UE(SH:603600)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 44.61% to CNY 207,172,776.28 for the first nine months of the year[5] - Operating revenue for the first nine months reached CNY 2,322,560,297.56, a 31.10% increase year-on-year[5] - Basic earnings per share rose by 43.75% to CNY 0.69[6] - The weighted average return on net assets increased by 4.04 percentage points to 15.80%[6] - The company's net profit for the first three quarters of 2020 was ¥179,479,957.99, compared to ¥101,409,357.92 in the same period of 2019, showing an increase of about 76.9%[27] - The total profit for Q3 2020 was ¥118,761,716.76, up from ¥64,027,953.66 in the same period last year, reflecting a growth of approximately 85%[30] - The company's net profit for Q3 2020 was CNY 62,615,616.79, an increase of 22% compared to CNY 51,317,769.48 in Q3 2019[33] Assets and Liabilities - Total assets increased by 47.62% to CNY 2,813,575,732.38 compared to the end of the previous year[5] - The company's total liabilities increased to ¥1,413,822,799.98 from ¥657,708,130.25, reflecting a growth of 114.66%[23] - The total assets as of Q3 2020 amounted to ¥2,612,493,677.27, compared to ¥1,766,053,371.23 in Q3 2019, marking an increase of about 48.0%[27] - Current liabilities totaled ¥1,520,912,914.51 in Q3 2020, up from ¥752,876,337.35 in Q3 2019, which is an increase of approximately 101.0%[27] - The total current assets were CNY 1,060,097,421.95, demonstrating a solid asset base[46] Cash Flow - Net cash flow from operating activities decreased by 3.38% to CNY 218,254,306.70 compared to the same period last year[5] - The company reported a net cash outflow from investing activities of CNY 213,441,702.88 for the first nine months of 2020, compared to a smaller outflow of CNY 47,296,717.70 in the same period of 2019[37] - The net cash flow from operating activities for the first nine months of 2020 was ¥185,448,094.51, a decrease of 21.6% compared to ¥236,639,067.86 in the same period of 2019[39] - Cash outflow from operating activities totaled ¥2,152,893,634.15, up 20.4% from ¥1,787,898,188.06 in 2019[39] Shareholder Information - The total number of shareholders reached 9,793 at the end of the reporting period[8] - The largest shareholder, Yongyi Holdings Co., Ltd., holds 25.72% of the shares, with 32,000,000 shares pledged[8] - The total equity attributable to shareholders increased to ¥1,380,824,484.31 from ¥1,235,749,558.05, reflecting an increase of 11.74%[23] Expenses and Costs - The financial expenses surged by 390.10% to RMB 41,194,212.33 from a negative RMB 14,200,035.87, mainly due to increased exchange losses and interest expenses[15] - Total operating costs for Q3 2020 were ¥989,401,315.08, compared to ¥564,608,179.88 in Q3 2019, indicating an increase of about 75.3%[29] - Research and development expenses for Q3 2020 were ¥24,070,293.79, compared to ¥18,601,978.19 in Q3 2019, reflecting an increase of approximately 29.5%[29] Revenue Recognition and Adjustments - The company adjusted "prepayments" to "contract liabilities" under the new revenue recognition standards[48] - The company's contract liabilities reached RMB 25,834,018.01, reflecting a reclassification from advance receipts due to new revenue recognition standards[13] Government Support - The company received government subsidies amounting to CNY 19,387,018.17 for the year-to-date[6] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the upcoming quarters[28]