hailir(SH:603639)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 2,572,088,111.67, a 30.76% increase year-on-year[6] - Net profit attributable to shareholders increased by 20.35% to CNY 332,994,319.80 compared to the same period last year[6] - Basic earnings per share rose by 20.69% to CNY 1.40 per share[6] - Revenue for Q3 2020 reached CNY 2,572,088,111.67, a 30.76% increase compared to CNY 1,967,082,956.50 in Q3 2019[11] - Total operating revenue for Q3 2020 reached ¥665.39 million, a 24% increase from ¥536.73 million in Q3 2019[28] - Net profit for Q3 2020 was ¥80.85 million, compared to ¥75.98 million in Q3 2019, reflecting a 3.6% increase[29] - The company reported a total profit of ¥95.28 million for Q3 2020, slightly up from ¥95.23 million in Q3 2019[30] - The total comprehensive income for Q3 2020 was ¥80.85 million, compared to ¥75.98 million in Q3 2019[31] Assets and Liabilities - Total assets increased by 9.39% to CNY 3,825,621,350.83 compared to the end of the previous year[6] - Total liabilities amounted to CNY 1,283,386,208.32, an increase from CNY 1,254,082,667.28 year-over-year[21] - Current assets totaled CNY 1,141,705,250.89, a decrease from CNY 1,327,938,019.17 year-over-year[24] - Non-current assets were CNY 1,091,561,035.16, slightly down from CNY 1,100,205,391.38 year-over-year[24] - The total assets as of September 30, 2020, amounted to CNY 3,825,621,350.83, up from CNY 3,497,088,340.99 at the end of 2019[20] - Total liabilities amounted to CNY 1,254,082,667.28, with current liabilities at CNY 1,214,429,241.35[45] - The total equity attributable to shareholders reached CNY 2,243,005,673.71, reflecting a strong capital position[46] Cash Flow - Net cash flow from operating activities decreased by 46.23% to CNY 97,698,201.24 compared to the same period last year[6] - Cash flow from operating activities for the first three quarters of 2020 was RMB 97.70 million, down from RMB 181.70 million in the same period of 2019[38] - The company reported a total cash inflow from operating activities of CNY 931,292,026.66 for the first nine months of 2020, compared to CNY 689,545,027.00 for the same period in 2019, marking an increase of approximately 35.1%[40] - The company incurred total financing cash outflows of CNY 1,433,314,580.18 in Q3 2020, compared to CNY 1,232,863,762.12 in Q3 2019, reflecting an increase of approximately 16.2%[41] - The net cash flow from financing activities was negative at CNY 796,673,812.21 in Q3 2020, contrasting with a positive net cash flow of CNY 398,762,665.30 in Q3 2019[41] Shareholder Information - The total number of shareholders reached 13,854[8] - The top shareholder, Zhang Aiying, holds 38.28% of the shares, totaling 90,895,000 shares[8] Research and Development - Research and development expenses rose by 36.91% to CNY 98,874,668.75, reflecting increased investment in R&D[11] - Research and development expenses for the first three quarters of 2020 totaled ¥98.87 million, a 37% increase from ¥72.22 million in the same period of 2019[28] Investments and Projects - The company reported an investment income of CNY 5,969,982.06, a significant increase of 1,130.71% compared to CNY 485,083.85 in the previous year[11] - The construction of the second-generation nicotine insecticide project began trial production in June 2020, with successful operations reported[12] - The company is implementing multiple projects, including a 7,000T water-based formulation project and a 23,000T agricultural chemical formulation project[12] Changes in Financial Position - Long-term prepaid expenses increased by 176.95% to CNY 5,252,575.13, primarily due to new land leases[11] - The company adjusted its contract liabilities to CNY 119,863,019.78, indicating a shift in revenue recognition practices[11] - The company adopted new revenue recognition standards effective January 1, 2020, impacting the reporting of contract liabilities[51]