SAFETY(SH:603028)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 251.17% to CNY 26,680,954.27 for the first nine months of the year[6] - Operating revenue for the first nine months rose by 7.15% to CNY 519,302,436.40 compared to the same period last year[6] - Basic earnings per share increased by 300.00% to CNY 0.12[6] - Net profit attributable to shareholders increased by 251.06% to ¥26,672,639.21 from ¥7,597,681.68, reflecting strong operational performance[12] - The company experienced a net profit of ¥26.67 million for the first three quarters of 2020, compared to ¥7.60 million in the same period of 2019, indicating a growth of 251.0%[24] - The total profit for Q3 2020 was CNY 21,944,494.81, compared to CNY 3,424,845.98 in Q3 2019, reflecting an increase of approximately 540%[26] Assets and Liabilities - Total assets increased by 28.61% to CNY 1,129,569,421.61 compared to the end of the previous year[6] - Total liabilities reached CNY 398,089,567.45, significantly higher than CNY 168,988,537.76, reflecting an increase of around 135.5%[17] - Non-current assets totaled CNY 653,686,894.42, compared to CNY 429,743,774.49 in the previous year, marking a rise of about 52.2%[16] - Current liabilities rose to CNY 298,461,379.43 from CNY 159,067,731.54, an increase of approximately 87.8%[16] - The total assets amounted to 878,319,669.96 RMB, slightly down from 878,476,578.74 RMB, reflecting a decrease of about 0.02%[34] - The total liabilities stood at 168,988,537.76 RMB, unchanged from the previous year, indicating stability in the company's debt levels[35] Cash Flow - Net cash flow from operating activities decreased by 110.67% to -CNY 8,007,137.49 for the first nine months[6] - The company reported a net cash outflow from investment activities of -¥158,250,376.15, a significant increase from -¥12,902,361.03 in the previous period due to equity acquisitions[12] - The company experienced a net cash outflow from operating activities of CNY -8,007,137.49 in the first nine months of 2020, a decline from a net inflow of CNY 75,064,944.31 in the same period of 2019[27] - The net cash flow from operating activities was -14,858,670.41 RMB, a significant decrease compared to 84,015,260.69 RMB in the previous year, indicating a decline of approximately 117.7%[31] - The total cash outflow from investing activities was 164,171,326.49 RMB, up from 39,669,633.41 RMB, representing an increase of about 314.5%[31] Shareholder Information - The total number of shareholders reached 16,772 by the end of the reporting period[8] - The largest shareholder, Suzhou Wuzhong Rongtai Holdings Co., Ltd., holds 28.91% of the shares[8] Research and Development - Research and development expenses increased to ¥9.55 million in Q3 2020, a 69.5% rise from ¥5.64 million in Q3 2019[23] - Research and development expenses for Q3 2020 were CNY 7,919,086.37, compared to CNY 4,513,916.47 in Q3 2019, reflecting a 75% increase, highlighting the company's commitment to innovation[26] Operational Changes - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company expects significant changes in cumulative net profit compared to the previous year due to increased sales orders and the recent acquisition[12] Financial Ratios - The weighted average return on equity increased by 2.62 percentage points to 3.71%[6] - Financial expenses decreased by 72.99% to ¥1,472,309.64, attributed to reduced financing activities[12]