SQM(SH:688138)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months was ¥383,202,937.71, representing a year-on-year growth of 9.71%[6] - Net profit attributable to shareholders for the first nine months was ¥62,548,470.42, up 13.04% from the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥56,310,468.66, an increase of 14.67% year-on-year[6] - Cash flow from operating activities for the first nine months was ¥139,144,599.33, a significant increase of 65.08% compared to the previous year[6] - Basic and diluted earnings per share were both ¥0.23, down 17.86% from the previous year[6] - Net profit for the first three quarters of 2020 was ¥392,538,440.45, compared to ¥344,047,469.24 in the same period of 2019, reflecting a growth of 14.1%[27] - Total comprehensive income for Q3 2020 was CNY 23,642,778.90, compared to CNY 23,059,352.80 in Q3 2019, reflecting an increase of approximately 2.5%[35] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,388,252,691.43, an increase of 4.52% compared to the end of the previous year[6] - Total current assets decreased to CNY 501,466,897.63 from CNY 574,971,143.08 at the end of 2019[20] - Total non-current assets increased to CNY 886,785,793.80 from CNY 753,258,591.28 at the end of 2019[21] - Total liabilities increased to CNY 223,756,818.58 from CNY 204,938,331.93 at the end of 2019[22] - Total liabilities decreased to ¥97,031,640.97 in Q3 2020 from ¥149,090,626.25 in Q2 2020, indicating a reduction of 34.9%[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,386[10] - The top shareholder, Light Film (Hong Kong) Co., Ltd., held 36.97% of the shares, totaling 98,636,400 shares[10] Cash Flow - Cash inflow from operating activities totaled CNY 472,993,352.33 in Q3 2020, compared to CNY 382,925,586.42 in Q3 2019, indicating an increase of approximately 23.5%[38] - Cash outflow from operating activities was CNY 333,848,753.00 in Q3 2020, compared to CNY 298,638,901.51 in Q3 2019, which is an increase of about 11.8%[38] - Cash and cash equivalents were ¥203,541,255.64 in Q3 2020, down from ¥262,436,328.69 in Q2 2020, a decline of 22.4%[26] - Cash and cash equivalents at the end of Q3 2020 stood at CNY 226,877,406.69, compared to CNY 54,070,550.81 at the end of Q3 2019, showing a significant increase[39] Expenses and Investments - R&D investment accounted for 4.47% of operating revenue, an increase of 0.18 percentage points compared to the previous year[7] - Sales expenses decreased by 46.72% to CNY 9,587,361.96 from CNY 17,994,431.74, due to the new revenue recognition standards[16] - Financial expenses dropped by 105.38% to -CNY 203,859.59 from CNY 3,786,476.44, as interest expenses and exchange losses significantly declined[16] - R&D expenses for Q3 2020 increased to ¥6,741,455.27, up 16.2% from ¥5,804,749.21 in Q3 2019[29] Other Financial Metrics - The weighted average return on equity decreased by 4.46 percentage points to 5.45%[6] - The company reported a credit impairment loss of CNY 375,559.72, a significant reduction compared to the previous period[16] - The company reported a credit impairment loss of CNY 596.66 thousand in Q3 2020, compared to a loss of CNY 406.97 thousand in Q3 2019[34]