JHM(SH:603078)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders rose by 29.40% to CNY 42,656,403.02 for the first nine months of the year[6] - Operating revenue for the first nine months increased by 12.19% to CNY 408,302,181.91 compared to the same period last year[6] - The net cash flow from operating activities increased by 40.32% to CNY 25,802,168.25 year-to-date[6] - Basic earnings per share increased by 5.13% to CNY 0.3174[7] - Total operating revenue for Q3 2020 was CNY 151,595,875.95, an increase of 9.8% compared to CNY 137,974,479.40 in Q3 2019[22] - Net profit for the first three quarters of 2020 reached CNY 408,302,181.91, compared to CNY 363,952,630.25 in the same period of 2019, marking an increase of 12.2%[22] - The net profit for Q3 2020 was CNY 20,409,257.63, representing an increase from CNY 16,742,779.22 in Q3 2019, which is a growth of approximately 22.5%[24] - The total profit for Q3 2020 reached CNY 23,912,894.05, compared to CNY 18,974,097.78 in the same period last year, marking a year-over-year increase of about 26.5%[24] - Total profit for the first three quarters of 2020 was CNY 52,764,347.12, a 35.4% increase from CNY 38,923,417.09 in the same period of 2019[28] Assets and Liabilities - Total assets increased by 15.99% to CNY 1,565,680,606.28 compared to the end of the previous year[6] - The company's total assets as of September 30, 2020, amounted to CNY 1,221,317,988.69, up from CNY 1,066,116,373.28 at the end of 2019, representing a growth of 14.6%[20] - The total liabilities increased to CNY 390,595,281.20 as of September 30, 2020, compared to CNY 269,183,243.75 at the end of 2019, indicating a rise of 45.0%[20] - Total liabilities reached CNY 560,147,676.26, with current liabilities at CNY 337,012,379.86 and non-current liabilities at CNY 223,135,296.40[37] - Total assets amounted to CNY 1,349,830,654.98, with current assets at CNY 604,418,388.34 and non-current assets at CNY 745,412,266.64[35] Shareholder Information - The total number of shareholders reached 22,067 by the end of the reporting period[9] - The largest shareholder, Yin Fuhua, holds 27.42% of the shares, totaling 38,923,894 shares[9] - Shareholders' equity totaled CNY 789,682,978.72, including paid-in capital of CNY 109,200,000.00 and retained earnings of CNY 321,124,485.87[37] Cash Flow - The company's cash inflow from operating activities for the first three quarters of 2020 was CNY 316,399,491.48, an increase of 41.5% compared to CNY 223,686,634.75 in the same period of 2019[30] - The net cash flow from operating activities was CNY 25,802,168.25, compared to CNY 18,387,896.88 in the first three quarters of 2019[30] - Cash received from sales increased by 42.39% to ¥309,846,457.58 from ¥217,611,052.39 due to business growth and improved cash collection management[12] - Cash paid for purchasing goods increased by 49.15% to ¥196,891,397.10 from ¥132,011,808.89 due to increased procurement driven by business growth[12] - The ending cash and cash equivalents balance was CNY 224,856,548.77, down from CNY 242,668,709.97 at the end of the same period in 2019[31] Research and Development - The company received government subsidies related to research and development amounting to CNY 5,425,424.67 year-to-date[8] - Research and development expenses for Q3 2020 were CNY 7,873,126.60, compared to CNY 6,204,091.21 in Q3 2019, an increase of 26.9%[22] - The company plans to continue investing in new product development and market expansion strategies to drive future growth[28] Operational Efficiency - Accounts receivable decreased by 92.41% to ¥1,213,301.00 from ¥15,988,995.46 due to payments made to suppliers[11] - Prepayments increased by 114.00% to ¥8,366,770.31 from ¥3,909,657.63 primarily due to increased advance payments for raw material procurement[11] - Other receivables decreased by 87.85% to ¥651,075.59 from ¥5,357,715.69 mainly due to the recovery of prior investment deposits[11] - Construction in progress increased by 53.00% to ¥473,615,999.82 from ¥309,561,883.81 due to planned increased investments in subsidiary projects[12] - Payables increased by 3400.04% to ¥87,172,545.22 from ¥2,490,615.20 due to business growth and increased procurement[12] - Tax payable increased by 760.87% to ¥5,538,040.93 from ¥643,306.73 due to increased revenue and profit leading to higher tax liabilities[12]