惠达卫浴(603385) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 1.50% to CNY 230,083,384.34 year-to-date[5] - Revenue decreased by 4.05% to CNY 2,230,040,483.29 year-to-date[5] - Basic earnings per share rose by 1.50% to CNY 0.6229[7] - The weighted average return on equity decreased by 0.40 percentage points to 6.66%[7] - The company has not indicated any significant changes in net profit compared to the previous year, suggesting stability in financial performance[23] Assets and Liabilities - Total assets increased by 10.60% to CNY 5,276,598,482.46 compared to the end of the previous year[5] - Total current assets increased to CNY 3,276,473,748.52 as of September 30, 2020, up from CNY 2,839,587,961.49 at the end of 2019, representing a growth of approximately 15.4%[26] - Total non-current assets reached CNY 2,000,124,733.94, compared to CNY 1,931,184,169.75 at the end of 2019, reflecting a growth of approximately 3.6%[27] - Total liabilities increased to CNY 1,593,114,260.88 from CNY 1,220,885,473.57, representing a rise of approximately 30.5%[28] - The company's equity attributable to shareholders rose to CNY 3,534,303,361.27, up from CNY 3,385,380,564.10, showing an increase of about 4.4%[28] Cash Flow - Operating cash flow increased significantly by 254.17% to CNY 514,499,354.88 year-to-date[5] - Net cash flow from operating activities reached ¥514,499,354.88, a 254.17% increase, mainly due to the collection of receivables[16] - The net cash flow from investment activities was negative at ¥378.54 million for the first three quarters of 2020, compared to a negative cash flow of ¥140.97 million in the same period of 2019[45] - The net cash flow from financing activities produced a net cash inflow of ¥68,240,428.06, mainly from increased bank financing[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,892[11] - The largest shareholder, Wang Huiwen, holds 17.14% of the shares with 63,323,733 shares[12] Investments - The company reported a total of 30 million yuan in investments with various banks, with interest rates ranging from 2.32% to 5.31%[20] - The company has a total of 90 million yuan in investments with Huatai Securities, with interest rates between 4.10% and 4.60%[19] - The company has a total of 60 million yuan in investments with Minsheng Bank, with an interest rate of 4.20%[19] - The company has a total of 45 million yuan in investments with Bank of Communications, with an interest rate of 3.40%[19] - The company has a total of 30 million yuan in investments with Industrial Bank, with an interest rate of 3.80%[20] - The company has a total of 20 million yuan in investments with China Merchants Bank, with interest rates of 4.30% and 5.31%[20] Operational Efficiency - Total operating revenue for Q3 2020 was ¥913,078,744.31, an increase of 8.5% compared to ¥841,680,487.29 in Q3 2019[34] - Total operating costs for Q3 2020 were ¥814,551,307.42, up from ¥727,755,366.26 in Q3 2019, reflecting a year-over-year increase of 11.9%[34] - The company's operating profit for Q3 2020 was ¥114.73 million, up from ¥72.18 million in Q3 2019, reflecting a significant increase of 59.0%[40] - The company reported a total profit of ¥126,695,101.16 for Q3 2020, up from ¥98,572,990.53 in Q3 2019, which is an increase of 28.5%[35] Research and Development - Research and development expenses for Q3 2020 amounted to ¥40,430,231.92, an increase of 18.5% from ¥34,104,987.70 in Q3 2019[34] - Research and development expenses for Q3 2020 were ¥37.60 million, compared to ¥32.77 million in Q3 2019, indicating a year-over-year increase of 14.0%[39] Financial Expenses - The company’s financial expenses for Q3 2020 were ¥15,389,665.34, significantly higher than ¥5,336,338.52 in Q3 2019, indicating an increase of 188.5%[34] - The company incurred a financial expense of ¥14.51 million in Q3 2020, compared to ¥5.29 million in Q3 2019, indicating an increase of 174.5%[39] Comprehensive Income - The total comprehensive income for Q3 2020 was ¥103.49 million, compared to ¥89.06 million in Q3 2019, marking an increase of 16.2%[37] - The total comprehensive income for Q3 2020 was approximately ¥96.28 million, compared to ¥69.13 million in Q3 2019, representing an increase of 39.3%[41]