ZHENHUA(SZ:000733)2020-10-28 16:00Financial Performance - Operating revenue for the reporting period reached CNY 1,046,283,218.72, representing a 26.84% increase year-on-year [5]. - Net profit attributable to shareholders increased by 120.72% to CNY 122,978,223.47 compared to the same period last year [5]. - The net profit after deducting non-recurring gains and losses was CNY 116,924,132.48, up 142.49% year-on-year [5]. - Basic earnings per share rose by 120.37% to CNY 0.238 [5]. - The company's total revenue for the period was CNY 3,071,141,735.36, representing a year-on-year increase of 2.44% [22]. - Total operating revenue for the third quarter reached ¥1,046,283,218.72, an increase of 27% compared to ¥824,904,963.87 in the same period last year [41]. - Net profit for the third quarter was ¥120,685,773.57, representing a 114% increase from ¥56,223,979.47 in the previous year [43]. - The company reported a total comprehensive income of ¥124,259,690.49, compared to ¥55,229,594.40 in the same quarter last year, indicating a substantial increase [45]. Assets and Liabilities - Total assets increased by 4.11% to CNY 9,127,127,254.75 compared to the end of the previous year [5]. - The company's total liabilities increased by 357.29% for current non-current liabilities, reaching CNY 800,130,000.00, due to reclassification of long-term loans [21]. - Current liabilities rose to CNY 2,540,608,886.11, compared to CNY 1,980,842,978.77, indicating an increase of approximately 28.3% [36]. - The total liabilities amounted to CNY 3,414,585,101.32, slightly up from CNY 3,384,249,007.99, showing a marginal increase of around 0.9% [36]. - The company's total equity reached CNY 5,712,542,153.43, up from CNY 5,382,352,281.65, representing an increase of approximately 6.1% [37]. Cash Flow - The net cash flow from operating activities was negative at CNY -8,087,434.89, a decrease of 93.11% compared to the previous year [5]. - The net cash flow from operating activities decreased by 103.13% to -553,290,971.69 CNY compared to the previous period [24]. - The net cash flow from investing activities improved by 27.51% to -108,943,257.23 CNY, attributed to a decrease in cash payments related to investment activities [24]. - The net cash flow from financing activities increased significantly by 493.07% to 156,239,901.51 CNY, mainly due to increased borrowings from financial institutions by subsidiaries [25]. - The net cash flow from operating activities was -¥553,290,971.69, worsening from -¥272,377,226.59 in the previous period [58]. - The net cash flow from financing activities improved to ¥156,239,901.51, compared to a negative flow of -¥39,748,816.05 in the previous period [59]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,103 [9]. - The largest shareholder, China Zhihua Electronics Group Co., Ltd., holds 32.94% of the shares [9]. Research and Development - Research and development expenses rose to ¥98,169,491.89, a significant increase of 40% compared to ¥70,078,810.57 in the previous year [42]. - Research and development expenses for Q3 2020 amounted to CNY 233,782,859.20, an increase from CNY 197,000,297.80 in the same quarter last year, indicating a growth of 18.7% [51]. Other Financial Metrics - The company's financial expenses decreased by 34.43% to CNY 32,723,449.02, attributed to the exclusion of Shenzhen Communication from the consolidated financial statements [22]. - The company recorded a significant increase in credit impairment losses of 195.78%, totaling CNY -284,826,058.43, due to the bankruptcy application against Shenzhen Communication [23]. - The company’s investment income rose by 176.61% to CNY 24,740,202.92, recovering from previous losses related to Shenzhen Communication [23]. - Other income increased by 63.41% to CNY 57,072,793.32, driven by project subsidies and tax refunds [23]. - The company's net profit margin was impacted by a 46.13% increase in income tax expenses, totaling CNY 88,174,450.92, due to growth in taxable income [23].