华达新材(605158) - 2020 Q3 - 季度财报

Financial Performance - Operating income for the first nine months reached CNY 4,397,246,812.66, a 9.51% increase from the same period last year[6]. - Net profit attributable to shareholders increased by 43.99% to CNY 202,513,595.10 compared to the previous year[6]. - Basic and diluted earnings per share improved by 33.33% to CNY 0.64[7]. - Net profit rose by 43.99% to CNY 202,513,595.10 from CNY 140,642,495.85, driven by increased sales revenue and improved gross margin[13]. - Total operating revenue for Q3 2020 reached ¥1,666,228,448.55, an increase of 15.4% compared to ¥1,444,424,534.84 in Q3 2019[23]. - Net profit for the first three quarters of 2020 was ¥4,397,246,812.66, compared to ¥4,015,462,097.66 in the same period of 2019, indicating a year-on-year increase of 9.5%[23]. - The net profit attributable to shareholders for Q3 2020 was ¥98,708,671.31, compared to ¥32,425,702.87 in Q3 2019, indicating a significant increase of about 205%[27]. - The total profit for Q3 2020 was ¥114,370,597.84, up from ¥38,983,202.14 in Q3 2019, reflecting an increase of approximately 194%[26]. Assets and Liabilities - Total assets increased by 52.98% to CNY 2,663,083,026.43 compared to the end of the previous year[6]. - The company's total assets as of September 30, 2020, amounted to ¥2,660,701,268.67, compared to ¥1,739,058,016.11 at the end of 2019, representing a growth of 53.0%[20]. - The total liabilities decreased to ¥771,169,318.06 from ¥800,805,316.04, a reduction of 3.9%[21]. - Total current assets amounted to approximately 1.28 billion, with cash and cash equivalents at 347.55 million and accounts receivable at 101.33 million[43]. - Total non-current assets reached approximately 458.02 million, including fixed assets valued at 375.20 million and intangible assets at 55.42 million[44]. - Total liabilities were approximately 800.81 million, with current liabilities at 789.80 million, including short-term borrowings of 420.16 million[45]. Cash Flow - Net cash flow from operating activities for the first nine months was CNY 123,991,492.28, up 63.42% year-on-year[6]. - Operating cash flow increased by 63.42% to CNY 123,991,492.28 from CNY 75,873,807.77, primarily due to increased bill settlements[13]. - The net cash flow from operating activities for the first nine months of 2020 was CNY 123,991,492.28, up from CNY 75,873,807.77 in the same period last year, reflecting a growth of approximately 63%[33]. - The company's net cash flow from financing activities was CNY 422,677,839.10, a significant improvement from a net outflow of CNY 24,464,183.40 in the same period last year[36]. Shareholder Information - The total number of shareholders reached 38,338 by the end of the reporting period[9]. - The largest shareholder, Zhejiang Huada Group, holds 57.65% of the shares[9]. - The company's equity attributable to shareholders reached ¥1,889,531,950.61, up from ¥938,252,700.07, indicating a growth of 101.5%[21]. - The company’s total equity as of Q3 2020 was CNY 939,967,200.06, reflecting stability in shareholder equity compared to the previous year[41]. Expenses and Costs - Total operating costs for Q3 2020 were ¥1,558,172,028.31, up from ¥1,412,654,211.30 in Q3 2019, reflecting a growth of 10.3%[23]. - Financial expenses increased by 34.68% to CNY 12,567,828.89 from CNY 9,331,541.99, mainly due to reduced exchange gains from currency fluctuations[12]. - The financial expenses for Q3 2020 were ¥3,165,770.56, compared to ¥2,359,934.58 in Q3 2019, indicating an increase of approximately 34%[29]. - The income tax expense for Q3 2020 was ¥15,661,926.53, compared to ¥6,557,499.27 in Q3 2019, reflecting an increase of about 139%[26]. Other Financial Metrics - Government subsidies recognized in the first nine months amounted to CNY 9,554,662.08[8]. - Other income rose by 59.29% to CNY 9,554,662.08 from CNY 5,998,210.35, primarily due to increased government subsidies[13]. - Research and development expenses for Q3 2020 were ¥53,721,051.02, compared to ¥44,483,176.01 in Q3 2019, marking a 20.5% increase[23]. - The company incurred a credit impairment loss of CNY 1,684,752.45 in Q3 2020, a decrease from CNY 2,473,859.46 in Q3 2019, indicating an improvement in credit quality[30].