HZIS(600126)2020-10-23 16:00Financial Performance - Operating revenue for the first nine months rose by 16.25% to CNY 22,669,541,059.24 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 7.66% to CNY 758,004,316.86 year-on-year[5] - The company reported a basic earnings per share of CNY 0.22, down 8.33% from the previous year[5] - Total operating revenue for Q3 2020 reached ¥9.42 billion, a 34.3% increase from ¥7.02 billion in Q3 2019[22] - Net profit for Q3 2020 was ¥368.37 million, compared to ¥118.18 million in Q3 2019, representing a 211.5% increase[23] - The total profit for the first three quarters of 2020 was ¥990.60 million, down 11.8% from ¥1.12 billion in the same period of 2019[22] - The company achieved a gross profit margin of approximately 5.1% in Q3 2020, compared to 4.0% in Q3 2019[22] - The company’s total comprehensive income for Q3 2020 was CNY 43.3 million, compared to CNY 14.4 million in Q3 2019, reflecting a strong performance in overall profitability[24] Cash Flow - Net cash flow from operating activities surged by 129.06% to CNY 3,178,060,365.16 for the first nine months[5] - Cash flow from operating activities for the first nine months of 2020 was CNY 3.18 billion, compared to CNY 1.39 billion in the same period of 2019, marking a growth of 128.5%[25] - The net cash flow from operating activities for the first three quarters of 2020 was ¥57,106,276.55, an increase of 47.0% compared to ¥38,814,492.98 in the same period of 2019[29] - The ending balance of cash and cash equivalents was ¥5,687,151,575.73, up from ¥3,084,946,218.02 at the end of the previous year[29] - Cash and cash equivalents at the end of Q3 2020 totaled CNY 9.42 billion, an increase from CNY 6.95 billion at the end of Q3 2019, representing a growth of 35.5%[26] Assets and Liabilities - Total assets increased by 16.78% year-on-year to CNY 30,762,422,953.68[5] - Total current assets increased by 39.56%, reaching CNY 15,889,064,909.11 compared to CNY 11,387,090,455.22 at the end of 2019[15] - Total liabilities reached CNY 10.81 billion, up from CNY 7.17 billion, marking a growth of around 50.5%[17] - Current liabilities rose significantly to CNY 9.98 billion, compared to CNY 6.46 billion, reflecting an increase of approximately 54.1%[16] - Owner's equity increased to CNY 19.95 billion from CNY 19.18 billion, showing an increase of about 4.0%[17] Investments and Acquisitions - The company plans to invest CNY 39.79 billion in establishing a wholly-owned subsidiary for a cloud computing data center project[13] - The company is in the process of acquiring 100% equity of Zhejiang Dongling Trading Co., Ltd. and other related assets, with regulatory approval in progress[13] Inventory and Receivables - Inventory increased by 48.37% to CNY 2,791,249,318.84 compared to the previous year[10] - Accounts receivable increased due to higher operating receivables from subsidiaries, with a total of CNY 336,594,083.08 as of September 30, 2020, compared to CNY 222,388,508.17 at the end of 2019[15] - The company reported a significant increase in other receivables, which rose to CNY 99,827,382.28 from CNY 39,888,823.72 year-on-year[15] Expenses - Sales expenses rose by 49.78% year-on-year, totaling CNY 26,082,523.14 compared to CNY 17,413,624.60 in the same period last year[11] - Research and development expenses in Q3 2020 amounted to ¥212.92 million, a significant increase of 123.8% from ¥95.39 million in Q3 2019[22] - Tax expenses for Q3 2020 were ¥33.02 million, an increase of 126.5% from ¥14.61 million in Q3 2019[22] Shareholder Information - The number of shareholders at the end of the reporting period was 50,566[7] - The largest shareholder, Hangzhou Steel Group Co., Ltd., holds 45.23% of the shares[7]