Seeyon(SH:688369)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 70.65% to CNY 57,216,598.44 year-on-year[6] - Operating revenue rose by 2.37% to CNY 390,954,595.71 for the first nine months[6] - Basic and diluted earnings per share increased by 27.59% to CNY 0.74[6] - The net cash flow from operating activities improved to CNY -103,540,524.43 from CNY -129,615,212.36 in the previous year[6] - The company reported a total comprehensive income of ¥17.78 million for Q3 2020, compared to ¥13.30 million in Q3 2019, reflecting a 33.5% increase[30] - The company achieved a total profit of ¥63.81 million for the first three quarters of 2020, compared to ¥33.81 million in the same period of 2019, a growth of 88.6%[33] Assets and Liabilities - Total assets decreased by 6.04% to CNY 1,581,752,851.38 compared to the end of the previous year[6] - The total liabilities decreased to RMB 325.58 million from RMB 454.13 million at the end of 2019[22] - The total assets as of Q3 2020 amounted to ¥1,531,564,148.14, a decrease from ¥1,626,757,674.73 in Q3 2019[25] - Total liabilities for Q3 2020 were ¥289,774,015.80, down from ¥412,062,047.92 in Q3 2019, showing a reduction of 29.7%[25] - The company's equity attributable to shareholders was 1,221,773,279.58 RMB, indicating a stable equity position[42] Cash Flow - The net cash flow from operating activities was -105,588,463.91 RMB, an improvement from -121,445,329.64 RMB in the previous year, indicating a 13% reduction in cash outflow[38] - The total cash inflow from investment activities was 1,965,249,278.09 RMB, significantly higher than 122,121,297.95 RMB in the same period last year, representing a 1515% increase[38] - The cash and cash equivalents at the end of the period totaled 1,311,451,743.06 RMB, up from 403,127,754.61 RMB year-over-year, marking a 225% increase[38] Shareholder Information - The total number of shareholders reached 4,136 by the end of the reporting period[12] - The top shareholder, Xu Shi, holds 23.13% of the shares, totaling 17,810,000 shares[12] Research and Development - Research and development expenses accounted for 16.63% of operating revenue, an increase of 0.74 percentage points[7] - Research and development expenses for Q3 2020 were ¥24,023,043.81, slightly up from ¥23,813,460.38 in Q3 2019, reflecting a growth of 0.9%[27] Operational Efficiency - The weighted average return on equity decreased by 5.25 percentage points to 4.61%[6] - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[17] - The company plans to expand its market presence and invest in new product development to drive future growth[27] Employee Compensation - The company paid approximately ¥321.42 million to employees in the first nine months of 2020, an increase from ¥282.94 million in the same period of 2019[35] - The cash paid for employee compensation was 297,178,504.74 RMB, an increase from 268,453,078.43 RMB, representing an 11% rise[38] Taxation - The cash paid for taxes was 48,362,944.88 RMB, down from 70,421,993.40 RMB, showing a 31% decrease in tax payments[38] Financial Reporting Standards - The company implemented new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting[43] - The company has adopted new revenue recognition standards effective January 1, 2020, which may impact future financial reporting[47]