Three-V(SH:603033)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥118,445,769.66, a decrease of 33.37% year-on-year[18]. - Operating revenue for the first nine months was ¥1,074,276,799.29, down 12.78% from the same period last year[18]. - Basic earnings per share decreased by 34.88% to ¥0.28 compared to ¥0.43 in the same period last year[21]. - The net profit after deducting non-recurring gains and losses was ¥112,367,784.51, a decrease of 36.59% year-on-year[18]. - The company reported a significant increase in other receivables, which rose to ¥67,739,063.44 from ¥28,911,745.81, reflecting an increase of approximately 134%[37]. - The company reported a total profit of ¥44,017,791.64 for Q3 2020, down 52.7% from ¥93,094,664.48 in Q3 2019[55]. - The total comprehensive income for Q3 2020 was ¥25,146,038.87, compared to ¥71,507,126.24 in Q3 2019, indicating a significant decrease[57]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,859,554,414.23, an increase of 9.5% compared to the end of the previous year[18]. - Total liabilities reached ¥1,918,683,371.79, compared to ¥1,541,595,672.36, which is an increase of approximately 24.5%[40]. - Owner's equity totaled ¥2,940,871,042.44, up from ¥2,896,203,241.75, showing a growth of about 1.5%[42]. - Current assets totaled ¥1,879,990,046.04, slightly down from ¥1,888,343,270.09, indicating a decrease of about 2.4%[37]. - Non-current assets rose to ¥2,979,564,368.19 from ¥2,549,455,644.02, reflecting an increase of approximately 16.8%[37]. - Total cash and cash equivalents decreased by 38.61% to ¥295,891,385.74 from ¥481,992,954.71[30]. - Total liabilities increased to ¥964,429,980.44 in Q3 2020 from ¥811,688,059.55 in Q3 2019, representing an increase of 18.8%[48]. Cash Flow - The net cash flow from operating activities was ¥50,423,952.66, a significant improvement from a negative cash flow of ¥46,813,597.73 in the previous year[18]. - The net cash flow from operating activities for Q3 2020 was ¥80,144,426.26, compared to a negative cash flow of -¥38,810,891.42 in Q3 2019, indicating a significant improvement[70]. - Total cash inflow from operating activities reached ¥807,546,344.05, up from ¥666,442,514.73 in the same period last year, reflecting a growth of approximately 21%[70]. - The cash outflow for investing activities was ¥281,689,150.88, a decrease from ¥467,108,069.37 in Q3 2019, showing a reduction of about 40%[70]. - The cash inflow from investment activities was ¥71,077,562.41, a decrease from ¥228,787,690.91 in Q3 2019, reflecting a decline of approximately 69%[70]. Expenses and Costs - Financial expenses rose by 67.31% to ¥25,870,834.58 from ¥15,462,927.73 due to increased interest expenses from bank loans[30]. - The company reported a 30.96% increase in taxes and surcharges to ¥9,577,994.37 from ¥7,313,584.21[30]. - Research and development expenses for Q3 2020 were ¥5,390,875.75, slightly up from ¥5,096,926.09 in Q3 2019[52]. - The company’s financial expenses increased to CNY 8.58 million in Q3 2020, compared to CNY 3.29 million in Q3 2019, primarily due to higher interest expenses[60]. Strategic Position - The company has not disclosed any new product developments or market expansion strategies in this report[18]. - The company is positioned for future growth with a solid foundation of equity and manageable liabilities, enabling strategic investments and market opportunities[83]. - The company implemented new revenue recognition standards starting January 1, 2020, resulting in a reclassification of prepayments to contract liabilities amounting to 25,424,152.70[87]. - The adjustment for contract liabilities reflects a shift from previously reported prepayments, enhancing revenue recognition accuracy[87].