Inform(SH:603066)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 453,187,195.71, a decrease of 9.63% year-on-year[6] - Net profit attributable to shareholders increased by 6.84% to CNY 77,240,149.36 compared to the same period last year[6] - Basic and diluted earnings per share were CNY 0.2569, an increase of 7.04% compared to the previous year[7] - Sales revenue for the period was RMB 489,867,490.29, a 39.38% increase compared to RMB 351,463,886.05 in the same period last year[14] - The company reported a total profit of ¥19,287,289.07 for Q3 2020, compared to ¥16,907,523.43 in Q3 2019, reflecting an increase of about 8.2%[25] - The company's operating profit for the first three quarters of 2020 was ¥78,613,244.90, down from ¥85,380,142.69 in the same period of 2019, a decline of about 7.5%[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,438,765,087.35, a decrease of 1.27% compared to the end of the previous year[6] - Total assets decreased by 63.22% from the previous period, with cash and cash equivalents at RMB 144,358,776.36, accounting for 10.03% of total assets[12] - Total liabilities decreased from ¥478,464,600.12 to ¥416,682,730.07, a decline of 12.93%[18] - The company's total equity increased from ¥978,839,494.43 to ¥1,022,082,357.28, an increase of 4.43%[18] - The total liabilities as of Q3 2020 amounted to ¥452,594,747.34, a decrease from ¥492,741,652.76 in the previous year[22] - The company's total liabilities reached CNY 478,464,600.12, indicating a stable financial position[38] Cash Flow - Net cash flow from operating activities was CNY 90,873,373.41, a significant increase of 257.09% compared to the same period last year[6] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 507.43 million, up from CNY 387.86 million in the same period of 2019, representing a 30.8% increase[30] - Net cash flow from operating activities for Q3 2020 was CNY 106.54 million, compared to a net outflow of CNY 232.58 million in Q3 2019, indicating a significant turnaround[34] - Total cash inflow from investment activities in the first three quarters of 2020 was CNY 709.43 million, slightly higher than CNY 674.53 million in the same period of 2019[31] - The ending cash and cash equivalents balance for Q3 2020 was CNY 30.81 million, down from CNY 21.57 million in Q3 2019[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,834[10] - The top ten shareholders held a total of 29.99% and 23.51% of shares respectively[10] Research and Development - The company has not disclosed any new product or technology developments in this report[5] - Research and development expenses for Q3 2020 were ¥6,678,763.17, compared to ¥5,845,065.51 in Q3 2019, marking an increase of approximately 14.3%[24] - The company has plans for market expansion and new product development, although specific details were not disclosed in the financial report[19] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[23] Other Financial Metrics - Financial expenses rose by 440.34% to RMB 1,519,670.73 due to interest payments on short-term bank loans[14] - Investment income decreased by 38.75% to RMB 4,169,934.05, primarily due to losses from joint ventures[14] - The company reported a credit impairment loss of ¥4,385,458.81 in Q3 2020, compared to a loss of ¥1,031,001.36 in Q3 2019, reflecting an increase in credit risk[27] - The income tax expense for Q3 2020 was ¥1,634,977.51, down from ¥2,466,613.38 in Q3 2019, a decrease of approximately 33.7%[28]