ERDOS(SH:900936)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 2.01% to CNY 954.13 million for the first nine months[5] - Operating revenue for the first nine months decreased by 5.36% to CNY 15.75 billion compared to the same period last year[5] - Basic earnings per share decreased by 16.25% to CNY 0.67[5] - The weighted average return on equity decreased by 1.80 percentage points to 7.37%[5] - Total revenue for Q3 2020 was CNY 5,731,441,154.24, a decrease of 8.6% compared to Q3 2019's CNY 6,273,821,376.28[28] - The net profit for Q3 2020 reached CNY 665,127,552.79, an increase of 50.0% compared to CNY 443,343,792.68 in Q3 2019[30] - The company reported a total profit of CNY 768,995,346.13 for Q3 2020, compared to CNY 487,348,352.24 in Q3 2019, reflecting a significant increase[30] - The total comprehensive income for Q3 2020 was CNY 665,395,958.38, compared to CNY 443,509,202.02 in Q3 2019[32] - The net profit for Q3 2020 was CNY 501,130,170.59, down 20.1% from CNY 627,396,986.25 in Q3 2019[36] Assets and Liabilities - Total assets decreased by 4.59% to CNY 47.32 billion compared to the end of the previous year[5] - Total assets as of September 30, 2020, amounted to CNY 47.32 billion, a decrease of 4.6% from CNY 49.60 billion at the end of 2019[22] - Current liabilities totaled CNY 23.36 billion, down 3.6% from CNY 24.23 billion in the previous year[20] - The company's total liabilities decreased to CNY 29.84 billion, down 7.2% from CNY 32.30 billion[20] - The total liabilities amounted to CNY 32,301,785,797.26, with current liabilities at CNY 24,232,352,136.38 and non-current liabilities at CNY 8,069,433,660.88[46] - The company's total liabilities to equity ratio stands at approximately 1.87, indicating a moderate level of leverage[46] Cash Flow - Net cash flow from operating activities increased by 19.75% to CNY 4.04 billion for the first nine months[5] - The company's operating cash flow for the first three quarters of 2020 was CNY 4,035,487,075.10, an increase of 19.7% compared to CNY 3,369,965,244.40 in the first three quarters of 2019[38] - The net cash flow from operating activities for the first three quarters of 2020 was CNY 127,760,679.51, a decrease of 57.2% compared to CNY 298,545,749.59 in the same period of 2019[41] - Cash inflow from financing activities amounted to CNY 8,461,106,178.09, with cash outflow totaling CNY 9,621,037,153.66, leading to a net cash flow of -CNY 1,159,930,975.57[42] Shareholder Information - The company reported a total of 63,121 shareholders as of the report date[7] - The largest shareholder, Inner Mongolia Ordos Cashmere Group Co., Ltd., holds 54.30% of the shares, with 775,406,529 shares[9] Research and Development - Research and development expenses increased by 46.95% to CNY 235 million, driven by automation and intelligent upgrades in production processes[13] - Research and development expenses for Q3 2020 were CNY 75,740,009.32, slightly down from CNY 78,758,362.48 in Q3 2019[30] - Research and development expenses for Q3 2020 were CNY 1,323,971.55, slightly down from CNY 1,698,651.10 in Q3 2019[34] Other Financial Metrics - Non-operating income for the first nine months amounted to CNY 42.04 million, with a significant portion from government subsidies[6] - Other income rose by 84.14% to CNY 145 million, primarily due to increased government subsidies[13] - The company reported a significant decrease in tax and surcharges by 32.58%, amounting to CNY 321 million, due to reduced taxes and tariffs[13] - The company repurchased all CNY 1.3 billion of its bonds ahead of schedule, with the coupon rate adjusted to 4.35%[15] - The company has not disclosed any new product developments or market expansion strategies in this report[8]