RISONG(SH:688090)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 647,893,438.57, a 33.02% increase year-on-year[6] - Net profit attributable to shareholders decreased by 0.53% to CNY 42,033,263.81 compared to the same period last year[6] - Basic earnings per share decreased by 21.43% to CNY 0.66[7] - Total operating revenue for Q3 2020 was approximately ¥224.73 million, a 34% increase from ¥167.74 million in Q3 2019[30] - Net profit for Q3 2020 was approximately ¥15.44 million, compared to ¥28.26 million in Q3 2019, indicating a decrease of 45%[31] - Total profit for the first three quarters of 2020 was approximately ¥45.56 million, compared to ¥51.27 million in the same period of 2019, a decrease of 11%[31] Assets and Liabilities - Total assets increased by 26.75% to CNY 1,658,151,089.04 compared to the end of the previous year[6] - Current liabilities rose to CNY 601,607,165.56, compared to CNY 523,736,754.61, marking an increase of about 15%[24] - Non-current liabilities decreased significantly to CNY 73,836,400.68 from CNY 238,448,264.97, a reduction of approximately 69%[25] - Total liabilities decreased to CNY 675,443,566.24 from CNY 762,185,019.58, a decline of approximately 11%[25] - The company's long-term borrowings decreased by 83.06% to RMB 25,332,035.92, as part of the repayment of loans using raised funds[16] Shareholder Information - The company had a total of 6,640 shareholders at the end of the reporting period[11] - The top shareholder, Sun Zhiqiang, holds 20,125,435 shares, accounting for 29.88% of the total shares[12] - Net assets attributable to shareholders increased by 84.02% to CNY 937,736,607.95 compared to the end of the previous year[6] - The company reported a significant increase in total equity attributable to shareholders, rising to CNY 937,736,607.95 from CNY 509,587,496.92, a growth of around 84%[25] Cash Flow - The net cash flow from operating activities for the first nine months was negative CNY 102,419,648.75, compared to negative CNY 18,307,954.03 in the same period last year[6] - The cash flow from operating activities for the first three quarters of 2020 was negative at -¥102,419,648.75, compared to -¥18,307,954.03 in the same period of 2019[39] - The total cash inflow from operating activities in the first three quarters of 2020 was ¥674,200,157.59, compared to ¥614,977,901.45 in the same period of 2019, representing a 9.6% increase[39] - The company generated 239,227,241.98 RMB in cash inflows from operating activities in Q3 2020, an increase from 199,838,193.12 RMB in Q3 2019[42] Research and Development - Research and development expenses accounted for 4.53% of operating revenue, a decrease of 0.20 percentage points[7] - Research and development expenses increased by 27.48% to RMB 29,352,644.81, reflecting the company's commitment to enhancing R&D investment[17] - Research and development expenses for Q3 2020 were approximately ¥11.43 million, a significant increase of 72% from ¥6.64 million in Q3 2019[30] Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to CNY 11,561,695.02[8] - The company reported a significant increase in other income, which rose by 111.43% to RMB 25,959,696.36, mainly due to increased government subsidies[17] - The company reported other income of ¥6,872,110.44 in Q3 2020, compared to ¥5,998,439.86 in Q3 2019, showing a growth of 14.6%[34]