2020-10-30 16:00Financial Performance - Operating income rose by 81.23% to CNY 631,513,285.48 for the period from January to September[5] - Net profit attributable to shareholders increased by 53.19% to CNY 118,284,074.34 year-on-year[5] - The company reported a net profit of CNY 98,563,700.71 after deducting non-recurring gains and losses, up 61.34% year-on-year[5] - The company's net profit for the first nine months increased to RMB 473,508,745.76, a rise of 46.08% from RMB 324,137,555.97 in the same period last year[13] - The company's net profit attributable to shareholders for Q3 2020 was ¥42,619,280.03, compared to ¥36,788,021.80 in Q3 2019, representing an increase of approximately 5.5% year-over-year[26] - The net profit for the first nine months of 2020 was ¥28,424,089.87, compared to ¥26,861,994.36 for the same period in 2019, indicating a year-over-year increase of about 5.8%[29] Assets and Liabilities - Total assets increased by 26.93% to CNY 1,799,715,350.10 compared to the end of the previous year[5] - Current assets totaled RMB 897,743,517.80, up from RMB 640,664,749.31, indicating a year-over-year increase of about 40.0%[17] - Non-current assets reached RMB 901,971,832.30, compared to RMB 777,173,042.32, marking an increase of around 16.0%[17] - The total liabilities were RMB 829,538,902.47, compared to RMB 590,574,295.61, which is an increase of approximately 40.5%[18] - The company's total liabilities and equity amounted to RMB 1,799,715,350.10, consistent with the total assets, indicating a balanced financial position[19] - Total liabilities increased from RMB 590,574,295.61 to RMB 649,326,786.00, an increase of RMB 58,752,490.39[37] Shareholder Information - The total number of shareholders reached 17,882 by the end of the reporting period[9] - The top two shareholders, Feng Yuxia and Zhou Zhiwen, hold 28.27% and 15.55% of the shares, respectively[9] Cash Flow - Net cash flow from operating activities surged by 130.41% to CNY 224,084,428.91 for the first nine months[5] - The cash inflow from sales of goods and services of CNY 869,407,470.07 in the first three quarters of 2020, compared to CNY 414,445,908.96 in 2019, marking an increase of approximately 109.0%[31] - The ending cash and cash equivalents balance as of the end of the third quarter of 2020 was CNY 196,270,339.84, up from CNY 164,338,229.94 at the end of the same period in 2019, reflecting an increase of about 19.4%[32] Research and Development - Research and development expenses increased by 82.79% to RMB 48,885,489.44, reflecting the company's commitment to innovation[14] - Research and development expenses for Q3 2020 were ¥20,830,792.95, compared to ¥10,783,682.98 in Q3 2019, indicating an increase of approximately 93.5%[25] - Research and development expenses for Q3 2020 were ¥10,253,341.98, significantly higher than ¥3,655,808.20 in Q3 2019, reflecting an increase of approximately 180.5% year-over-year[28] Other Income and Comprehensive Income - Non-operating income for the period included government subsidies amounting to CNY 8,130,270.12[8] - The company experienced a significant increase in other comprehensive income, which rose by 1163.35% to RMB 34,753,662.75, mainly due to foreign currency translation differences[12] - The total comprehensive income for the first nine months of 2020 was ¥68,660,057.84, compared to ¥26,861,994.36 in the same period of 2019, indicating a substantial increase[30] Inventory and Accounts Receivable - Accounts receivable increased by 262.25% to RMB 1,745,407.70, primarily due to increased service payments during the period[11] - Inventory rose by 57.36% to RMB 343,881,218.15, mainly due to an increase in raw materials and unfinished projects[11] - Accounts receivable decreased by RMB 10,892,224.89, from RMB 106,368,459.63 to RMB 95,476,234.74[35] Goodwill and Intangible Assets - The acquisition of BIOMERE contributed to goodwill of RMB 130,772,418.07 and intangible assets of RMB 124,973,332.30[12] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[15]