Eazytec(SH:688258)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders increased by 126.73% to CNY 43,524,113.68 for the first nine months of the year[6] - Operating revenue for the first nine months was CNY 133,405,650.98, a slight increase of 0.51% year-on-year[6] - Basic and diluted earnings per share rose by 72.41% to CNY 0.50[7] - Net profit for Q3 2020 reached ¥18,235,474.70, compared to ¥10,500,997.50 in Q3 2019, indicating a year-over-year increase of approximately 73.5%[25] - The company reported a total profit of ¥20,254,032.49 for Q3 2020, significantly higher than ¥12,392,820.99 in Q3 2019, representing a growth of about 63%[25] - Total operating revenue for Q3 2020 was ¥58,002,813.08, a slight decrease from ¥58,236,933.88 in Q3 2019[23] - Total operating costs for Q3 2020 were ¥40,114,425.64, down from ¥43,882,054.88 in Q3 2019, representing a reduction of approximately 17.5%[23] Assets and Liabilities - Total assets increased by 3.87% to CNY 980,232,631.68 compared to the end of the previous year[6] - Total current assets decreased slightly to ¥825,880,679.94 from ¥840,713,512.34[16] - Non-current assets totaled CNY 154.35 billion, a significant increase from CNY 102.98 billion, marking a growth of 50%[17] - Current liabilities decreased to CNY 67.53 billion from CNY 77.52 billion, a reduction of approximately 13%[17] - Total liabilities rose to CNY 93.33 billion, compared to CNY 87.96 billion, reflecting an increase of 6.5%[18] - Shareholders' equity increased to CNY 886.90 billion from CNY 855.72 billion, showing a growth of 3.6%[18] - Total liabilities amounted to ¥87,964,721.32, with current liabilities at ¥77,523,574.70 and non-current liabilities at ¥10,441,146.62[41] Cash Flow - Net cash flow from operating activities surged by 115.07% to CNY 59,882,349.98 compared to the same period last year[6] - Cash flow from operating activities increased by 115.07% to ¥59,882,349.98 from ¥27,843,336.56, attributed to increased government subsidies and receivables[15] - The total cash inflow from operating activities for the first nine months of 2020 was CNY 149,297,591.98, down 38.5% from CNY 242,658,956.69 in the same period of 2019[36] - The net cash flow from investment activities was CNY -102,263,874.66 in Q3 2020, compared to a positive cash flow of CNY 11,561,153.25 in Q3 2019[37] - Cash inflow from operating activities totaled CNY 183,014,350.77 in Q3 2020, compared to CNY 139,134,048.46 in Q3 2019, showing an increase of 31.5%[33] Shareholder Information - The total number of shareholders reached 6,978 by the end of the reporting period[12] - The largest shareholder, Xie Qian, holds 43.05% of the shares[12] Research and Development - R&D investment accounted for 18.44% of operating revenue, an increase of 4.16 percentage points[7] - Research and development expenses for the first three quarters of 2020 totaled ¥24,601,231.75, compared to ¥18,949,871.65 in the same period of 2019, marking an increase of approximately 29%[25] - Research and development expenses increased to CNY 2,213,722.17 in Q3 2020, up 18.2% from CNY 1,871,511.20 in Q3 2019[29] Other Financial Metrics - The weighted average return on equity decreased by 1.33 percentage points to 4.99%[7] - The company reported a government subsidy of CNY 3,706,463.06, which is closely related to its normal business operations[8] - Financial expenses decreased by 317.53% to -¥1,876,720.61 from ¥862,749.18, mainly due to increased interest income[15] - Other income increased by 51.59% to ¥5,621,622.17 from ¥3,708,317.70, primarily due to increased government subsidies[15] - The company reported a significant increase in fair value gains of 2046.65% to ¥8,229,925.66 from ¥383,384.30, resulting from increased returns on financial products[15]