GSDC(SH:603458)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 18.31% to CNY 286,603,535.05 year-on-year[6] - Operating revenue for the first nine months was CNY 1,628,991,421.94, a slight increase of 0.57% compared to the same period last year[6] - Total revenue for Q3 2020 was approximately ¥654.1 million, a decrease of 9.2% compared to ¥720.7 million in Q3 2019[26] - Operating profit for Q3 2020 was approximately ¥165.6 million, an increase of 19.0% from ¥139.0 million in Q3 2019[28] - Net profit for Q3 2020 reached approximately ¥138.4 million, up 21.4% from ¥114.0 million in Q3 2019[28] - Q3 2020 revenue was CNY 432.27 million, a decrease of 18% from CNY 525.15 million in Q3 2019[31] - Operating profit for Q3 2020 was CNY 136.39 million, up 13.4% from CNY 120.23 million in Q3 2019[33] - Net profit for Q3 2020 reached CNY 115.68 million, an increase of 15.5% compared to CNY 100.14 million in Q3 2019[33] - Total comprehensive income for Q3 2020 was CNY 138.59 million, an increase from CNY 114.02 million in Q3 2019[33] Assets and Liabilities - Total assets increased by 3.85% to CNY 6,181,931,390.75 compared to the end of the previous year[6] - The company's total liabilities rose to ¥3,377,528,022.51, up from ¥3,315,763,290.72 at the end of 2019[18] - Total assets as of September 30, 2020, were approximately ¥5.37 billion, an increase from ¥5.16 billion at the end of 2019[22] - Total liabilities as of September 30, 2020, were approximately ¥2.87 billion, compared to ¥2.79 billion at the end of 2019[22] - Total current assets decreased slightly to CNY 4,374,018,548.45 from CNY 4,368,353,912.60, a change of CNY -5,664,635.85[40] - Total non-current assets increased to CNY 1,578,606,527.51 from CNY 1,556,439,862.18, reflecting a change of CNY -22,166,665.33[41] - Total liabilities rose to CNY 3,315,763,290.72 from CNY 3,294,224,244.02, indicating an increase of CNY -21,539,046.70[42] - Shareholders' equity totaled CNY 2,636,861,785.24, up from CNY 2,630,569,530.76, a change of CNY -6,292,254.48[42] Cash Flow - The net cash flow from operating activities improved significantly, with a reduction in outflow of 93.58%, amounting to -CNY 30,013,635.53[6] - Cash flow from operating activities improved by 93.58%, reaching -¥30,013,635.53, attributed to increased collections and reduced guarantee deposits[12] - Cash flow from investing activities decreased by 326.08% to -¥283,619,992.63, mainly due to increased external investments[12] - Cash flow from financing activities fell by 88.61% to ¥36,896,087.12, primarily due to reduced new borrowings and dividend distributions[12] - The company raised CNY 650,300,000.00 from financing activities, up from CNY 545,000,000.00 in the same period last year[36] - The net cash flow from financing activities was CNY 36,896,087.12, a decrease from CNY 323,836,136.14 in the previous year[36] - The company's cash inflow from operating activities for the first three quarters of 2020 was CNY 1,560,592,403.25, an increase of 33% compared to CNY 1,174,191,321.06 in the same period of 2019[35] - The cash outflow for purchasing goods and services was CNY 745,754,001.79, an increase from CNY 644,764,318.82 in the previous year[35] Shareholder Information - The total number of shareholders reached 21,925, indicating a stable shareholder base[8] - The company received government subsidies amounting to CNY 32,182,318.50 during the reporting period[7] Investment and Expenses - Financial expenses increased by 328.22% to ¥66,121,190.85 due to higher interest costs from bank loans[12] - Investment income rose by 687.88% to ¥13,597,864.95, primarily from increased bond returns[12] - Research and development expenses for Q3 2020 were approximately ¥21.7 million, down 18.5% from ¥26.5 million in Q3 2019[26] - R&D expenses in Q3 2020 were CNY 17.82 million, a decrease of 10.7% from CNY 19.95 million in Q3 2019[31] Revenue Recognition - The company executed new revenue recognition standards, resulting in a shift of CNY 1,216,107,190.07 to contract assets[10] - The company implemented a new revenue recognition standard effective January 1, 2020, impacting the financial statements[42] - The company executed the new revenue recognition standard starting January 1, 2020, impacting the financial reporting[46]