HCR(SH:688500)2020-10-30 16:00Financial Performance - Operating revenue decreased by 8.57% to CNY 227,177,073.09 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders dropped by 23.33% to CNY 17,933,367.98 year-over-year[6] - Basic and diluted earnings per share decreased by 28.57% to CNY 0.300[7] - Total operating revenue for Q3 2020 was ¥79,391,539.56, a decrease of 4.3% compared to ¥83,333,696.32 in Q3 2019[26] - Net profit for Q3 2020 was ¥7,402,276.28, down 11.9% from ¥8,405,431.86 in Q3 2019[27] - The total profit for the first three quarters of 2020 was ¥20,862,722.78, a decrease of 26.1% from ¥28,171,988.36 in the same period of 2019[27] - The total profit for Q3 2020 was ¥111,450.96, down 98.0% from ¥5,607,829.86 in Q3 2019[31] - Total comprehensive income for Q3 2020 was ¥7,194,846.15, down from ¥8,588,894.77 in Q3 2019[28] Assets and Liabilities - Total assets increased by 76.92% to CNY 1,293,923,652.93 compared to the end of the previous year[6] - Current assets totaled CNY 1,177,482,407.73, up from CNY 604,922,235.51, indicating a growth of about 94.5% year-over-year[20] - Total liabilities decreased to CNY 109,984,901.16 from CNY 127,798,970.47, a reduction of approximately 14%[21] - The company’s total liabilities and equity reached CNY 1,293,923,652.93, consistent with the total assets, confirming the balance sheet integrity[21] - Total assets as of Q3 2020 were 731,354,232.80 RMB, reflecting the company's asset management strategy[44] - The total liabilities as of Q3 2020 were 127,798,970.47 RMB, indicating a stable leverage position[44] Shareholder Information - The total number of shareholders reached 9,292 at the end of the reporting period[12] - The top ten shareholders held a combined 56.47% of the total shares[12] - Shareholders' equity rose to CNY 1,183,938,751.77, up from CNY 603,555,262.33, indicating an increase of about 96.1%[21] - The total equity attributable to shareholders as of Q3 2020 was 597,654,481.26 RMB, showing a solid equity base for future growth[45] Research and Development - R&D investment as a percentage of operating revenue increased by 3.44 percentage points to 9.51%[7] - The company's research and development expenses rose by 43.10% to CNY 21.59 million, reflecting increased investment in R&D projects[15] - R&D expenses for Q3 2020 were ¥7,495,831.58, an increase of 45.3% compared to ¥5,150,734.45 in Q3 2019[26] - Research and development expenses increased to ¥6,680,938.37 in Q3 2020, representing a 36.2% rise from ¥4,906,185.70 in Q3 2019[31] Cash Flow - Net cash flow from operating activities improved by 11.37% to -CNY 33,247,375.10 compared to the same period last year[6] - The net cash flow from operating activities for the first three quarters of 2020 was -¥33,247,375.10, an improvement from -¥37,512,253.81 in the same period of 2019[35] - The net cash flow from operating activities in Q3 2020 was -30,396,858.03 RMB, an improvement from -40,845,139.68 RMB in Q3 2019[40] - Cash flow from financing activities in Q3 2020 was 572,614,844.90 RMB, a substantial increase from -2,537,400.01 RMB in Q3 2019, indicating successful capital raising efforts[40] Investment Activities - The cash flow from investing activities showed a significant increase of 12,755.86% to -CNY 441.15 million, mainly due to increased investment in structured deposits[15] - Total investment cash outflow for the first three quarters of 2020 was ¥496,280,673.45, compared to ¥7,977,631.62 in the same period of 2019[36] - The company reported a significant increase in cash inflow from investments, suggesting a focus on strategic acquisitions and growth initiatives[40] Future Outlook - Future outlook includes potential market expansion and product development initiatives to drive growth[49]