JIN LEI(300443)2020-10-27 16:00Financial Performance - Operating revenue for the third quarter reached ¥445,945,094.97, reflecting a growth of 33.84% year-on-year[10] - Net profit attributable to shareholders was ¥156,915,225.96, a significant increase of 165.33% compared to the same period last year[10] - The basic earnings per share for the quarter was ¥0.66, up 164.00% year-on-year[10] - The company's operating revenue for the first nine months of 2020 reached ¥1,052,947,787.45, representing a 27.55% increase compared to ¥825,546,006.24 in 2019[26] - Total operating revenue for the period reached ¥445,945,094.97, an increase from ¥333,182,895.60 in the previous period, representing a growth of approximately 34%[62] - Net profit for the period was ¥156,915,225.96, significantly higher than ¥59,140,071.26 from the previous period, indicating an increase of approximately 165%[68] - The company's total operating revenue for the current period reached ¥1,052,947,787.45, an increase of 27.5% compared to ¥825,546,006.24 in the previous period[80] - The net profit for the current period was ¥335,993,220.10, representing a significant increase of 140.4% from ¥139,849,570.17 in the previous period[82] - The total comprehensive income for the current period was ¥157,031,239.48, compared to ¥59,132,749.06 in the previous period, showing a growth of 165.5%[79] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,486,126,046.29, representing an increase of 11.40% compared to the end of the previous year[10] - The company's current assets totaled CNY 1,385,822,988.85 as of September 30, 2020, compared to CNY 1,258,067,677.15 at the end of 2019, indicating an increase of about 10.1%[46] - The total liabilities decreased to CNY 258,743,813.79 from CNY 297,395,059.25, marking a reduction of approximately 13.0%[52] - The company's total equity reached ¥2,230,643,817.47, up from ¥1,937,957,355.78, indicating a growth of about 15.1%[62] - Total current liabilities amounted to CNY 215,245,736.77, with accounts payable at CNY 89,515,821.92 and notes payable at CNY 109,531,592.19[112] - Non-current liabilities totaled CNY 82,149,322.48, including long-term borrowings of CNY 69,160,143.62[115] Cash Flow - The net cash flow from operating activities was negative at -¥27,062,415.11, a decline of 144.42% compared to the previous year[10] - The company reported a net cash inflow from operating activities of ¥150,379,691.43, down from ¥323,296,562.05 in the previous period[96] - Cash received from operating activities was CNY 878,734,191.07, up from CNY 669,284,908.08, marking a 31.2% increase[102] - Operating cash flow for the period was CNY 146,661,406.76, a decrease of 54.7% compared to CNY 324,085,844.18 in the previous period[102] - Cash inflow from investment activities totaled CNY 271,000,000.00, compared to CNY 221,146,556.24 in the previous period, representing a 22.5% increase[102] - Cash outflow from investment activities was CNY 318,896,891.20, down from CNY 598,626,785.71, indicating a 46.7% reduction[102] Shareholder Information - The company reported a total of 34,441 common shareholders at the end of the reporting period[14] - The largest shareholder, Yi Ting Lei, holds 43.13% of the shares, totaling 102,662,336 shares[14] Government Support and Subsidies - The company received government subsidies amounting to ¥4,166,582.58 during the reporting period[12] Research and Development - Research and development expenses for the period were ¥13,403,630.41, compared to ¥10,363,254.44 in the previous period, reflecting an increase of approximately 29.6%[65] - Research and development expenses rose to ¥31,689,748.12, compared to ¥25,210,349.07 in the previous period, reflecting a growth of 25.7%[80] Taxation - The company reported a 141.35% increase in income tax expenses, amounting to ¥60,041,721.37, due to increased sales revenue and new profit growth points from the casting and forging project[26] - The company reported a tax expense of ¥60,041,721.37, up from ¥24,877,094.74 in the previous period, which is an increase of 141.5%[83] Future Plans and Strategy - The company plans to raise up to ¥500 million through a private placement of shares to invest in offshore wind power main shaft and other precision transmission shaft projects[29] - The company plans to focus on the development of 8000 MW wind power main shaft casting and forging projects over the next three years[41] - The company aims to enhance its market position through strategic investments and potential mergers and acquisitions in the renewable energy sector[41] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[82] Accounting Policies - The company adopted the new revenue recognition standards starting January 1, 2020, impacting accounting policies[125] - The third quarter report was not audited, indicating potential implications for financial reliability[125]