Aurisco(SH:605116)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 16.96% to CNY 140,205,001.57 for the first nine months of the year[18]. - Operating income rose by 24.24% to CNY 543,589,063.41 year-to-date[18]. - Basic and diluted earnings per share increased by 18.18% to CNY 0.39[20]. - Total operating revenue for Q3 2020 was CNY 160,908,470.57, an increase from CNY 150,508,283.81 in Q3 2019, representing a growth of approximately 9.3%[53]. - Net profit for Q3 2020 was CNY 37,142,083.31, compared to CNY 47,838,046.24 in Q3 2019, reflecting a decrease of approximately 22.4%[56]. - The company reported a total profit of CNY 40,556,789.44 for Q3 2020, compared to CNY 52,926,970.31 in Q3 2019, a decline of approximately 23.4%[56]. - The company’s total comprehensive income for Q3 2020 was CNY 36,394,097.68, compared to CNY 46,654,084.84 in Q3 2019, a decrease of approximately 22.0%[59]. - Total operating costs for Q3 2020 were CNY 125,000,171.74, up from CNY 100,835,768.20 in Q3 2019, indicating a rise of about 24.0%[53]. Assets and Liabilities - Total assets increased by 36.68% to CNY 1,503,826,883.82 compared to the end of the previous year[18]. - Total liabilities rose to approximately $135.70 million, up from $122.96 million, reflecting an increase of about 10.5%[42]. - The company's total liabilities increased significantly, with other payables rising by 187.04% to ¥1,950,920.93 from ¥679,675.49, mainly due to performance guarantee deposits received by a subsidiary[31]. - The company's cash and cash equivalents increased by 139.07% to ¥633,666,582.36 from ¥265,057,317.69 due to funds raised from stock issuance[31]. - Current assets reached approximately $1.01 billion, compared to $664.85 million in the previous year, marking a 52% increase[41]. - The company's construction in progress increased by 46.98% to ¥224,059,540.91 from ¥152,441,774.09, due to increased expenditures on factory construction[31]. Cash Flow - Net cash flow from operating activities increased by 57.90% to CNY 204,441,555.50 for the first nine months[18]. - Cash flow from operating activities for the first three quarters of 2020 was approximately ¥609.68 million, compared to ¥471.99 million in the same period of 2019, representing a growth of 29.1%[68]. - Total cash inflow from operating activities reached ¥442.95 million, up from ¥387.51 million year-over-year, reflecting a growth of 14.3%[75]. - Cash inflow from financing activities amounted to ¥312.28 million, with no previous year comparison available[75]. - The net cash flow from financing activities was ¥273.78 million, indicating a strong inflow compared to the previous year[75]. Shareholder Information - The company had a total of 28,438 shareholders at the end of the reporting period[26]. - The top shareholder, Zhejiang Tongben Investment Co., Ltd., holds 38.30% of the shares[26]. - Shareholders' equity attributable to the parent company increased by 39.99% to CNY 1,368,125,593.47 compared to the end of the previous year[18]. Research and Development - The company's research and development expenses rose by 78.52% to ¥30,955,891.67 compared to ¥17,340,069.60 in the previous year, primarily due to increased R&D efforts following the merger with Tianjin Aorite[33]. - The company plans to continue investing in R&D to enhance product offerings and market expansion strategies[54]. - R&D expenses for Q3 2020 amounted to CNY 9,448,721.07, an increase from CNY 5,038,679.31 in Q3 2019, showing a growth of about 87.5%[53]. Other Financial Metrics - The weighted average return on net assets decreased by 0.44 percentage points to 13.68%[20]. - The company reported a government subsidy of CNY 148,895.85 for the current period[24]. - The company's capital reserve increased by 98.46% to ¥489,874,194.71 from ¥246,832,938.71, mainly due to capital premiums from stock issuance[31]. - The company recorded a 252.02% increase in investment income to ¥1,692,036.47 from ¥480,661.45, resulting from increased financial product purchases[33]. - The company experienced a foreign exchange loss of approximately -¥567,722.65 during the reporting period[77].