DHHI(002204)2020-10-28 16:00Financial Performance - Operating revenue for the reporting period was ¥2,054,135,744.62, representing a year-on-year increase of 24.30%[8] - Net profit attributable to shareholders was ¥24,706,336.29, up 44.09% from the same period last year[8] - Basic earnings per share increased by 43.82% to ¥0.0128[8] - The company reported a 138.03% increase in total profit to ¥75,860,727.66, primarily from revenue growth and government policy benefits during the pandemic[22] - Net profit rose by 82.71% to ¥36,489,936.65, attributed to increased revenue and collection of payments from international arbitration cases[22] - The company reported a net profit of CNY 1.98 billion, down from CNY 1.99 billion, reflecting a marginal decrease of approximately 0.1%[73] - Net profit for the period was ¥26,195,730.93, compared to ¥15,214,439.36 in the same period last year, representing a growth of 72.5%[86] - The net profit for the current period was ¥455,002,404.96, a turnaround from a net loss of ¥9,761,721.45 in the same period last year[107] Assets and Liabilities - Total assets at the end of the reporting period reached ¥17,569,745,689.90, an increase of 4.73% compared to the previous year-end[8] - Current assets totaled CNY 14.08 billion, up from CNY 13.23 billion, indicating a year-over-year increase of about 6.4%[67] - Total liabilities reached CNY 10.98 billion, up from CNY 10.17 billion, which is an increase of about 8.0%[70] - The company's equity attributable to shareholders decreased slightly to CNY 6.65 billion from CNY 6.66 billion, a decline of about 0.4%[73] - Total cash inflow from operating activities was ¥5,334,668,436.96, compared to ¥5,012,797,356.61 in the previous year, indicating a growth of 6.4%[114] - The company’s total assets included 3,626,780,242.20 CNY in inventory, reflecting stable inventory management[127] - The company reported a total liability of ¥10,169,455,099.05, with non-current liabilities at ¥415,293,082.34[134] Cash Flow - The net cash flow from operating activities decreased by 72.40% to ¥119,297,016.20[8] - The company’s cash and cash equivalents decreased by 9,627,033.70 CNY during the period, contrasting with an increase of 215,509,712.95 CNY in the previous period[120] - The company’s cash flow from investment activities showed a net outflow of ¥7,897,255.24, mainly due to capital contributions to newly established joint ventures and equipment purchases[26] - The ending balance of cash and cash equivalents was 1,182,792,907.09 CNY, compared to 831,759,764.41 CNY at the end of the previous period[120] Research and Development - Research and development expenses increased by 308.26% to ¥182,077,717.34 as the company intensified investment to enhance product quality and diversity[20] - Research and development expenses for the quarter were ¥44,048,196.03, compared to ¥38,269,304.39 in the previous year, an increase of 15.5%[83] - Research and development expenses increased to ¥106,120,854.80, up from ¥31,618,088.02, reflecting a growth of 235.5%[107] Shareholder Information - The top shareholder, Dalian Heavy Industry Group Co., Ltd., holds 55.71% of the shares[12] - The total number of ordinary shareholders at the end of the reporting period was 67,557[12] - The company did not engage in any repurchase transactions during the reporting period[15] Government Support - The company received government subsidies amounting to ¥44,836,662.51 during the reporting period[11] Related Party Transactions - The company has been involved in various related party transactions and agreements, including those with Dalian Equipment Financing Leasing Co. and Harbin Electric Technology Group[41] - The company approved an increase in daily related transactions with Huari Wind Power Technology (Jiangsu) to a maximum of RMB 70 million, including purchases up to RMB 60 million and sales up to RMB 10 million[34] Legal and Compliance - The company is actively pursuing its legal rights during the restructuring process to maximize recovery outcomes[38] - The company announced a debt restructuring plan for its wholly-owned subsidiary DFA, involving the abandonment of a AUD 5 million debt claim and participation in asset distribution based on remaining claims[38] - The company will continue to fulfill its information disclosure obligations based on the progress of the arbitration matters[38] Investment Performance - The company reported a net loss of 1,357,839.32 CNY from its securities investments during the reporting period, with an initial investment cost of 7,890,147.40 CNY and a year-end book value of 5,431,357.25 CNY[49] - The company achieved an investment income of ¥447,456,191.38, a substantial improvement from a loss of ¥7,787,452.34 in the previous period[107]