SLC(SZ:002106)2020-10-27 16:00Financial Performance - Operating revenue for the period was CNY 1,854,990,918.03, representing a growth of 48.78% year-on-year[8]. - Net profit attributable to shareholders was CNY 83,747,072.46, a decrease of 37.13% compared to the same period last year[8]. - The net profit after deducting non-recurring gains and losses was CNY 67,743,985.68, down 43.07% year-on-year[8]. - Basic earnings per share were CNY 0.1187, reflecting a decline of 37.10% compared to the previous year[8]. - The weighted average return on equity was 2.06%, down 1.38% from the previous year[8]. - The total profit for the period was CNY 35,365.66 million, an increase of CNY 9,364.01 million or 36.01% year-on-year, with net profit attributable to shareholders reaching CNY 31,592.32 million, up CNY 8,742.39 million or 38.26%[19]. - The company's net profit for Q3 2020 was ¥89,341,286.17, a decrease of 42.6% from ¥155,850,539.98 in Q3 2019[63]. - The total profit for Q3 2020 was CNY 353,656,554.09, compared to CNY 260,016,426.04 in Q3 2019, indicating an increase of approximately 35.9%[73]. Assets and Liabilities - Total assets reached CNY 6,103,162,051.45, an increase of 14.59% compared to the end of the previous year[8]. - The total number of shareholders at the end of the reporting period was 67,583, with the largest shareholder holding 20.84% of the shares[11]. - Total liabilities increased to CNY 1,801,570,727.08 from CNY 1,268,891,933.83, which is an increase of approximately 42.0%[54]. - The company's equity attributable to shareholders reached CNY 4,297,994,006.68, up from CNY 4,054,289,318.58, representing an increase of about 6.0%[56]. - Total liabilities reached ¥495,761,508.78, up 152.5% from ¥196,162,276.81 at the end of 2019[61]. - Owner's equity totaled approximately CNY 3.29 billion, including CNY 705.82 million in share capital and CNY 206.44 million in undistributed profits[104]. Cash Flow - Cash and cash equivalents at the end of the reporting period increased by CNY 18,300.50 million or 9.56%, attributed to strong sales collections[21]. - Operating cash flow decreased by 278.40 million RMB, a decline of 47.39%, primarily due to increased prepayments for material procurement related to large-size touch screen products[29]. - The total cash inflow from operating activities for the first nine months of 2020 was CNY 4,427,749,266.68, an increase of 22.2% compared to CNY 3,624,213,147.16 in the same period of 2019[80]. - The net cash outflow from operating activities was CNY 309,103,610.84, down 47.4% from CNY 587,506,125.80 in the previous year[82]. - The cash inflow from sales of goods and services was CNY 4,250,325,965.77, compared to CNY 3,480,299,556.30 in the previous year, reflecting a growth of 22.1%[80]. Research and Development - The company’s R&D expenses increased by CNY 3,533.17 million or 27.68% year-on-year, reflecting higher investments in new products, technologies, and processes[25]. - Research and development expenses for Q3 2020 were ¥66,274,667.01, an increase of 39.8% from ¥47,375,354.29 in Q3 2019[63]. - Research and development expenses for Q3 2020 totaled CNY 162,990,155.09, compared to CNY 127,658,406.64 in Q3 2019, marking an increase of about 27.7%[73]. Foreign Exchange and Risks - The company faced significant foreign exchange risks due to its export trade primarily settled in USD, leading to substantial exchange losses[5]. - The company plans to closely monitor exchange rate trends and engage in foreign exchange derivative transactions to mitigate potential losses[5]. - Financial expenses surged by CNY 8,016.99 million or 136.91%, mainly due to exchange losses from the depreciation of the USD against the RMB[25]. Government Support and Subsidies - The company received government subsidies amounting to CNY 18,692,329.30 during the reporting period[10]. Future Outlook - Future outlook includes plans for market expansion and potential mergers and acquisitions to enhance growth opportunities[49].