SHGBIT(603918)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 38,153,679.63, an increase of 27.99% year-on-year[18]. - Operating revenue for the period was CNY 528,670,046.47, down 1.68% from the same period last year[18]. - The net profit after deducting non-recurring gains and losses was CNY 24,558,184.68, a decrease of 5.10% compared to the previous year[18]. - The company reported a net profit guidance indicating potential losses or significant changes compared to the previous year[51]. - Net profit for Q3 2020 was ¥28,028,838.26, compared to ¥11,405,646.45 in Q3 2019, indicating a significant increase of 145.5%[70]. - Total comprehensive income for Q3 2020 was approximately ¥27.83 million, compared to ¥11.55 million in Q3 2019, an increase of 141.5%[76]. - The total comprehensive income for the first three quarters of 2020 was CNY 30,229,022.10, compared to CNY 20,944,112.61 in the same period of 2019, reflecting an increase of approximately 44.00%[81]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,247,287,095.75, a decrease of 5.68% compared to the end of the previous year[18]. - The company has a total asset value of ¥1,247,287,095.75 as of September 30, 2020, down from ¥1,322,431,918.07 at the end of 2019, indicating a decrease of about 5.7%[59]. - Total liabilities decreased to ¥578,345,208.96 from ¥682,660,619.57, a reduction of about 15%[59]. - The total liabilities decreased to ¥490,111,904.18 from ¥654,822,318.89, representing a reduction of 25.1%[66]. - The company’s contract liabilities at the end of the reporting period amounted to 181,541,139.25 yuan, with the previous year showing zero due to the implementation of revised accounting standards[39]. - The company reported a contract liability of 153.91 million, indicating a significant change in prepayments[102]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,266[24]. - The largest shareholder, Jin Guopei, held 29.36% of the shares, with 43,160,000 shares pledged[24]. - The company’s equity attributable to shareholders was $639.77 million, reflecting a solid capital structure[96]. - Shareholders' equity increased to ¥669,306,022.07 from ¥631,343,007.88, marking a growth of 6.0%[66]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -44,004,990.40, an improvement from CNY -177,969,755.06 in the previous year[18]. - Cash inflow from investment activities was CNY 120,929,315.07 in the first three quarters of 2020, significantly higher than CNY 1,350,000.00 in the same period of 2019[84]. - Cash flow from financing activities resulted in a net outflow of -CNY 83,220,006.30 in the first three quarters of 2020, contrasting with a net inflow of CNY 9,755,014.00 in the same period of 2019[84]. - The cash and cash equivalents at the end of the period were CNY 232,546,285.36, down from CNY 285,403,492.76 at the beginning of the period[84]. - The total cash and cash equivalents at the end of the period amounted to $191.92 million, down from $224.68 million at the beginning of the period[90]. Investment and Expenditures - The company reported a 300.56% increase in development expenditures, totaling 14,873,987.73 yuan, due to an increase in R&D projects entering the development phase[34]. - The company’s investment income for the first nine months of 2020 was 19,848,440.10 yuan, a significant increase compared to a loss of 2,331,950.73 yuan in the same period of 2019[41]. - The company reported investment income of ¥21,702,151.56 in Q3 2020, compared to a loss of ¥762,997.10 in Q3 2019[70]. - Research and development expenses for Q3 2020 were ¥8,101,498.24, down from ¥11,926,259.49 in Q3 2019, a decrease of 32.4%[67]. Operational Metrics - Total revenue for Q3 2020 reached ¥226,744,748.25, an increase of 12.4% compared to ¥201,773,269.68 in Q3 2019[67]. - Operating costs for Q3 2020 were ¥216,100,848.48, up from ¥189,518,261.50 in Q3 2019, reflecting a 14.0% increase[67]. - The total operating cost for Q3 2020 was ¥161.33 million, compared to ¥148.68 million in Q3 2019, reflecting an increase of 8.5%[76]. - The company experienced a credit impairment loss of ¥5.42 million in Q3 2020, compared to a gain of ¥2.18 million in Q3 2019, indicating a significant shift in financial performance[76].