Genew(SH:688418)2020-10-29 16:00Financial Performance - Operating revenue for the first three quarters was CNY 271,337,514.79, representing a growth of 26.26% year-on-year[6] - Net profit attributable to shareholders was CNY 14,554,307.83, up 4.07% from the same period last year[6] - The company's total revenue for the first nine months of 2020 was RMB 129,851,531.73, a 37.56% increase compared to the same period in 2019[16] - Total revenue for Q3 2020 was CNY 60,534,103.3, a decrease of 8% compared to CNY 65,868,531.4 in Q3 2019[25] - Net profit for Q3 2020 was CNY 7,015,545.70, down from CNY 10,165,571.4 in Q3 2019[26] - The company's operating profit for the first three quarters of 2020 was ¥14,579,179.36, compared to a loss of ¥3,661,862.63 in the same period of 2019[28] - The total comprehensive income for Q3 2020 was ¥3,963,573.82, contrasting with a loss of ¥221,870.66 in Q3 2019, marking a substantial improvement[29] Assets and Liabilities - Total assets reached CNY 1,448,841,512.04, an increase of 93.81% compared to the end of the previous year[6] - Current assets totaled CNY 1,386,117,805.20, up from CNY 683,202,466.60 year-over-year, indicating a growth of approximately 103.5%[20] - Total liabilities decreased to CNY 219,916,113.58 from CNY 245,900,559.37, a reduction of approximately 10.6%[21] - The company's total liabilities to equity ratio improved, indicating a stronger financial position compared to the previous year[21] - Total liabilities decreased to CNY 291,202,657.32 in Q3 2020 from CNY 326,541,761.44 in Q3 2019[24] - The company reported a significant decrease in accounts payable by 54.97% to RMB 14,500,000.00, due to the payment of maturing notes[15] Cash Flow - The net cash flow from operating activities was -CNY 139,851,054.01, a decrease of CNY 71,075,900 compared to the previous year[8] - The company's net cash flow from operating activities was negative RMB 139,851,054.01, primarily due to increased payments for goods and other operating activities[16] - The cash inflow from operating activities in the first three quarters of 2020 totaled ¥150,557,752.67, down from ¥194,944,000.82 in the same period of 2019[35] - The net cash flow from financing activities in Q3 2020 was ¥718,775,744.14, compared to -¥43,550,684.53 in Q3 2019, showing a strong improvement[36] - The net cash flow from investing activities in Q3 2020 was -¥285,279,091.10, compared to -¥19,618,267.24 in Q3 2019, indicating increased investment outflows[33] Shareholder Information - The total number of shareholders was 11,823, with the largest shareholder holding 16.60% of the shares[13] - The company's net assets attributable to shareholders increased by 145.04% to CNY 1,227,986,631.86 compared to the end of the previous year[6] - Shareholders' equity rose to CNY 1,228,925,398.46, up from CNY 501,659,386.67, marking an increase of 144.5%[21] Research and Development - R&D expenditure accounted for 20.67% of operating revenue, a decrease of 1.87 percentage points year-on-year[7] - Research and development expenses for Q3 2020 were CNY 17,451,510.5, compared to CNY 16,483,534.7 in Q3 2019[25] - Research and development expenses for Q3 2020 amounted to ¥14,374,946.28, up from ¥11,378,034.91 in Q3 2019, reflecting a year-over-year increase of about 26.3%[28] Other Financial Metrics - Basic earnings per share were CNY 0.0934, down 3.01% from the previous year[7] - The weighted average return on net assets decreased by 0.95 percentage points to 2.18%[6] - Other income rose by 62.99% to RMB 9,693,298.40, mainly due to an increase in government subsidies received[16] - Government subsidies recognized in the current period amounted to CNY 6,541,642.70[9]