HJT(SH:603577)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 107.64% to CNY 93,141,443.91 for the first nine months of the year[7] - Operating revenue for the first nine months reached CNY 1,558,949,789.35, a 47.48% increase year-on-year[7] - Basic earnings per share rose by 76.46% to CNY 0.3231[7] - The company reported a net profit of CNY 347,308,526.37, compared to CNY 272,286,800.08 in the previous year, reflecting a growth of approximately 27.6%[20] - The company reported a significant increase in other income for the third quarter, amounting to CNY 2,907,447.84, a substantial increase of 239.58% from CNY 856,191.41 in the same period last year[18] - The total profit for the first three quarters of 2020 was ¥93,336,325.37, compared to ¥37,771,043.62 in the same period of 2019, reflecting a 147.5% increase[31] Assets and Liabilities - Total assets increased by 5.76% to CNY 2,631,384,616.76 compared to the end of the previous year[7] - The company's total liabilities reached CNY 1,301,901,820.63, an increase from CNY 1,233,283,308.33, marking a growth of around 5.6%[20] - Current liabilities totaled CNY 1,146,634,764.73, compared to CNY 1,100,129,390.37, reflecting an increase of about 4.2%[19] - The company's cash and cash equivalents decreased by 66.58% to CNY 96,122,986.59 due to delayed project deliveries and increased procurement payments[11] - The company's cash and cash equivalents decreased to CNY 96,122,986.59 from CNY 287,630,769.89 at the end of the previous year, reflecting a significant reduction in liquidity[18] - The company's total equity reached CNY 1,254,673,677.93, including CNY 272,286,800.08 in undistributed profits[44] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 168,554,262.29, compared to a net outflow of CNY 137,678,116.52 in the same period last year[7] - The cash inflow from operating activities for the first three quarters of 2020 was ¥1,196,302,950.80, down from ¥1,227,091,944.09 in the same period of 2019, indicating a decline in sales revenue[38] - The company reported a cash inflow from investment activities of 408,219,614.70 RMB in Q3 2020, a significant increase from 52,121.68 RMB in Q3 2019, suggesting improved investment recovery[39] Costs and Expenses - The operating cost for the third quarter was CNY 1,210,530,035.95, up 44.48% from CNY 837,877,741.32 year-on-year, mainly due to the increase in sales volume[18] - Research and development expenses amounted to CNY 51,077,387.99, a 51.27% increase from CNY 33,766,214.15 in the previous year, attributed to higher material consumption for R&D projects[18] - The company reported a significant increase in financial expenses, amounting to CNY 43,479,866.49, up 42.94% from CNY 30,419,288.89, mainly due to exchange rate fluctuations[18] - The company’s financial expenses rose to ¥17,456,176.81 in Q3 2020, compared to ¥9,900,799.00 in Q3 2019, indicating a 76.5% increase[30] Inventory and Receivables - Trade receivables increased by 35.57% to CNY 702,065,503.29, attributed to increased sales scale[11] - Inventory decreased to CNY 789,714,651.67 from CNY 911,394,905.15, showing a decline of about 13.4%[22] - The company reported a decrease in accounts receivable from CNY 542,971,317.85 to CNY 470,350,560.82, a reduction of CNY 72,620,757.03[46] Strategic Changes - The company has undergone a change in its controlling shareholder, with the new actual controller being Mr. Han Jingyuan, which may influence future strategic decisions[14] - The company plans to continue investing in R&D to enhance product offerings and market competitiveness[29] Regulatory Changes - The company implemented new revenue and lease standards starting from 2020, with retrospective adjustments to prior comparative data[49] - The audit report is not applicable for the current period[49]