广和通(300638) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 701,129,428.38, a 49.10% increase year-on-year[8] - Net profit attributable to shareholders surged by 115.64% to CNY 86,126,062.18 for the quarter[8] - Basic earnings per share rose by 94.97% to CNY 0.3605[8] - The company's operating revenue for the first nine months of 2020 reached CNY 1,967,553,483.37, representing a 48.01% increase compared to CNY 1,329,302,277.63 in the same period of 2019[24] - The net profit for the first nine months of 2020 increased to CNY 469,414,195.64, a growth of 56.81% from CNY 299,346,871.12 in the previous year[23] - Total operating revenue for Q3 2020 reached ¥701,129,428.38, compared to ¥470,250,570.40 in the same period last year, representing a year-over-year increase of approximately 49.0%[45] - Net profit for Q3 2020 was ¥86,126,062.18, compared to ¥39,938,831.89 in Q3 2019, reflecting an increase of approximately 115.0%[49] - The company's total operating revenue for the current period reached CNY 774,166,423.94, a significant increase of 62% compared to CNY 478,580,594.90 in the previous period[52] - The net profit for the current period was CNY 80,481,371.27, representing a 133% increase from CNY 34,578,010.27 in the same period last year[54] Assets and Liabilities - Total assets increased by 32.81% to CNY 2,728,103,519.14 compared to the end of the previous year[8] - Cash and cash equivalents rose by 45.49% to CNY 946,128,638.16 as of September 30, 2020, compared to CNY 650,313,532.95 at the end of 2019[21] - The company's inventory increased by 164.44% to CNY 469,460,342.31, driven by a rise in sales volume[21] - The total liabilities increased significantly, with short-term borrowings rising by 167.45% to CNY 244,719,252.17[21] - The total assets of the company as of Q3 2020 amounted to ¥2,696,191,513.16, an increase from ¥2,055,877,668.82 in the previous year, marking a growth of about 31.1%[43] - Total liabilities increased to ¥1,239,231,801.51 from ¥815,780,547.72, representing a rise of approximately 51.8%[43] - The total current liabilities reached ¥1,237,003,940.26, compared to ¥813,294,688.42 in the previous year, indicating a growth of approximately 52.0%[43] Cash Flow - The net cash flow from operating activities increased significantly by 946.82% to CNY 122,814,991.05[8] - Cash inflow from operating activities was CNY 2,071,211,863.97, significantly higher than CNY 1,393,646,978.52 in the same period last year[68] - The net cash flow from operating activities was CNY 202,147,274.67, a decrease from CNY 231,744,523.31 in the previous period[70] - The total cash inflow from investment activities was CNY 296,977,459.24, while cash outflow was CNY 374,815,067.14, resulting in a net cash flow of -CNY 77,837,607.90[70] - Cash inflow from financing activities amounted to CNY 289,383,616.21, with cash outflow of CNY 120,234,800.21, leading to a net cash flow of CNY 169,148,816.00[72] Research and Development - Research and development expenses for the first nine months of 2020 amounted to CNY 209,762,099.47, up 46.05% from CNY 143,625,818.77 in the same period of 2019[24] - Research and development expenses for the period were ¥77,993,457.81, compared to ¥55,310,805.19 in the previous year, showing an increase of approximately 40.9%[47] - Research and development expenses for the current period were CNY 30,226,752.97, slightly up from CNY 29,584,215.49, indicating continued investment in innovation[52] - Research and development expenses for the period were CNY 81,563,515.03, compared to CNY 68,776,154.41 in the previous year, indicating an increase of 18.5%[63] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,213[11] - The largest shareholder, Zhang Tianyu, holds 44.35% of the shares, amounting to 107,135,000 shares[11] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 7,407,733.77 during the reporting period[10] - Non-recurring gains and losses totaled CNY 16,120,466.87 after tax adjustments[10] Strategic Initiatives - The company plans to continue expanding its market presence in the Internet of Things sector, which has shown strong growth potential[24] - The company is actively pursuing the acquisition of Sierra Wireless' vehicle-mounted business assets as part of its future strategic development[30] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[54] Employee Compensation - The company reported a substantial increase in employee compensation liabilities, which rose to CNY 94,757,995.97 from CNY 64,296,376.42, indicating a growth of approximately 47.5%[37] - The cash paid to employees and for employee benefits was CNY 90,139,845.41, up from CNY 58,577,336.26 in the previous period[75]