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万里扬(002434) - 2020 Q3 - 季度财报
WLYWLY(SZ:002434)2020-10-19 16:00

Financial Performance - Operating revenue for the period was ¥1,586,643,692.90, representing a year-on-year increase of 31.45%[10] - Net profit attributable to shareholders was ¥231,145,275.37, a significant increase of 98.98% year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥156,344,752.62, up 64.54% compared to the same period last year[10] - The basic earnings per share for the period was ¥0.18, reflecting a 100% increase compared to the previous year[10] - The company's revenue increased by 25.77% year-on-year, while net profit attributable to the parent company grew by 46.30%[28] - The net profit attributable to the parent company was ¥231,145,275.37, up 99.5% from ¥116,166,128.14 year-over-year[72] - The net profit for the current period was ¥232,548,329.32, a substantial increase from ¥113,175,524.96 in the same period last year[71] - Net profit for the current period was ¥506,711,261.78, representing a 48.2% increase from ¥342,186,453.38 in the previous period[82] - The company achieved an operating profit of ¥580,456,402.11, up 48.4% from ¥391,312,308.81 in the prior period[82] - The total profit for the current period was ¥266,284,945.42, compared to ¥122,847,300.85 in the previous period, reflecting strong overall performance[69] Cash Flow - Cash flow from operating activities was ¥230,663,787.65, showing a substantial increase of 339.40% year-on-year[10] - Cash inflow from operating activities totaled approximately ¥4.40 billion, up from ¥3.33 billion year-over-year, reflecting a growth of about 32%[97] - The net cash flow from operating activities was ¥596.15 million, down from ¥827.97 million in the previous period, showing a decline of approximately 28%[97] - Cash inflow from financing activities was approximately ¥1.79 billion, up from ¥861 million, representing a growth of about 108%[100] - The net cash flow from financing activities was ¥5.45 million, a recovery from a negative cash flow of ¥908.22 million in the previous period[100] - The company reported cash outflow from investing activities of approximately ¥723.47 million, compared to ¥350.16 million in the previous period, indicating increased investment activity[100] - The company reported a net cash flow from investment activities of approximately -¥710.57 million, worsening from -¥138.77 million in the previous period, highlighting challenges in investment returns[100] Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,738,653,043.69, an increase of 7.68% compared to the end of the previous year[10] - The total liabilities increased to CNY 5,155,855,448.05 from CNY 4,666,601,571.12, reflecting a growth of approximately 10.5%[56] - The company's total equity reached CNY 6,582,797,595.64, compared to CNY 6,235,125,524.96, which is an increase of about 5.6%[55] - The total assets as of September 30, 2020, amounted to CNY 9,769,305,821.90, compared to CNY 9,464,599,497.14 at the end of 2019, indicating an increase of about 3.2%[60] - The total liabilities to equity ratio as of September 30, 2020, was approximately 78.2%, compared to 74.8% at the end of 2019, indicating a slight increase in leverage[56] Research and Development - Research and development expenses rose by 39.05% year-on-year, reflecting increased investment in new technologies and product upgrades[6] - Research and development expenses increased significantly to ¥101,622,698.55, compared to ¥36,129,875.47 in the previous period, reflecting a focus on innovation[69] - Research and development expenses rose to ¥216,471,769.10, up 39.0% from ¥155,679,310.18 in the previous period[80] Inventory and Receivables - The company's inventory increased by 30.98% compared to the beginning of the period, driven by production adjustments to meet market demand[26] - The accounts receivable increased to approximately 1.83 billion yuan, compared to 1.45 billion yuan at the end of 2019[47] - The accounts receivable stood at CNY 985,200,383.66, slightly down from CNY 989,483,811.64, indicating a decrease of about 0.3%[57] - The inventory decreased significantly to CNY 166,044,107.01 from CNY 344,970,339.11, representing a decline of approximately 51.9%[57] Management and Operational Efficiency - The company's management expenses decreased by 38.58% compared to the same period last year, primarily due to improved operational efficiency and the divestment of a subsidiary[6] - Financial expenses decreased by 80.77% year-on-year, attributed to the repayment of a corporate bond and lower bank borrowing rates[6] - The financial expenses decreased to ¥15,272,738.72 from ¥18,227,473.06, indicating improved cost management[69] Market and Sales Performance - The sales volume of commercial vehicle gearboxes increased by 13.83% year-on-year, with high-end G series gearboxes seeing a remarkable growth of 98.05%[28] - The sales volume of passenger vehicle gearboxes grew by 47.40%, with CVT (continuously variable transmission) sales surging by 137.57%[28] - The company achieved sales revenue of approximately ¥3.87 billion from goods and services, compared to ¥3.01 billion in the previous period, marking an increase of about 29%[97] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[80]