久立特材(002318) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 67.05% to CNY 295,593,701.80 for the current period[9] - Operating revenue for the current period reached CNY 1,415,818,413.01, reflecting a growth of 19.80% year-on-year[9] - Basic earnings per share rose by 66.67% to CNY 0.35 for the current period[9] - The company reported a net profit of CNY 549,155,161.12 for the year-to-date, an increase of 41.57% compared to the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 35.14% to CNY 242,546,114.74[9] - The net profit for the third quarter of 2020 reached CNY 551.45 million, representing a year-on-year increase of 40.5% from CNY 392.66 million[52] - The company's total profit for the third quarter was CNY 646.69 million, compared to CNY 460.13 million in the same quarter of the previous year, marking an increase of 40.4%[52] - The company reported a significant increase in fair value gains of 249.80% to ¥15,425,173.61 from forward foreign exchange contracts[17] Cash Flow - Net cash flow from operating activities surged by 911.12% to CNY 422,208,703.33[9] - The net cash flow from operating activities was ¥756,978,090.37, up 81.3% from ¥417,025,410.60 in the same period last year[59] - The cash inflow from operating activities reached ¥4,228,464,185.97, an increase of 13.9% compared to ¥3,711,919,183.68 in the previous year[59] - The cash inflow from sales of goods and services was ¥4,065,136,307.15, up from ¥3,583,315,876.57 year-on-year[59] - The cash outflow for investing activities totaled ¥898,449,743.34, a decrease of 20% from ¥1,120,702,870.74 year-on-year[60] - The cash inflow from financing activities amounted to ¥612,821,222.25, significantly higher than ¥268,563,396.15 in the same period last year[60] Assets and Liabilities - Total assets increased by 10.90% to CNY 6,630,266,755.88 compared to the end of the previous year[9] - The total net assets attributable to shareholders increased by 8.68% to CNY 3,716,872,113.88 compared to the end of the previous year[9] - The total liabilities increased to CNY 2,770,114,301.60 from CNY 2,415,044,439.16 in the previous year[37] - Current liabilities rose to CNY 1,685,943,348.00, up from CNY 1,368,502,527.47 year-on-year[37] - The company's inventory rose by 18.48% to ¥1,348,407,022.33, indicating increased production or stockpiling[16] - The company's short-term borrowings increased by 141.91% to ¥144,230,869.51, reflecting the need for additional financing for operational activities[16] Investment and R&D - Investment income skyrocketed by 506.82% to ¥44,897,364.61, primarily from equity investments in Yongxing Materials[17] - Research and development expenses grew by 7.62% to ¥139,143,699.81, highlighting the company's commitment to innovation[17] - Research and development expenses for the third quarter amounted to CNY 53,287,377.24, an increase of 14.9% compared to CNY 46,677,878.09 in the same quarter last year[43] - Research and development expenses for the year-to-date period were CNY 125.22 million, compared to CNY 118.76 million in the previous year, reflecting an increase of 5.0%[54] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,333[12] - Owner's equity reached CNY 3,860,152,454.28, compared to CNY 3,563,467,341.83 in the same period last year[38] - Total equity amounted to CNY 3,391,073,095.45 as of Q3 2020[72] Financial Management - The company has established internal control systems for foreign exchange forward transactions to mitigate currency risk[23] - The company’s derivative investment strategy focuses on hedging to protect normal operating profits from exchange rate fluctuations[23] - The company has no violations regarding external guarantees during the reporting period[28] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[29] - The company has not applied the new revenue and leasing standards for prior comparative data[73] - The Q3 report was unaudited, reflecting preliminary financial performance[73]