TORCH ELECTRON(SH:603678)2020-10-23 16:00Financial Performance - Operating revenue for the first nine months reached CNY 2,474,447,965.70, a 43.28% increase year-on-year[17]. - Net profit attributable to shareholders rose by 46.28% to CNY 425,248,110.50 compared to the same period last year[17]. - Basic earnings per share increased by 46.88% to CNY 0.94[17]. - The company's operating revenue for the current period is CNY 2,474,447,965.70, representing a year-on-year increase of 43.28% compared to CNY 1,727,024,346.06[25]. - The net profit for the first three quarters of 2020 was ¥1,171,920,550.50, compared to ¥942,942,823.01 in the same period of 2019, reflecting a significant growth[54]. - The net profit for Q3 2020 reached ¥112.92 million, compared to ¥60.92 million in Q3 2019, reflecting an 85% year-over-year growth[64]. - The total comprehensive income for the first three quarters of 2020 was CNY 305,694,179.99, compared to CNY 216,221,962.14 in the same period of 2019, representing an increase of approximately 41.5%[66]. Asset Management - Total assets increased by 21.11% to CNY 5,348,791,249.70 compared to the end of the previous year[17]. - The company's current assets reached CNY 3,676,402,283.19, up from CNY 2,890,093,906.93 in the previous year, indicating a growth of approximately 27.2%[41]. - Cash and cash equivalents increased significantly to CNY 735,131,171.92 from CNY 441,681,622.07, representing a growth of about 66.5%[41]. - The total assets as of September 30, 2020, were ¥3,774,113,064.86, an increase from ¥3,027,218,161.57 at the end of 2019[54]. - The company's total current assets amounted to CNY 1,274,776,052.68, with inventory valued at CNY 300,013,530.84[85]. Liabilities and Equity - The total liabilities of the company were CNY 1,666,450,591.11, compared to CNY 1,235,682,905.01 at the end of 2019, reflecting an increase of about 35%[45]. - The company's equity attributable to shareholders reached CNY 3,567,708,717.80, up from CNY 3,112,934,407.56, indicating a growth of approximately 14.6%[45]. - The total liabilities increased to ¥836,535,806.97 from ¥418,275,929.36, showing a significant rise in financial obligations[54]. - Total equity attributable to shareholders reached CNY 3,112,934,407.56, with total equity including minority interests at CNY 3,180,924,345.07[83]. Cash Flow - Cash flow from operating activities decreased by 58.72% to CNY 41,456,358.82 compared to the same period last year[17]. - The net cash flow from operating activities for the first three quarters of 2020 was CNY 41,456,358.82, a decrease from CNY 100,432,699.15 in the previous year[70]. - Cash inflow from operating activities for the first three quarters of 2020 was CNY 2,356,302,321.83, up from CNY 1,675,393,571.94 in 2019, indicating a growth of about 40.5%[69]. - The cash inflow from financing activities in the first three quarters of 2020 was CNY 1,072,620,756.63, compared to CNY 422,064,070.79 in 2019, representing an increase of about 154%[70]. Investment and Expenses - Research and development expenses increased by 35.89% to CNY 40,186,418.96, primarily due to increased salary and material costs[25]. - The company reported a significant decrease in investment income, with a loss of CNY 1,898,218.79 compared to a gain of CNY 6,745,735.18 in the previous year[25]. - The company plans to invest CNY 20 million in establishing a wholly-owned subsidiary focused on high-performance fibers and composite materials[32]. - R&D expenses for Q3 2020 amounted to ¥18,587,803.76, a 53.5% increase compared to ¥12,092,973.23 in Q3 2019[56]. Shareholder Information - The number of shareholders at the end of the reporting period was 14,879, with the largest shareholder holding 36.78% of the shares[20]. - The company has approved a share repurchase plan of CNY 30 million, with a buyback period not exceeding 12 months[34].