Eurocrane(SH:603966)2020-10-26 16:00Financial Performance - Net profit attributable to shareholders rose by 51.77% to RMB 117,658,213.49 compared to the same period last year[5] - Operating revenue for the first nine months increased by 12.49% to RMB 883,601,012.41[5] - Basic earnings per share increased by 51.16% to RMB 0.5608[5] - The company reported a diluted earnings per share of RMB 0.5586, reflecting a 50.57% increase[5] - Total operating revenue for Q3 2020 was ¥356,634,669.22, an increase of 4.9% compared to ¥340,770,478.40 in Q3 2019[21] - Net profit for Q3 2020 reached ¥50,925,463.43, a 48.8% increase from ¥34,233,962.56 in Q3 2019[22] - The company's total profit for Q3 2020 was ¥35,119,147.55, compared to ¥31,836,511.81 in Q3 2019, showing a 10% increase[26] - The total comprehensive income for Q3 2020 was ¥46,829,019.25, compared to ¥39,362,132.00 in Q3 2019, marking a 19% increase[26] Assets and Liabilities - Total assets increased by 17.18% year-on-year, reaching RMB 2,876,962,136.88[5] - The company’s total liabilities decreased by 34.01% in short-term borrowings to ¥132,000,000.00 from ¥200,026,475.00, reflecting repayment of loans[10] - Total liabilities reached CNY 1,414,314,506.01, with current liabilities at CNY 1,140,640,531.96 and non-current liabilities at CNY 273,673,974.05[38] - The total liabilities to equity ratio stands at approximately 1.36, indicating a leveraged position[39] - The total assets as of Q3 2020 amounted to ¥2,164,287,553.12, an increase from ¥1,730,693,039.50 in the previous year, marking a growth of 25.1%[19] Cash Flow - Cash flow from operating activities decreased by 22.72% to RMB 110,727,777.73 compared to the previous year[5] - Net cash flow from operating activities for the first three quarters of 2020 was CNY 110,727,777.73, down from CNY 143,284,590.75 in 2019, indicating a decline of about 22.6%[30] - Cash inflow from financing activities in the third quarter of 2020 was CNY 697,640,383.76, a substantial increase from CNY 30,800,000.00 in the same quarter of 2019[31] - The cash and cash equivalents at the end of the third quarter of 2020 amounted to CNY 814,242,695.73, a significant increase from CNY 263,514,136.66 at the end of the third quarter of 2019[31] Research and Development - Research and development expenses rose by 121.32% to ¥36,723,148.09 compared to ¥16,592,650.29, attributed to increased R&D investments[11] - Research and development expenses for Q3 2020 were ¥14,178,586.68, significantly higher than ¥6,331,260.08 in Q3 2019, indicating a focus on innovation[21] Shareholder Information - The total number of shareholders at the end of the reporting period was not disclosed[8] - The number of shareholders reached 11,342, with the top ten shareholders holding a combined 52.51% of the company's shares, making them the controlling shareholders[9] Other Income and Expenses - Non-recurring gains and losses totaled RMB 6,060,936.19 for the current period[7] - Government subsidies recognized in the current period amounted to RMB 5,061,951.03[7] - The company’s other income increased by 273.81% to ¥20,470,374.84 from ¥5,476,173.77, mainly due to an increase in government subsidies[11] - The financial expenses for Q3 2020 were reported as -¥2,767,965.65, a significant improvement compared to ¥617,171.05 in Q3 2019[25]