DZCM(SH:603999)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 665,610,040.66, a year-on-year increase of 30.21%[7] - Net profit attributable to shareholders was CNY 57,032,961.38, reflecting a growth of 13.16% year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 47,880,204.22, an increase of 28.29% year-on-year[7] - Total operating revenue for Q3 2020 reached ¥291.09 million, a 18.7% increase from ¥245.20 million in Q3 2019[26] - Net profit for Q3 2020 was ¥30.62 million, compared to ¥27.33 million in Q3 2019, reflecting an increase of 8.4%[27] - The company reported a total profit of ¥30.62 million for Q3 2020, an increase of 8.4% from ¥27.34 million in Q3 2019[27] - The net profit for Q3 2020 was CNY 32,141,350.35, an increase from CNY 26,462,249.50 in Q3 2019, representing a growth of approximately 21.4%[30] - The total operating profit for Q3 2020 was CNY 33,179,858.13, compared to CNY 26,862,191.98 in the same period last year, indicating a year-over-year increase of about 23.5%[30] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 42,357,467.92, a significant recovery from a negative cash flow of CNY -33,148,223.10 in the same period last year[7] - Cash flow from operating activities for the first nine months of 2020 was CNY 42,357,467.92, a significant improvement from a negative cash flow of CNY 33,148,223.10 in the same period of 2019[32] - Total cash inflow from operating activities for the first nine months of 2020 was CNY 502,324,858.32, up from CNY 386,087,320.26 in 2019, reflecting an increase of approximately 30.1%[32] - The net cash flow from operating activities for Q3 2020 was ¥155,790,844.59, a significant increase from ¥33,924,676.77 in Q3 2019, representing a growth of approximately 359%[35] - Cash flow from investment activities for the first nine months of 2020 was negative at CNY -147,902,830.80, compared to CNY -125,002,849.04 in the same period of 2019[33] - The net cash flow from investment activities was -¥152,041,191.28, worsening from -¥125,112,327.99 year-over-year[35] Assets and Liabilities - Total assets increased by 2.99% to CNY 2,114,956,169.34 compared to the end of the previous year[7] - The total number of shareholders reached 31,070 by the end of the reporting period[11] - The largest shareholder, Reader Publishing Group Co., Ltd., holds 57.84% of the shares[11] - The accounts receivable increased by 165.66% to CNY 228,592,340.07 from CNY 86,047,489.36, primarily due to uncollected payments from the autumn textbook and journal distribution[14] - The total liabilities increased significantly, with contract liabilities reaching CNY 126,259,927.85, reflecting the implementation of the new revenue recognition standards[14] - Total liabilities increased to CNY 353,695,332.34 from CNY 311,622,768.56, reflecting a growth of around 13.5%[20] - Current liabilities rose to CNY 262,699,426.96 from CNY 216,146,837.43, an increase of approximately 21.6%[20] - Non-current liabilities decreased to CNY 90,995,905.38 from CNY 95,475,931.13, a decline of about 4.9%[20] - Owner's equity totaled CNY 1,761,260,837.00, up from CNY 1,742,014,820.46, indicating an increase of about 1.1%[20] Investments and Expenses - Research and development expenses surged to CNY 3,922,864.76, a substantial increase from CNY 158,600.97 in the same period last year[14] - The company reported a decrease in investment income by 39.99%, down to CNY 7,866,884.01 from CNY 13,108,810.18, attributed to reduced returns from bank wealth management[14] - Research and development expenses for Q3 2020 were ¥112.94 thousand, a decrease of 23.6% from ¥148.10 thousand in Q3 2019[26] Government Support - The company received government subsidies amounting to CNY 1,040,553.65 during the reporting period[9] COVID-19 Impact - The company anticipates potential impacts on cumulative net profit due to the COVID-19 pandemic affecting major business segments[15]