振芯科技(300101) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders surged by 5,929.62% to CNY 39,327,546.37 for the reporting period[10] - Operating revenue rose by 35.71% to CNY 151,990,471.03 compared to the same period last year[10] - Basic earnings per share increased by 5,775.00% to CNY 0.0705[10] - The company reported a net profit excluding non-recurring gains and losses of CNY 30,280,980.28, up 501.29% year-on-year[10] - The company reported a significant increase in prepayments to CNY 37,309,306.95 from CNY 13,533,874.05, a rise of 174.5%[61] - The total profit for the quarter was CNY 56,998,955.55, compared to CNY 4,337,649.39 in the previous year, indicating a growth of about 1211%[84] - The company's net profit for Q3 2020 reached CNY 50,508,603.39, a significant increase from CNY 3,988,094.80 in the same period last year, representing a growth of approximately 1165%[84] Assets and Liabilities - Total assets increased by 8.93% to CNY 1,795,301,510.77 compared to the end of the previous year[10] - The company's total liabilities increased, with accounts payable rising to ¥189,820,159.32, a 39.74% increase from the previous year[36] - The company's total liabilities rose to approximately CNY 635.82 million, compared to CNY 541.63 million at the end of 2019, marking an increase of about 17.4%[58] - Total liabilities amounted to CNY 355,664,969.27, with current liabilities at CNY 263,159,133.60 and non-current liabilities at CNY 92,505,835.67[115] - The total amount of other payables is CNY 36,559,459.58, which includes various operational liabilities[115] Shareholder Information - The total number of shareholders at the end of the reporting period was 66,677[13] - Major shareholder Chengdu Guoteng Electronics Group Co., Ltd. holds 29.76% of the shares[13] - The company has not conducted any repurchase agreements among the top 10 common stock shareholders during the reporting period[18] - The company plans to unlock 30% of restricted stocks after 12 months, another 30% after 24 months, and 40% after 36 months, according to the stock option and restricted stock incentive plan[22] - A total of 1,005,000 shares of restricted stock will be repurchased and canceled as approved by the board and shareholders[26] Cash Flow - Net cash flow from operating activities improved by 124.83% to CNY 18,037,365.09[10] - The company's cash flow from operating activities saw a 68.74% increase, reaching ¥46,068,323.01, due to additional government funding[41] - The cash inflow from operating activities was CNY 376,895,698.46, an increase of 36.6% compared to CNY 275,817,902.78 in the previous period[95] - The total cash outflow from operating activities was CNY 457,116,547.81, an increase of 14.8% compared to CNY 398,233,462.12 in the previous period[95] Inventory and Receivables - Inventory increased to ¥471,199,888.40, reflecting a 59.18% rise due to higher costs in products and projects[36] - The company reported a significant increase in accounts receivable, reaching ¥74,898,830.60, a 57.30% increase compared to the previous year[36] - Inventory increased significantly to CNY 222,340,080.25, up from CNY 132,180,041.82, representing a growth of 68.2%[61] Research and Development - Research and development expenses rose to ¥49,903,339.02, marking a 33.13% increase year-on-year[38] - Research and development expenses for the quarter were CNY 6,696,104.13, a decrease from CNY 9,297,633.18 in the same period last year[75] - Research and development expenses increased to CNY 17,429,390.77 from CNY 16,640,453.69, marking a rise of about 4.75% year-over-year[91] Government Subsidies - The company received government subsidies amounting to CNY 21,926,558.74 during the reporting period[10] - The company achieved a 220.43% increase in other operating income, totaling ¥7,965,588.39, primarily from government subsidies[40] Other Financial Metrics - The weighted average return on equity rose by 4.09%, an increase of 4.02 percentage points[10] - The company reported a significant reduction in credit impairment losses, which improved to CNY -2,134,134.96 from CNY -10,580,952.19, a decrease of approximately 79.8%[84] - The company confirmed other income of approximately CNY 39.78 million from a national major special project contract valued at CNY 95.15 million[44]