NHPM(SH:601882)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders rose by 73.68% to CNY 89,566,533.81 year-on-year[18] - Basic earnings per share increased by 73.68% to CNY 0.1716[20] - Net profit after deducting non-recurring gains and losses surged by 115.38% to CNY 71,738,738.55 compared to the same period last year[18] - Total operating revenue for Q3 2020 reached ¥430,894,676.90, a 41.1% increase from ¥305,109,957.45 in Q3 2019[55] - Net profit attributable to shareholders for Q3 2020 was ¥36,006,537.78, up 120.5% from ¥16,347,313.74 in Q3 2019[58] - The company's operating revenue for Q3 2020 was CNY 434,591,327.50, a 43.2% increase from CNY 303,473,596.01 in Q3 2019[65] - The net profit for Q3 2020 reached CNY 44,107,286.46, compared to CNY 22,273,686.04 in the same period last year, representing a 97.5% year-over-year growth[68] Revenue and Sales - Operating revenue for the first nine months increased by 34.54% to CNY 1,106,580,493.17 compared to the same period last year[18] - Operating revenue grew by 34.54%, reaching CNY 1,106,580,493.17 compared to CNY 822,490,862.93 in the same period last year[29] - Sales expenses increased by 54.14%, from CNY 55,902,919.34 to CNY 86,171,002.54, driven by rapid growth in overseas sales and higher service fees[29] Assets and Liabilities - Total assets increased by 19.84% to CNY 2,630,948,055.89 compared to the end of the previous year[18] - Total liabilities amounted to CNY 1,280,360,693.85, up from CNY 910,844,334.11, which is an increase of approximately 40.5%[46] - Current assets totaled CNY 1,960,281,581.65, up from CNY 1,469,663,199.36, indicating a year-over-year increase of about 33.4%[40] - Inventory increased to CNY 777,084,530.06 from CNY 619,394,427.49, reflecting a growth of approximately 25.5%[40] - The company reported a significant increase in accounts payable, which rose to CNY 354,322,998.59 from CNY 234,464,753.24, reflecting a growth of about 51.1%[44] Cash Flow - Net cash flow from operating activities decreased by 5.63% to CNY 176,689,929.83 year-on-year[18] - The net cash flow from investing activities improved by 170.80%, from CNY -122,810,722.37 to CNY 86,944,825.17, mainly due to the maturity of financial products[29] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 1,205,543,948.43, an increase of 17.99% compared to CNY 1,021,698,786.13 in the same period of 2019[71] - Cash inflow from investment activities totaled CNY 393,254,196.18 in the first three quarters of 2020, compared to CNY 178,271,263.88 in the same period of 2019, representing a significant increase[74] Shareholder Equity - The company's equity attributable to shareholders reached CNY 1,350,587,362.04, compared to CNY 1,284,540,089.10, showing a growth of about 5.1%[46] - Total equity increased to ¥1,355,272,889.93 from ¥1,260,962,148.51, reflecting a growth of 7.5%[55] Other Financial Metrics - The weighted average return on net assets increased by 2.66 percentage points to 6.80%[20] - The gross profit margin for Q3 2020 was approximately 11.0%, compared to 9.0% in Q3 2019[55] - The company reported a financial expense of CNY 4,471,887.34 in Q3 2020, compared to a financial income of CNY 4,104,040.07 in Q3 2019[65] Changes in Accounting Standards - The company adopted new revenue recognition standards starting January 1, 2020, adjusting prepayments to contract liabilities[86] - The company reported a decrease in prepayments by CNY 338,506,404.88 due to the reclassification to contract liabilities[85] - Contract liabilities were recorded at approximately $333.95 million, reflecting a shift in accounting standards[92]