Holystar(SH:688330)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 682,756,198.73, a 30.59% increase year-on-year[6] - Net profit attributable to shareholders increased by 42.05% to CNY 255,289,195.79 for the first nine months[6] - Basic earnings per share rose by 42.05% to CNY 3.4039[7] - Revenue for the third quarter of 2020 was CNY 682,756,198.73, a 30.59% increase from CNY 522,825,298.14 in the same period last year[18] - The total profit for Q3 2020 was approximately $110.47 million, up from $30.55 million in Q3 2019, marking an increase of 262.5%[34] - The net profit for the first three quarters of 2020 was ¥221,823,039.58, compared to ¥155,576,595.30 in the same period of 2019, marking an increase of 42.5%[38] Assets and Liabilities - Total assets increased by 220.64% to CNY 3,335,681,261.52 compared to the end of the previous year[6] - Total liabilities amounted to CNY 397,324,369.26, compared to CNY 382,978,136.32 in the previous year[30] - The company’s total liabilities included short-term borrowings of 65,089,054.17 RMB and accounts payable of 118,981,527.85 RMB, indicating ongoing operational obligations[47] - Total assets reached CNY 1,040,324,232.53, with current assets at CNY 860,714,282.11 and non-current assets at CNY 137,465,279.05[51] Shareholder Information - The total number of shareholders reached 24,922[13] - The top ten shareholders held a combined 66.85% of the shares, with the largest shareholder owning 18.05%[13] - Shareholders' equity increased to CNY 2,903,329,397.62, up from CNY 615,201,424.84 year-over-year[30] - The company’s total equity attributable to shareholders was CNY 615,201,424.84, reflecting a stable capital structure[52] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 267,500,833.16, a decrease of 20.96% compared to the same period last year[6] - The net cash flow from operating activities for the first three quarters of 2020 was -¥274,540,966.45, compared to -¥227,685,641.01 in the same period of 2019, indicating a decline in operational cash flow[43] - The company reported a significant increase in undistributed profits to CNY 557,520,995.09 from CNY 335,697,955.51[30] - The total cash inflow from financing activities in Q3 2020 was 2,206,935,000.00 RMB, significantly higher than 124,000,000.00 RMB in the previous year, resulting in a net cash flow from financing activities of 2,148,630,716.46 RMB[44] Research and Development - R&D expenditure accounted for 4.11% of operating revenue, an increase of 0.73 percentage points[7] - Research and development expenses increased by 58.68% to CNY 28,073,031.15 from CNY 17,691,132.20 year-over-year, reflecting new projects and increased personnel[18] - Research and development expenses for Q3 2020 amounted to approximately $11.15 million, a 73.5% increase compared to $6.44 million in Q3 2019[34] Other Income and Expenses - The company reported a government subsidy of CNY 3,627,214.54 for the first nine months, which is closely related to its normal business operations[9] - Other income surged by 380.67% to CNY 44,524,565.81 from CNY 9,262,930.88, attributed to tax refunds received[18] - The company incurred financial expenses of approximately $1.56 million in Q3 2020, compared to $1.23 million in Q3 2019, reflecting a rise of 27%[34] - The financial expenses for the first three quarters of 2020 were ¥4,238,815.33, compared to ¥1,202,952.62 in 2019, indicating a substantial increase in financial costs[37]