XUELONG(SH:603949)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months rose by 31.70% to CNY 339,742,505.57 compared to the same period last year[6] - Net profit attributable to shareholders increased by 40.91% to CNY 97,457,886.80 compared to the same period last year[6] - Total operating revenue for Q3 2020 reached ¥119,287,411.72, a significant increase of 60.6% compared to ¥74,287,027.45 in Q3 2019[24] - Operating profit for Q3 2020 was ¥43,628,126.08, up 87.0% from ¥23,345,678.87 in Q3 2019[25] - Net profit for Q3 2020 was ¥37,373,596.32, representing a 92.2% increase from ¥19,426,463.47 in Q3 2019[25] - The total profit for Q3 2020 was ¥43,590,755.43, up 87.2% from ¥23,253,919.51 in Q3 2019[25] - The total revenue for the first three quarters of 2020 was ¥339,742,505.57, a 31.6% increase from ¥257,965,669.05 in the same period of 2019[24] Assets and Liabilities - Total assets increased by 98.50% to CNY 998,157,774.12 compared to the end of the previous year[6] - The total liabilities increased by 55.85% to RMB 12.97 billion, mainly due to an increase in payable taxes[14] - The total liabilities of Xuelong Group as of September 30, 2020, were CNY 85,354,908.29, compared to CNY 74,060,201.87 at the end of 2019, reflecting an increase of approximately 15.5%[19] - The company's total assets stood at 498,420,003.85, reflecting a strong balance sheet[45] - Total current assets amounted to 283,181,742.35, with cash and cash equivalents at 16,473,656.95[44] Shareholder Information - Net assets attributable to shareholders increased by 112.88% to CNY 912,802,865.83 compared to the end of the previous year[6] - The total number of shareholders reached 9,622[11] - The top shareholder, Hong Kong Green Source Holdings, holds 19.95% of shares[11] - The company's equity attributable to shareholders increased to CNY 912,802,865.83 from CNY 428,792,732.33, marking a growth of around 113.1%[19] Cash Flow - Cash flow from operating activities decreased by 67.78% to CNY 22,427,080.36 for the first nine months[6] - The net cash flow from operating activities for Q3 2020 was CNY 19,756,149, down 69.5% from CNY 64,671,718.88 in Q3 2019[37] - The company raised approximately ¥449.76 million through financing activities in the first nine months of 2020, compared to ¥8 million in the same period of 2019[34] - Cash inflow from financing activities in Q3 2020 was CNY 449,764,339.62, compared to CNY 8,000,000 in Q3 2019, leading to a net cash flow from financing activities of CNY 389,247,028.13[37] Research and Development - Research and development expenses increased by 33.75% to RMB 13.76 billion, attributed to higher material costs and depreciation[14] - R&D expenses for Q3 2020 amounted to ¥5,308,841.32, a 69.5% increase compared to ¥3,137,780.13 in Q3 2019[24] - Research and development expenses for Q3 2020 amounted to ¥5.85 million, up from ¥3.73 million in Q3 2019, indicating a year-over-year increase of 56.8%[29] Other Financial Metrics - The weighted average return on equity decreased by 6.29 percentage points to 12.74%[6] - Basic earnings per share decreased by 20.97% to CNY 0.49[6] - The gross profit margin for Q3 2020 was approximately 48.3%, compared to 48.0% in Q3 2019, indicating a slight improvement in profitability[29] - The company reported non-recurring gains of CNY 3,824,767.75 for the first nine months[9] Inventory and Receivables - Accounts receivable rose by 32.34% to RMB 163.45 billion, primarily driven by increased operating revenue[13] - Inventory levels rose to CNY 80,222,380.97 from CNY 59,280,498.79, indicating an increase of approximately 35.3%[18] - Accounts receivable reached 122,747,599.02, indicating a significant asset position[44]