JNGX(600527)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months rose by 8.87% to CNY 889,272,224.75 compared to the same period last year[7]. - Net profit attributable to shareholders increased by 317.43% to CNY 206,718,239.90 for the first nine months[7]. - Basic earnings per share rose by 317.48% to CNY 0.1194[7]. - The net profit attributable to shareholders reached CNY 206,718,239.90, a significant increase of 317.43% compared to the previous period, primarily due to the rise in sales prices of composite short fibers[12]. - Total revenue for Q3 2020 was CNY 223,976,299.36, a decrease of 19.7% compared to CNY 279,075,946.23 in Q3 2019[23]. - Net profit for the first three quarters of 2020 reached CNY 889,272,224.75, an increase of 8.8% compared to CNY 816,828,645.25 in the same period of 2019[23]. - The total profit for Q3 2020 was CNY 45.12 million, an increase of 65.8% from CNY 27.22 million in Q3 2019[27]. - The company achieved a total profit of CNY 242.17 million for the first three quarters of 2020, compared to CNY 57.49 million in the same period of 2019[27]. Assets and Liabilities - Total assets increased by 4.18% to CNY 2,591,869,092.88 compared to the end of the previous year[7]. - The total assets as of September 30, 2020, amounted to CNY 2,591,869,092.88, an increase from CNY 2,487,932,770.89 at the end of 2019[16]. - Total liabilities increased to CNY 161,597,573.50 as of September 30, 2020, from CNY 120,107,134.82 at the end of 2019[21]. - The company's equity attributable to shareholders reached CNY 2,362,114,561.11, an increase from CNY 2,300,442,448.16 at the end of 2019[21]. - Total assets as of September 30, 2020, were CNY 2,523,712,134.61, compared to CNY 2,420,549,582.98 at the end of 2019[21]. - The total liabilities were reported at 120,511,238.50 RMB, with current liabilities at 72,088,927.23 RMB and non-current liabilities at 48,422,311.27 RMB[37]. Cash Flow - Cash flow from operating activities decreased by 87.13% to CNY 17,376,945.89 compared to the same period last year[7]. - Cash and cash equivalents at the end of the period were CNY 314,663,127.26, down 59.98% from CNY 786,275,684.23, mainly due to the purchase of structured deposits[13]. - Cash flow from operating activities for the first three quarters of 2020 was CNY 17,376,945.89, a decrease of 87.1% compared to CNY 134,997,885.46 in the same period of 2019[29]. - Cash inflow from operating activities totaled CNY 1,044,510,965.05, while cash outflow was CNY 1,027,134,019.16, resulting in a net cash flow of CNY 17,376,945.89[29]. - The company reported a significant increase in cash flow from operating activities, reflecting improved operational efficiency[23]. Investments and Expenses - Long-term equity investments decreased by 52.28% to CNY 8,862,378.86 primarily due to the recovery of investments[11]. - Investment income increased to CNY 6,782,254.86, up 206.95% from CNY 2,209,532.76, mainly due to higher interest income from structured deposits[12]. - The company reported a 38.03% increase in taxes and surcharges, totaling CNY 5,750,733.10, primarily due to increased business tax obligations[12]. - The company's financial expenses decreased by 65.04% to CNY -6,686,300.63, attributed to interest from structured deposits being included in investment income[12]. - The company recorded a credit impairment loss of CNY 89.51 million in Q3 2020, compared to a gain of CNY 76.26 million in Q3 2019[27]. Shareholder Information - The number of shareholders reached 89,355 at the end of the reporting period[8]. - The company received government subsidies totaling CNY 5,668,682.21 for the year-to-date[8]. Research and Development - Research and development expenses for Q3 2020 were CNY 14,233,437.32, up from CNY 12,269,193.84 in Q3 2019[23]. - The company's R&D expenses increased to CNY 14.23 million in Q3 2020, compared to CNY 12.27 million in Q3 2019, reflecting a growth of 15.97%[27].