year-on-year[4] - Operating revenue surged by 109.79% to CNY 15.13 billion for the first nine months of the year[4] - Basic earnings per share increased by 78.95% to CNY 0.68[5] - Diluted earnings per share rose by 71.05% to CNY 0.65[5] - The weighted average return on equity improved by 3.65 percentage points to 12.54%[5] - The company expects a significant increase in net profit for 2020 compared to the previous year, driven by a substantial growth in market demand in the wind power industry[19] - The net profit for Q3 2020 was ¥389,913,241.81, compared to ¥173,503,452.32 in Q3 2019, marking an increase of approximately 124.9%[32] - The total profit for Q3 2020 was approximately ¥438,706,608.59 for Q3 2020, compared to ¥212,140,826.14 in Q3 2019, which is an increase of approximately 106.5%[31] Cash Flow - Net cash flow from operating activities increased by 254.38% to CNY 3.29 billion compared to the same period last year[4] - The company reported a net cash flow from operating activities of RMB 3,291,642,751.03, a 254% increase from RMB 928,853,967.19, attributed to increased sales collections[16] - The net cash flow generated from operating activities in Q3 2020 was ¥3.29 billion, a substantial increase from ¥928.85 million in Q3 2019, marking a growth of 253.5%[40] - The net cash flow from investing activities was -2,765,683,388.92 RMB, a decrease of 128% compared to the previous period, primarily due to investments in infrastructure and power station projects[17] - The net cash flow from financing activities was -984,928,730.39 RMB, a decrease of 136% compared to the previous period, mainly due to increased loan repayments this period compared to the previous year's public offering[17] Assets and Liabilities - Total assets increased by 19.57% to CNY 41.49 billion compared to the end of the previous year[4] - Total liabilities increased by 65% to RMB 4,506,932,952.44 from RMB 2,728,682,840.82, mainly due to procurement activities[13] - The company's total equity increased to 8,342,526,527.17 RMB from 7,091,971,591.32 RMB in the previous year[24] - Total liabilities reached 33,143,305,860.24 RMB, up from 27,603,639,445.69 RMB in the previous year[24] - The total current liabilities were reported at ¥17,922,584,717.77, reflecting an increase of ¥681,587,694.16 compared to the previous period[51] Inventory and Receivables - Accounts receivable decreased by 53% to RMB 2,252,265,419.54 from RMB 4,751,530,667.67, primarily due to customer repayments[12] - Inventory increased by 145% to RMB 6,877,100,631.81 from RMB 2,811,417,105.44, driven by procurement for industry demand[12] - Accounts receivable decreased to ¥2,151,523,466.10 from ¥3,904,312,951.55, reflecting improved collection efforts[26] - Inventory levels increased significantly to ¥3,260,938,386.74, compared to ¥1,723,846,915.32 in the previous year, indicating potential growth in sales[26] Research and Development - Research and development expenses rose by 45% to RMB 311,160,161.76 from RMB 214,774,311.43, reflecting increased investment in large wind turbine development[15] - Research and development expenses for Q3 2020 amounted to ¥83,477,363.17, up from ¥38,198,423.13 in Q3 2019, reflecting a year-over-year increase of about 118.8%[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 40,806[8] - The largest shareholder held 15.05% of the shares, amounting to 211,320,031 shares[8] - As of October 27, 2020, the actual amount received from shareholders was 5,803,112,316.26 RMB, with a net amount raised of 5,772,047,272.19 RMB after deducting issuance costs[18] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to enhance product offerings[11] - The company is focusing on expanding its market presence and developing new technologies to drive future growth[29]