QIANHE(SH:603027)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 63.67% to CNY 223,911,545.07 year-on-year[22] - Operating income rose by 31.45% to CNY 1,222,242,049.51 compared to the same period last year[22] - Basic earnings per share increased by 13.62% to CNY 0.3387[21] - Diluted earnings per share increased by 14.92% to CNY 0.3350[21] - The return on weighted average net assets increased by 2.68 percentage points to 12.61%[21] - The net profit excluding non-recurring gains and losses increased by 71.99% to CNY 219,942,629.76[22] - Total operating revenue for the first three quarters of 2020 was ¥1,222,242,049.51, a 32% increase from ¥929,780,806.95 in the same period of 2019[59] - The company reported a total profit of ¥79,098,640.25 for Q3 2020, compared to ¥58,586,321.04 in Q3 2019[62] - Net profit for Q3 2020 was ¥66,876,590.83, compared to ¥49,487,693.76 in Q3 2019, reflecting a 35% year-over-year growth[65] Cash Flow - Net cash flow from operating activities increased by 71.39% to CNY 297,188,815.67 year-to-date[18] - Cash flow from operating activities for the first three quarters of 2020 was ¥297,188,815.67, compared to ¥173,401,596.84 in the same period of 2019, indicating a growth of 71.5%[77] - Cash inflow from operating activities totaled approximately ¥1.24 billion in 2020, up from ¥894.92 million in 2019, indicating a growth of around 38%[79] - The net cash flow from investing activities was approximately -¥238.29 million in Q3 2020, compared to -¥76.79 million in Q3 2019, reflecting a significant increase in cash outflow[81] - The total cash outflow from investing activities reached approximately ¥968.85 million in Q3 2020, compared to ¥340.64 million in Q3 2019, marking an increase of about 185%[81] - The net cash flow from financing activities was -¥67.99 million in Q3 2020, a decrease from -¥174.28 million in Q3 2019, indicating an improvement in financing cash flow[81] Assets and Liabilities - Total assets increased by 7.26% to CNY 2,204,825,574.37 compared to the end of the previous year[18] - The company's total assets reached ¥2,123,429,984.92, up from ¥1,983,278,128.49 year-over-year[58] - Current assets totaled $1,031,146,458.39, compared to $954,194,718.91, reflecting an increase of about 8.1%[48] - Non-current assets rose to $1,173,679,115.98 from $1,101,376,890.17, marking a growth of approximately 6.6%[48] - Total liabilities decreased to $299,956,720.57 from $463,039,814.08, a reduction of about 35.3%[50] - Current liabilities amounted to $256,981,732.72, down from $275,327,325.40, indicating a decline of approximately 6.5%[50] - The company's equity increased to $1,904,868,853.80 from $1,592,531,795.00, showing a growth of around 19.6%[50] Research and Development - Research and development expenses increased to RMB 33,936,839.95, up 38.42% from RMB 24,516,515.73, indicating a significant rise in investment in innovation[35] - Research and development expenses increased significantly to ¥16,418,656.54 in Q3 2020, up 97.5% from ¥8,314,243.96 in Q3 2019[68] Shareholder Information - The total number of shareholders at the end of the reporting period was 50,098[30] - The total equity attributable to shareholders increased to ¥1,857,306,285.85, compared to ¥1,555,941,091.40 in the previous year[58] Government Subsidies - The company reported a government subsidy of CNY 4,006,006.61 year-to-date[23] - The company’s deferred income increased by 71.10% to RMB 33,084,338.96 from RMB 19,336,763.90, attributed to an increase in government subsidies received[35] Market Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[60]