Perfect(SH:603059)2020-10-23 16:00Financial Performance - Net profit attributable to shareholders decreased by 17.68% to CNY 71,935,380.77 for the first nine months of the year[5] - Operating revenue for the first nine months was CNY 590,694,543.48, a decrease of 2.03% year-on-year[5] - Basic earnings per share decreased by 17.24% to CNY 0.72[5] - The weighted average return on equity decreased by 2.40 percentage points to 7.18%[5] - The company reported a net loss of CNY 365,644.11 from the disposal of non-current assets in the third quarter[6] - Total revenue for Q3 2020 was CNY 231,836,501.81, an increase of 8.3% compared to CNY 214,270,246.62 in Q3 2019[23] - Net profit for the first three quarters of 2020 was CNY 16,754,377.62, a decrease of 10.9% from CNY 18,825,676.23 in the same period of 2019[23] - Q3 2020 net profit reached CNY 22.84 million, down from CNY 32.89 million in Q3 2019, representing a decline of 30.5%[26] - The total profit for Q3 2020 was CNY 36,701,601.95, slightly down from CNY 37,386,550.54 in Q3 2019, reflecting a decrease of about 1.8%[28] Assets and Liabilities - Total assets increased by 9.02% to CNY 1,299,922,144.53 compared to the end of the previous year[5] - Total assets reached RMB 1,299,922,144.53, up from RMB 1,192,347,439.15, reflecting overall growth[16] - Total liabilities increased to RMB 278,015,742.72 from RMB 220,117,186.28, indicating a rise in financial obligations[17] - Total liabilities increased to CNY 133,919,428.18 from CNY 119,934,959.71, marking an increase of 11.6%[21] - The company reported a total asset value of RMB 1,192,347,439.15 as of September 30, 2020, unchanged from the previous year[37] - Total liabilities amounted to RMB 220,117,186.28, remaining stable compared to the previous year[38] Cash Flow - Net cash flow from operating activities increased by 34.21% to CNY 110,397,585.59 compared to the same period last year[5] - Operating cash flow net amount increased by 34.21% to RMB 110,397,585.59 from RMB 82,257,765.23, primarily due to reduced cash payments for materials[12] - The net cash flow from operating activities for the first nine months of 2020 was CNY 110,397,585.59, compared to CNY 82,257,765.23 in the same period of 2019, showing an increase of approximately 34.2%[32] - The net cash inflow from operating activities was RMB 6,827,673.72, indicating a decline in operational efficiency compared to the previous year[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,326[9] - The largest shareholder, Zhang Wensheng, holds 63% of the shares[9] Investment and R&D - Research and development expenses grew by 36.68% to RMB 11,162,853.31 from RMB 8,167,352.93, indicating a focus on new product and technology development[12] - The company reported R&D expenses of CNY 5,034,144.30 for Q3 2020, compared to CNY 3,008,146.40 in Q3 2019, reflecting a 67.2% increase[23] - R&D expenses for Q3 2020 were CNY 1.07 million, an increase of 94.4% compared to CNY 0.55 million in Q3 2019[27] Comprehensive Income - Other comprehensive income decreased significantly by 793.83% to -RMB 1,974,634.21 from RMB 284,597.62, mainly due to changes in equity method investments[12] - The total comprehensive income for Q3 2020 was CNY 21.30 million, compared to CNY 32.89 million in Q3 2019, reflecting a decrease of 35.1%[26] - The total comprehensive income for Q3 2020 was CNY 35,496,093.72, compared to CNY 33,684,435.96 in Q3 2019, indicating an increase of approximately 5.4%[29] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[27] - The company plans to adjust its accounting policies in accordance with the new revenue recognition standards effective from January 1, 2020[39]