DIBAY(SH:603320)2020-10-21 16:00Financial Performance - Revenue for the first nine months was ¥514,100,698.44, reflecting a slight increase of 0.58% compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 6.46% to ¥31,703,185.64 compared to the same period last year[6]. - Basic earnings per share decreased by 29.41% to ¥0.24, attributed to a capital reserve distribution plan[6]. - The net profit margin for Q3 2020 was approximately 4.9%, down from 7.2% in Q3 2019, reflecting pressure on profitability[28]. - The company reported a decrease in short-term borrowings to CNY 500,000.00 from CNY 1,500,000.00, a reduction of 66.7%[21]. - The total profit for Q3 2020 was approximately ¥11.57 million, down from ¥14.13 million in Q3 2019, indicating a decline of about 18.06%[33]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,094,311,332.41, an increase of 0.95% compared to the end of the previous year[6]. - Total liabilities decreased to CNY 383,950,494.00 from CNY 393,140,487.34, indicating a reduction of approximately 2.9%[21]. - Total assets increased to ¥998,666,038.20 in Q3 2020, up from ¥930,531,975.44 in Q3 2019, representing a growth of approximately 7.2%[25]. - Current liabilities totaled CNY 182,003,009.88, while non-current liabilities reached CNY 211,137,477.46, resulting in total liabilities of CNY 393,140,487.34[43]. - Total liabilities rose to ¥353,645,353.35 in Q3 2020, compared to ¥310,104,657.71 in Q3 2019, marking an increase of approximately 14.0%[25]. Cash Flow - Operating cash flow for the first nine months was ¥96,868,520.61, a significant increase of 61.85% year-on-year[6]. - Cash flow from operating activities increased by 44.05% to CNY 14,675,055.76, primarily due to higher customer payments[14]. - The net cash flow from operating activities for the first three quarters of 2020 was approximately ¥96.87 million, up 61.8% from ¥59.85 million in the first three quarters of 2019[36]. - The cash outflow for purchasing goods and services in the first three quarters of 2020 was approximately ¥146.02 million, a decrease of 3.8% from ¥151.92 million in the same period of 2019[38]. Shareholder Equity - Net assets attributable to shareholders increased by 2.81% to ¥708,317,586.30 compared to the end of the previous year[6]. - The company reported a total equity of ¥645,020,684.85 in Q3 2020, up from ¥620,427,317.73 in Q3 2019, reflecting a growth of about 4.0%[26]. - Shareholders' equity rose to CNY 710,360,838.41 from CNY 690,919,446.98, marking an increase of about 2.0%[21]. Government Subsidies and Other Income - The company received government subsidies totaling ¥12,706,001.70 during the reporting period, significantly impacting net profit figures[6]. - Other income increased by 502.97% to CNY 12,706,001.70, mainly from government subsidies[13]. - Interest income grew by 261.78% to CNY 6,959,410.05, driven by increased bank deposit interest[13]. Operational Efficiency - Accounts payable rose by 41.82% to CNY 49,960,607.26, attributed to increased payments to suppliers[12]. - Inventory stood at CNY 112,725,256.71, a slight increase from CNY 110,682,669.32 in 2019[20]. - Accounts receivable increased to CNY 102,823,726.27 from CNY 97,392,784.00, representing a growth of about 5.4%[20]. Research and Development - Research and development expenses for Q3 2020 were ¥7,801,669.67, slightly up from ¥7,322,708.33 in Q3 2019, indicating a focus on innovation[27]. - Research and development expenses for Q3 2020 were approximately ¥7.24 million, slightly down from ¥7.32 million in Q3 2019[32]. Financial Adjustments and Standards - The company executed a reclassification of "prepayments" to "contract liabilities" starting January 1, 2020, in accordance with new revenue recognition standards[43]. - The company adopted new revenue recognition standards starting January 1, 2020, adjusting "prepayments" to "contract liabilities"[47].