TC(SH:603421)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,181,525,546.73, a 15.85% increase year-on-year[6] - Net profit attributable to shareholders decreased by 25.02% to CNY 114,357,404.92 compared to the same period last year[6] - Basic earnings per share dropped by 48.48% to CNY 0.17[6] - Total operating revenue for Q3 2020 reached ¥546,535,514.79, an increase of 30.5% compared to ¥418,727,511.24 in Q3 2019[22] - Net profit for the first three quarters of 2020 was ¥1,181,525,546.73, compared to ¥1,019,852,542.45 in the same period of 2019, indicating a growth of 15.8%[22] - The net profit for Q3 2020 was ¥70.48 million, compared to ¥76.15 million in Q3 2019, reflecting a decrease of 8.8%[25] - Total comprehensive income for the third quarter was CNY 60,885,961.91, compared to CNY 203,625,041.54 in the same period last year, indicating a significant decrease[29] Assets and Liabilities - Total assets increased by 1.66% to CNY 3,811,635,675.64 compared to the end of the previous year[6] - Total assets increased from CNY 3,749,392,329.63 to CNY 3,811,635,675.64[14] - Total liabilities increased from CNY 720,016,627.76 to CNY 734,606,899.65[14] - The company's total assets as of September 30, 2020, amounted to ¥3,913,777,698.59, a decrease from ¥4,004,835,879.43 at the end of 2019[19] - The total liabilities decreased to ¥530,601,984.09 from ¥606,311,943.62 year-over-year, showing a reduction of 12.5%[19] - Total liabilities amounted to $606,311,943.62, reflecting the company's financial obligations[44] - Total equity reached $3,398,523,935.81, indicating a strong shareholder position[44] Cash Flow - Net cash flow from operating activities improved by 24.99%, reaching CNY -113,015,524.09[6] - Cash inflow from operating activities for the first three quarters was CNY 1,325,554,813.97, slightly up from CNY 1,232,834,413.42 year-on-year[32] - Cash outflow from investment activities totaled CNY 762,851,133.24, down from CNY 1,099,248,819.03 in the same period last year[33] - The company reported a net cash outflow of CNY 251,717,384.63 for the quarter, compared to a smaller outflow of CNY 12,354,752.57 in the previous year[33] Shareholder Information - The total number of shareholders reached 24,989 by the end of the reporting period[8] - The largest shareholder, Zeng Fanyi, holds 26.70% of the shares, totaling 175,339,440 shares[8] Inventory and Receivables - Inventory increased by 44.21% from CNY 705,173,332.03 to CNY 1,016,902,812.76 due to increased procurement of raw materials[10] - Accounts receivable financing decreased by 69.50% from CNY 75,198,277.01 to CNY 22,932,584.12 primarily due to increased payments to suppliers using notes[10] Financial Ratios and Returns - The weighted average return on net assets decreased by 1.65 percentage points to 3.72%[6] - The total liabilities to equity ratio stands at approximately 0.24, indicating a healthy leverage position[39] Research and Development - The company reported R&D expenses of ¥135,471,266.21 for the first three quarters of 2020, slightly down from ¥137,768,361.07 in the same period of 2019[22] - Research and development expenses in Q3 2020 amounted to ¥53.94 million, a 47.9% increase from ¥36.53 million in Q3 2019[27] Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[6] - Future outlook includes potential market expansion and new product development initiatives to drive growth[38]