Jilin OLED(SH:688378)2020-10-29 16:00Financial Performance - Revenue for the first nine months decreased by 3.83% year-on-year, totaling CNY 174,252,184.94[6] - Net profit attributable to shareholders decreased by 42.47% year-on-year, amounting to CNY 35,558,232.96[6] - Basic and diluted earnings per share decreased by 48.78% to CNY 0.63[7] - Total operating revenue for Q3 2020 was ¥22,223,634.69, a decrease of 10.8% compared to ¥24,924,774.07 in Q3 2019[27] - The company reported a net profit of ¥35,558,232.96 for the first three quarters of 2020, down from ¥61,807,381.20 in the same period of 2019, a decline of 42.3%[30] - The company reported a total comprehensive income for Q3 2020 of CNY 40,839,319.23, compared to a loss of CNY 4,687,334.27 in the same quarter last year[35] Assets and Liabilities - Total assets increased by 140.33% year-on-year, reaching CNY 1,982,740,693.45[6] - Net assets attributable to shareholders increased by 242.89% year-on-year, totaling CNY 1,546,948,549.48[6] - Current assets totaled CNY 1,519,465,301.63, up from CNY 444,263,645.88, indicating a growth of about 241% year-over-year[19] - Total liabilities amounted to CNY 435,792,143.97, compared to CNY 373,847,797.20, showing an increase of about 16.6%[20] - The company’s total liabilities decreased by 97.0% in tax payable, down to CNY 304,195.66, due to a reduction in corporate income tax[12] Cash Flow - Net cash flow from operating activities improved by 667.98% year-on-year, amounting to CNY 34,247,199.89[6] - The company achieved a net cash flow from operating activities of CNY 34,247,199.89, recovering from a net outflow of CNY 6,029,602.06 in the same period last year[38] - The net increase in cash and cash equivalents for the third quarter of 2020 was 989,404,615.57 RMB, a substantial rise from 7,286,009.15 RMB in the same quarter of 2019[41] - The company reported total financing cash inflows of CNY 1,120,376,306.68 in the first nine months of 2020, significantly higher than CNY 210,336,624.03 in the previous year[39] Shareholder Information - The total number of shareholders reached 7,023 by the end of the reporting period[10] - The largest shareholder, Xuan Jingquan, holds 21.78% of the shares, totaling 15,925,800 shares[10] Research and Development - R&D expenditure as a percentage of revenue increased by 3.25 percentage points to 17.90%[7] - Research and development expenses for Q3 2020 were ¥8,668,624.03, a decrease of 30.5% from ¥12,461,725.50 in Q3 2019[29] Government Support - The company received government subsidies amounting to CNY 7,540,272.14 for the year-to-date[8] Financial Adjustments - The company implemented the new revenue recognition standard, resulting in a decrease of accounts receivable by ¥10,039,220.00 and an increase in contract assets by the same amount[48] - The new standard also led to a reduction in advance receipts by ¥198,469,159.90 and an increase in contract liabilities by the same amount[48] - The company has adjusted its financial statements to reflect the cumulative impact of the new revenue recognition standard, affecting various balance sheet items[49]