Huafon Aluminium(SH:601702)2020-10-21 16:00Financial Performance - Operating income for the first nine months rose by 8.58% to CNY 2,698,359,865.89 compared to the same period last year[5] - Net profit attributable to shareholders increased by 44.48% to CNY 152,770,037.65 compared to the same period last year[5] - Basic earnings per share rose by 35.71% to CNY 0.19 compared to the same period last year[6] - The company reported a net profit of $445.75 million for the first nine months of 2020, compared to $341.77 million in the same period of 2019, indicating a growth of about 30.4%[21] - The company reported a total profit of RMB 80.03 million in Q3 2020, compared to RMB 39.32 million in Q3 2019, marking a 103.5% increase[23] - The net profit for Q3 2020 was CNY 46,676,010.08, a significant increase compared to CNY 15,107,966.73 in Q3 2019, representing a growth of 208.5%[28] - The company reported a total profit of CNY 56,326,400.20 for Q3 2020, compared to CNY 17,446,059.52 in Q3 2019, which is an increase of 223.5%[27] Assets and Liabilities - Total assets increased by 18.78% to CNY 5,312,601,896.98 compared to the end of the previous year[5] - Current liabilities decreased to $1.97 billion from $2.38 billion, a reduction of about 17.2%[20] - Total liabilities decreased to $1.98 billion from $2.39 billion, a decline of about 17.0%[20] - Total assets increased to $4.37 billion as of September 30, 2020, compared to $3.78 billion at the end of 2019, reflecting a growth of approximately 15.6%[20] - The total assets of the company as of Q3 2020 amounted to RMB 4,472,617,010.53[35] - Total liabilities amounted to approximately ¥2,956,473,103.88, with total equity at ¥1,516,143,906.65, resulting in total assets of ¥4,472,617,010.53[36] Cash Flow - Net cash flow from operating activities surged by 154.25% to CNY 205,378,673.02 compared to the same period last year[5] - The net cash flow from operating activities for Q3 2020 was CNY 205,378,673.02, compared to CNY 80,779,041.25 in Q3 2019, marking an increase of 154.5%[31] - The company’s net cash increase for the quarter was RMB 58,896,038.07, compared to RMB 28,672,310.44 in Q3 2019[33] Shareholder Information - Net assets attributable to shareholders increased by 69.17% to CNY 2,564,850,496.73 compared to the end of the previous year[5] - The total number of shareholders at the end of the reporting period was 78,312[9] - The largest shareholder, Huafeng Group Co., Ltd., holds 55.14% of the shares[9] Investments and Expenses - Research and development expenses increased by 40.94% to ¥135,072,695.78 from ¥95,839,295.45, mainly due to new subsidiaries[14] - Research and development expenses in Q3 2020 amounted to RMB 51.45 million, a 46% increase from RMB 35.25 million in Q3 2019[22] - The company incurred financial expenses of CNY 24,215,134.14 in Q3 2020, compared to CNY 16,639,997.86 in Q3 2019, indicating an increase of 45.5%[27] Government Support - The company received government subsidies amounting to CNY 20,339,156.01 during the reporting period[7] Inventory and Prepayments - Inventory decreased to $729.47 million from $789.90 million, a decline of approximately 7.6%[19] - Prepayments rose by 270.46% to ¥169,900,332.77 from ¥45,862,201.89, attributed to increased order volume[13] Capital and Reserves - The capital reserve increased to $838.83 million from $203.28 million, reflecting a growth of approximately 313.5%[20] - The company reported a 344.87% increase in capital surplus to ¥819,842,123.83 from ¥184,289,172.00 due to new share issuance[13]