Greenda(SH:603931)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months increased by 6.59% to CNY 422,926,289.34 compared to the same period last year[6]. - Net profit attributable to shareholders for the first nine months was CNY 81,423,345.13, a 1.54% increase year-on-year[6]. - Total revenue for Q3 2020 reached ¥158,830,610.32, an increase of 24.9% compared to ¥127,188,365.36 in Q3 2019[28]. - Total revenue for Q3 2020 was CNY 160,082,136.40, an increase from CNY 128,865,580.16 in Q3 2019, representing a growth of approximately 24.2%[33]. - The company reported a net profit margin improvement, with net profit for the first three quarters of 2020 reaching ¥238,253,762.15, compared to ¥177,303,028.35 in the same period of 2019, an increase of 34.4%[27]. - Net profit for Q3 2020 was CNY 29,664,605.55, up from CNY 26,864,851.25 in Q3 2019, indicating a growth of approximately 6.7%[30]. - The total profit for Q3 2020 reached CNY 34,824,557.90, up from CNY 30,675,604.36 in Q3 2019, indicating a growth of about 13.9%[30]. - The total comprehensive income for Q3 2020 was CNY 29,664,605.55, consistent with the net profit, indicating no significant changes in other comprehensive income[31]. - The total comprehensive income for the first nine months of 2020 was CNY 85,950,733.80, up from CNY 81,591,529.61 in the same period of 2019, reflecting a growth of 5.4%[35]. Assets and Liabilities - Total assets increased by 77.28% year-on-year to CNY 1,213,893,395.45[6]. - Total assets as of September 30, 2020, amounted to ¥1,222,847,034.00, up from ¥689,427,965.99 at the end of 2019, reflecting a growth of 77.4%[27]. - Total liabilities decreased to ¥116,583,222.11 in Q3 2020 from ¥149,792,095.70 in Q3 2019, a reduction of 22.2%[27]. - Owner's equity increased significantly to ¥1,106,263,811.89 in Q3 2020, compared to ¥539,635,870.29 in Q3 2019, representing a growth of 105.5%[27]. - The company’s total current assets reached ¥881,440,107.23, up from ¥342,922,534.11 in the previous year[21]. Cash Flow - Net cash flow from operating activities decreased by 10.88% to CNY 94,597,141.30 compared to the same period last year[6]. - Cash flow from operating activities for the first nine months of 2020 was CNY 94,597,141.30, down from CNY 106,149,662.26 in the same period of 2019, a decrease of 10.5%[37]. - The company reported a total of CNY 403,482,454.00 in cash received from sales of goods and services for the first nine months of 2020, a decrease of 3.2% from CNY 416,813,783.43 in the same period of 2019[36]. - Cash inflow from financing activities in Q3 2020 was $518.31 million, a substantial increase from $31.11 million in Q3 2019[41]. - Net cash flow from financing activities in Q3 2020 was $425.48 million, contrasting with a net outflow of $22.90 million in Q3 2019[41]. - The ending cash and cash equivalents balance for Q3 2020 was $311.29 million, up from $138.41 million at the end of Q3 2019[41]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,383[12]. - The largest shareholder, Hangzhou Electric Chemical Group, holds 42.12% of the shares[12]. Investment and Expenses - The investment income turned negative at -¥1,092,235.52, a decline of 251.53% due to the poor performance of associated companies[16]. - The net cash flow from investment activities was -¥163,536,555.19, reflecting increased expenditures on financial product investments[17]. - Research and development expenses for Q3 2020 were CNY 3,391,250.61, a decrease from CNY 5,828,054.53 in Q3 2019, showing a reduction of about 41.8%[33]. - The company reported a 75.80% decrease in sales expenses, attributed to the reclassification of certain costs to operating costs under new revenue recognition standards[16]. Financial Ratios - The weighted average return on net assets decreased by 3.68 percentage points to 13.44%[7]. - The company’s total liabilities to equity ratio improved, indicating a stronger financial position with lower leverage compared to the previous year[27]. - The company reported a decrease in credit impairment losses of CNY 520,824.68 in Q3 2020, compared to an increase of CNY 146,697.08 in Q3 2019, indicating improved credit quality[34].