BOMIN ELECTRONICS(SH:603936)2020-10-14 16:00Financial Performance - Net profit attributable to shareholders rose by 9.58% to CNY 156,695,081.15 for the first nine months of the year[6]. - Operating revenue for the first nine months increased by 11.00% to CNY 1,995,633,439.56 compared to the same period last year[6]. - Basic earnings per share increased by 12.50% to CNY 0.36[7]. - The weighted average return on net assets increased by 0.06 percentage points to 6.19%[7]. - Non-recurring gains and losses for the first nine months amounted to CNY 138,910,756.77, reflecting a 6.03% increase year-on-year[6]. - Total profit for the first three quarters of 2020 was 177,311,534.62, an increase of 10.4% from 160,601,713.46 in the same period of 2019[27]. - The company reported a total comprehensive income of 22,196,665.95 for Q3 2020, compared to 44,509,287.55 in Q3 2019, reflecting a significant decline[28]. Assets and Liabilities - Total assets increased by 5.57% to CNY 4,731,934,803.19 compared to the end of the previous year[6]. - Total liabilities increased to ¥2,137,768,356.26 from ¥2,016,193,095.72 year-over-year[19]. - The company's equity attributable to shareholders rose to ¥2,594,166,446.93 from ¥2,466,081,254.44, showing a growth of about 5.2%[19]. - Total assets as of September 30, 2020, amounted to ¥3,771,456,245.23, an increase from ¥3,527,726,910.64 at the end of 2019[22]. - Long-term borrowings increased significantly to ¥413,180,000.00 from ¥190,550,000.00, indicating a strategy to leverage debt for growth[19]. - Total liabilities amounted to approximately $1.24 billion, with current liabilities at $1.05 billion and non-current liabilities at $195.65 million[44]. Cash Flow - The net cash flow from operating activities decreased by 170.44% to -CNY 62,301,937.26 for the first nine months[6]. - Cash and cash equivalents decreased by 48.97% to ¥257,157,979.57 from ¥503,957,105.60 due to payments for bank acceptance bill guarantees and goods[13]. - Cash flow from operating activities for the first three quarters of 2020 was approximately ¥1.56 billion, an increase from ¥1.41 billion in the same period of 2019, representing a growth of about 10.7%[34]. - The net cash flow from investment activities was -230,962,623.38 RMB, an improvement from -345,022,832.84 RMB in Q3 2019[35]. - The total cash inflow from operating activities for the first nine months of 2020 was 1,056,454,859.73 RMB, compared to 1,149,467,351.55 RMB in the same period of 2019[36]. Shareholder Information - The total number of shareholders reached 34,838 at the end of the reporting period[11]. - The largest shareholder, Xu Huan, holds 18.34% of the shares, with 80,881,419 shares pledged[11]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 22,652,731.34 during the first nine months[8]. - Other income increased by 54.63% to ¥22,652,731.34 from ¥14,649,873.44, mainly due to increased government subsidies[14]. Inventory and Receivables - Accounts receivable decreased by 40.67% to ¥16,972,766.44 from ¥28,607,758.32, primarily due to the maturity of receivable bills[13]. - Inventory levels decreased to ¥223,381,332.34 from ¥238,862,372.92, suggesting improved inventory management[21]. Research and Development - R&D expenses for Q3 2020 were 26,339,193.06, slightly down from 26,349,893.88 in Q3 2019, indicating stable investment in innovation[26]. - Research and development expenses for Q3 2020 were approximately ¥11.55 million, slightly down from ¥14.00 million in Q3 2019, reflecting a decrease of about 17.5%[31]. Financial Expenses - Financial expenses for Q3 2020 were 12,003,630.53, up 65.8% from 7,250,835.63 in Q3 2019, indicating increased borrowing costs[26]. - The company reported a decrease in financial expenses to approximately ¥9.63 million in Q3 2020 from ¥3.84 million in Q3 2019, an increase of about 151.5%[31].