DEPPON(SH:603056)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company was RMB 296.48 million, a significant increase of 165.82% year-on-year[10] - Operating revenue for the first nine months was RMB 18.95 billion, up 2.74% from the same period last year[10] - The express delivery business generated RMB 4.45 billion in revenue for Q3, a year-on-year increase of 21.97%[17] - Total operating revenue for Q3 2020 reached ¥7,333,827,774.45, an increase of 11.8% compared to ¥6,555,135,390.01 in Q3 2019[63] - Net profit for Q3 2020 was ¥141,384,465.08, compared to ¥6,045,988.64 in Q3 2019, indicating a significant increase[65] - The company reported a total comprehensive income of ¥162,654,465.08 for Q3 2020, compared to ¥6,045,988.64 in Q3 2019[66] - The net profit for the first three quarters of 2020 was ¥447,197,207.88, down 35.9% from ¥697,678,238.28 in the same period of 2019[71] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 10.36 billion, an increase of 14.10% compared to the end of 2019[10] - Total liabilities to total assets ratio was 58.13%, up 2.81 percentage points from the end of 2019, indicating a stable debt structure[14] - The company’s total liabilities increased, with accounts payable rising by 37.81% to CNY 180,189,394.00, driven by expanded capital expenditures[35] - Total liabilities increased to ¥6,021,316,206.13, up from ¥5,022,309,612.27, representing a growth of approximately 19.9% year-over-year[55] - The company's current liabilities totaled RMB 5,637,736,802.00, up from RMB 4,665,529,985.93 in the previous year[52] - The company’s estimated liabilities increased by 78.36% to CNY 22,039,851.55, mainly due to the recognition of estimated liabilities from pending litigation[37] Cash Flow and Liquidity - Operating cash flow for the first nine months was RMB 1.22 billion, a significant turnaround from a negative cash flow of RMB 28.95 million in the previous year[10] - Cash and cash equivalents at the end of the period reached CNY 2,088,719,424.22, reflecting a 58.54% increase from CNY 1,317,453,527.68 at the end of the previous year[32] - The company reported a net cash flow from operating activities of CNY 1,220,425,077.61, a significant increase of 4,314.92% compared to the previous year[38] - The total cash and cash equivalents at the end of the period reached 1,886,558,864.74 RMB, compared to 1,335,877,231.77 RMB at the end of the same period last year, marking an increase of approximately 41.2%[78] - The company reported a net increase in cash and cash equivalents of 779,368,890.03 RMB, compared to a decrease of -1,251,779,934.65 RMB in the same period last year[78] Expenses - Period expenses totaled RMB 877 million in Q3, an increase of 46.97% year-on-year, primarily due to higher management costs[19] - Research and development expenses decreased by 45.67% to CNY 35,909,011.42, mainly due to a reduction in R&D projects[38] - Research and development expenses decreased to ¥11,449,789.19 in Q3 2020 from ¥31,319,722.36 in Q3 2019, a reduction of 63.5%[63] - The company’s financial expenses for the first three quarters of 2020 were ¥53,194,149.55, down 18.4% from ¥65,223,588.52 in the same period of 2019[69] Shareholder Equity - Total equity attributable to shareholders rose to ¥4,338,445,521.44 from ¥4,055,672,170.27, showing an increase of about 7.0% year-over-year[55] - Unappropriated profits increased to ¥2,809,679,852.20 from ¥2,541,781,551.27, representing a growth of approximately 10.5%[55] - The company has an undistributed profit of approximately $2.22 billion[90] Regulatory and Compliance - The company has implemented new revenue recognition standards since January 1, 2020, aligning with regulatory requirements[86] - The company has not made retrospective adjustments to comparative financial statements under the new revenue standards effective from January 1, 2020[92] - The company has not applied the new leasing standards retrospectively[92]