SHIHUA(SH:688093)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months grew by 30.55% year-on-year, totaling CNY 213,904,364.95[6] - Net profit attributable to shareholders rose by 67.97% to CNY 79,102,395.52 for the first nine months[6] - Basic and diluted earnings per share increased by 64.86% to CNY 0.61[7] - The increase in net profit was attributed to sales growth and effective cost control, leading to improved gross profit margins[8] - The company achieved a total profit of ¥58,491,767.41 in Q3 2020, compared to ¥35,435,608.62 in Q3 2019, reflecting a 64.9% increase[35] - The company's operating revenue for Q3 2020 was ¥109,645,289.57, representing an increase from ¥83,209,363.66 in Q3 2019, which is a growth of approximately 31.8%[39] - Net profit for Q3 2020 was ¥49,825,440.52, representing a 65.5% increase from ¥30,052,314.21 in Q3 2019[35] - The total profit for Q3 2020 was ¥58,265,204.32, up from ¥35,622,002.80 in Q3 2019, representing a growth of about 63.6%[40] Asset and Equity Growth - Total assets increased by 196.91% compared to the end of the previous year, reaching CNY 1,176,872,741.71[6] - Net assets attributable to shareholders increased by 278.13% to CNY 1,042,131,828.53[6] - The company’s IPO funding significantly contributed to the growth in total assets and net assets[8] - Owner's equity increased significantly to CNY 1,042,131,828.53 from CNY 275,600,665.56 year-on-year[28] - Total assets as of September 30, 2020, amounted to CNY 1,176,872,741.71, compared to CNY 396,379,965.30 at the end of 2019[27] - Total liabilities increased to CNY 134,740,913.18 from CNY 120,779,299.74 year-on-year[28] - Shareholder equity totaled ¥1,039,577,621.88 in Q3 2020, a substantial increase from ¥272,536,940.33 in Q3 2019[31] Cash Flow and Investment - The net cash flow from operating activities increased by 28.67% to CNY 47,320,930.30[6] - Operating cash inflow for the first three quarters of 2020 was CNY 203,612,009.97, an increase of 15.3% compared to CNY 176,523,410.99 in the same period of 2019[42] - Cash inflow from investment activities in the first three quarters of 2020 totaled CNY 180,443,851.51, significantly higher than CNY 31,703,267.67 in the same period of 2019[43] - The net cash flow from investment activities was negative CNY 40,839,761.08 in Q3 2020, an improvement from negative CNY 68,427,369.90 in Q3 2019[43] - Cash inflow from financing activities in the first three quarters of 2020 was CNY 719,053,301.89, with a net cash flow of CNY 692,291,380.00, a significant rise from CNY 8,483,807.29 in the same period of 2019[43] Expenses and Costs - Research and development expenses accounted for 5.83% of operating revenue, a decrease of 1.47 percentage points[7] - Sales expenses increased by ¥2.90 million, up 33.25%, primarily due to the expansion of the sales team and increased marketing efforts[21] - The company reported a total of ¥8,666,326.89 in income tax expenses for Q3 2020, up from ¥5,383,294.41 in Q3 2019[35] - The company's total operating costs for Q3 2020 were ¥36,565,545.47, compared to ¥33,863,336.21 in Q3 2019, reflecting an increase of approximately 7.9%[39] Accounts and Inventory - Accounts receivable rose by ¥39.47 million, up 46.96%, attributed to significant growth in sales revenue[17] - Inventory grew by ¥17.20 million, an increase of 77.49%, driven by expanded sales scale[17] - The company reported a credit impairment loss of ¥-1,189,582.70 in Q3 2020, compared to ¥-682,770.91 in Q3 2019, which is an increase in losses[39] - Inventory increased to CNY 39,390,970.13 from CNY 22,193,269.76 year-on-year[26]