CHINA SATCOM(SH:601698)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥335,800,941.73, representing a year-on-year increase of 9.68%[5] - Operating revenue for the period was ¥1,909,271,609.49, a decrease of 1.17% compared to the same period last year[5] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 11.73% year-on-year, totaling ¥260,412,622.77[5] - Basic earnings per share increased to ¥0.0840, up by 2.44% from the previous year[7] - The company reported a significant increase in development expenditure to ¥89,495,605.55 from ¥56,135,298.47, a growth of 59.20%[25] - Net profit for Q3 2020 reached CNY 182,595,665.80, up from CNY 123,009,153.89 in Q3 2019, reflecting a growth of approximately 48.4%[31] - Net profit for Q3 2020 reached ¥128.91 million, up from ¥108.21 million in Q3 2019, representing a growth of 19.5%[36] Cash Flow - The net cash flow from operating activities was ¥1,145,138,409.12, down by 0.50% year-on-year[5] - The cash inflow from sales of goods and services in Q3 2020 was CNY 1,063,244,917.15, an increase of 18.38% compared to CNY 898,173,083.54 in Q3 2019[41] - The cash flow from operating activities in Q3 2020 showed a net increase of CNY 773,004,359.42, compared to CNY 691,569,493.63 in Q3 2019, reflecting a growth of approximately 11.76%[41] - The total cash inflow from operating activities for the first three quarters of 2020 was CNY 1,651,956,430.51, down from CNY 1,706,867,171.00 in 2019, representing a decrease of approximately 3.22%[38] Assets and Liabilities - Total assets at the end of the reporting period reached ¥18,377,662,657.67, an increase of 1.21% compared to the end of the previous year[5] - Total liabilities increased to ¥2,930,847,815.71 from ¥2,847,380,543.38, an increase of 2.93%[25] - Current liabilities rose to ¥1,994,545,797.98, up from ¥1,877,753,532.30, indicating an increase of 6.23%[25] - Cash and cash equivalents increased to ¥3,188,741,988.37 from ¥2,751,383,971.57, reflecting a growth of 15.88%[27] - Accounts receivable at the end of the period stood at CNY 718.18 million, a significant increase of 128.29% year-on-year, attributed to seasonal variations in collections[17] Research and Development - R&D expenses for the period reached CNY 39.65 million, an increase of 21.04% year-on-year due to increased investment in research and development[14] - Research and development expenses for Q3 2020 were CNY 19,187,178.66, significantly higher than CNY 10,330,206.57 in Q3 2019, marking an increase of about 85.5%[30] - Research and development expenses in Q3 2020 were ¥16.10 million, a significant increase of 87.8% from ¥8.58 million in Q3 2019[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 107,731[10] - The largest shareholder, China Aerospace Science and Technology Corporation, holds 79.73% of the shares[10] - The company plans to distribute a cash dividend of CNY 0.11 per 10 shares, totaling CNY 44 million, following the approval of the profit distribution plan by the shareholders' meeting[20] Other Income and Expenses - The company received government subsidies amounting to ¥17,425,712.50 related to normal business operations[8] - Other income amounted to CNY 27.13 million, representing a year-on-year growth of 83.53%, primarily due to an increase in government subsidies related to daily activities[15] - The company reported a decrease in sales expenses by 28.87% to CNY 27.30 million, mainly due to the cancellation or postponement of certain marketing activities[15] - The company experienced a foreign currency translation loss of ¥124.16 million in Q3 2020, compared to a gain of ¥50.75 million in Q3 2019[33]