Koal(SH:603232)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 175,827,200.77, a 16.07% increase year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 33,739,792.36, compared to a loss of CNY 5,509,297.70 in the same period last year[7] - The weighted average return on net assets decreased by 3.99 percentage points to -4.77%[7] - Basic and diluted earnings per share were both CNY -0.19, compared to CNY -0.03 in the same period last year[7] - Total operating revenue for Q3 2020 reached ¥64,139,607.88, a 54.3% increase compared to ¥41,567,645.82 in Q3 2019[27] - The total profit for Q3 2020 was a loss of ¥5,183,952.68, compared to a profit of ¥1,051,783.48 in Q3 2019[32] - The total profit for the first three quarters of 2020 was a loss of ¥34,910,576.98, an improvement from a loss of ¥4,508,170.51 in the same period of 2019[28] Assets and Liabilities - Total assets increased by 74.27% to CNY 1,490,298,988.38 compared to the end of the previous year[7] - Net assets attributable to shareholders increased by 87.13% to CNY 1,242,045,208.92 compared to the end of the previous year[7] - Cash and cash equivalents increased by 250.34% to ¥344,695,570.13 compared to the end of the previous year[14] - Total liabilities decreased significantly, with accounts payable to employees dropping to zero due to salary payments[14] - Non-current liabilities rose to ¥3,948,736.29 from ¥1,801,934.75, marking an increase of about 119%[22] - Current liabilities totaled ¥243,492,966.19, up from ¥188,741,717.25, reflecting a growth of approximately 29%[21] Cash Flow - The net cash flow from financing activities was ¥615,401,149.45, primarily due to a private placement of A-shares[16] - The net cash flow from investing activities decreased by 765.05% to -¥328,756,744.87, due to cash outflows for financial products[16] - Cash inflow from operating activities for the first three quarters of 2020 was ¥302,838,002.48, compared to ¥196,303,560.73 in the same period of 2019, representing a 54.1% increase[34] - The company reported a net cash flow from operating activities of -6,126,653.57 RMB for the first nine months of 2020, compared to -683,900.82 RMB in the same period last year[37] Shareholder Information - The total number of shareholders reached 11,732 by the end of the reporting period[11] - The largest shareholder, Kong Linggang, holds 12.98% of the shares, while the second-largest shareholder, Lu Haitian, holds 8.96%[11] Research and Development - R&D expenses grew by 50.93% to ¥57,103,749.27, reflecting increased investment in research and development[16] - R&D expenses surged to ¥21,491,284.62 in Q3 2020, a significant increase of 178.5% from ¥7,731,145.98 in Q3 2019[27] - Research and development expenses increased to ¥10,340,920.61 in Q3 2020, up from ¥7,060,139.25 in Q3 2019, reflecting a 46.5% rise[31] Government Subsidies - The company received government subsidies amounting to CNY 5,284,364.68 for the first nine months[8] - Deferred income increased by 181.99% to ¥3,259,545.27, mainly due to government subsidies[16] Investment Activities - The company raised a total of ¥644,799,983.90 from the issuance of 20,901,134 A-shares at ¥30.85 per share[17] - Total cash outflow from investment activities for the first nine months was 605,472,092.71 RMB, significantly higher than 231,290,600.00 RMB in the previous year, indicating increased investment activity[37]