Great Shengda(SH:603687)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 32.36% to CNY 116,637,942.80 year-on-year[11] - Operating income rose by 1.93% to CNY 937,846,221.00 for the first nine months of the year[11] - Basic earnings per share increased by 16.67% to CNY 0.28[13] - Net profit for the first nine months of 2020 was RMB 112,536,485.76, a 32.49% increase, driven by asset disposal gains from government relocation[28] - Operating profit increased by 35.36% to RMB 129,946,058.60, also influenced by asset disposal gains[28] - Total revenue for Q3 2020 reached ¥363,009,123.21, an increase from ¥310,500,547.19 in Q3 2019, representing a growth of approximately 16.9%[54] - Net profit for Q3 2020 was ¥11,823,823.28, compared to ¥14,087,846.50 in Q3 2019, indicating a decrease of about 16.9%[58] - Total comprehensive income for Q3 2020 was approximately ¥11.86 million, compared to ¥14.08 million in Q3 2019, reflecting a decrease of about 15.6%[64] Assets and Liabilities - Total assets increased by 31.33% to CNY 2,820,338,534.69 compared to the end of the previous year[11] - As of September 30, 2020, total current assets increased to approximately ¥1.73 billion, up from ¥877.53 million as of December 31, 2019, representing a growth of 96.5%[36] - Total non-current assets decreased to approximately ¥1.10 billion from ¥1.27 billion, a reduction of 13.7%[40] - Total liabilities increased to approximately ¥1.18 billion from ¥687.58 million, reflecting a growth of 71.5%[42] - The company's total assets reached approximately ¥2.82 billion, up from ¥2.15 billion, indicating an increase of 31.1%[42] - Current liabilities totaled approximately $530.16 million, with short-term borrowings at $40.05 million and accounts payable at $242.05 million[84] - Total liabilities reached approximately $687.58 million, with non-current liabilities accounting for about $157.41 million[84] Cash Flow - Net cash flow from operating activities decreased by 8.58% to CNY 103,131,547.30 compared to the same period last year[11] - The company reported a significant increase in investment cash flow, with a net cash inflow of RMB 82,882,889.42, compared to a net outflow of RMB -110,859,637.20 in the same period last year[28] - Cash flow from financing activities included CNY 825,566,037.74 from loans, up from CNY 170,000,000.00 in the previous year, indicating a substantial increase of approximately 385.6%[75] - Net cash flow from financing activities was CNY 597,604,384.21, up from CNY 110,714,016.23, indicating a growth of approximately 438.5%[78] - The ending cash and cash equivalents balance stood at CNY 617,957,978.33, compared to CNY 228,663,470.55 at the end of the same period last year, reflecting an increase of about 170%[78] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,760[18] - The largest shareholder, Hangzhou Xingshida Investment Co., Ltd., holds 65.49% of the shares, with 75,085,325 shares pledged[18] Government and Subsidies - Government subsidies recognized in the current period amounted to CNY 7,819,756.32[12] Investment and Construction - The company has invested approximately ¥35.56 million in construction projects, up from ¥15.13 million, indicating a growth of 134.0%[40] - The company signed a land storage agreement with the Xiaoshan Economic and Technological Development Zone, receiving a total compensation of RMB 47,776,210.00[29] Research and Development - Research and development expenses for Q3 2020 amounted to ¥14,595,215.55, compared to ¥10,698,648.61 in Q3 2019, reflecting an increase of approximately 36.5%[54] - Research and development expenses for Q3 2020 were approximately ¥11.32 million, up from ¥7.48 million in Q3 2019, marking an increase of about 51.0%[64]