Kersen(SH:603626)2020-10-20 16:00Financial Performance - Operating revenue for the first nine months reached CNY 2,492,458,415.06, an increase of 82.45% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 75,137,307.39, a significant recovery from a loss of CNY 69,479,477.18 in the previous year[5] - The weighted average return on equity improved to 3.79% from -3.87% year-over-year[5] - Basic earnings per share increased to CNY 0.1621 from a loss of CNY 0.1677 in the previous year[5] - Net profit attributable to the parent company for the first three quarters of 2020 was ¥414,474,623.02, up from ¥293,121,533.24 in the same period of 2019, reflecting a growth of approximately 41.3%[20] - The net profit for Q3 2020 was approximately ¥62.64 million, a turnaround from a net loss of ¥9.69 million in the previous year[28] Assets and Liabilities - Total assets increased by 23.95% to CNY 5,698,998,017.83 compared to the end of the previous year[5] - The total number of shareholders reached 18,789 by the end of the reporting period[8] - The total liabilities increased to 3,470,274,904.45 RMB, compared to 2,897,124,208.04 RMB in the previous period[16] - Total assets as of September 30, 2020, amounted to ¥4,675,642,611.31, compared to ¥3,840,959,859.81 at the end of 2019, marking an increase of about 21.8%[20] - Total liabilities as of September 30, 2020, were ¥2,479,591,344.74, up from ¥2,225,676,144.44 at the end of 2019, representing an increase of approximately 11.4%[20] - Total current assets amounted to approximately $1.32 billion, with cash and cash equivalents at $59.95 million and accounts receivable at $848.63 million[39] Cash Flow - Net cash flow from operating activities decreased by 71.59% to CNY 101,130,963.60 compared to the same period last year[5] - Cash flow from operating activities for the first nine months of 2020 was ¥101.13 million, down 71.6% from ¥356.01 million in the same period of 2019[30] - Cash inflow from operating activities for Q3 2020 was CNY 1,811,223,427.24, an increase of 17.4% compared to CNY 1,543,512,766.97 in Q3 2019[33] - Net cash flow from financing activities improved to CNY 287,986,083.44, compared to a net outflow of CNY 456,290,057.60 in Q3 2019[33] Shareholder Information - The top shareholder, Xu Jingen, holds 28.85% of the shares, with 66,560,000 shares pledged[9] - The company's total equity attributable to shareholders reached ¥2,196,051,266.57 as of September 30, 2020, compared to ¥1,615,283,715.37 at the end of 2019, indicating a growth of about 35.9%[20] - The company reported a total equity of CNY 1,700,847,393.37, consistent with the previous reporting period[37] Operational Metrics - Revenue for the quarter reached 1,104,950,625.99 RMB, an increase of 80.88% attributed to improved capacity utilization[10] - Operating costs increased by 897,426,640.77 RMB, up 84.08% in line with revenue growth[10] - The company's operating revenue for Q3 2020 reached ¥779,350,759.61, a significant increase from ¥360,407,843.42 in Q3 2019, representing a growth of approximately 116.2%[27] Future Outlook - Future outlook includes potential market expansion and new product development strategies, although detailed projections were not provided[40] - The company is exploring mergers and acquisitions as part of its growth strategy, with no specific targets mentioned in the content[40]