Envicool(SZ:002837)2022-12-04 06:52Group 1: Financial Performance - In Q3 2020, the company's revenue was approximately CNY 392 million, a year-on-year increase of 2.30%; for the first nine months, revenue was about CNY 1.063 billion, up 25.25% year-on-year [3] - The net profit attributable to shareholders in Q3 2020 was approximately CNY 46.38 million, a decrease of 2.49% year-on-year; for the first nine months, it was about CNY 122 million, an increase of 20.20% year-on-year [3] - The comprehensive gross margin for Q3 2020 was 35.24%, an increase of 1.47% year-on-year; for the first nine months, it was 34.36%, a slight decrease of 0.39% [3] Group 2: Expense Overview - Sales expenses for the first nine months were approximately CNY 111 million, a year-on-year increase of 17.42%; R&D expenses were about CNY 70.44 million, up 35.27% year-on-year; management expenses were approximately CNY 53.16 million, an increase of 5.63% year-on-year [4] - R&D investment increased significantly due to the hiring of more personnel and greater investment in new products and businesses [4] Group 3: Market and Industry Insights - The construction scale of data centers in China has rapidly increased, especially for large and super-large data centers, which are growing faster than the industry average [4] - In the telecommunications sector, the construction scale of 5G networks in China slowed down in Q3 compared to Q2 [4] - The company is focusing on new business opportunities in liquid cooling, air cooling, and healthy air environment machines, increasing investment in precision manufacturing platform construction and new business development [4] Group 4: Cash Flow and Project Management - The company faced challenges in cash flow due to the pandemic affecting project implementation and payment collection; however, Q3 operating cash flow was approximately CNY 190 million, with a cumulative cash flow of CNY 630,000 for the first nine months [4] - The company has strengthened its collection and project management efforts in Q3 to improve cash flow [4] Group 5: Investor Relations and Regulatory Compliance - The company submitted materials for a non-public issuance of A-shares to the China Securities Regulatory Commission (CSRC) in early October, which were accepted [4] - The company ensured that information disclosure was truthful, accurate, complete, timely, and fair, with no significant undisclosed information leaks [5]