CASHWAY(SH:603106)2020-10-29 16:00Financial Performance - Operating revenue increased by 20.67% to CNY 626,637,986.41 for the first nine months compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 11,823,765.62, a significant improvement from a loss of CNY 28,751,376.15 in the previous year[6]. - The company reported a net profit margin of approximately 5.0% for the first three quarters of 2020, compared to 4.5% in the same period of 2019[23]. - The net profit for the first three quarters of 2020 was -5,033,464.02 RMB, compared to -26,632,546.43 RMB in the same period of 2019, showing an improvement[28]. - Net profit for Q3 2020 was approximately -¥7.97 million, compared to a net loss of -¥27.87 million in Q3 2019[25]. - Basic earnings per share for Q3 2020 was -¥0.0199, an improvement from -¥0.070 in Q3 2019[26]. Assets and Liabilities - Total assets decreased by 11.38% to CNY 2,402,795,961.83 compared to the end of the previous year[6]. - Total liabilities decreased to ¥411,957,231.37 from ¥734,060,981.06[16]. - Total assets as of September 30, 2020, amounted to ¥2,437,387,572.31, down from ¥2,658,813,052.89 at the end of 2019, representing a decline of 8.3%[20]. - The company's total equity increased to ¥1,612,497,918.18 in Q3 2020, compared to ¥1,596,561,726.32 in Q3 2019, reflecting a growth of 1.0%[20]. - The company’s total current assets were 2,325,575,274.37 RMB, while total non-current assets were 385,707,360.85 RMB[36]. Cash Flow - The net cash flow from operating activities was negative at CNY -387,109,763.91 for the first nine months, worsening from CNY -234,441,773.51 in the previous year[6]. - The net cash flow from operating activities for the first three quarters of 2020 was -387,109,763.91 RMB, worsening from -234,441,773.51 RMB in the same period of 2019[30]. - The total operating cash inflow for the first three quarters of 2020 was 728,013,546.42 RMB, compared to 544,354,054.82 RMB in 2019, reflecting an increase of approximately 33.8%[29]. - The total operating cash outflow for the first three quarters of 2020 was 1,115,123,310.33 RMB, compared to 778,795,828.33 RMB in 2019, which is an increase of about 43.3%[29]. - The net cash flow from investment activities improved to 113,286,495.79 RMB from 19,907,576.69 RMB, marking a significant increase of approximately 469.5%[32]. Shareholder Information - The total number of shareholders at the end of the reporting period was 31,272[11]. - The largest shareholder, Hengrong Investment Group Co., Ltd., holds 46.43% of the shares[11]. Investments and Expenditures - Long-term equity investments increased by 71.47% to ¥8,000,000.00 from ¥4,665,609.39 primarily due to investments in subsidiaries[12]. - Construction in progress rose by 70.63% to ¥51,338,453.47 from ¥30,087,551.03 due to increased investment in new factory construction[12]. - The company has ongoing construction projects valued at approximately $30.09 million[40]. Government Support - Government subsidies recognized in the first nine months amounted to CNY 6,549,873.65[9]. - Other income decreased by 68.36% to ¥12,332,447.49 from ¥38,978,264.58 primarily due to a reduction in government subsidies received[13]. Future Plans - The company has plans for market expansion and new product development in the upcoming quarters, focusing on enhancing technological capabilities[23].