兴业股份(603928) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders rose by 11.33% to CNY 106,871,333.24 for the first nine months of the year[5] - Operating revenue for the first nine months increased by 10.69% to CNY 1,053,632,343.18 compared to the same period last year[5] - Total revenue for Q3 2020 reached ¥405,649,515.09, a 29.6% increase from ¥312,797,650.32 in Q3 2019[21] - Net profit for the first three quarters of 2020 was ¥121,108,366.23, compared to ¥106,929,475.83 in the same period of 2019, reflecting a growth of 13.2%[21] - Total revenue for the first nine months of 2020 reached CNY 1,146,933,426.73, up from CNY 1,083,645,495.95 in the same period of 2019, reflecting a growth of approximately 5.8%[30] - Operating profit for Q3 2020 was ¥42,874,452.22, up from ¥32,328,122.45 in Q3 2019, marking a 32.5% increase[22] - Net profit for Q3 2020 was ¥35,539,775.63, compared to ¥26,388,224.68 in Q3 2019, representing a growth of 34.8%[23] Assets and Liabilities - Total assets increased by 5.70% to CNY 1,626,786,847.08 compared to the end of the previous year[5] - Total liabilities increased to 239,023,100.51 RMB from 218,235,481.40 RMB, indicating a rise in financial obligations[17] - The company's total assets as of September 30, 2020, were 1,626,786,847.08 RMB, up from 1,539,094,248.10 RMB at the end of 2019[16] - Total assets as of September 30, 2020, amounted to ¥1,566,083,592.27, an increase from ¥1,475,043,003.62 at the end of 2019[20] - Total liabilities increased to ¥189,939,540.47 from ¥171,738,889.67, reflecting a growth of 10.6%[19] - The company's equity attributable to shareholders was CNY 1,320,858,766.70, consistent with the previous year[40] Cash Flow - The net cash flow from operating activities decreased by 22.29% to CNY 114,910,049.69 year-to-date[5] - Cash flow from investing activities improved to -37,575,320.61 RMB from -69,037,644.66 RMB, primarily due to reduced fixed asset investments as subsidiaries resumed normal production[12] - Cash flow from financing activities decreased to -40,320,000.00 RMB from -116,046,690.85 RMB, mainly because there were no bank borrowings during the period[12] - The company generated a net cash flow from operating activities of CNY 114,910,049.69 in the first nine months of 2020, down from CNY 147,870,716.53 in the same period of 2019[31] - Investment activities resulted in a net cash outflow of CNY 37,575,320.61 for the first nine months of 2020, an improvement from a net outflow of CNY 69,037,644.66 in the same period of 2019[32] Shareholder Information - The number of shareholders reached 12,422, with the top ten shareholders holding a combined 88.69% of shares[9] - Shareholders' equity reached ¥1,376,144,051.80, up from ¥1,303,304,113.95, indicating a growth of 5.6%[20] Investment and Financial Assets - Cash and cash equivalents increased by 312.63% to CNY 48,779,490.71 due to the purchase of large-denomination time deposits[11] - Trading financial assets increased by 110.96% to CNY 175,084,637.01 as a result of increased investment in financial products[11] - Investment income rose by 72.10% to 4,350,603.50 RMB from 2,527,955.37 RMB, attributed to increased purchases of financial products[12] - Fair value gains on financial assets amounted to 1,189,359.24 RMB, reflecting an increase in the fair value of trading financial assets[12] - The company reported a significant increase in cash recovered from investments, totaling CNY 551,800,000.00 in the first three quarters of 2020, compared to CNY 169,266,000.00 in the same period of 2019, an increase of 225.5%[34] Tax and Expenses - Tax payable increased by 40.62% to 13,457,432.33 RMB compared to 9,570,045.01 RMB in the previous year, primarily due to an increase in corporate income tax payable[12] - The company reported a tax expense of ¥7,230,676.59 for Q3 2020, up from ¥5,974,854.06 in Q3 2019, which is a 21.0% increase[22] - R&D expenses for the first three quarters of 2020 were ¥31,175,398.36, slightly down from ¥31,968,543.50 in the same period of 2019[21] - Research and development expenses for Q3 2020 were ¥12,254,895.55, up from ¥10,087,228.04 in Q3 2019, indicating a 21.5% increase[26] Changes in Accounting Standards - The company adopted new revenue recognition standards starting January 1, 2020, which did not impact prior financial results[41] - The adjustment of CNY 1,227,560.02 from "prepayments" to "contract liabilities" reflects compliance with the new revenue standard[46]