Grace(SH:603256)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 5.86% to CNY 85,785,742.08 year-to-date[18]. - Operating revenue decreased by 7.51% to CNY 460,651,264.47 year-to-date[18]. - The company reported a total profit of approximately ¥26.96 million for Q3 2020, compared to ¥24.82 million in Q3 2019, marking a growth of 8.6%[60]. - The net profit for Q3 2020 reached approximately ¥21.62 million, an increase of 6.2% from ¥20.37 million in Q3 2019[60]. - The net profit for Q3 2020 was approximately ¥24.43 million, an increase of 9.18% from ¥22.38 million in Q3 2019[65]. - The company's total equity increased to approximately ¥1.46 billion, up from ¥1.43 billion in the previous period, reflecting a growth of 5.5%[53]. Cash Flow - Net cash flow from operating activities decreased by 35.12% to CNY 82,098,535.01 year-to-date[18]. - The company reported a 35.12% decrease in net cash flow from operating activities, dropping from CNY 126,545,088.96 to CNY 82,098,535.01[34]. - The net cash flow from investment activities was 183,530,133.49, recovering from a negative cash flow of -360,415,864.32 in the previous period[71]. - The company's cash flow from operating activities for the first three quarters of 2020 was approximately ¥428.65 million, down from ¥464.93 million in the same period of 2019[67]. - The total cash inflow from operating activities was 440,956,069.89, slightly lower than 473,195,679.98 in the previous period[71]. Assets and Liabilities - Total assets increased by 10.65% to CNY 2,097,353,628.06 compared to the end of the previous year[18]. - Total liabilities increased to ¥649,361,974.55 from ¥470,022,163.92, marking a significant rise of about 38.2%[51]. - The total amount of short-term loans decreased by 35.05% from CNY 249,960,000.00 to CNY 162,357,000.00 due to repayments[32]. - The company's total assets decreased from ¥498.04 million in the first three quarters of 2019 to ¥460.65 million in the same period of 2020[62]. - Current liabilities reached approximately $571.58 million, including short-term borrowings of $249.96 million and accounts payable of $54.38 million[88]. Shareholder Information - The total number of shareholders at the end of the reporting period was 22,551[26]. - The largest shareholder, Far East International Limited, holds 75.01% of the shares[26]. - The total equity attributable to shareholders rose to ¥1,447,991,653.51 from ¥1,425,400,840.61, an increase of about 1.6%[47]. Investments and Income - The company reported a net gain from the disposal of non-current assets of CNY 2,364,018.76[22]. - The company’s investment income increased by 772.68% from CNY 853,301.89 to CNY 7,446,555.56, attributed to higher interest income from structured deposits[34]. - The company reported an investment income of approximately ¥1.70 million in Q3 2020, compared to ¥0.85 million in Q3 2019[65]. Changes in Assets - The company's accounts receivable financing decreased by 45.74% from CNY 23,478,281.84 to CNY 12,740,239.84 due to a reduction in bill transfers[32]. - Prepayments increased by 73.65% from CNY 2,822,484.73 to CNY 4,901,356.92, attributed to higher payments for raw materials and maintenance[32]. - Other current assets surged by 252.32% from CNY 8,224,172.21 to CNY 28,975,464.03, driven by an increase in deductible input tax[32]. - The construction in progress rose by 136.10% from CNY 242,753,543.19 to CNY 573,144,853.00, reflecting ongoing projects[32]. - The company’s intangible assets decreased by 54.64% from CNY 104,681,454.83 to CNY 47,485,591.73, following the receipt of government compensation for land use rights[32]. Government Support - The company received government subsidies amounting to CNY 2,523,542.33 during the reporting period[22].