Kinwong(SH:603228)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders rose by 8.51% to CNY 684,592,523.11 for the year-to-date period[4] - Operating income for the year-to-date period increased by 8.65% to CNY 4,926,916,532.98 compared to the same period last year[4] - Basic earnings per share increased by 6.49% to CNY 0.82 per share compared to the previous year[5] - The company's net profit for the first three quarters of 2020 was ¥688,431,698.92, compared to ¥587,446,900.31 in the same period of 2019, representing a growth of about 17.2%[24] - The net profit for the first three quarters of 2020 was ¥422,474,416.66, slightly down from ¥443,723,605.31 in the same period of 2019, indicating a decrease of around 4.8%[22] - The net profit attributable to shareholders of the parent company for Q3 2020 was ¥206,669,866.97, compared to ¥204,416,511.21 in Q3 2019, showing a slight increase of about 1.1%[25] Assets and Liabilities - Total assets increased by 28.85% to CNY 11,364,365,693.03 compared to the end of the previous year[4] - The total liabilities increased significantly, with short-term borrowings rising by 39.71% to RMB 127,620,742.91 from RMB 91,346,780.39, indicating increased bank borrowings[13] - Total liabilities reached approximately 4.86 billion RMB, compared to 3.19 billion RMB at the end of 2019, marking an increase of about 52.3%[20] - The company's total liabilities amounted to ¥4,143,210,168.74, compared to ¥2,394,408,898.76 in the previous year, reflecting an increase of about 73.0%[22] - The total amount of contract liabilities was approximately $487.74 thousand, reflecting a shift in revenue recognition practices[41] Cash Flow - Net cash flow from operating activities increased by 49.87% to CNY 1,131,859,416.17 year-to-date[4] - Cash inflow from operating activities for the first three quarters of 2020 was approximately ¥5.68 billion, an increase from ¥4.71 billion in the same period of 2019[32] - The net cash flow from operating activities for Q3 2020 was approximately ¥1.13 billion, compared to ¥755.23 million in Q3 2019[33] - Cash inflow from financing activities totaled ¥1,925,186,307.57, with net cash flow from financing activities reaching ¥1,728,338,981.77, a recovery from a negative cash flow in 2019[35] Research and Development - The company's R&D expenses rose by 21.24% to RMB 259,229,561.58 compared to RMB 213,813,784.25 in the same period last year, reflecting increased investment in research and development[14] - Research and development expenses for Q3 2020 were ¥93,246,490.68, compared to ¥79,250,480.07 in Q3 2019, representing an increase of about 17.6%[23] - The company's R&D expenses for Q3 2020 were ¥37,248,805.94, up from ¥28,099,843.63 in Q3 2019, marking an increase of approximately 32.5%[27] Shareholder Information - The total number of shareholders reached 32,728 by the end of the reporting period[8] - The largest shareholder, Shenzhen Jinghong Yongtai Investment Holding Co., Ltd., holds 34.50% of the shares[8] Financial Management - The company reported a government subsidy income of CNY 72,046,579.56 for the year-to-date period[6] - The profit margin from financial expenses showed a significant increase of 190.11%, resulting from exchange losses due to the appreciation of the RMB against the USD[15] - The company reported a decrease in investment income by 28.37% to RMB 12,080,373.94, attributed to reduced wealth management returns[15] - The company received tax refunds of ¥25,413,694.26, up from ¥8,745,430.88 in the previous year, indicating improved tax management[34] Capital and Equity - The company's equity attributable to shareholders was approximately 6.29 billion RMB, up from 5.42 billion RMB, representing a growth of about 16.0%[20] - The company's total equity reached approximately $5.63 billion, with attributable equity to shareholders at around $5.42 billion[38] - The company reported a capital reserve of approximately $1.95 billion, contributing to overall equity strength[38] Investment Activities - The company issued 17.8 million convertible bonds with a total value of RMB 178,000,000.00, approved by the China Securities Regulatory Commission, to raise funds for expansion[16] - The company has made significant investments in fixed assets, with cash payments for fixed assets amounting to ¥101,216,945.68, compared to ¥70,058,149.79 in the previous year[34] - The company reported total assets of approximately $5.46 billion, with non-current assets totaling around $3.08 billion[40] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[3] - The company has not indicated any major changes in its profit forecast for the upcoming reporting period[17] - The company executed a new revenue recognition standard effective January 1, 2020, impacting the presentation of customer prepayments[39]