TGC(SZ:300265)2020-10-26 16:00Financial Performance - Operating revenue for the reporting period was CNY 412,948,133.99, representing a year-on-year increase of 21.40%[7] - Net profit attributable to shareholders of the listed company was CNY 16,122,585.91, a significant increase of 153.24% compared to the same period last year[7] - Basic earnings per share rose to CNY 0.05, reflecting a 150.00% increase year-on-year[7] - Operating profit increased by 208.79% year-on-year, and net profit increased by 242.02%, mainly due to increased sales revenue and overall gross margin[19] - Net profit for Q3 2020 was ¥22,798,982.67, significantly higher than ¥6,665,940.38 in Q3 2019, indicating a growth of approximately 242%[42] - The company's operating profit for the quarter was CNY 59,363,145.37, compared to CNY 44,665,598.48, reflecting an increase of 33.0%[50] - The company reported a total comprehensive income of CNY 53,380,681.42, compared to CNY 37,944,976.88 in the previous year, an increase of 40.5%[51] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,392,231,804.92, a decrease of 5.17% compared to the end of the previous year[7] - Total liabilities decreased to CNY 1,050,385,191.27 from CNY 1,386,273,163.31, a reduction of approximately 24.19%[34] - The company reported a total asset value of 2,522,618,732.01 CNY, with total liabilities amounting to 1,386,273,163.31 CNY, indicating a healthy asset-liability ratio[67] - The company’s total liabilities included short-term borrowings of 708,492,251.82 CNY, reflecting reliance on short-term financing[66] Cash Flow - The net cash flow from operating activities was negative at CNY -17,270,651.73, a decline of 121.05% compared to the previous year[7] - The net cash flow from operating activities was -15.29 million yuan, a decrease of 115.16% compared to the same period last year, mainly due to reduced cash received from sales[21] - The total cash inflow from operating activities was ¥993,581,711.50, down 21.1% from ¥1,258,270,092.75 in the previous year[58] - The net cash flow from operating activities was -119,043,130.27 CNY, a significant decrease compared to 10,218,547.82 CNY in the previous period, indicating a decline in operational efficiency[60] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 18.80% to CNY 1,263,578,998.29[7] - The total number of ordinary shareholders at the end of the reporting period was 36,875[11] - The largest shareholder, Tongguang Group Co., Ltd., held 50.56% of the shares, totaling 182,830,000 shares[11] Research and Development - Research and development expenses rose by 32.75% year-on-year, reflecting an accelerated R&D process following the easing of the pandemic[19] - Research and development expenses rose to ¥16,958,930.42, up from ¥12,775,259.19, marking an increase of approximately 32.3%[41] - Research and development expenses rose to CNY 42,803,782.77, compared to CNY 39,066,328.78, indicating an increase of 7.0%[49] Financial Challenges - The company experienced a credit impairment loss of CNY -15,583,210.00, which was a significant factor in the financial results[50] - The company reported a significant increase in financial expenses, totaling ¥11,412,018.36, compared to ¥4,904,981.70 in the previous year, primarily due to increased interest expenses[53] Government Support - The company received government subsidies amounting to CNY 6,749,126.65, which are closely related to its business operations[8] Legal Matters - The company is involved in a significant lawsuit regarding a sales contract dispute, which is currently under review[22] Future Outlook - The company expects to continue its growth trajectory, with no specific performance forecast disclosed for the upcoming period[25]