Der(SZ:002631)2020-10-27 16:00Financial Performance - Operating revenue for the reporting period was CNY 479,833,639.34, down 4.35% year-on-year, and year-to-date revenue was CNY 1,063,596,096.81, down 19.31% compared to the same period last year[7]. - Net profit attributable to shareholders for the reporting period was CNY 29,701,084.81, an increase of 2.57%, while year-to-date net profit decreased by 62.23% to CNY 33,980,967.80[7]. - Basic earnings per share for the reporting period remained at CNY 0.04, unchanged from the previous period, while diluted earnings per share also remained at CNY 0.04, reflecting a decrease of 61.54% year-to-date[7]. - The weighted average return on equity was 1.60%, a decrease of 3.32% compared to the same period last year[7]. - The company reported a significant increase in revenue for Q3 2020, achieving a total of 3.85 billion RMB, representing a year-over-year growth of 89.9%[28]. - The company reported a significant increase in revenue for Q3 2020, with a year-over-year growth of 70%[31]. - The company reported a revenue of 5.00 million USD for the third quarter of 2020, representing a 10% increase compared to the previous quarter[34]. - The company reported a revenue of 7.00 million yuan for the third quarter of 2020, representing a year-over-year increase of 54.1%[39]. - The company reported a total revenue of 20.06 million yuan for Q3 2020, representing a year-over-year increase of 3.70%[44]. Cash Flow and Assets - The net cash flow from operating activities for the reporting period was CNY 129,279,089.51, a significant increase of 357.23% compared to the same period last year[7]. - Cash and cash equivalents decreased by 72.10% compared to the end of the previous year, mainly due to the purchase of bank wealth management products[15]. - Cash received from tax refunds decreased by 41.13% year-on-year, mainly due to a reduction in VAT refunds[15]. - The total assets at the end of the reporting period were CNY 3,359,216,816.06, a decrease of 0.73% compared to the end of the previous year[7]. - Total current assets as of September 30, 2020, amounted to CNY 2,381,373,523.55, a slight decrease from CNY 2,398,651,139.63 as of December 31, 2019, representing a decline of approximately 0.72%[53]. - Cash and cash equivalents decreased significantly from CNY 1,308,755,197.72 to CNY 365,162,096.23, a drop of about 72.0%[53]. - The company's trading financial assets increased from CNY 282,223,068.49 to CNY 1,060,628,024.67, reflecting a growth of approximately 276.0%[53]. - The total assets as of September 30, 2020, were CNY 3,359,216,816.06, down from CNY 3,383,999,635.99, indicating a decrease of approximately 0.74%[56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,030[11]. - The largest shareholder, Del Group Co., Ltd., held 53.39% of the shares, amounting to 356,831,040 shares, with 156,978,947 shares pledged[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. Investments and Acquisitions - The company plans to establish a joint venture, Chaodai Holdings, with a registered capital of 80 million yuan, with the company contributing 64 million yuan (80%)[17]. - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market presence, with a target completion date set for mid-2021[30]. - The company is exploring potential acquisitions to strengthen its technology portfolio, with a budget of 50 million allocated for this purpose[36]. Research and Development - The company is investing heavily in R&D, allocating 30% of its budget towards developing new technologies and improving existing products[30]. - Research and development investments have increased by 20% year-over-year, aimed at enhancing product innovation[37]. - Research and development expenses for Q3 2020 were CNY 9,424,829.61, consistent with CNY 9,437,976.99 in the previous period[62]. Market Expansion and Future Outlook - The company provided a positive outlook for the upcoming quarter, projecting a revenue growth of approximately 10% based on current market trends and user engagement metrics[30]. - Market expansion plans include entering two new international markets by Q1 2021, which is anticipated to increase overall market share by 5%[29]. - The company is planning to expand its market presence in Southeast Asia, targeting a 25% market share by the end of 2021[41]. - The company provided a future outlook, projecting a revenue growth of 15% for the next quarter[35]. Financial Stability and Ratios - The debt-to-equity ratio remains stable at 0.5, reflecting a balanced approach to financing and risk management[29]. - The company aims to maintain a liquidity ratio above 1.5, ensuring sufficient cash flow to support ongoing operations and investments[30]. - The company has maintained a stable financial structure with no significant debt issues reported[44]. Operational Efficiency - The company has implemented new strategies to improve operational efficiency, which are expected to reduce costs by 5% in the next fiscal year[34]. - The company plans to implement cost-cutting measures that could save approximately 10 million annually[37].