Well Lead(SH:603309)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders increased by 33.83% to CNY 139,561,345.90 year-on-year[6] - Operating income rose by 18.43% to CNY 841,988,142.63 for the period from January to September[6] - The net profit excluding non-recurring gains and losses increased by 74.20% to CNY 140,328,874.19[8] - Basic and diluted earnings per share increased by 35.00% to CNY 0.54[6] - Total operating revenue for the first three quarters of 2020 was ¥841,988,142.63, a 18.4% increase from ¥710,957,391.20 in the same period of 2019[29] - The company’s total profit for the first three quarters of 2020 was ¥175,411,111.98, a 40.7% increase from ¥124,588,332.56 in the same period of 2019[30] - Net profit for Q3 2020 was ¥44,421,664.91, representing a 27% increase compared to ¥35,019,718.24 in Q3 2019[30] - Total profit for Q3 2020 was ¥54,789,181.09, up 27.5% from ¥42,872,830.30 in Q3 2019[30] Assets and Liabilities - Total assets increased by 4.55% to CNY 1,522,021,517.47 compared to the end of the previous year[6] - The company's total assets as of September 30, 2020, amounted to ¥485,377,911.11, up from ¥420,422,465.94 at the end of the previous year[20] - Non-current liabilities decreased to ¥156,515,816.47 from ¥188,269,177.93, a reduction of about 16.9%[22] - Current liabilities totaled ¥223,538,726.23, down from ¥231,077,374.87, indicating a decrease of approximately 3.5%[22] - Total liabilities decreased to ¥380,054,542.70 from ¥419,346,552.80, a reduction of approximately 9.4%[22] - Shareholders' equity increased to ¥1,141,966,974.77 from ¥1,036,389,098.50, representing an increase of about 10.2%[22] Cash Flow - Cash flow from operating activities increased by 42.72% to CNY 151,419,187.38 compared to the same period last year[8] - The cash flow from operating activities for the first three quarters of 2020 was ¥151,419,187.38, compared to ¥106,096,135.18 in the same period of 2019, reflecting a growth of 42.6%[38] - Total cash inflow from operating activities for the first nine months of 2020 was ¥655,986,221.07, up from ¥522,085,028.16 in the same period of 2019, representing a growth of approximately 25.6%[41] - The company experienced a net cash outflow from investing activities of ¥35,146,838.25 in Q3 2020, an improvement from a net outflow of ¥50,409,735.02 in Q3 2019[42] Shareholder Information - The total number of shareholders reached 21,248 by the end of the reporting period[12] - The largest shareholder, Gao Bo Investment (Hong Kong) Co., Ltd., holds 37.39% of the shares, with 41.5 million shares pledged[12] Research and Development - Research and development expenses rose by 92.92% to ¥31,676,291.57, reflecting increased investment in R&D compared to ¥16,419,001.46 in the previous year[15] - Research and development expenses for Q3 2020 amounted to ¥11,579,291.92, a significant increase of 82% from ¥6,352,943.24 in Q3 2019[29] - Research and development expenses increased significantly to ¥8,490,607.84 in Q3 2020, up 112.3% from ¥4,003,529.43 in Q3 2019[33] Capital and Financing - The company implemented a capital reserve conversion plan, increasing total shares from 200 million to 260 million[8] - The company plans to raise up to ¥409,942,300 through a non-public offering of A-shares, pending approval from the China Securities Regulatory Commission[17] - The company has not yet submitted the application documents for the non-public offering to the China Securities Regulatory Commission, and the materials are still being prepared[18] Other Financial Metrics - Financial expenses increased by 33.46% to ¥11,645,590.58, primarily due to higher exchange losses compared to the previous year[15] - Accounts receivable decreased significantly by 84.45% to ¥200,000.00 from ¥1,286,519.13 due to the maturity of certain receivables[14] - Prepaid expenses surged by 327.72% to ¥30,886,034.43, attributed to advance payments for goods and land purchases[15] - The company reported a significant increase in pre-received payments by 37.65% to ¥20,009,002.19, indicating strong sales performance[15]