Kings(SH:603505)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 167,571,572.61, reflecting a year-on-year increase of 1.11%[16] - Operating income for the period from January to September was CNY 559,033,037.36, up by 2.86% compared to the same period last year[16] - Total operating revenue for Q3 2020 reached ¥235,230,471.38, a 26.67% increase from ¥185,730,306.02 in Q3 2019[30] - Net profit for Q3 2020 was ¥79,925,696.36, representing a 43.36% increase compared to ¥55,788,370.92 in Q3 2019[33] - Total profit for the first three quarters of 2020 was ¥114,215,331.83, up from ¥93,974,575.17 in the same period of 2019, reflecting a growth of 21.5%[36] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,873,130,123.49, an increase of 2.34% compared to the end of the previous year[16] - Total liabilities increased to ¥850,781,095.02, up from ¥815,460,957.76 year-over-year, representing a growth of approximately 8.1%[26] - Total equity attributable to shareholders reached ¥1,001,933,189.37, compared to ¥1,000,361,045.08 in the previous year, showing a slight increase of 0.2%[27] - The total assets of the company reached ¥1,304,595,286.85, compared to ¥1,229,428,782.71, marking an increase of about 6.1%[28] Cash Flow - The net cash flow from operating activities decreased by 17.47% to CNY 156,779,416.89 compared to the previous year[16] - The net cash flow from investing activities was -¥135,686,200.81, worsening from -¥100,293,740.29, mainly due to increased payments for engineering equipment[23] - The net cash flow from financing activities was -¥83,631,910.96, compared to -¥25,246,303.33, primarily due to the company's share repurchase activities[23] - Cash flow from operating activities for the first three quarters of 2020 was ¥156,779,416.89, down from ¥189,962,170.90 in the same period of 2019[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,306[20] - Zhejiang Jinshi Industrial Co., Ltd. held 50.20% of the shares, with 5,830,000 shares pledged[20] Research and Development - Research and development expenses surged by 108.36% to ¥9,555,537.35 from ¥4,586,000.55, reflecting the company's increased investment in R&D[22] - Research and development expenses for Q3 2020 amounted to ¥6,483,990.69, significantly higher than ¥952,927.54 in Q3 2019, indicating a focus on innovation[33] Expenses - Financial expenses increased by 61.59% to ¥19,779,014.92 from ¥12,240,023.52, primarily due to a rise in bank loans leading to higher interest expenses[22] - Selling expenses for Q3 2020 were ¥14,530,154.59, an increase from ¥11,964,089.22 in Q3 2019, indicating higher marketing efforts[33] - Management expenses for Q3 2020 rose to ¥18,435,304.79, compared to ¥12,322,890.78 in Q3 2019, reflecting increased operational costs[33] Cash and Cash Equivalents - As of September 30, 2020, cash and cash equivalents decreased by 33.81% to ¥146,462,842.67 from ¥221,262,314.86 as of December 31, 2019, primarily due to share repurchase expenditures during the reporting period[22] - The company's cash and cash equivalents decreased to ¥108,980,483.01 from ¥158,410,709.85, a decline of approximately 31.2%[27] - The company reported a total cash and cash equivalents balance of ¥102,819,453.02 at the end of the third quarter, slightly down from ¥103,657,961.12 at the end of the previous year[42] Market Strategy - The company aims to continue expanding its market presence and investing in new technologies to drive future growth[32]