DHPI(SH:603856)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders rose by 45.77% to CNY 209,871,446.46 for the first nine months of the year[5] - Operating revenue for the first nine months reached CNY 1,606,420,311.74, reflecting a growth of 23.60% year-on-year[5] - Basic earnings per share improved by 46.43% to CNY 0.82[5] - The net profit for the third quarter of 2020 was RMB 209,871,446.46, representing a 45.77% increase compared to RMB 143,978,381.36 in the same period last year[15] - Total revenue for the period reached RMB 1,487,473,906.12, which is a 43.07% increase from RMB 1,039,681,573.91 year-on-year[15] - The total profit for the quarter was RMB 246,342,709.38, marking a 48.01% increase from RMB 166,438,795.99 in the previous year[15] - The company reported a total profit of ¥86,388,917.51 for Q3 2020, compared to ¥55,818,790.62 in Q3 2019, indicating a growth of 54.8%[27] - The net profit for the first three quarters of 2020 was ¥177.02 million, up 28% from ¥138.41 million in the same period of 2019[32] Assets and Liabilities - Total assets increased by 26.27% to CNY 2,636,547,953.01 compared to the end of the previous year[5] - Total liabilities increased to CNY 783,027,006.11 from CNY 383,906,262.97, reflecting a growth of about 104.5%[20] - Total assets amounted to CNY 2,088,068,538.98, with non-current assets at CNY 491,298,440.63[41] - Total liabilities reached CNY 383,906,262.97, with current liabilities totaling CNY 304,028,708.86[42] - Current assets totaled CNY 1,556,978,153.41, including cash and cash equivalents of CNY 252,213,816.91[45] Cash Flow - Net cash flow from operating activities decreased by 118.18% to -CNY 122,509,628.63 for the first nine months[5] - The company reported a net cash outflow from operating activities of ¥122.51 million in the first three quarters of 2020, worsening from a net outflow of ¥56.15 million in 2019[34] - The net cash flow from operating activities for Q3 2020 was -CNY 131,611,955.82, compared to -CNY 57,066,383.34 in Q3 2019, indicating a worsening performance year-over-year[38] - The total cash inflow from operating activities for the first three quarters of 2020 was ¥1.67 billion, a significant increase from ¥1.12 billion in 2019[34] Shareholder Information - The total number of shareholders reached 16,974 by the end of the reporting period[10] - The largest shareholder, Shandong Donghong Group Co., Ltd., holds 51.16% of the shares[10] Operational Costs and Expenses - Total operating costs for Q3 2020 were ¥471,231,943.78, up 19.9% from ¥393,252,194.83 in Q3 2019[26] - The company's total operating costs for the first three quarters of 2020 were ¥779.40 million, an increase from ¥738.46 million in the same period of 2019[31] - The financial expenses for the first three quarters of 2020 were ¥2.89 million, significantly higher than ¥0.64 million in the same period of 2019, primarily due to increased interest expenses[31] Inventory and Receivables - Accounts receivable increased by 31.21% to RMB 976,163,552.59 from RMB 743,965,418.42, attributed to growth in sales revenue[14] - Inventory rose by 73.41% to RMB 475,533,431.43 from RMB 274,222,308.66, due to an increase in dispatched goods[14] - Other receivables saw a significant increase of 714.61%, reaching RMB 146,888,088.11, primarily due to an increase in business deposits[14] Research and Development - Research and development expenses for Q3 2020 were ¥15,037,660.35, a 57.5% increase from ¥9,553,805.51 in Q3 2019[26] - Research and development expenses increased to ¥35.92 million in the first three quarters of 2020, compared to ¥31.53 million in the same period of 2019, reflecting a growth of 14.8%[31] Other Financial Metrics - The weighted average return on equity increased by 2.78 percentage points to 11.78%[5] - The company reported a non-operating income of CNY 1,628,128.21 for the first nine months[8] - The company reported a 100% decrease in cash paid for investment activities, primarily due to acquisition expenditures in the previous period[16] - The company has not disclosed any new product developments or market expansion strategies in this report[4]