TKD(SH:603738)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 83.18% to CNY 11,084,633.80 year-on-year[6] - Operating income rose by 4.16% to CNY 436,220,522.71 for the year-to-date period[6] - Basic earnings per share increased by 75.00% to CNY 0.07[6] - Diluted earnings per share increased by 133.33% to CNY 0.07[6] - Net profit for the first three quarters increased by 46.34% to ¥10,319,978.82 from ¥7,051,836.75, driven by increased revenue and gross margin[12] - Other income increased by 77.50% to ¥5,862,591.88 from ¥3,302,810.61, mainly due to an increase in government subsidies recognized during the reporting period[12] - Total operating revenue for Q3 2020 reached ¥192.74 million, a 18.6% increase from ¥162.49 million in Q3 2019[23] - The company reported a total profit of ¥7.50 million for Q3 2020, an increase from ¥6.10 million in Q3 2019[24] - The company’s total profit for the first three quarters of 2020 was ¥15.17 million, compared to ¥14.23 million in the same period of 2019[24] Assets and Liabilities - Total assets increased by 5.07% to CNY 1,242,094,512.80 compared to the end of the previous year[6] - Total liabilities increased to CNY 372.93 million in Q3 2020, up from CNY 351.25 million in Q3 2019, representing a growth of 4.76%[17] - Current liabilities totaled CNY 326.66 million in Q3 2020, compared to CNY 253.19 million in Q3 2019, marking a significant increase of 28.94%[17] - The company’s total assets were reported at ¥932,324,669.54, reflecting a stable asset base amidst market fluctuations[39] - Total current liabilities amounted to ¥253,189,548.09, with short-term borrowings at ¥120,000,000.00 and accounts payable at ¥98,809,702.15[35] - Total non-current liabilities reached ¥98,061,364.27, including bonds payable of ¥50,757,074.21 and deferred income of ¥47,304,290.06[35] Cash Flow - Net cash flow from operating activities decreased by 54.38% to CNY 63,030,680.36 compared to the same period last year[6] - The company's cash flow from operating activities for the first three quarters of 2020 was RMB 63,030,680.36, a decrease from RMB 138,167,824.39 in the same period of 2019[29] - The cash inflow from operating activities in Q3 2020 was RMB 474,002,944.51, compared to RMB 501,024,956.55 in Q3 2019[29] - The company experienced a net decrease in cash and cash equivalents of ¥6,099,008.20, contrasting with an increase of ¥41,028,042.48 in the previous year[32] - Cash inflow from financing activities amounted to ¥169,000,000.00, an increase of 109.9% compared to ¥80,000,000.00 in the same period of 2019[32] Shareholder Information - Total number of shareholders reached 24,109 at the end of the reporting period[9] - The largest shareholder, Yu Xindong, holds 31.68% of the shares, with 53,912,310 shares pledged[9] Changes in Assets - Accounts receivable decreased by 35.81% to ¥2,663,289.82 from ¥4,148,840.45 due to increased endorsement transfers of commercial acceptance bills during the reporting period[11] - Financing receivables decreased by 52.57% to ¥5,354,700.56 from ¥11,289,474.31, primarily due to increased endorsement transfers of bank acceptance bills[11] - Prepayments increased by 159.84% to ¥10,873,407.72 from ¥4,184,602.31, mainly due to an increase in advance payments for materials[11] - Other current assets increased by 70.66% to ¥17,896,260.95 from ¥10,486,331.37, attributed to an increase in prepaid and deductible taxes[11] - Construction in progress increased by 150.24% to ¥35,045,198.04 from ¥14,004,513.45, primarily due to increased investments in equipment and buildings[11] - Other non-current assets increased by 302.19% to ¥68,781,527.75 from ¥17,101,588.59, mainly due to increased prepayments for project and equipment[11] Revenue Recognition Standards - The company adopted the new revenue recognition standards effective January 1, 2020, impacting the financial statements without adjusting prior periods[36] - The implementation of the new revenue standard required adjustments to the beginning retained earnings and other related financial statement items for the year[40] - The company will not adjust comparative period information due to the cumulative impact of the new revenue standard[40]