TENGEN(SH:605066)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months rose by 9.43% to CNY 1,783,356,158.81 compared to the same period last year[6] - Net profit attributable to shareholders increased by 34.41% to CNY 180,099,589.64 for the first nine months compared to the same period last year[6] - The company's total liabilities increased to ¥1,321,019,056.39, compared to ¥1,110,213,790.54 in the previous year, reflecting a 19% rise[21] - Net profit for the year-to-date was ¥180,099,589.64, reflecting a 34.41% increase, primarily due to revenue growth and reduced credit impairment losses[15] - Total operating revenue for Q3 2020 reached ¥726,863,665.51, a 30% increase from ¥559,406,954.49 in Q3 2019[23] - The net profit for Q3 2020 reached ¥84.79 million, up 147.8% compared to ¥34.31 million in Q3 2019[28] - The total profit for Q3 2020 was ¥97.01 million, a significant increase from ¥37.96 million in Q3 2019[28] Assets and Liabilities - Total assets increased by 51.30% to CNY 3,118,900,817.98 compared to the end of the previous year[6] - The company's total assets as of Q3 2020 were reported at ¥1.5 billion, reflecting a growth trend[28] - Cash and cash equivalents increased by 145.16% to ¥935,997,817.45 due to the proceeds from the initial public offering[13] - Accounts receivable rose by 59.83% to ¥1,018,931,565.07, driven by rapid sales growth in the third quarter[13] - The company reported a significant increase in capital reserves, which reached ¥669,358,125.42, up from ¥80,005,106.54[21] - The company's long-term assets totaled 501,832,717.16 RMB, contributing to the overall asset base[38] - The total amount of other current liabilities is $152,397,125.33[44] Shareholder Information - The total number of shareholders reached 30,710 by the end of the reporting period[10] - The largest shareholder, Tianzheng Group Co., Ltd., holds 24.72% of the shares[10] - Shareholders' equity totaled $813,519,253.47, including paid-in capital of $330,000,000.00 and retained earnings of $310,880,941.47[44] Cash Flow - The net cash flow from operating activities was negative at CNY -18,219,597.72, a decrease of 632% compared to the same period last year[6] - Cash inflow from financing activities for the first three quarters of 2020 was approximately ¥733.21 million, compared to ¥190 million in the same period of 2019[32] - The net cash flow from financing activities for the first three quarters of 2020 was approximately ¥602.40 million, a turnaround from a negative cash flow of -¥67.91 million in 2019[32] - Cash and cash equivalents at the end of Q3 2020 totaled approximately ¥578.67 million, a significant increase from ¥193.61 million at the end of Q3 2019[32] Expenses and Costs - The company reported a significant decrease in financial expenses by 87.28% to ¥880,016.52, mainly due to reduced bank loans[14] - The company reported a decrease in credit impairment losses to ¥5.01 million in Q3 2020 from ¥13.50 million in Q3 2019[28] - Total operating costs were ¥1,572,285,524.26, up from ¥1,454,316,114.18 in the same period of 2019[23] Research and Development - Research and development expenses for Q3 2020 were ¥24,899,318.24, compared to ¥19,497,378.29 in Q3 2019, indicating a 28% increase[23] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[28] Accounting Standards - The company implemented new revenue and leasing standards starting January 1, 2020, affecting the financial reporting[40] - The company has implemented new accounting standards for revenue and leasing effective from January 1, 2020[46]