GOODIX(SH:603160)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 35.75% to CNY 1,100,082,610.16 year-to-date[5] - Basic earnings per share decreased by 36.13% to CNY 2.44 compared to the same period last year[5] - The company anticipates a significant decline in net profit for the year due to the impact of COVID-19, projecting a year-on-year decrease of 35.75%[20] - Net profit for the first three quarters of 2020 was ¥5,296,944,813.34, compared to ¥4,666,387,242.29 in the same period of 2019, reflecting a growth of 13.5%[27] - The net profit for Q3 2020 was ¥429,383,566.39, compared to ¥689,121,515.10 in Q3 2019, reflecting a decrease of 37.6%[33] Revenue and Costs - Operating revenue for the first nine months rose by 9.62% to CNY 5,128,237,726.45 compared to the same period last year[5] - Total operating revenue for Q3 2020 reached ¥2,072,141,254.14, a 15.7% increase from ¥1,791,505,503.91 in Q3 2019[29] - The company’s gross profit margin was impacted by a 36.74% increase in operating costs, which reached RMB 2,471,362,738.93[13] - Total operating costs for Q3 2020 were ¥1,680,002,420.96, up 46.7% from ¥1,145,007,701.79 in Q3 2019[29] - The gross profit margin for Q3 2020 was approximately 49.2%, compared to 60.3% in Q3 2019, indicating a decline in profitability[32] Assets and Liabilities - Total assets increased by 17.27% to CNY 9,204,220,288.99 compared to the end of the previous year[5] - The total liabilities of the company as of September 30, 2020, were CNY 1,761,675,572.62, up from CNY 1,409,358,144.96, reflecting an increase of approximately 25%[24] - The company reported a significant increase in non-current assets, which totaled CNY 3,243,043,100.95, compared to CNY 1,357,553,434.34, a growth of approximately 138.0%[23] - The company’s total current assets were reported at 6,491,229,103.36 RMB, reflecting stable liquidity[43] Shareholder Information - The total number of shareholders reached 95,075 by the end of the reporting period[9] - The largest shareholder, Zhang Fan, holds 45.08% of the shares, totaling 206,296,376 shares[9] - The equity attributable to shareholders increased to CNY 7,442,541,699.71 from CNY 6,439,424,033.10, representing a growth of about 15.6%[24] Research and Development - Research and development expenses surged by 78.95% to RMB 1,289,326,234.98, driven by an increase in R&D personnel and projects[14] - Research and development expenses in Q3 2020 amounted to ¥454,723,333.50, a significant increase of 73% compared to ¥262,697,692.85 in Q3 2019[29] - The company has committed to continuous investment in new product development, which has led to increased R&D expenses during the reporting period[20] Cash Flow - Net cash flow from operating activities dropped significantly by 91.50% to CNY 152,038,761.68 year-to-date[5] - Cash flow from operating activities for the first three quarters of 2020 was CNY 5.65 billion, up from CNY 5.56 billion in the same period of 2019[39] - The company reported a significant increase in cash received from tax refunds, totaling CNY 432.41 million in Q3 2020, compared to CNY 348.12 million in Q3 2019[37] Guarantees and Financing - The company provided a total guarantee amount of RMB 45,006,015.15, which accounts for 0.60% of the company's net assets[17] - The company plans to provide a guarantee of up to RMB 200 million for its subsidiary, which includes various financing activities such as working capital loans and trade financing[18] - The company executed the new revenue recognition standard starting January 1, 2020, which impacted the initial retained earnings and related financial statement items[45]