Goaland(SZ:300499)2020-10-28 16:00Financial Performance - Operating revenue for the reporting period was ¥314,511,208.55, representing a year-on-year increase of 74.94%[10] - Net profit attributable to shareholders was ¥16,693,100.06, up 59.26% year-on-year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,840,411.12, an increase of 63.01% compared to the same period last year[10] - The company reported a net profit of CNY 378,540,440.21 for the period, compared to CNY 349,487,799.27 in the previous year, marking an increase of approximately 8.3%[42] - The total operating revenue for the third quarter was CNY 314,511,208.55, compared to CNY 179,779,570.36 in the previous period, representing an increase of approximately 75%[47] - The net profit for the period was CNY 22,473,547.92, compared to CNY 10,481,926.99 in the same period last year, reflecting a growth of approximately 114%[49] - The net profit for the third quarter of 2020 was CNY 3,175,986.23, compared to a net loss of CNY 11,381,931.64 in the previous year, indicating a significant turnaround[54] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,063,793,105.57, an increase of 7.90% compared to the end of the previous year[10] - As of September 30, 2020, total assets amounted to CNY 2,063,793,105.57, an increase from CNY 1,912,721,072.46 at the end of 2019[42] - Total liabilities rose to CNY 1,192,476,268.72 from CNY 1,087,274,654.08, indicating an increase of about 9.6%[41] - The total assets increased to CNY 1,413,174,377.43 from CNY 1,281,425,633.10, marking a growth of about 10.3%[45] - Total liabilities rose to CNY 717,525,614.66 from CNY 603,187,307.68, which is an increase of approximately 19%[45] - The company's equity attributable to shareholders increased to CNY 780,573,170.65 from CNY 747,651,248.84, a growth of approximately 4.4%[42] Cash Flow - The net cash flow from operating activities was -¥44,606,345.05, a decrease of 2.46% year-on-year[10] - The cash flow from operating activities increased by 32.45% to ¥9,930,290.57, mainly due to the recovery of bid deposits[23] - The net cash flow from investment activities decreased by 174.21% to -84,134,687.40 CNY, primarily due to increased investment activities related to the acquisition of Dongguan Silicon Xiang and payments for the acquisition[24] - The net cash flow from financing activities increased by 55.02% to 151,534,185.88 CNY, mainly due to increased bank financing[24] - The cash flow from operating activities showed a net outflow of CNY 154,288,944.86, worsening from a net outflow of CNY 138,356,843.03 in the previous year[65] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,435[14] - The largest shareholder, Li Qi, holds 16.93% of the shares, with 41,615,666 shares pledged[14] Government Support and Subsidies - The company received government subsidies amounting to ¥8,971,911.67 during the reporting period[11] Research and Development - Research and development expenses for the quarter were CNY 12,206,342.94, slightly up from CNY 11,958,321.62, indicating a focus on innovation[48] - Research and development expenses for the third quarter of 2020 amounted to CNY 38,303,192.45, compared to CNY 32,250,977.71 in the previous year, showing an increase of approximately 18.8%[55] Acquisitions and Investments - Operating revenue for the first nine months of 2020 reached ¥819,565,109.59, a 43.59% increase compared to ¥570,769,430.74 in the same period of 2019, driven by the acquisition of Dongguan Silicon Xiang and increased revenue from direct current cooling products[23] - Long-term borrowings increased significantly by 16,530.61% to ¥99,783,680.00, primarily due to acquisition financing[22] - The company is in the process of issuing convertible bonds, with the application approved by the Shenzhen Stock Exchange on September 17, 2020[29] - A new wholly-owned subsidiary, Rudong Gaolan Energy Saving Technology Co., Ltd., was established in Jiangsu Nantong with a registered capital of 1 million CNY[30] Financial Management - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[35] - There were no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[33] - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[78] - The report indicates a significant amount of other payables at CNY 270,440,604.39, which may require further analysis for liquidity management[77]