KINGSEMI(SH:688037)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months was ¥211,926,262.92, representing a significant increase of 121.43% year-on-year[11]. - Net profit attributable to shareholders was ¥44,686,074.52, a remarkable increase of 4,761.26% compared to the same period last year[11]. - Basic earnings per share rose to ¥0.53, up 5,200.00% from ¥0.01 in the previous year[11]. - The company's total revenue for Q3 2020 reached ¥149,470,440.07, a significant increase of 420.5% compared to ¥28,692,414.68 in Q3 2019[42]. - Net profit for Q3 2020 was ¥38,468,558.24, compared to a net loss of ¥1,885,758.31 in Q3 2019, indicating a strong turnaround[44]. - The company reported a net profit increase, with undistributed profits rising by 129.75% to ¥60,534,380.51 compared to ¥26,348,305.99 in the previous year[23]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,060,435,895.94, an increase of 13.89% compared to the end of the previous year[11]. - The total assets increased to ¥1,060,435,895.94, up from ¥931,116,076.19 year-over-year, reflecting a growth of 13.9%[41]. - The total liabilities rose to ¥271,352,893.86, compared to ¥176,219,148.63 in the previous year, marking an increase of 54.0%[41]. - The company's total equity increased to ¥789,083,002.08, compared to ¥754,896,927.56 in the previous year, showing a growth of 4.5%[41]. - The company's total current assets reached ¥893.40 million, compared to ¥831.97 million at the end of 2019, marking an increase of about 7.4%[35]. Cash Flow - The net cash flow from operating activities for the first nine months was -¥88,944,493.11, compared to -¥822,370.33 in the same period last year[11]. - Cash inflow from operating activities totaled CNY 239,784,381.15, up from CNY 140,590,990.30 in the previous year, representing an increase of approximately 70.5%[46]. - Cash inflow from investment activities was CNY 1,328,456,338.74, significantly higher than CNY 87,317,311.34 in the previous year[46]. - Net cash flow from investment activities was CNY 133,248,945.49, a recovery from a negative CNY 39,373,467.45 in the same period last year[46]. - The company's cash flow from investment activities was positive at ¥133,248,945.49, a significant improvement from -¥39,373,467.45 in the same period last year, due to increased recovery of financial products[27]. Shareholder Information - The total number of shareholders at the end of the reporting period was 9,507[17]. - The top shareholder, Shenyang Advanced Manufacturing Technology Industry Co., Ltd., held 14,332,430 shares, accounting for 17.06% of the total shares[17]. Research and Development - Research and development expenses accounted for 12.20% of operating revenue, a decrease of 11.80 percentage points compared to the previous year[11]. - Research and development expenses for Q3 2020 were ¥9,402,639.82, slightly down from ¥9,425,023.98 in Q3 2019, indicating stable investment in innovation[42]. Inventory and Receivables - The company's inventory increased by 96.46% to ¥321,761,639.81, reflecting the expansion of business operations[23]. - The accounts receivable rose by 64.57% to ¥90,262,912.76, attributed to increased operating income[23]. - Accounts receivable increased to ¥90.26 million from ¥54.85 million year-over-year, reflecting a growth of approximately 64.5%[35]. - Inventory levels rose significantly to ¥321.76 million, up from ¥163.78 million, indicating an increase of approximately 96.3% compared to the previous year[35]. Financial Stability - The company did not report any significant changes in net profit or losses compared to the previous year, indicating stability in financial performance[34]. - The company has not faced any overdue commitments during the reporting period, suggesting effective management of obligations[34]. - The company's long-term equity investments stood at ¥10 million, consistent with the previous year, indicating stability in investment strategy[35].