SHEN YU(SZ:300563)2020-10-28 16:00Financial Performance - Operating revenue for the current period was CNY 191,050,661.71, representing a 48.63% increase year-on-year[7]. - Net profit attributable to shareholders for the current period was CNY 20,314,699.77, up 64.46% year-on-year[7]. - Basic earnings per share for the current period was CNY 0.2175, an increase of 40.87% compared to the same period last year[7]. - The total operating revenue for the third quarter of 2020 was CNY 146,488,317.15, an increase of 44.5% compared to CNY 101,397,170.20 in the same period last year[55]. - The net profit for the third quarter of 2020 reached CNY 20,315,183.83, representing a 64.4% increase from CNY 12,352,489.39 in the previous year[53]. - The total comprehensive income for the third quarter was CNY 20,315,183.83, up 64.4% from CNY 12,352,489.39 year-over-year[53]. - The operating profit for the third quarter was CNY 23,253,762.95, an increase of 58.6% compared to CNY 14,662,304.56 in the same quarter last year[52]. - The total profit for Q3 2020 was ¥58,887,833.24, up from ¥43,991,442.71 in the previous year, marking a growth of 33.7%[59]. Assets and Liabilities - Total assets increased by 56.26% to CNY 1,105,002,404.28 compared to the end of the previous year[7]. - Current assets rose to CNY 750,989,688.88, compared to CNY 403,758,522.10 at the end of 2019, marking an increase of about 86%[42]. - Total liabilities rose to CNY 208,685,625.94, up from CNY 178,804,904.36, which is an increase of about 16.7%[44]. - The company's total liabilities increased by 246.81% in notes payable due to a higher proportion of bank acceptance bills used for payments[19]. - Total liabilities amounted to CNY 178,804,904.36, with current liabilities at CNY 163,000,803.34 and non-current liabilities at CNY 15,804,101.02[73]. Cash Flow - The net cash flow from operating activities was CNY -3,801,163.16, a decrease of 28.74% compared to the previous year[7]. - The net cash flow from operating activities improved by 47.12% to ¥40,074,504.74, attributed to timely collection of customer payments[20]. - Cash flow from financing activities generated a net inflow of CNY 306,412,595.42, a substantial improvement from a net outflow of CNY 20,608,344.54 in the previous period[69]. - The company received cash inflows from operating activities totaling ¥458,540,191.47, compared to ¥386,527,607.99 in the same quarter last year, indicating a growth of 18.6%[64]. Shareholder Information - The total number of shareholders at the end of the reporting period was 11,541[11]. - The largest shareholder, Ren Fengjuan, holds 20.25% of the shares, totaling 19,154,000 shares[11]. - The company has a commitment to unlock 25% of the shares held by executives annually based on the number of shares held at the end of the previous year[14]. - The company implemented a cash dividend policy, distributing RMB 16 million in cash dividends based on a distribution of RMB 2.0 per 10 shares[35]. Investment and Development - Research and development expenses increased by 52.39% to ¥17,129,097.01 as the company intensified investment in new product development[20]. - The company completed a private placement, raising a net amount of ¥333,031,901.37 for the construction of a 5G communication cable project[24]. - The company has engaged multiple investment funds for private placements, indicating strong investor interest and confidence in future growth[15]. - The company is focused on maintaining a robust capital structure while exploring new investment opportunities to enhance shareholder value[16]. Financial Management - The company reported government subsidies amounting to CNY 1,662,033.02 recognized in the current period[8]. - The company approved the use of up to RMB 260 million of temporarily idle raised funds for cash management, investing in safe and liquid principal-protected products[28]. - The company has no violations regarding external guarantees during the reporting period[36]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[37].