SEC(603988)2020-10-26 16:00Financial Performance - Net profit attributable to shareholders surged by 219.77% to CNY 172,334,812.10 year-on-year[8] - Operating revenue rose by 63.34% to CNY 612,970,345.70 for the period from January to September[8] - Basic earnings per share reached CNY 0.73, up 217.39% from CNY 0.23 in the same period last year[8] - The diluted earnings per share also stood at CNY 0.73, consistent with the basic earnings per share[8] - The net profit for the first nine months of 2020 was CNY 172,334,812.10, representing a significant increase of 219.77% from CNY 53,893,597.22 in the previous year[13] - Total profit for the first three quarters of 2020 was ¥206,763,426.10, compared to ¥63,404,232.02 in the same period of 2019[27] - The net profit for the first three quarters of 2020 was ¥88,301,320.57, up 63.9% from ¥53,893,597.22 in the same period of 2019[32] Assets and Liabilities - Total assets increased by 25.40% to CNY 1,321,571,475.43 compared to the end of the previous year[8] - The company's total assets increased, with cash and cash equivalents decreasing by 51.25% to CNY 99,758,269.06 from CNY 204,636,498.56 at the end of 2019[12] - Current assets totaled RMB 1,155,838,525.38, up from RMB 895,422,347.23, indicating a rise of about 29.1% year-over-year[19] - Total liabilities increased to RMB 563,766,925.43 from RMB 359,061,036.13, representing a growth of approximately 57.1%[21] - Current liabilities reached RMB 529,829,135.07, up from RMB 349,885,541.63, which is an increase of about 51.4%[24] Cash Flow - Net cash flow from operating activities increased by 8.73% to CNY 36,792,301.97[8] - Cash flow from operating activities for the first nine months of 2020 was CNY 36,792,301.97, an increase of 8.73% compared to CNY 33,839,661.05 in the same period of 2019[14] - The cash flow from investment activities for the first three quarters of 2020 was ¥48,146,124.24, a recovery from a negative cash flow of ¥160,803,106.96 in the same period of 2019[34] - The net cash flow from investment activities improved significantly to ¥48,237,502.24 in 2020, compared to a negative cash flow of -¥160,803,106.96 in 2019[38] Shareholder Information - The total number of shareholders reached 18,249 by the end of the reporting period[11] - The largest shareholder, Ningbo JunTuo Enterprise Management Co., Ltd., holds 23.47% of the shares[11] Research and Development - The company reported a significant increase in research and development expenses, which rose by 73.65% to CNY 19,553,209.78 from CNY 11,259,848.82 in the previous year[13] - R&D expenses for Q3 2020 were ¥8,731,919.48, an increase of 83.5% from ¥4,741,090.11 in Q3 2019[26] Market Strategy - The company plans to continue expanding its market presence and investing in new product development, particularly in the wind power sector, which has seen increased sales[14]