JZNEE(SH:603507)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,446,952,549.09, an increase of 34.24% year-on-year[6] - Net profit attributable to shareholders was CNY 59,275,129.19, a significant increase of 3,531.85% compared to the same period last year[6] - The total profit for the first nine months was RMB 68,052,656.23, a dramatic increase of 1710.11% from RMB 3,759,583.56 in the previous year[15] - Basic earnings per share for the period were CNY 0.472, a substantial increase of 4,620.00% compared to CNY 0.010 in the previous year[8] - Net profit for the first nine months was RMB 59,390,339.35, representing a significant increase of 1767.25% from RMB 3,180,629.48 in the previous year[15] - The net profit for Q3 2020 was ¥32,826,621.78, compared to a net profit of ¥16,730,156.30 in Q3 2019, reflecting a 96.5% year-over-year increase[33] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 199,606,832.13, a turnaround from a negative cash flow of CNY -143,044,843.18 in the previous year[6] - The cash flow from operating activities for the first three quarters of 2020 was ¥199,606,832.13, a turnaround from a negative cash flow of ¥143,044,843.18 in the first three quarters of 2019[35] - The total cash inflow from operating activities for the first three quarters of 2020 was CNY 1,560,022,585.92, which is a substantial increase compared to CNY 1,144,768,839.84 in the same period of 2019, reflecting a growth of about 36.3%[37] - The net cash flow from investing activities was -CNY 147,367,177.07, an improvement from -CNY 339,371,322.90 in the same period last year, showing a reduction in losses by about 56.5%[38] - The company experienced a net decrease in cash and cash equivalents of CNY 39,083,842.27 during the third quarter of 2020, compared to a net decrease of CNY 215,259,656.44 in the same quarter of the previous year, indicating an improvement in cash management[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,287,604,534.06, a decrease of 2.03% compared to the end of the previous year[6] - Total liabilities decreased to CNY 1,821,979,701.62 from CNY 1,908,331,482.38, a decrease of about 4.53%[21] - Current liabilities decreased to CNY 1,489,943,967.65 from CNY 1,579,337,458.25, a reduction of about 5.66%[20] - Owner's equity increased to CNY 1,465,624,832.44 from CNY 1,447,453,528.01, an increase of approximately 1.19%[21] - The company's cash and cash equivalents decreased by 46.79% to RMB 138,827,778.51 from RMB 260,902,553.70 at the beginning of the year, primarily due to a reduction in bank guarantees[13] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,231[10] - The largest shareholder, Hu Zhen, holds 29.12% of the shares, with 17,865,700 shares pledged[10] Research and Development - Research and development expenses rose by 49.74% to RMB 50,912,687.06, reflecting increased investment in R&D activities[15] - Research and development expenses increased to ¥39,296,385.08 in the first three quarters of 2020, up from ¥24,448,295.39 in the same period of 2019, indicating a focus on innovation[33] Other Income and Expenses - The company received government subsidies amounting to CNY 5,792,200.94, closely related to its normal business operations[8] - Non-recurring gains and losses totaled CNY 4,968,213.25 for the reporting period[9] - The company reported a 223.58% increase in other income to RMB 1,735,085.18, mainly due to increased subsidies received[15] - The financial expenses for Q3 2020 were ¥22.62 million, a substantial increase from ¥5.63 million in Q3 2019[27] - The company recorded a financial expense of ¥36,627,466.41 for the first three quarters of 2020, compared to ¥31,666,809.08 in the same period of 2019, indicating increased borrowing costs[33]