King's Luck(SH:603369)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders was ¥1,313,475,018.05, reflecting a year-on-year increase of 1.52%[6] - Operating income for the first nine months was ¥4,193,202,722.01, up 1.96% from the same period last year[6] - Total revenue for Q3 2020 reached RMB 1,280,947,356.37, an increase of 20.9% compared to RMB 1,058,737,317.85 in Q3 2019[21] - Total revenue for the first three quarters of 2020 reached CNY 4,028,926,580.67, an increase from CNY 3,831,054,917.22 in the same period of 2019, representing a growth of approximately 5.2%[26] - The company reported a total profit of CNY 390.74 million for Q3 2020, compared to CNY 290.03 million in the same period last year, marking a growth of 34.7%[24] - The company achieved a total profit of CNY 1.44 billion for the first three quarters of 2020, up from CNY 1.16 billion in the same period of 2019[60] Cash Flow - The net cash flow from operating activities for the first nine months was ¥650,857,962.03, an increase of 18.24% year-on-year[6] - Cash received from investment recovery increased by 218.62% to 6,537,328,146.00 RMB, attributed to a higher number of matured and early-terminated financial products[12] - The company reported a net cash outflow from investing activities of CNY 710,564,259.24 for the first three quarters of 2020, worsening from a net outflow of CNY 256,032,523.08 in the same period of 2019[27] - The net cash flow from financing activities was negative CNY 166,466,168.55 for the first three quarters of 2020, an improvement from negative CNY 433,786,707.78 in 2019[27] - The company reported a significant increase in cash received from sales of goods and services, totaling CNY 4,114,307,018.49 for the first three quarters of 2020, compared to CNY 3,924,883,574.14 in 2019, an increase of about 4.83%[62] Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,623,051,079.96, an increase of 5.57% compared to the end of the previous year[6] - Total liabilities amounted to RMB 2,622,615,361.17, an increase from RMB 2,440,076,945.64, reflecting a growth of 7.5%[20] - Accounts receivable increased by 63.06% to ¥52,431,002.97 due to increased credit support for distributors[10] - Other current assets surged by 857.87% to ¥91,933,840.78, mainly due to a higher amount of deductible taxes at the end of the period[10] - The total equity attributable to shareholders increased to 8,005,116,864.52 RMB from 7,206,267,606.52 RMB year-on-year[17] Expenses - Financial expenses decreased by 51.42% to -12,303,142.27 RMB compared to the same period last year, primarily due to reduced interest income and increased loan interest payments[11] - The company reported a 44.04% increase in non-operating expenses to 12,167,213.28 RMB, mainly due to donations for pandemic prevention[11] - Tax expenses for Q3 2020 were CNY 96.77 million, compared to CNY 68.42 million in Q3 2019, showing an increase of 41.4%[24] Investment Activities - Cash paid for investment increased by 209.52% to 7,155,000,000.00 RMB, mainly due to a higher volume of renewed financial investments this year[12] - Cash paid for the construction of fixed assets increased by 136.78% to 254,382,866.83 RMB, primarily due to increased construction of the second phase of the ceramic jar warehouse project[12] - The company’s investment income for Q3 2020 was CNY 32.81 million, up from CNY 15.89 million in Q3 2019, indicating improved investment performance[24] Market Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[24] - The company confirmed that the quarterly report has not been audited, ensuring the accuracy and completeness of the financial statements[41]