Forbon(300387)2020-10-16 16:00Financial Performance - Operating revenue for the current period was CNY 177,169,456.31, representing a year-on-year increase of 10.66%[7] - Net profit attributable to shareholders decreased by 12.96% to CNY 17,247,247.31 compared to the same period last year[7] - Basic earnings per share decreased by 13.56% to CNY 0.0593[7] - The weighted average return on equity decreased by 19.54% to 1.38%[7] - The total operating revenue for the third quarter was CNY 96,430,092.16, compared to CNY 105,446,376.66 in the previous period[43] - The net profit for the third quarter was CNY 2,827,214.22, a significant improvement from a net loss of CNY 852,718.66 in the previous period[44] - The total comprehensive income for the third quarter was CNY 2,827,214.22, compared to a loss of CNY 852,718.66 in the same period last year[45] - The company reported a profit before tax of CNY 2,805,516.06 for the third quarter, compared to a loss of CNY 845,218.66 in the previous period[44] - The company's net profit for Q3 2020 reached CNY 74,863,579.11, an increase of 13.7% compared to CNY 65,944,496.79 in Q3 2019[48] - The total profit for Q3 2020 was CNY 83,541,363.61, an increase from CNY 74,513,555.69 in Q3 2019, reflecting a growth of 12.9%[48] Assets and Liabilities - Total assets increased by 15.73% to CNY 1,752,899,710.42 compared to the end of the previous year[7] - Total liabilities rose to CNY 498,218,964.85, compared to CNY 324,499,646.72, indicating a significant increase of about 53.6%[31] - The company's total equity reached CNY 1,254,680,745.57, up from CNY 1,190,158,150.03, reflecting an increase of approximately 5.4%[32] - Cash and cash equivalents increased by 76.87% to CNY 415,669,759.64 from CNY 235,008,788.24 due to increased bank loans[18] - Accounts receivable rose by 27.0% to CNY 218,944,633.50 from CNY 172,073,592.77, indicating a growing customer base[29] - Other equity investments increased by 86.44% to CNY 30,443,446.37 from CNY 16,329,214.31, primarily due to investments in Saturas and LIGC[18] - Long-term borrowings reached CNY 191,000,000.00, marking a 100% increase as new long-term bank loans were secured[18] - The total non-current assets reached CNY 852,484,819.12, compared to CNY 820,609,427.06, reflecting an increase of approximately 3.9%[30] Cash Flow - Net cash flow from operating activities decreased by 31.31% to CNY 13,227,226.69[7] - The net cash flow from operating activities for Q3 2020 was ¥3,613,788.67, a decrease of 66.1% compared to ¥10,634,935.92 in Q3 2019[56] - Total cash inflow from operating activities was ¥424,743,432.90, down 16.2% from ¥506,939,425.91 in the previous year[56] - Cash outflow from operating activities totaled ¥421,129,644.23, a decrease of 15.1% from ¥496,304,489.99 in Q3 2019[56] - The net cash flow from investing activities was -¥28,380,949.75, compared to -¥115,782,809.89 in the same period last year, indicating an improvement[57] - Cash inflow from financing activities was ¥363,000,000.00, significantly higher than ¥130,100,000.00 in Q3 2019, representing an increase of 179.2%[57] - The net cash flow from financing activities was ¥203,468,223.59, compared to -¥7,603,836.84 in the previous year, showing a positive turnaround[57] - The ending balance of cash and cash equivalents was ¥415,669,759.64, up from ¥63,930,490.12 at the end of Q3 2019[57] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,473[11] - The largest shareholder, Yicheng Fubon Technology Co., Ltd., holds 32.28% of the shares[11] - No share repurchase transactions were conducted by the top 10 shareholders during the reporting period[12] Research and Development - Research and development expenses increased to CNY 5,316,642.28 from CNY 4,506,097.27 year-over-year[40] - Research and development expenses for the year-to-date period amounted to CNY 10,198,171.46, compared to CNY 9,953,800.12 in the previous year, showing an increase of 2.5%[51] Dividend Information - The company’s cash dividend policy for 2019 resulted in a total cash dividend payout of CNY 14,589,850.90, distributing CNY 0.5 per 10 shares[21] - The company did not implement any cash dividend plan for the third quarter of 2020[21]