Chuangli Group(SH:603012)2020-10-27 16:00Financial Performance - Revenue for the first nine months was ¥1,654,675,453.89, up 4.75% from the same period last year[7]. - Net profit attributable to shareholders rose by 17.47% to ¥257,248,121.35[7]. - Basic earnings per share increased by 17.65% to ¥0.40[9]. - Total operating revenue for Q3 2020 was CNY 573,824,947.57, a decrease of 1.37% compared to CNY 579,620,680.66 in Q3 2019[36]. - Net profit for Q3 2020 was CNY 86,411,783.05, down 8.73% from CNY 94,253,377.92 in Q3 2019[38]. - The total profit for the first three quarters of 2020 was CNY 202,815,398.55, down 1.1% from CNY 206,100,074.14 in the same period of 2019[43]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,436,873,663.74, a slight increase of 0.29% compared to the end of the previous year[7]. - Total liabilities decreased to CNY 2,353,771,003.94 from CNY 2,581,203,446.21, indicating a reduction of approximately 8.8%[31]. - The company's total assets were reported at CNY 5,421,412,777.34[51]. - Total liabilities reached approximately $1.51 billion, with current liabilities accounting for about $1.44 billion[56]. - The company has a deferred tax asset of approximately $61 million and a long-term liability of about $42 million[56]. Shareholder Information - The total number of shareholders reached 44,292 at the end of the reporting period[12]. - The top ten shareholders held a combined 56.14% of the company's shares, with Shanghai Jusheng Investment Co., Ltd. holding 10.42%[12]. - Shareholders' equity rose to CNY 3,083,102,659.80, up from CNY 2,840,209,331.13, marking an increase of about 8.5%[32]. Cash Flow and Investments - Operating cash flow for the first nine months was ¥114,579,995.65, representing a significant increase of 49.75% year-on-year[7]. - The net cash flow from operating activities for the first three quarters of 2020 was CNY 91,635,687.04, down 30.9% from CNY 132,863,013.47 in the first three quarters of 2019[47]. - The total cash outflow from investing activities in the first three quarters of 2020 was CNY 1,127,391,829.50, an increase of 45.4% compared to CNY 775,472,496.24 in the same period of 2019[47]. - The cash inflow from financing activities in the first three quarters of 2020 was CNY 240,488,676.81, a decrease of 44.4% compared to CNY 433,000,000.00 in the same period of 2019[48]. Expenses and Costs - The company’s tax expenses increased by 35.90% to RMB 11,261,917.34, attributed to higher property taxes[22]. - Total operating costs for Q3 2020 were CNY 488,610,740.46, an increase of 4.67% from CNY 467,305,013.21 in Q3 2019[37]. - Research and development expenses for Q3 2020 were CNY 23,306,853.59, an increase of 6.64% compared to CNY 21,847,360.68 in Q3 2019[37]. Future Plans - The company plans to expand its market presence and invest in new technologies, although specific figures were not disclosed in the report[26]. - The company plans to continue focusing on R&D and market expansion strategies to drive future growth[36]. - The company plans to continue focusing on R&D and market expansion to drive future growth[42]. Other Financial Metrics - The weighted average return on net assets improved by 1.94 percentage points to 9.48%[9]. - The company reported a significant increase in prepayments, totaling RMB 135,292,283.20, which is a 138.49% increase compared to the previous year[17]. - Other income rose by 84.35% to RMB 26,800,256.02, mainly from government subsidies for new energy vehicles[22].