Xianhe(SH:603733)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 3,337,458,058.62, a 1.53% increase compared to the same period last year[11]. - Net profit attributable to shareholders rose by 84.45% year-on-year to CNY 494,485,766.11[11]. - Basic earnings per share increased by 79.55% to CNY 0.79[13]. - Total operating revenue for Q3 2020 reached ¥1,305,191,577.04, an increase of 10.19% compared to ¥1,184,329,841.80 in Q3 2019[49]. - Net profit for Q3 2020 was ¥212,833,254.97, a significant increase of 55.06% from ¥137,462,762.80 in Q3 2019[52]. - Total profit for Q3 2020 was ¥250,617,831.54, compared to ¥159,631,386.57 in Q3 2019, an increase of 56.94%[52]. - The company reported a significant increase in other income by 176.34% to ¥6,485,782.89 from ¥2,347,025.77, primarily due to social security subsidies related to the COVID-19 pandemic[25]. Assets and Liabilities - Total assets increased by 10.39% year-on-year to CNY 8,144,899,668.72[11]. - Non-current assets totaled ¥3,824,423,874.01, an increase from ¥3,508,609,020.57, reflecting a growth of about 9.0%[37]. - Current liabilities rose to ¥2,644,461,446.86, compared to ¥2,256,534,709.32, marking an increase of approximately 17.2%[37]. - Total liabilities decreased to ¥2,983,515,766.81 from ¥3,533,556,905.42, a reduction of about 15.6%[39]. - Owner's equity increased to ¥5,161,383,901.91, up from ¥3,844,766,208.68, indicating a growth of approximately 34.2%[39]. - Deferred income increased by 34.24% to ¥339,021,414.57 from ¥252,547,330.98, mainly due to increased government subsidies for project construction[25]. Cash Flow - Net cash flow from operating activities decreased by 179.16% year-on-year to -CNY 158,231,303.83[11]. - Cash flow from operating activities for the first three quarters of 2020 was negative at -¥158.23 million, compared to a positive cash flow of ¥199.88 million in the same period of 2019[69]. - Total cash inflow from investing activities was 769,759,850.62 RMB, while cash outflow was 1,576,531,735.72 RMB, resulting in a net cash flow of -806,771,885.10 RMB[73]. - Cash inflow from financing activities totaled 1,161,619,299.40 RMB, with cash outflow amounting to 1,428,121,968.04 RMB, leading to a net cash flow of -266,502,668.64 RMB[73]. Shareholder Information - The total number of shareholders at the end of the reporting period was 41,349[17]. - The largest shareholder, Zhejiang Xianhe Holding Group Co., Ltd., holds 76.49% of the shares[17]. Investment and Expenses - Investment income increased by 142.77% to ¥155,351,486.57 from ¥63,992,432.36, driven by higher returns from joint ventures and securities investments[25]. - Research and development expenses decreased to ¥24,190,252.17 in Q3 2020 from ¥31,813,566.08 in Q3 2019, a reduction of 23.93%[49]. - The company reported a decrease in financial expenses to ¥7,548,549.92 in Q3 2020 from ¥26,279,667.60 in Q3 2019, a decline of 71.25%[49]. Changes in Financial Reporting - The company executed the new revenue recognition standards starting January 1, 2020, impacting financial reporting[83]. - The company is not adjusting comparative data for the new revenue standards, ensuring consistency in financial reporting[94].