HFM(SH:603011)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders rose by 72.69% to CNY 27,653,720.24 year-on-year[7] - Operating income for the first nine months reached CNY 541,939,809.42, reflecting a growth of 7.19% compared to the same period last year[7] - The company reported a significant increase in net profit from recurring operations, rising to CNY 10,516,822.59, a year-on-year increase of 1,259.79%[7] - The company's net profit for the first three quarters of 2020 was ¥541,939,809.42, compared to ¥505,592,459.25 in the same period of 2019, indicating a growth of 7.2%[22] - The net profit for Q3 2020 reached CNY 4,551,670.95, compared to a net loss of CNY 7,370,529.77 in Q3 2019, indicating a turnaround in profitability[28] - The total profit for Q3 2020 was CNY 5,473,752.83, recovering from a loss of CNY 7,530,792.04 in the same period last year[28] - The company's operating profit for Q3 2020 was CNY 5,472,532.83, a significant improvement from a loss of CNY 7,503,373.25 in Q3 2019[28] - The total comprehensive income for Q3 2020 was CNY 33,682,888.88, compared to CNY 11,850,381.94 in Q3 2019, showing a substantial increase[25] Assets and Liabilities - Total assets increased by 7.68% to CNY 2,705,000,086.36 compared to the end of the previous year[7] - Total liabilities increased to ¥1,014,177,903.44, up from ¥836,106,592.17[17] - The total assets of the company reached ¥2,114,218,794.20 as of September 30, 2020, compared to ¥2,039,229,985.83 at the end of 2019, reflecting a growth of 3.7%[20] - The company's total liabilities rose to ¥666,936,534.09, up from ¥567,220,893.13 at the end of 2019, representing a 17.5% increase[20] - The company’s total liabilities to total assets ratio is approximately 27.9%, indicating a relatively low leverage position[44] Cash Flow - The net cash flow from operating activities decreased by 133.60% to -CNY 22,936,162.91 compared to the previous year[7] - The net cash flow from operating activities for the first three quarters of 2020 was -22,936,162.91 RMB, compared to -9,818,582.74 RMB in the same period of 2019, indicating a decline in operational performance[31] - Total cash inflow from operating activities was 709,613,241.48 RMB, up from 594,501,942.77 RMB year-over-year, reflecting a growth of approximately 19.3%[31] - The company reported a net cash flow from investing activities of 78,489,573.44 RMB, a significant improvement from -88,716,809.04 RMB in the previous year[32] - Cash and cash equivalents at the end of the period increased to 134,644,233.79 RMB, compared to 70,227,310.52 RMB at the end of the same period in 2019, marking an increase of approximately 91.8%[32] - The net cash flow from operating activities was -38,307,119.54 RMB, a significant decrease compared to 321,520.09 RMB in the previous year[35] Shareholder Information - The total number of shareholders reached 22,264 by the end of the reporting period[8] - The largest shareholder, Yan Jianwen, holds 32.76% of the shares, with 19,390,000 shares pledged[8] - The total equity attributable to shareholders was 1,676,320,763.70 RMB, indicating stability in shareholder value[39] Investments and Expenses - Financial expenses rose by 155.80% to ¥15,206,845.51, mainly due to an increase in bank loans[11] - Investment income increased by 136.42% to ¥7,961,680.91, primarily due to increased returns from bank financial products[11] - Research and development expenses for Q3 2020 were ¥10,592,062.27, down 35.5% from ¥16,395,015.43 in Q3 2019[22] - Research and development expenses for Q3 2020 were CNY 2,015,074.07, down from CNY 7,999,097.08 in Q3 2019, reflecting a reduction of approximately 74.8%[28] Changes in Financial Position - Cash and cash equivalents increased by 51.60% to ¥180,926,642.02, primarily due to the maturity of financial products[11] - Trade financial assets decreased by 39.46% to ¥140,005,375.13, mainly due to a reduction in bank financial products[11] - Accounts receivable increased by 81.28% to ¥87,461,464.81, primarily due to the endorsement of receivables not yet confirmed[11] - Prepayments increased by 123.89% to ¥55,972,405.73, mainly due to an increase in advance payments for materials[11] - Long-term prepaid expenses increased significantly by 1965.93% to ¥2,456,782.00, primarily due to new factory rental amortization[11]