SKSHU(SH:603737)2020-10-26 16:00Financial Performance - Operating revenue for the first nine months was RMB 4,995,493,001.82, reflecting a growth of 30.13% compared to the same period last year[7]. - Net profit attributable to shareholders was RMB 324,906,494.33, representing a year-on-year increase of 19.32%[7]. - Basic and diluted earnings per share were both RMB 1.48, up 42.31% from the previous year[7]. - Total operating revenue for Q3 2020 reached ¥2,400,985,330.48, a significant increase from ¥1,636,720,238.78 in Q3 2019, representing a growth of approximately 46.8%[28]. - Net profit for the first three quarters of 2020 was ¥4,995,493,001.82, up from ¥3,838,959,515.15 in the same period of 2019, indicating a growth of approximately 30.2%[28]. - The net profit attributable to shareholders of the parent company reached CNY 216,150,974.52, up 40.0% from CNY 154,388,286.25 in the same period last year[30]. - The total comprehensive income for Q3 2020 was CNY 228,009,076.83, compared to CNY 158,832,235.29 in Q3 2019, indicating a growth of 43.5%[31]. Assets and Liabilities - Total assets reached RMB 7,838,586,990.55, an increase of 38.12% compared to the end of the previous year[5]. - The company's total liabilities increased to RMB 5,337.00 million as of September 30, 2020, compared to RMB 3,838.85 million at the end of 2019, marking an increase of about 39.0%[23]. - The company's total liabilities reached ¥2,890,590,720.64, compared to ¥1,623,666,633.65 in the previous year, reflecting an increase of approximately 78.1%[27]. - The company's total equity stood at 1,836,449,720.31 RMB, reflecting the capital structure and financial health of the organization[43]. - The company’s total liabilities to equity ratio stands at approximately 0.89, suggesting a balanced capital structure[48]. Cash Flow - Cash flow from operating activities showed a net outflow of RMB 997,882,985.11, a significant increase in outflow compared to RMB -33,940,391.63 in the previous year[6]. - The net cash flow from operating activities for the first three quarters of 2020 was approximately -CNY 997.88 million, a significant decline from -CNY 33.94 million in the same period of 2019[38]. - The company reported a cash inflow from financing activities of approximately CNY 2.38 billion, compared to CNY 847.37 million in the same period of 2019, indicating a substantial increase in financing[39]. - The net cash flow from financing activities increased by 139.64% to RMB 1,195,727,610.10 from RMB 498,965,315.58, primarily due to increased bank loans and private placements[15]. Shareholder Information - Net assets attributable to shareholders increased to RMB 2,358,537,505.77, up 36.73% year-on-year[6]. - The top shareholder, Hong Jie, holds 65.97% of the shares, with 35,850,400 shares pledged[10]. - The company completed a share repurchase plan, acquiring a total of 1,523,685 shares, which represents 0.58% of the total share capital, with a repurchase amount exceeding the lower limit of RMB 150 million[16]. Research and Development - The company reported a significant increase in research and development expenses, which rose by 32.17% to RMB 117,143,269.96 from RMB 88,630,986.19[15]. - Research and development expenses for Q3 2020 were CNY 29,349,746.29, representing an increase of 30.3% from CNY 22,510,722.97 in Q3 2019[32]. Inventory and Receivables - Accounts receivable increased by 66.56% to RMB 2,513,318,958.24 from RMB 1,508,941,758.79, primarily due to increased sales in engineering, waterproofing, and decoration industries[13]. - The company's inventory level increased to ¥81,659,603.22, compared to ¥49,108,817.45 in the previous year, indicating a growth of approximately 66.2%[25]. - The company’s other receivables surged by 777.35% to RMB 619,492,438.86 from RMB 70,609,675.82, mainly due to an increase in performance guarantee deposits[13]. Financial Adjustments - The company adjusted its financial reporting by reclassifying RMB 236,108,457.97 from inventory to contract assets and RMB 60,922,530.85 from advance receipts to contract liabilities[45]. - The company has not restated prior financial data due to the new revenue recognition standards, ensuring consistency in reporting[50].