SHBM(SH:900939)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 184.06% to CNY 13,132,467.39 for the first nine months of the year[6] - Operating revenue for the first nine months reached CNY 14,281,255.74, an increase of 82.56% year-on-year[6] - Basic earnings per share rose by 183.92% to CNY 0.0724[6] - Total profit for the first three quarters of 2020 was ¥17,646,004.32, compared to ¥5,617,958.86 in the same period of 2019, showing a growth of approximately 213.5%[27] - Net profit for Q3 2020 was ¥4,161,254.13, compared to ¥2,077,323.20 in Q3 2019, reflecting an increase of approximately 100.5%[27] - The company reported a net loss of CNY 57,968,320.05 for the period, compared to a loss of CNY 57,392,206.76 in the previous year[24] Asset and Liability Management - Total assets increased by 12.43% to CNY 119,077,995.47 compared to the end of the previous year[6] - Total liabilities increased to CNY 44,369,929.41 from CNY 38,242,512.82 year-over-year, reflecting a growth of approximately 15.6%[23] - Shareholders' equity totaled CNY 202,779,304.96, slightly down from CNY 203,355,418.25 compared to the previous year[24] - The total current assets reached CNY 121,435,273.79, up from CNY 114,815,697.39 year-over-year[22] - The company’s total non-current assets decreased slightly to CNY 125,713,960.58 from CNY 126,782,233.68[23] Cash Flow and Liquidity - Net cash flow from operating activities increased by 134.52% to CNY 8,558,492.97 compared to the same period last year[6] - Cash and cash equivalents increased to CNY 49,762,080.14 from CNY 23,681,871.84, indicating a significant improvement in liquidity[22] - The company achieved a net cash flow from investing activities of 18,969,181.39 RMB in the first nine months of 2020, a significant recovery from a negative cash flow of -13,851,850.37 RMB in the same period last year[36] - Total cash and cash equivalents at the end of Q3 2020 reached 54,360,650.51 RMB, up from 26,808,055.09 RMB at the end of Q3 2019, indicating a growth of 102.5%[37] Shareholder Information - The total number of shareholders reached 11,426 by the end of the reporting period[10] - The largest shareholder, Shanghai Huili Group Co., Ltd., holds 28.64% of the shares[11] Operational Insights - The company has not disclosed any significant new product developments or market expansion strategies in this report[12] - The company plans to continue focusing on market expansion and new product development to sustain growth in the upcoming quarters[27] - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[48] Tax and Expenses - The company's tax expenses for the first nine months of 2020 were ¥4,483,130.96, a 336.40% increase from ¥1,027,301.03 in the previous year, reflecting increased profitability of subsidiaries[14] - Management expenses for Q3 2020 were ¥655,990.28, down from ¥841,454.57 in Q3 2019, representing a reduction of approximately 22%[26] Investment Performance - The company reported a significant decrease in investment income, with a loss of ¥130,695.04 for the third quarter of 2020, compared to a profit of ¥788,314.15 in the same quarter of 2019, primarily due to losses from the joint venture Shanghai Huili Coating Co., Ltd.[14] - The company recorded interest income of 230,241.15 million RMB in Q3 2020, compared to 210,371.90 million RMB in Q3 2019, marking an increase of 9.0%[31] - Investment income for Q3 2020 was reported at 1,074,992.75 million RMB, down from 1,308,946.19 million RMB in Q3 2019, representing a decline of 17.8%[31] Future Outlook - Future guidance remains optimistic, with expectations for continued growth in both revenue and market share[48] - The company anticipates uncertainty regarding cumulative net profit for the year compared to the previous year, mainly due to the uncertain operating performance of the joint venture Shanghai Huili Coating Co., Ltd.[15]