Forecam(SH:688010)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 33.76% to CNY 35,036,399.04 for the first three quarters[6] - Operating income for the first three quarters was CNY 369,367,483.67, a decrease of 7.45% year-on-year[6] - In Q3, operating income was CNY 134,812,771.05, an increase of 5.35% year-on-year[8] - Net profit for Q3 rose by 46.07% to CNY 9,649,072.50 compared to the same period last year[8] - Basic and diluted earnings per share decreased by 46.51% to CNY 0.23[7] - Total revenue for Q3 2020 was CNY 134,812,771.05, an increase from CNY 127,964,939.58 in Q3 2019[34] - Year-to-date revenue for the first three quarters of 2020 was CNY 369,367,483.67, down from CNY 399,093,666.97 in the same period of 2019, representing a decrease of approximately 7.46%[34] - Net profit for Q3 2020 reached CNY 9,649,072.50, compared to CNY 6,605,910.71 in Q3 2019, indicating a year-over-year increase of about 46.2%[36] - The company reported a total comprehensive income of CNY 4,501,416.70 for Q3 2020, reflecting a decrease of 60.9% compared to CNY 11,515,931.40 in Q3 2019[41] Assets and Liabilities - Total assets increased by 8.73% to CNY 2,206,238,932.56 compared to the end of the previous year[6] - Total liabilities increased by 120.02% to CNY 370,187,009.17 from CNY 168,253,669.01, due to comprehensive changes in various current liabilities[19] - Total non-current assets increased by 41.82% to CNY 943,524,476.28 from CNY 665,292,885.76, driven by various non-current asset changes[19] - Total current assets decreased to ¥1,262,714,456.28 from ¥1,363,862,201.60, indicating a reduction in liquidity[25] - Total liabilities increased to CNY 420,079,756.05 from CNY 247,155,646.65, marking a significant rise of approximately 69.6%[28] - Current liabilities totaled CNY 370,187,009.17, up from CNY 168,253,669.01, indicating an increase of about 120.2%[28] Cash Flow - Cash flow from operating activities increased by 137.85% to CNY 54,551,431.60 for the first nine months[6] - Cash flow from operating activities increased by 137.85% to ¥54,551,431.60, resulting from improved accounts receivable management and reduced tax payments[21] - Cash flow from investment activities totaled ¥323,445,817.10, a decrease of 64.94%, mainly due to changes in cash management[21] - The company generated a net cash flow from operating activities of CNY 54,551,431.60 in the first nine months of 2020, compared to CNY 22,935,104.02 in the same period last year, an increase of 138.0%[45] - Cash inflow from financing activities was 250,000,000.00 RMB, compared to 930,382,400.00 RMB in the previous year, with a net cash flow of 217,358,255.50 RMB[48] Research and Development - R&D expenses increased by 35.98% to CNY 36,894,102.60, representing 9.99% of operating income[8] - Research and development expenses for Q3 2020 totaled CNY 14,463,261.77, compared to CNY 11,464,762.66 in Q3 2019, marking an increase of about 26.0%[36] - R&D expenses increased to CNY 9,293,661.67 in Q3 2020, up 28.3% from CNY 7,243,665.91 in Q3 2019[40] Shareholder Information - The total number of shareholders reached 11,943 by the end of the reporting period[14] - The total equity attributable to shareholders was CNY 1,786,159,176.51, slightly up from CNY 1,781,999,440.71, indicating a marginal increase of about 0.2%[28] Other Financial Metrics - The weighted average return on equity decreased by 3.33 percentage points to 1.95%[7] - Investment income surged by 400% to ¥16,547,318.25, mainly due to increased interest income from cash management[20] - Tax expenses for Q3 2020 were CNY 151,467.36, down from CNY 893,467.49 in Q3 2019, showing a decrease of about 83.1%[36] - The company reported a 191.49% increase in long-term deferred expenses to CNY 13,594,024.21 from CNY 4,663,683.17, primarily due to factory renovation costs[19]