宏达电子(300726) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥417,454,269.27, representing a growth of 84.76% year-on-year[9] - Net profit attributable to shareholders was ¥144,845,330.36, a significant increase of 143.04% compared to the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥134,538,283.72, up 123.18% year-on-year[9] - Basic earnings per share for the reporting period was ¥0.3620, reflecting a growth of 142.95% compared to the same period last year[9] - Operating profit for the period was ¥193,159,242.34, compared to ¥73,740,931.83 in the same period last year, reflecting a strong growth[67] - Net profit for the third quarter was ¥158,282,065.16, up from ¥63,656,383.10 year-over-year[67] - The company reported a total comprehensive income of ¥157,827,349.99, compared to ¥60,228,574.55 in the previous period, reflecting a growth of 162.61%[76] - The total comprehensive income for the current period was ¥360,332,342.33, compared to ¥248,854,622.43 in the previous period, reflecting a growth of about 45%[85] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,420,743,960.41, an increase of 22.64% compared to the end of the previous year[9] - The company's total liabilities increased significantly, with short-term borrowings reaching ¥22,000,000.00, marking a 100% increase[22] - Total liabilities rose to ¥373,008,756.84, up from ¥157,119,523.28, showing an increase in financial obligations[59] - The company's equity attributable to shareholders rose to CNY 1,967,962,638.14 from CNY 1,755,520,045.07, an increase of approximately 12.1%[52] - Total equity amounted to $1,772,164,373.56, with retained earnings of $630,694,565.95[123] Cash Flow - The net cash flow from operating activities was -¥22,572,356.55, a decline of 143.59% year-on-year[9] - Cash received from other operating activities increased by 149.32% to CNY 41,697,826.30, primarily due to increased government grants[29] - Cash paid for purchasing goods and services rose by 45.22% to CNY 272,260,378.35, mainly due to increased inventory and supplier payments[29] - Cash inflow from sales of goods and services was CNY 518,755,907.57, compared to CNY 445,081,219.19 in the previous period, indicating an increase of approximately 16.5%[101] - Cash inflow from investment activities totaled CNY 561,573,089.26, up from CNY 346,487,895.68, marking a growth of about 62.0%[101] Investments and R&D - Research and development expenses rose by 38.05% to ¥44,756,450.97 from ¥32,419,473.29, indicating increased investment in innovation[25] - Research and development expenses for the quarter were ¥18,383,243.67, up from ¥12,355,434.34, highlighting a commitment to innovation[64] - The company is investing in a 5G electronic component production base project in Zhuzhou, Hunan Province[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,953, with the top ten shareholders holding significant stakes[13] - The company reported a significant increase in cash and cash equivalents, with CNY 64,889,912.34 as of September 30, 2020, down from CNY 228,789,683.44, a decrease of about 71.6%[43] Government Subsidies and Tax - The company received government subsidies amounting to ¥33,597,862.47 during the reporting period, primarily as income from government grants[9] - The company received tax refunds of CNY 2,983,140.86, a decrease of 74.80% compared to the previous period due to reduced government subsidies[29] - The tax expenses increased by 63.01% to ¥66,626,820.07 from ¥40,873,479.35, primarily due to higher profit levels[25] Other Financial Metrics - The weighted average return on equity was 7.64%, an increase from 4.15% in the previous year[9] - The company reported a non-recurring gain of ¥31,300,476.94, primarily from government subsidies and investment income[11] - The company has reclassified prepayments into contract liabilities, resulting in a new contract liability of ¥34,219,573.97[25]