xinje(SH:603416)2020-10-23 16:00Financial Performance - Net profit attributable to shareholders rose by 112.61% to CNY 246,437,250.25 for the first nine months of the year[6]. - Operating revenue for the first nine months increased by 74.65% to CNY 810,995,433.21 compared to the same period last year[6]. - Basic earnings per share reached CNY 1.75, reflecting a growth of 113.41% compared to the previous year[7]. - The weighted average return on net assets improved by 8.25 percentage points to 18.75%[7]. - Net profit for the first three quarters of 2020 was ¥238,437,931.37, compared to ¥113,658,919.06 in the same period of 2019, representing a 109.5% increase[26]. - The net profit attributable to shareholders for Q3 2020 was ¥103,247,800.43, compared to ¥43,979,957.92 in Q3 2019, marking an increase of about 134%[28]. - The total profit for Q3 2020 was ¥116,985,675.03, up from ¥50,424,680.01 in Q3 2019, indicating a growth of approximately 132%[29]. - The company achieved a total profit of ¥283,669,677.48 for the first nine months of 2020, compared to ¥132,169,599.79 in the same period of 2019, reflecting an increase of approximately 114%[29]. Assets and Liabilities - Total assets increased by 38.34% to CNY 2,023,533,223.40 compared to the end of the previous year[6]. - The total assets of the company increased to ¥2,023,533,223.40 as of September 30, 2020, compared to ¥1,462,690,685.83 at the end of 2019[19]. - Total liabilities as of September 30, 2020, were ¥595,273,021.26, compared to ¥259,122,442.44 in the previous year, indicating a significant increase[24]. - Total liabilities reached approximately $259.12 million, with current liabilities at $240.40 million and non-current liabilities at $18.72 million[42]. - The total equity attributable to shareholders was ¥1,202,243,934.73, consistent with the previous year[38]. Cash Flow - Net cash flow from operating activities surged by 152.54% to CNY 209,386,196.53 year-to-date[6]. - Operating cash flow for the first nine months of 2020 was ¥209,386,196.53, compared to ¥82,911,495.33 in the same period of 2019, indicating a growth of about 152%[31]. - Total cash inflow from operating activities for the first nine months of 2020 was ¥659,284,128.55, up from ¥348,463,820.50 in 2019, reflecting an increase of approximately 89%[31]. - The net cash flow from operating activities for Q3 2020 was ¥210,378,509.14, a significant increase from ¥84,380,551.48 in Q3 2019, representing a growth of 148.5%[34]. - The cash inflow from operating activities was ¥658,327,944.07, up from ¥347,874,127.60 in Q3 2019, marking an increase of 89.2%[34]. Inventory and Expenses - Inventory increased significantly by 122.61% to ¥525,176,920.22, up from ¥235,922,135.79, reflecting higher sales revenue and increased stock levels[18]. - Research and development expenses grew by 48.92% to ¥57,612,021.35, compared to ¥38,687,516.40 in the same period last year, indicating a focus on innovation[14]. - Research and development expenses for the first three quarters of 2020 were ¥57,612,021.35, an increase from ¥38,687,516.40 in the same period of 2019, indicating a 48.9% rise[26]. - Total operating costs for Q3 2020 were ¥215,739,876.57, up 77% from ¥121,966,211.17 in Q3 2019[26]. Shareholder Information - The company reported a total of 5,692 shareholders at the end of the reporting period[12]. - The top shareholder, Li Xin, holds 35.10% of the shares, totaling 49,335,160 shares[10]. Government Support and Investments - The company received government subsidies amounting to CNY 3,621,906.24 during the reporting period[9]. - The company's long-term equity investment was recorded at ¥1,000,000.00, reflecting a new investment in Wuxi Yingnafis Sports Culture Development Co., Ltd.[18]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[25]. - The company has not disclosed any new product developments or market expansion strategies in this report[6].