HOP(SH:603319)2020-10-14 16:00Financial Performance - Net profit attributable to shareholders increased by 68.58% to CNY 129,691,503.19 for the first nine months of the year[7]. - Operating revenue rose by 39.77% to CNY 959,796,857.18 year-on-year[7]. - Basic earnings per share increased by 67.57% to CNY 1.24[7]. - The company's revenue for Q3 2020 reached ¥959,796,857.18, a 39.77% increase compared to ¥686,686,273.95 in the same period last year, primarily driven by the rapid growth of new products such as gear pumps and motors[12]. - Total operating revenue for Q3 2020 reached ¥384,064,620.67, a significant increase of 77.1% compared to ¥215,900,546.53 in Q3 2019[22]. - Operating profit for Q3 2020 was ¥50,010,255.51, up 114.3% from ¥23,266,741.16 in the same period last year[23]. - Net profit for Q3 2020 was ¥44,619,852.16, representing a 112.6% increase from ¥20,940,956.57 in Q3 2019[23]. - The total profit for the first three quarters of 2020 was ¥133,855,716.71, compared to ¥83,816,645.09 in the same period of 2019, marking a 59.7% increase[27]. Assets and Liabilities - Total assets increased by 10.96% to CNY 2,003,184,425.63 compared to the end of the previous year[7]. - The total number of shareholders reached 10,727 by the end of the reporting period[10]. - The company has seen a significant increase in net assets attributable to shareholders, which rose by 12.55% to CNY 902,993,699.50[7]. - Total liabilities increased to CNY 1,077,329,576.60 in Q3 2020, up from CNY 992,307,636.85 in Q3 2019, representing an increase of approximately 8.6%[17]. - Current assets totaled CNY 956,544,825.04 as of September 30, 2020, compared to CNY 859,514,009.16 at the end of 2019, reflecting a growth of about 11.3%[19]. - Total liabilities were CNY 992,307,636.85, with non-current liabilities at CNY 169,653,984.83[37]. - The company reported a total current asset of CNY 859,514,009.16, including inventory valued at CNY 142,581,280.38[40]. Cash Flow - Net cash flow from operating activities decreased by 72.75% to CNY 9,905,716.39 compared to the same period last year[7]. - The net cash flow from operating activities for the first three quarters of 2020 was ¥9,905,716.39, down 72.7% from ¥36,352,976.80 in the first three quarters of 2019[30]. - Operating cash inflow for Q3 2020 was CNY 605.89 million, an increase of 14.7% compared to CNY 528.05 million in Q3 2019[33]. - Net cash flow from investing activities was CNY -30.11 million, an improvement from CNY -164.34 million in Q3 2019[31]. - Cash and cash equivalents at the end of Q3 2020 totaled CNY 159.07 million, up from CNY 127.72 million at the end of Q3 2019[31]. Expenses - Operating costs increased by 47.03% to ¥690,646,682.94 from ¥469,721,856.45, mainly due to the rise in revenue[12]. - Management expenses increased by 35.28% to ¥38,591,157.21, primarily due to higher employee salaries[12]. - Financial expenses surged by 109.47% to ¥22,369,966.77, mainly due to increased interest expenses recognized in the current period[12]. - Research and development expenses rose by 34.11% to ¥61,332,800.59, attributed to increased employee compensation and material costs[12]. - The company's financial expenses for the first three quarters of 2020 were ¥19,827,468.72, significantly higher than ¥9,883,472.91 in the same period of 2019[27]. Shareholder Information - The largest shareholder, Xu Zhongqiu, holds 21.37% of the shares, with 17,910,000 shares pledged[10]. - Total equity attributable to shareholders reached CNY 902,993,699.50 in Q3 2020, up from CNY 802,283,526.31 in Q3 2019, an increase of approximately 12.5%[17]. - The company’s retained earnings increased to CNY 568,281,044.26 in Q3 2020, compared to CNY 467,570,871.07 in Q3 2019, representing a growth of about 21.5%[17].