NCE(SH:605111)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders rose by 61.21% to CNY 100,947,574.12 year-on-year[18] - Operating income for the first nine months increased by 22.84% to CNY 666,103,799.32 compared to the same period last year[18] - Basic earnings per share increased by 60.24% to CNY 1.33 compared to the same period last year[21] - The net profit after deducting non-recurring gains and losses increased by 69.46% to CNY 98,315,204.50 year-on-year[18] - Total operating revenue for Q3 2020 reached ¥281,820,674.92, a 31.7% increase from ¥213,892,136.69 in Q3 2019[55] - Net profit for Q3 2020 was ¥45,608,642.45, representing an 81.5% increase compared to ¥25,188,011.14 in Q3 2019[57] - Total profit for Q3 2020 was ¥52,736,271.78, up 85.0% from ¥28,512,800.21 in Q3 2019[57] - Net profit for the first three quarters of 2020 reached CNY 43,817,121.69, an increase from CNY 25,371,993.09 in the same period of 2019, representing a growth of approximately 72.6%[68] Assets and Liabilities - Total assets increased by 66.88% to CNY 1,348,116,960.25 compared to the end of the previous year[18] - The company's total liabilities decreased by 41.22% in employee compensation payable, reflecting payments made for previously accrued salaries[26] - Total liabilities amounted to $226,562,242.74, down from $236,236,139.04, reflecting a decrease of about 4.0%[43] - Owner's equity rose significantly to $1,121,554,717.51 from $571,619,173.58, marking an increase of approximately 96.2%[43] - Cash and cash equivalents increased to $743,723,469.79 from $277,387,432.79, a growth of about 167.5%[45] - Accounts receivable rose to $119,498,264.83 from $100,522,292.71, representing an increase of approximately 18.9%[49] - Inventory decreased to $115,479,656.85 from $135,382,204.69, a decline of about 14.7%[49] Cash Flow - Net cash flow from operating activities surged by 369.26% to CNY 54,051,556.65 year-to-date[18] - Cash flow from operating activities for the first three quarters of 2020 was CNY 54,051,556.65, significantly higher than CNY 11,518,516.05 in the same period of 2019, marking an increase of about 369.5%[73] - Cash and cash equivalents at the end of the third quarter of 2020 totaled CNY 745,212,390.31, compared to CNY 194,026,827.52 at the end of the same period in 2019, representing an increase of approximately 284.5%[73] - The company reported a net cash outflow from investing activities of CNY -26,945,349.96 for the first three quarters of 2020, compared to CNY -19,946,528.54 in 2019[73] - Cash flow from financing activities generated a net inflow of CNY 463,290,800.00, compared to CNY 0.00 in the same period last year, showing a strong financing position[79] Research and Development - Research and development expenses increased by 50.03% to ¥29,102,401.00 from ¥19,398,274.83, reflecting the company's commitment to R&D[28] - Research and development expenses for Q3 2020 amounted to ¥9,134,386.23, a 12.4% increase from ¥8,126,916.07 in Q3 2019[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,890[21] - The top ten shareholders held a combined 56.88% of the company's shares[21] Government Support - The company received government subsidies amounting to CNY 3,170,450.33 during the first nine months[21] Financial Reporting Changes - The company implemented new revenue and leasing standards starting January 1, 2020, impacting financial reporting and compliance[79] - The company adopted the revised revenue recognition standards starting January 1, 2020, impacting financial reporting[95] - The company did not adjust comparative data for the new revenue standards, maintaining consistency in reporting[96]