Yanmade(688312)2020-10-26 16:00Financial Performance - Revenue for the year-to-date was CNY 179,812,071.72, a slight decrease of 0.72% compared to the previous year[6]. - Net profit attributable to shareholders decreased by 12.11% year-on-year, totaling CNY 53,769,518.90[6]. - Basic and diluted earnings per share both decreased by 22.81%, standing at CNY 0.44[7]. - Total operating revenue for Q3 2020 was ¥80,846,615.60, a decrease of 6.7% compared to ¥86,798,663.43 in Q3 2019[26]. - Net profit for Q3 2020 was ¥21,122,844.02, down 16.0% from ¥25,134,730.73 in Q3 2019[27]. - The company reported a total profit of ¥23,415,472.87 for Q3 2020, down from ¥28,485,532.61 in Q3 2019[27]. - Total operating revenue for Q3 2020 was ¥80,629,923.69, a decrease of 6.7% compared to ¥86,074,209.86 in Q3 2019[31]. - Net profit for Q3 2020 was ¥21,158,126.43, down 18.5% from ¥25,836,049.59 in Q3 2019[32]. Assets and Liabilities - Total assets increased by 127.22% year-on-year, reaching CNY 1,243,815,476.47[6]. - Current assets totaled CNY 1,216,457,898.35, up from CNY 529,325,481.02, indicating a growth of about 130% year-over-year[19]. - The company's financial assets increased significantly by 532.53% to ¥712,916,024.77 due to the purchase of bank wealth management products during the reporting period[12]. - Total liabilities increased significantly, with accounts payable rising by 111.76% to ¥7,617,964.35 due to increased raw material procurement[12]. - Total liabilities increased to CNY 59,107,298.67 from CNY 41,493,268.55, representing a growth of approximately 42.5%[20]. - The total liabilities as of Q3 2020 amounted to ¥55,034,380.64, compared to ¥37,702,530.12 in the previous year[24]. - The total assets and equity combined were $536,830,477.92[46]. Shareholder Information - Net assets attributable to shareholders rose by 134.19% year-on-year, amounting to CNY 1,184,872,815.10[6]. - The total number of shareholders reached 11,260 by the end of the reporting period[10]. - The largest shareholder, Liu Yan, holds 46.37% of the shares, totaling 66,528,000 shares[10]. - Shareholders' equity reached CNY 1,184,708,177.80, up from CNY 505,915,435.49, indicating a growth of around 133%[20]. Cash Flow - Operating cash flow for the year-to-date decreased by 122.40%, resulting in a net cash flow of -CNY 17,142,642.92[6]. - The net cash flow from operating activities decreased by 122.40% to -¥17,142,642.92, primarily due to increased material purchases and reduced accounts receivable recovery[13]. - The net cash flow from financing activities was ¥626,320,855.63, reflecting funds received from the initial public offering[13]. - The net cash flow from financing activities was 626,320,855.63 RMB, a substantial improvement from -11,092,413.82 RMB in the previous year, driven by increased investment and borrowing[35]. - The total cash and cash equivalents at the end of the period reached 283,987,111.71 RMB, compared to 140,207,457.58 RMB at the end of the same period last year[35]. Research and Development - R&D expenditure as a percentage of revenue increased by 2.51 percentage points to 18.25%[7]. - Research and development expenses for Q3 2020 were ¥12,947,971.00, a decrease of 9.1% compared to ¥14,242,291.88 in Q3 2019[26]. - Research and development expenses for Q3 2020 were ¥11,252,604.23, a decrease of 9.8% from ¥12,469,310.92 in Q3 2019[31]. Other Financial Metrics - The company reported a government subsidy of CNY 2,370,212.03 for the year-to-date, which is closely related to its normal business operations[8]. - Investment income rose by 133.96% to ¥3,866,501.00, attributed to higher returns from financial products during the reporting period[13]. - The company reported a 65.88% decrease in financial expenses to -¥3,400,585.24, mainly due to increased losses from currency exchange fluctuations[13]. - The company has not indicated any significant changes in net profit expectations for the upcoming reporting period[14].