恒润股份(603985) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 182.78% to ¥309,730,021.08 year-on-year[8] - Operating revenue rose by 69.08% to ¥1,675,141,325.16 for the period from January to September[8] - Basic earnings per share increased by 182.80% to ¥1.5195[8] - The weighted average return on equity increased by 14.43 percentage points to 24.14%[8] Cash Flow - Cash flow from operating activities turned positive with a net amount of ¥196,142,893.59, compared to a negative cash flow of ¥73,874,249.18 in the same period last year[8] - The net cash flow from operating activities for the first three quarters of 2020 was RMB 196,142,893.59, a significant improvement compared to a net cash outflow of RMB -73,874,249.18 in the same period of 2019[20] Assets and Liabilities - Total assets increased by 16.72% to ¥2,275,498,641.35 compared to the end of the previous year[8] - Accounts receivable increased by 85.54% to ¥659,601.30 due to an increase in commercial acceptance bills received[15] - Inventory rose by 40.94% to ¥524,467,245.65, attributed to expanded sales and increased raw material stock[15] - Prepayments increased by 132.73% to ¥47,740,686.47, mainly due to prepayments for materials and utilities[15] - Other receivables increased by 127.19% to ¥3,348,653.56, primarily due to an increase in deposits[15] - The company’s total liabilities included contract liabilities of RMB 164,931,814.22, reflecting a 100.00% increase due to reclassification under new revenue standards[20] Expenses - Research and development expenses increased by 64.00% to RMB 61,340,615.85 in the first three quarters of 2020, up from RMB 37,401,876.72 in 2019, reflecting a greater investment in R&D[20] - The company reported a 101.43% increase in selling expenses, totaling RMB 61,155,957.83, primarily due to higher transportation costs[20] - The company’s financial expenses rose by 58.95% to RMB 13,611,468.36, mainly due to increased foreign exchange losses[20] - The company’s long-term prepaid expenses decreased by 94.83% to RMB 77,597.74, attributed to a reduction in financing lease costs[20] Investment and Acquisitions - The company agreed to acquire a 45.334% stake in Yinniu Microelectronics, with a transaction amount of USD 101 million, expected to be completed by November 25, 2020[21] - The company plans to issue non-public shares, pending approval from the China Securities Regulatory Commission, which introduces uncertainty regarding the execution of this plan[21] Income - The company’s investment income dropped to zero from RMB 590,230.04 in the previous year, as no wealth management products were purchased during the current period[20] - The company’s deferred income increased by 32.82% to RMB 18,265,697.48, primarily due to an increase in government subsidies received[20]