宝胜股份(600973) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥207,657,268.29, representing a growth of 25.70% year-over-year[19]. - Operating revenue for the first nine months was ¥24,969,663,861.40, reflecting a 4.30% increase from the same period last year[17]. - Basic earnings per share rose to ¥0.151, an increase of 11.85% compared to the previous year[19]. - The total comprehensive income for the period was CNY 4,072,158,160.11, compared to CNY 3,429,266,333.35, indicating an increase of around 18.7%[46]. - Net profit for Q3 2020 was ¥87,340,398.47, an increase of 24.8% from ¥70,004,672.72 in Q3 2019[49]. - The company’s total profit for Q3 2020 was ¥110,883,797.96, up from ¥84,980,881.70 in Q3 2019, an increase of 30.5%[49]. - The company reported a basic earnings per share of ¥0.058 for Q3 2020, compared to ¥0.05 in Q3 2019, reflecting a 16% increase[51]. - The total comprehensive income for Q3 2020 was ¥75,728,468.67, down from ¥106,393,808.90 in Q3 2019, a decrease of 29%[51]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥20,648,539,411.20, an increase of 21.61% compared to the previous year[17]. - The total assets increased to ¥20,648,539,411.20 from ¥16,979,848,771.81, reflecting overall growth[36]. - Total liabilities increased to CNY 15,143,270,708.96 from CNY 12,083,105,877.81, representing a growth of approximately 25.5% year-over-year[39]. - Current assets rose to CNY 11,159,428,658.14, up from CNY 8,360,950,366.37, marking an increase of about 33.5%[41]. - Long-term borrowings increased significantly to CNY 1,533,860,661.41 from CNY 633,162,951.41, reflecting a growth of approximately 142.5%[39]. - The total equity attributable to shareholders reached CNY 4,524,201,231.97, compared to CNY 3,818,583,791.30, indicating an increase of around 18.5%[39]. - The company’s total liabilities included short-term borrowings of ¥8.51 billion and accounts payable of ¥751.84 million[70]. - Non-current liabilities totaled ¥1,424,279,660.19, including long-term borrowings of ¥633,162,951.41 and long-term payables of ¥744,000,000.00[73]. Cash Flow - The net cash flow from operating activities for the first nine months was -¥762,612,289.01, compared to -¥82,639,301.29 in the previous year[17]. - Cash flow from operating activities showed a net outflow of ¥762,612,289.01, compared to a smaller outflow of ¥82,639,301.29 in the previous quarter, indicating increased cash usage[61]. - Cash inflow from operating activities totaled ¥8.06 billion, slightly down from ¥8.37 billion in the previous year[63]. - Cash outflow for investing activities was ¥323.78 million, compared to ¥247.69 million in the previous year, leading to a net cash outflow of ¥319.92 million[65]. - Cash inflow from financing activities amounted to ¥6.17 billion, up from ¥3.96 billion year-over-year[65]. Shareholder Information - The total number of shareholders at the end of the reporting period was 23,339[22]. - The largest shareholder, Baosheng Group Co., Ltd., holds 31.90% of the shares[22]. Government Support - The company received government subsidies amounting to ¥37,986,333.55 during the reporting period[19]. - Other income surged by 136.69% to ¥37,986,333.55, mainly due to an increase in government subsidies related to daily operations[28]. Inventory and Receivables - Accounts receivable rose by 142.52% to ¥2,506,851,094.38, primarily due to an increase in notes received from accounts receivable[25]. - Inventory increased by 44.16% to ¥2,360,853,668.48, attributed to an increase in stock levels[28]. - Prepayments increased by 346.26% to ¥260,667,606.17, mainly due to higher advance payments for raw material purchases[25]. Research and Development - R&D expenses for Q3 2020 were ¥135,591,076.61, up from ¥126,792,795.89 in Q3 2019, indicating a growth of 6.4%[47]. - Research and development expenses amounted to ¥123,709,332.14, slightly up from ¥122,492,756.57 in the previous quarter, indicating a focus on innovation[55]. Financial Efficiency - Interest income increased by 37.25% to ¥29,116,415.71, driven by a rise in monetary funds compared to the previous year[28]. - Financial expenses decreased to ¥75,830,763.85 from ¥94,867,964.92 in the previous quarter, suggesting improved financial efficiency[55]. - The company recorded a tax expense of ¥9,968,352.99 for the quarter, up from ¥4,455,303.60 in the previous quarter, reflecting higher profitability[55]. Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[24]. - Future outlook and guidance details are not provided in the current documents[75]. - The company did not apply new revenue and lease standards retroactively[81]. - There were no adjustments noted for the audit report[81]. - No market expansion or acquisition strategies were mentioned in the conference call[81].