东方电缆(603606) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was RMB 613,370,761.85, representing a year-on-year growth of 102.85%[6] - Operating revenue for the first nine months was RMB 3,522,288,897.34, up 37.15% from the same period last year[6] - The net cash flow from operating activities was RMB 553,621,525.83, a significant increase of 27,088.56% year-on-year[6] - Basic earnings per share increased to RMB 0.94, up 104.35% compared to the previous year[8] - The weighted average return on net assets was 25.58%, an increase of 9.51 percentage points year-on-year[8] - The company reported a net profit of RMB 1,406,493,875.82 in retained earnings, compared to RMB 878,156,701.70, indicating an increase of about 60%[24] - Net profit for the first three quarters of 2020 was ¥1,367,917,244.56, compared to ¥842,471,908.41 in the same period of 2019, indicating a growth of 62.3%[28] - The total profit for the first three quarters of 2020 was ¥711,515,904.71, compared to ¥352,202,185.78 in the same period of 2019, indicating a year-over-year increase of 102.1%[34] Assets and Liabilities - Total assets reached RMB 6,006,476,538.16, an increase of 52.33% compared to the end of the previous year[6] - The company's current assets totaled RMB 4,812,243,865.54, up from RMB 2,964,152,685.62, indicating a growth of about 62.2% year-over-year[22] - The total liabilities amounted to RMB 3,142,984,678.72, which is an increase from RMB 1,800,435,502.97, representing a growth of approximately 74.5%[24] - The total assets as of Q3 2020 amounted to ¥5,984,405,465.63, a significant increase from ¥3,887,640,387.40 in Q3 2019, representing a growth of 54.0%[28] - Total liabilities reached ¥3,162,349,361.08 in Q3 2020, compared to ¥1,783,445,828.29 in Q3 2019, marking an increase of 77.1%[28] - The total equity attributable to shareholders reached ¥2,822,056,104.55 in Q3 2020, up from ¥2,104,194,559.11 in Q3 2019, representing a growth of 34.1%[28] Revenue Sources - The revenue from submarine cable systems and marine engineering reached RMB 1,756,000,000, growing by 63.74% and accounting for 49.86% of total revenue[8] - The company reported a total revenue from sales of goods and services of CNY 3,501,186,689.42 for the first three quarters of 2020, up from CNY 2,090,795,544.89 in 2019, marking an increase of approximately 67.5%[40] Cash Flow - Cash and cash equivalents increased by 61.28% to ¥1,598,436,822.59 due to the issuance of convertible bonds[13] - The total operating cash inflow for the first three quarters of 2020 was CNY 4,029,530,972.30, compared to CNY 2,316,126,487.40 in the same period of 2019, representing an increase of approximately 74.0%[40] - The net cash flow from operating activities for the first three quarters of 2020 was CNY 606,630,198.58, a significant increase from CNY 49,731,159.47 in the previous year[40] - The net cash flow from financing activities was CNY 290,105,341.93, recovering from a negative cash flow of CNY -384,810,880.93 in the previous year[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,030[10] - The largest shareholder, Ningbo Oriental Group Co., Ltd., held 33.26% of the shares, with 217,524,444 shares pledged[10] Research and Development - Research and development expenses grew by 35.00% to ¥120,472,135.91, as the company continued to invest in high-end cable technology[16] - Research and development expenses for Q3 2020 were ¥44,838,366.00, compared to ¥31,328,635.41 in Q3 2019, indicating a year-over-year increase of 43.2%[29] Government Support - Government subsidies recognized in the current period amounted to RMB 2,579,383.09, contributing to the overall financial performance[9] - Other income surged by 453.62% to ¥48,708,614.22, primarily due to increased government subsidies received[17]