2020-10-30 16:00Financial Performance - Net profit attributable to shareholders rose by 84.61% to CNY 1.67 billion for the reporting period[8]. - Operating revenue for the period reached CNY 16.42 billion, reflecting a 72.94% increase year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 122.50% to CNY 1.45 billion[8]. - Basic earnings per share doubled to CNY 0.22, a 100% increase compared to the same period last year[8]. - The weighted average return on equity improved to 3.68%, up from 1.27% in the previous year[8]. - The company reported a net profit of 1,152 million, reflecting a stable performance in the financial sector[27]. - The company achieved a net profit of ¥5.74 billion for the year-to-date, compared to ¥3.46 billion in the previous year, indicating an increase of about 65%[58]. - The net profit for the period was ¥3.23 billion, compared to ¥2.40 billion in the previous year, marking an increase of about 34.6%[63]. Revenue Growth - The company's operating revenue for Q3 2020 reached ¥45.24 billion, an increase of 42.48% compared to the previous period[17]. - The company reported a total revenue of 20 billion CNY for Q3 2020, reflecting a year-on-year increase of 10%[29]. - The total revenue of ¥45.24 billion for the year-to-date was up from ¥31.75 billion in the same period last year, representing a growth of about 42%[56]. - Total operating revenue for the third quarter reached ¥16,416,805,486.62, a significant increase from ¥9,492,865,605.65 in the same period last year[48]. Asset Management - Total assets increased by 20.82% to CNY 111.24 billion compared to the end of the previous year[8]. - The company reported a total asset management of 50,000 million RMB as of April 2020, with a floating income rate of 4.30%[28]. - The company has a total asset management plan amounting to 10,000 million, with a return rate of 2.88%[27]. - The total assets increased to ¥137,776,124,248.77 from ¥101,864,124,508.48, showcasing a strong balance sheet[46]. Investment and R&D - Research and development expenses surged by 134.14% to ¥1.71 billion, indicating a significant increase in investment in innovation[17]. - The company is investing 500 million CNY in R&D for innovative technologies aimed at improving product performance and sustainability[29]. - Research and development expenses for the quarter were ¥662,492,112.55, significantly higher than ¥270,125,547.09 in the same period last year, highlighting a focus on innovation[49]. - Research and development expenses increased to ¥301 million from ¥169 million, marking an increase of about 78%[53]. Cash Flow and Liquidity - Cash flow from operating activities decreased by 19.05% to CNY 4.02 billion year-to-date[8]. - The company has maintained a liquidity ratio of 0.00%, reflecting a conservative approach to asset management[30]. - The net cash flow from operating activities for the period was CNY 5,425,544,276.79, an increase of 45.5% compared to CNY 3,730,234,740.75 in the previous period[68]. - The ending balance of cash and cash equivalents was CNY 5,996,864,167.30, compared to CNY 5,058,473,792.77 in the previous period, reflecting an increase of 18.5%[70]. Shareholder Information - The total number of shareholders at the end of the reporting period was 232,455[12]. - The top ten shareholders held a combined 55.85% of the company's shares, with the largest shareholder owning 17.50%[12]. - The company's equity attributable to shareholders rose to CNY 46.31 billion, up 19.0% from CNY 38.86 billion at the end of 2019[43]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in sales in that region by the end of 2021[29]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance operational efficiency and reduce costs by 8%[29]. - The company is actively exploring new product development and market expansion opportunities[32]. - The company is focusing on low-risk high liquidity financial assets, including government bonds and central bank bills[27].