GUOMAO REDUCER(SH:603915)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 21.73% to CNY 236,716,248.46 year-to-date[18]. - Operating revenue for the first nine months increased by 10.14% to CNY 1,568,917,160.43 compared to the same period last year[18]. - Net cash flow from operating activities surged by 271.10% to CNY 206,183,220.88 year-to-date[18]. - Basic and diluted earnings per share increased by 6.25% to CNY 0.51[21]. - Total operating revenue for Q3 2020 reached ¥576.80 million, a 20.1% increase from ¥480.02 million in Q3 2019[55]. - Net profit for Q3 2020 was ¥85.19 million, representing a 15.8% increase compared to ¥73.89 million in Q3 2019[59]. - The total comprehensive income for Q3 2020 was approximately ¥85.28 million, compared to ¥74.43 million in Q3 2019, indicating a growth of 14.9%[66]. - Cash inflow from operating activities for the first three quarters of 2020 was approximately ¥1.47 billion, compared to ¥1.23 billion in the same period of 2019, representing a growth of 19.5%[68]. Assets and Liabilities - Total assets increased by 11.44% to CNY 3,725,309,377.65 compared to the end of the previous year[18]. - The company's current assets totaled CNY 2,644,701,808.90 as of September 30, 2020, compared to CNY 2,548,176,913.53 at the end of 2019, indicating an increase of about 3.8%[39]. - The total liabilities of the company as of September 30, 2020, were CNY 1,318,066,911.57, compared to CNY 1,092,944,185.75 at the end of 2019, which is an increase of around 20.6%[45]. - The company's total liabilities to equity ratio as of September 30, 2020, was approximately 55%[45]. - The total amount of cash and cash equivalents was ¥758,698,020.01, providing liquidity for operational needs[81]. - Total liabilities reached approximately $1.09 billion, with current liabilities totaling around $1.07 billion[83]. Shareholder Information - The total number of shareholders reached 9,832 by the end of the reporting period[24]. - The largest shareholder, Guomao Reducer Group Co., Ltd., holds 50.45% of the shares[24]. - Shareholders' equity rose to ¥2,403.27 million in Q3 2020, compared to ¥2,252.79 million in Q3 2019, marking a 6.7% increase[53]. - The company reported a total equity of ¥2,249,993,167.66, with paid-in capital of ¥463,327,400.00 and retained earnings of ¥605,155,209.15[77]. Cash Flow - The net cash flow from operating activities was CNY 206,183,220.88, a significant increase from CNY 55,560,247.91 in the previous year, representing a growth of approximately 270%[69]. - Cash inflow from investment activities totaled CNY 1,876,605,596.81, compared to CNY 854,355.54 in the same period last year, indicating a substantial increase[69]. - The total cash inflow from financing activities was CNY 87,405,600.00, a decrease from CNY 819,779,561.34 in the previous year[72]. - The ending balance of cash and cash equivalents was CNY 1,033,243,102.44, up from CNY 815,579,495.73 in the previous year, reflecting a growth of approximately 27%[70]. Investments and Expenses - The company reported a significant increase in investment income, reaching ¥25,828,349.23, attributed to higher financial management returns[33]. - Research and development expenses for Q3 2020 amounted to ¥23.10 million, a 12.0% increase from ¥20.62 million in Q3 2019[55]. - The company completed the initial grant of 9.22 million restricted stocks under its 2020 incentive plan, with an expense of ¥3,865,800 allocated for this period[34]. - The company reported a decrease in credit impairment losses to ¥-2.14 million in Q3 2020 from ¥-7.05 million in Q3 2019[59]. Other Financial Metrics - The weighted average return on net assets decreased by 2.57 percentage points to 10.14%[21]. - The gross profit margin for Q3 2020 was approximately 15.4%, compared to 15.0% in Q3 2019[55]. - The company reported a significant increase in fixed assets, which rose to CNY 586,511,250.84 from CNY 422,896,455.37, reflecting an increase of about 38.7%[43].