SGEG(SH:601616)2020-10-26 16:00Financial Performance - Operating revenue increased by 91.78% to CNY 853,234,449.89 for the period from January to September[5] - Net profit attributable to shareholders rose by 55.15% to CNY 55,373,250.43 for the same period[5] - Basic earnings per share increased by 55.38% to CNY 0.0592[5] - Total revenue for Q3 2020 reached ¥280,776,442.36, a significant increase from ¥158,532,742.92 in Q3 2019, representing a growth of approximately 77.0%[23] - Net profit for the first three quarters of 2020 was ¥165,878,285.90, up from ¥159,416,838.68 in the same period of 2019, reflecting a growth of approximately 4.0%[22] - The net profit for Q3 2020 reached ¥28,907,057.19, compared to ¥18,150,362.15 in Q3 2019, indicating a year-over-year increase of about 59.8%[25] - The total profit for Q3 2020 was ¥33,623,880.03, up from ¥20,106,150.80 in Q3 2019, reflecting a growth of approximately 67.5%[26] - The total comprehensive income for Q3 2020 was ¥28,907,057.19, compared to ¥18,411,768.43 in Q3 2019, marking an increase of approximately 57.5%[25] - The total comprehensive income for the first three quarters of 2020 reached ¥53,240,197.22, compared to ¥43,957,007.83 in the same period of 2019, indicating a year-over-year increase of about 21.5%[27] Assets and Liabilities - Total assets decreased by 4.45% to CNY 3,305,178,432.85 compared to the end of the previous year[5] - The total assets decreased to ¥3.31 billion from ¥3.46 billion, indicating a decline in overall asset value[18] - The total liabilities decreased to ¥570 million from ¥754 million, reflecting a reduction in financial obligations[18] - The company's equity increased slightly to ¥2.74 billion from ¥2.70 billion, indicating a stable equity position despite the decrease in total assets[18] - Total current liabilities were approximately $173.85 million, with accounts payable at $65.84 million[39] - Total liabilities amounted to approximately $182.47 million, indicating manageable debt levels[39] Cash Flow - Cash flow from operating activities decreased by 3.21% to CNY 93,695,205.34[5] - Cash inflows from operating activities for the first nine months of 2020 amounted to ¥1,019,470,655.59, significantly higher than ¥565,655,515.29 in the previous year, reflecting an increase of approximately 80.0%[28] - The net cash flow from operating activities for the first three quarters of 2020 was ¥93,695,205.34, slightly down from ¥96,802,886.20 in the same period of 2019[28] - The company's cash flow from financing activities was -¥92,308,582.22 for the first nine months of 2020, compared to -¥37,920,575.25 in the same period of 2019, indicating a worsening in financing cash flow[29] - The cash and cash equivalents at the end of Q3 2020 stood at ¥961,020,252.98, up from ¥368,891,020.39 at the end of Q3 2019, representing an increase of approximately 160.0%[29] Shareholder Information - The total number of shareholders reached 58,577 by the end of the reporting period[8] - The largest shareholder, Xinyu Minjie Investment Management Co., Ltd., holds 22.82% of the shares[8] Investments and R&D - Research and development expenses for Q3 2020 were ¥9,795,657.60, up from ¥6,549,606.97 in Q3 2019, marking an increase of about 49.0%[23] - The company reported a significant increase in inventory, totaling approximately $53.59 million[38] - The company is focused on expanding its long-term investments, with $200.26 million in long-term receivables[38] Other Financial Metrics - The weighted average return on net assets increased by 0.67 percentage points to 2.10%[5] - The company reported non-recurring gains and losses totaling CNY 4,329,452.59 for the period from July to September[7] - The company has not disclosed any significant new product developments or market expansion strategies in this report[10]