Hylink(SH:603825)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 6,863,416,785.69, a decrease of 10.74% year-on-year[6] - Net profit attributable to shareholders was CNY 116,356,360.61, representing a year-on-year increase of 37.68%[6] - The net profit after deducting non-recurring gains and losses was CNY 115,039,682.90, an increase of 34.94% year-on-year[6] - Basic earnings per share rose to CNY 0.51, up 37.84% from the previous year[6] - Diluted earnings per share increased to CNY 0.50, a rise of 47.06% compared to the previous year[6] - Total revenue for Q3 2020 was approximately ¥2.08 billion, a decrease of 14.8% compared to ¥2.44 billion in Q3 2019[26] - Net profit for Q3 2020 was approximately ¥49.41 million, an increase of 67.5% compared to ¥29.50 million in Q3 2019[29] - The company reported a total comprehensive income of approximately ¥49.41 million for Q3 2020, compared to ¥29.50 million in Q3 2019, indicating a significant improvement[29] - The company reported a total comprehensive income of ¥53,876,864.86 for Q3 2020, compared to ¥32,576,514.75 in Q3 2019, marking a 65% increase[38] Cash Flow - Net cash flow from operating activities for the first nine months was negative at CNY -388,977,646.99, a decline of 184.67% compared to the same period last year[6] - The net cash flow from operating activities decreased by 184.67% to CNY -388,977,646.99, primarily due to delayed client repayments[14] - The net cash flow from financing activities was CNY 319,486,206.65, influenced by increased bank loans to supplement working capital[15] - Cash flow from operating activities for the first nine months of 2020 was ¥6,935,226,878.09, down from ¥7,615,051,816.87 in the same period of 2019, a decrease of 9%[40] - The net cash flow from operating activities in Q3 2020 was -¥388,977,646.99, contrasting with a positive cash flow of ¥459,431,188.05 in Q3 2019[41] - The cash flow from financing activities in Q3 2020 was ¥319,486,206.65, compared to -¥484,760,283.86 in Q3 2019, indicating a significant turnaround[41] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 6,108,880,598.69, an increase of 0.55% compared to the end of the previous year[6] - The total accounts receivable increased by 41.07% to CNY 16,530,959.57 compared to the end of the previous year[13] - Short-term borrowings increased by 43.21% to CNY 1,198,245,425.22 due to delayed repayments from clients impacted by COVID-19[13] - Other payables surged by 280.63% to CNY 278,365,300.02, reflecting increased financial support from major shareholders[13] - The total liabilities increased significantly, with a notable rise in long-term payables by 78.41% to CNY 137,520,856.30[13] - The company's total equity decreased to RMB 1,685,283,558.69 from RMB 1,691,994,313.14, reflecting a decline of approximately 0.4%[20] - Total liabilities as of Q3 2020 amounted to approximately ¥4.43 billion, an increase from ¥4.09 billion in the same period last year[24] - The total liabilities increased slightly to RMB 4,423,597,040.00 from RMB 4,383,353,600.80, reflecting an increase of about 0.9%[19] Expenses - The company reported a 32.35% increase in income tax expenses to CNY 15,072,938.84, driven by higher profits[14] - The company experienced a decline in other income by 33.44% to CNY 27,404,678.67, due to a reduction in VAT deductions[14] - Research and development expenses for Q3 2020 were approximately ¥55.74 million, a decrease of 34.3% from ¥85.00 million in Q3 2019[27] - The company's tax expenses for Q3 2020 were ¥9,260,308.43, compared to ¥2,288,883.58 in Q3 2019, an increase of 305%[36] Investments - The company's investment income showed a significant improvement, with losses reduced to CNY -728,835.18 from CNY -10,761,374.86 in the previous year[14] - Long-term investments in equity increased to RMB 87,623,587.91 from RMB 86,438,173.09, indicating a growth of about 1.4%[18] - Investment income for Q3 2020 was approximately ¥5.70 million, compared to a loss of ¥2.15 million in Q3 2019, showing a significant recovery[35]