GUILIN FUDA (SH:603166)2020-10-20 16:00Financial Performance - Net profit attributable to shareholders increased by 60.79% to CNY 132,115,313.22 for the first nine months of the year[7]. - Operating income rose by 17.54% to CNY 1,259,025,873.05 year-on-year[7]. - Basic earnings per share increased by 57.14% to CNY 0.22 per share[7]. - The weighted average return on equity increased by 2.20 percentage points to 6.10%[7]. - Net profit increased by 60.79% to ¥132,115,313.22, driven by an increase in operating income[12]. - Net profit for the first three quarters of 2020 was ¥119,691,287.89, compared to ¥66,887,738.87 in the same period of 2019, indicating an increase of 79.0%[24]. - The net profit for Q3 2020 reached CNY 9,045,931.48, compared to a net loss of CNY 1,614,974.27 in Q3 2019, indicating a significant turnaround[29]. - The total profit for Q3 2020 was CNY 11,485,342.68, compared to a loss of CNY 1,550,194.66 in the same period last year[29]. Assets and Liabilities - Total assets increased by 6.69% to CNY 3,427,303,719.25 compared to the end of the previous year[7]. - Total assets increased to ¥3,427,303,719.25 from ¥3,212,353,820.64, reflecting overall growth[17]. - Total liabilities increased to ¥1,063,048,333.30 from ¥876,330,026.46, indicating a rise in financial obligations[17]. - Total current liabilities were CNY 876,330,026.46 as of the third quarter of 2020[37]. - Total liabilities amounted to CNY 1,062,026,338.94 as of the third quarter of 2020[38]. - Total equity attributable to shareholders was CNY 2,150,327,481.70 as of the third quarter of 2020[38]. Cash Flow - Net cash flow from operating activities increased by 17.90% to CNY 365,275,942.99 for the first nine months[7]. - The total cash inflow from operating activities for the first three quarters of 2020 was CNY 1,286,561,312.92, an increase of 12.2% compared to CNY 1,145,950,905.96 in the same period of 2019[30]. - The net cash flow from operating activities for the first three quarters of 2020 was CNY 365,275,942.99, up from CNY 309,813,177.15 in 2019, representing a growth of 17.9%[30]. - The net cash flow from investing activities was negative at -¥86,866,904.69, primarily due to reduced fixed asset purchases[13]. - The cash outflow for investing activities in the first three quarters of 2020 was CNY 88,303,384.79, a decrease of 38.8% compared to CNY 144,279,158.45 in the same period of 2019[31]. - The net cash flow from investing activities for the first three quarters of 2020 was -CNY 86,866,904.69, an improvement from -CNY 141,796,103.31 in 2019[31]. - The cash inflow from financing activities for the first three quarters of 2020 was CNY 518,000,000.00, slightly down from CNY 519,332,450.00 in 2019[31]. - The net cash flow from financing activities for the first three quarters of 2020 was -CNY 82,985,235.49, compared to -CNY 177,537,495.11 in 2019, indicating a reduction in cash outflow[31]. Shareholder Information - The company had a total of 22,882 shareholders at the end of the reporting period[10]. - The largest shareholder, Fuda Holdings Group, holds 69.66% of the shares, with 203,150,000 shares pledged[10]. Other Income and Expenses - Non-operating income from government subsidies amounted to CNY 53,075,636.48 for the first nine months[9]. - Other income increased by 88.55% to ¥53,075,636.48, primarily due to an increase in government subsidies received[12]. - The company reported a decrease in other receivables to ¥71,262,201.21 from ¥171,837,520.45, a decline of 58.6%[20]. - Research and development expenses for Q3 2020 were ¥22,666,468.01, up from ¥19,628,441.11 in Q3 2019, indicating a growth of 10.4%[24]. - Interest expenses for Q3 2020 were CNY 1,191,006.70, compared to CNY 867,848.82 in Q3 2019, indicating increased borrowing costs[28].