NBOND(SH:603238)2020-10-26 16:00Financial Performance - Revenue for the first nine months reached CNY 1,490,003,101.43, an increase of 87.21% compared to the same period last year[6] - Net profit attributable to shareholders surged by 218.77% to CNY 215,192,052.32 year-on-year[6] - Basic and diluted earnings per share increased by 219.64% to CNY 1.79[7] - The company reported a net profit of ¥372,851,010.86 for the first three quarters of 2020, compared to ¥102,898,512.98 in the same period of 2019, representing a growth of about 263%[33] - The net profit for Q3 2020 reached CNY 50.65 million, up 37.5% from CNY 18.45 million in the same period last year[39] - The company reported a total profit of CNY 59.22 million for Q3 2020, compared to CNY 21.98 million in Q3 2019, reflecting a significant growth of 169.5%[39] Assets and Liabilities - Total assets increased by 30.67% to CNY 2,102,080,607.96 compared to the end of the previous year[6] - Total current liabilities increased to CNY 802,958,284.50 from CNY 562,515,146.69, marking an increase of approximately 42.7%[24] - The company's total equity reached CNY 1,278,646,313.05, up from CNY 1,027,888,407.69, representing a growth of about 24.3%[25] - Total liabilities increased to ¥210,890,588.74 in Q3 2020 from ¥131,596,035.98 in Q3 2019, representing a growth of approximately 60%[29] - The company's total liabilities included short-term borrowings of ¥36,045,489.14 and accounts payable of ¥210,383,900.38[49] Cash Flow - Operating cash flow increased by 221.57% to CNY 438,875,507.80 for the first nine months of the year[6] - Net cash flow from operating activities increased by 221.57% to RMB 438,875,507.80, attributed to higher sales revenue[16] - The net cash flow from operating activities for Q3 2020 was ¥163,825,993.52, a significant increase from ¥62,918,363.27 in Q3 2019, representing a growth of approximately 160%[45] - The net cash flow from investing activities was negative at -¥412,285,919.09 for the first three quarters of 2020, worsening from -¥107,336,320.34 in the same period of 2019[43] Shareholder Information - The top ten shareholders hold a combined 78.67% of the company's shares, with Hangzhou Boss Industrial Group Co., Ltd. owning 54.13%[11] - The company completed the stock grant registration procedures for its 2020 restricted stock incentive plan on September 23, 2020[20] - The company held its first extraordinary general meeting on August 26, 2020, to approve the 2020 restricted stock incentive plan[20] Research and Development - Research and development expenses grew by 74.61% to RMB 50,707,233.40, reflecting increased investment in R&D[15] - R&D expenses for Q3 2020 were ¥21,691,670.07, compared to ¥10,163,459.57 in Q3 2019, showing an increase of approximately 113%[33] - The company has not disclosed any new product or technology developments in this report[6] Market Strategy - The company plans to expand its market presence and invest in new product development in the upcoming quarters[39] - The company initiated a stock incentive plan approved by the board on August 6, 2020, to enhance employee motivation[16] Tax and Income - The company reported a 520.69% increase in taxes payable, amounting to RMB 48,733,066.87, due to increased profits[14] - The company reported a significant increase in investment income, totaling CNY 30.99 million for the first nine months of 2020, compared to CNY 0.83 million in the same period last year[39]