ECH(SH:603200)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was ¥411,297,155.46, representing a year-on-year growth of 7.54%[7] - Net profit attributable to shareholders was ¥50,612,023.66, a decrease of 2.80% compared to the same period last year[7] - Basic and diluted earnings per share were both ¥0.50, down 1.96% from ¥0.51 in the previous year[7] - Total operating revenue for Q3 2020 reached ¥152.32 million, a 34.7% increase from ¥113.03 million in Q3 2019[29] - Net profit for Q3 2020 was ¥9.73 million, a decrease of 11.0% compared to ¥10.94 million in Q3 2019[30] - The company’s total profit for the first three quarters of 2020 was ¥56.26 million, a decrease of 5.0% from ¥59.44 million in the same period of 2019[30] - The total profit for Q3 2020 was ¥6,253,150.86, a decrease of 46.2% from ¥11,634,667.85 in Q3 2019[34] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥20,268,921.11, a significant decline of 727.84% compared to the previous year[7] - The cash flow from operating activities for the first three quarters of 2020 was negative at -¥20,268,921.11, compared to -¥2,448,408.93 in the same period of 2019[36] - In Q3 2020, the net cash flow from operating activities was ¥22,046,751.83, a significant improvement compared to a net outflow of ¥17,076,281.49 in Q3 2019[39] - Total cash inflow from operating activities was ¥391,773,273.39, while cash outflow was ¥369,726,521.56, resulting in a net cash inflow[39] - The company reported a net cash flow from investing activities of -¥152,304,170.06, compared to -¥80,842,239.85 in the same period last year[39] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,147,029,905.36, an increase of 6.75% compared to the end of the previous year[6] - The total current assets decreased to ¥853,296,082.63 from ¥885,287,917.48, reflecting a reduction in cash and receivables[20] - The total liabilities increased significantly, reflecting the company's strategy to leverage for growth[14] - Current liabilities rose to CNY 288,148,759.02 from CNY 265,325,510.27, reflecting an increase of approximately 8.5%[22] - Total liabilities amounted to CNY 289,530,852.53, up from CNY 267,135,813.78, marking an increase of around 8.4%[22] - Shareholders' equity reached CNY 857,499,052.83, compared to CNY 807,342,753.83, showing an increase of about 6.2%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,524[10] - The largest shareholder, Wang Wei, held 44.97% of the shares, with 18,414,000 shares pledged[10] Investments and Acquisitions - The company invested ¥142,368,729.76 in fixed assets, intangible assets, and other long-term assets, a 567.09% increase compared to the previous year[14] - The company has acquired land use rights in Jiading District, which is expected to impact future operations positively[14] - The company is focusing on expanding its asset base through strategic land acquisitions and investments in fixed assets[14] Research and Development - Research and development expenses for Q3 2020 amounted to ¥6.86 million, a decline of 13.9% from ¥7.98 million in Q3 2019[30] - Research and development expenses for the first three quarters of 2020 amounted to ¥21,383,266.26, a decrease of 12.1% from ¥24,351,785.55 in the same period of 2019[32] Other Financial Metrics - The weighted average return on equity decreased by 0.45 percentage points to 6.33%[7] - The company reported no profit distribution during the reporting period, leading to an 83.94% decrease in cash paid for dividends and interest[14] - The company experienced a credit impairment loss of ¥3.67 million in Q3 2020, compared to a loss of ¥3.20 million in Q3 2019[30] - The gross profit margin for Q3 2020 was approximately 30.7%, compared to 33.8% in Q3 2019[32]