Etron(SH:603380)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders rose by 49.94% to CNY 118,712,827.73 for the first nine months of the year[6] - Operating revenue for the first nine months reached CNY 934,883,572.92, reflecting a growth of 28.57% year-on-year[6] - Basic earnings per share increased by 51.02% to CNY 0.74[7] - The weighted average return on equity improved by 3.13 percentage points to 13.23%[6] - Total operating revenue for Q3 2020 reached ¥331,926,669.81, a 35.5% increase from ¥244,731,258.77 in Q3 2019[28] - Net profit for Q3 2020 was ¥46,001,821.51, representing a 55.5% increase compared to ¥29,585,727.75 in Q3 2019[29] - The total profit for Q3 2020 was approximately ¥49.32 million, a 48.2% increase from ¥33.30 million in Q3 2019[33] Assets and Liabilities - Total assets increased by 11.40% to CNY 1,310,059,233.95 compared to the end of the previous year[6] - Current assets totaled CNY 965,972,803.65, up from CNY 893,754,084.76, indicating an increase of about 8.1% year-over-year[19] - Total liabilities increased to CNY 372,870,326.75 from CNY 317,142,093.57, representing a growth of about 17.5%[21] - Non-current assets totaled CNY 344,086,430.30, an increase from CNY 282,271,009.54, reflecting a growth of about 22%[20] - Total liabilities as of Q3 2020 amounted to ¥358,736,309.35, an increase from ¥311,023,062.14 in Q3 2019[28] - The total liabilities as of the third quarter of 2020 were approximately 311.02 million, with current liabilities accounting for approximately 300.74 million[47] Cash Flow - Net cash flow from operating activities decreased by 3.67% to CNY 121,166,435.72 compared to the same period last year[6] - The cash flow from operating activities for the first three quarters of 2020 was ¥121.17 million, slightly down from ¥125.79 million in the same period of 2019[35] - The net cash flow from financing activities improved, with a net amount of RMB -10,413,971.15 compared to RMB -28,330,500.00 in the previous year[16] - The net cash flow from financing activities for Q3 2020 was -¥10.41 million, an improvement from -¥28.33 million in Q3 2019[36] Shareholder Information - The total number of shareholders reached 10,175 by the end of the reporting period[11] - The largest shareholder, Qian Xindong, holds 37.23% of the shares, totaling 59,560,680 shares[11] - The company's equity attributable to shareholders reached CNY 933,661,231.17, up from CNY 855,809,764.97, indicating an increase of approximately 9.1%[21] Expenses and Costs - Sales expenses increased by 30.53% to RMB 19,579,992.33, driven by higher business promotion costs and shipping expenses[15] - Total operating costs for Q3 2020 were ¥280,563,164.04, up 34.0% from ¥209,092,449.96 in Q3 2019[28] - Research and development expenses for Q3 2020 were ¥14,235,954.52, slightly down from ¥14,595,544.72 in Q3 2019[28] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 9,273,162.26 during the reporting period[9] - Other income rose significantly by 657.10% to RMB 11,138,435.58, mainly due to increased government subsidies received[15] Inventory and Receivables - Inventory rose by 31.87% to RMB 179,289,968.58, attributed to an increase in raw materials reserved for sales orders[14] - Accounts receivable decreased to CNY 200,910,820.91 from CNY 257,954,930.05, a decline of about 22%[19] - Other receivables increased by 101.57% to RMB 7,523,691.62, primarily due to an increase in deposits paid[14] Construction and Investment - The company reported a significant increase in construction in progress by 197.12% to RMB 76,282,875.17, indicating increased investment in electronic manufacturing projects[14] - The company has invested CNY 76,282,875.17 in construction projects, a substantial increase from CNY 25,674,266.01[20] Changes in Accounting Standards - The company began implementing new income standards, leading to reclassification of certain receivables and liabilities[15] - The company began implementing the new revenue recognition standard on January 1, 2020, which resulted in adjustments to accounts receivable and contract liabilities[48]