QIFAN(SH:605222)2020-10-26 16:00Financial Performance - Operating revenue for the first nine months was ¥6,359,059,827.05, representing a 14.01% increase from the same period last year[11]. - Net profit attributable to shareholders of the listed company was ¥307,647,731.35, up 19.00% year-on-year[11]. - Basic earnings per share for the period was ¥0.85, an increase of 23.19% compared to the same period last year[14]. - The company reported a net profit of ¥1,019,887,086.93 for the first three quarters of 2020, compared to ¥801,605,638.25 for the same period in 2019, an increase of 27.3%[48]. - Net profit for Q3 2020 was ¥158,031,151.71, compared to ¥111,965,390.74 in Q3 2019, reflecting a year-over-year increase of about 41.2%[56]. - The company reported a total profit of ¥213,951,005.70 for Q3 2020, compared to ¥137,076,413.76 in Q3 2019, marking an increase of around 56.2%[62]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,481,867,115.94, an increase of 52.71% compared to the end of the previous year[11]. - Total liabilities as of September 30, 2020, amounted to CNY 2,763,928,399.01, compared to CNY 2,030,892,487.42 as of December 31, 2019[40]. - The company’s total liabilities as of September 30, 2020, were ¥2,319,010,012.63, up from ¥1,666,757,713.06 at the end of 2019, reflecting a 39.1% increase[46]. - The company’s total assets impairment losses for Q3 2020 were ¥178,658.63, compared to ¥1,074,793.03 in the previous year, indicating a decrease in asset quality issues[62]. Cash Flow - The net cash flow from operating activities for the first nine months was -¥1,891,593,720.82, a significant decline of 425.34% compared to the previous year[11]. - The company reported a net cash flow from operating activities of -1,670,353,926.57 RMB for the first three quarters of 2020, compared to -47,525,765.56 RMB in the same period of 2019[73]. - Total cash inflow from operating activities was 5,550,928,768.74 RMB, compared to 4,860,177,846.87 RMB in the previous year[73]. - Cash paid for purchasing goods and services increased by 41.61% to CNY 6,587,259,651.17, primarily due to increased payments for goods[30]. - Cash inflow from financing activities amounted to 2,401,692,924.55 RMB, with cash outflows totaling 704,662,005.53 RMB, resulting in a net cash flow of 1,697,030,919.02 RMB[73]. Shareholder Information - The total number of shareholders at the end of the reporting period was 6,088,029, with significant holdings concentrated among the top ten shareholders[19]. - Net cash inflow from investment activities amounted to -$6,654,809.84, a significant decrease compared to -$265,204,009.02 in the previous period[75]. Research and Development - Research and development expenses rose by 81.68% to ¥23,465,314.81 from ¥12,915,586.50 year-on-year, reflecting increased investment in R&D[27]. - R&D expenses in Q3 2020 amounted to ¥13,511,682.26, significantly higher than ¥4,424,928.85 in Q3 2019, indicating a 205.5% increase[49]. - Research and development expenses for Q3 2020 amounted to ¥6,744,541.32, up from ¥4,424,928.85 in Q3 2019, which is an increase of approximately 52.5%[62]. Financial Ratios - The weighted average return on net assets was 16.19%, down 2.89 percentage points from the previous year[14]. - The company’s retained earnings grew by 37.34% to ¥1,131,531,296.07 from ¥823,883,564.73, reflecting an increase in profits for the period[27]. Government Support - Government subsidies recognized in the current period amounted to ¥6,991,173.29, while total government subsidies for the year reached ¥35,499,906.05[14]. - Cash received from government subsidies and returned bid deposits increased by 42.44% to CNY 98,504,710.03[30].