E-Soul(SH:603258)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months rose by 51.95% to RMB 736,593,567.13 compared to the same period last year[6] - Net profit attributable to shareholders increased by 118.89% to RMB 309,873,001.51 for the first nine months[6] - Cash flow from operating activities surged by 103.15% to RMB 450,180,397.88 year-to-date[6] - Basic earnings per share increased by 118.64% to RMB 1.29[6] - The weighted average return on equity improved by 7.41 percentage points to 15.44%[6] - Total operating revenue for Q3 2020 reached ¥261,753,824.16, a 37% increase from ¥190,990,863.80 in Q3 2019[24] - Net profit for Q3 2020 was ¥101,406,742.06, compared to ¥55,940,245.08 in Q3 2019, representing an 81% increase[25] - The company’s total profit for the first three quarters of 2020 was ¥364,523,288.55, compared to ¥160,755,546.30 in the same period of 2019, reflecting a 126% increase[25] Shareholder Information - The total number of shareholders reached 27,011 by the end of the reporting period[10] - The top ten shareholders collectively hold 66.64% of the company's shares, with the largest shareholder owning 11.36%[10] Assets and Liabilities - Total assets increased by 12.74% year-on-year, reaching RMB 2,829,297,128.46[6] - Total liabilities rose to CNY 622,257,653.63, up from CNY 519,516,247.09, indicating an increase of about 19.8%[21] - Shareholders' equity totaled CNY 2,211,121,729.88, compared to CNY 2,004,419,126.96, reflecting a growth of approximately 10.3%[21] - The company's deferred tax assets increased by 54.38% to ¥12,662,825.93 as of September 30, 2020, compared to ¥8,202,477.90 at the end of 2019, due to an increase in share-based payment expenses[12] - Total current assets increased to CNY 1,536,315,021.47 from CNY 1,331,659,053.91, representing a growth of about 15.4%[19] Cash Flow - Cash flow from operating activities for the first nine months of 2020 was ¥450,180,397.88, reflecting a 103.15% increase from ¥221,596,747.81 in the previous year, attributed to higher recharge income from games[12] - The cash inflow from operating activities in Q3 2020 was ¥930,152,135.70, compared to ¥605,236,622.37 in Q3 2019, showing a 53.7% increase[33] - The company’s cash flow from operating activities showed a strong performance, with total cash inflow reaching CNY 737,781,403.05, up from CNY 497,967,893.85 in the previous year, reflecting a growth of 48.2%[36] Research and Development - Research and development expenses rose by 42.98% to ¥118,480,744.63 in the first nine months of 2020, up from ¥82,865,919.65 in the same period of 2019, due to an increase in R&D personnel[12] - Research and development expenses for Q3 2020 totaled ¥44,465,396.57, a 50% increase from ¥29,713,739.00 in Q3 2019[24] - Research and development expenses for the first three quarters of 2020 totaled ¥92,118,565.23, significantly up from ¥54,122,299.68 in the same period of 2019, indicating a 70.1% increase[30] Government Subsidies and Non-Recurring Items - Government subsidies recognized in the first nine months amounted to RMB 13,642,474.19[8] - Non-recurring gains and losses totaled RMB 23,797,726.15 for the reporting period[9] Investment Activities - The company's net cash flow from investing activities improved significantly, with a net outflow of -¥34,036,920.20 in the first nine months of 2020, compared to -¥734,207,863.76 in the same period of 2019, due to the redemption of bank financial products[12] - The company invested CNY 1,604,516,404.19 in capital expenditures, slightly down from CNY 1,610,903,500.00 in the previous year[36] Changes in Accounting Standards - The company adopted new revenue recognition standards starting January 1, 2020, impacting the presentation of contract assets and liabilities[45] - The company implemented new revenue and lease standards starting from 2020, with retrospective adjustments to prior comparative data[46]