SERES(SH:601127)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 9.23 billion, down 20.16% year-on-year[6]. - Net profit attributable to shareholders of the listed company was -CNY 725.46 million, compared to -CNY 421.46 million in the same period last year[6]. - The traditional automotive business segment reported a net profit of -CNY 188 million, a decrease of CNY 269 million compared to the previous year[7]. - The smart electric vehicle segment's net profit was -CNY 538 million, remaining relatively stable compared to -CNY 503 million in the same period last year[7]. - The company reported a total comprehensive loss of ¥123,136,043.31 in Q3 2020, compared to a gain of ¥60,492,046.95 in Q3 2019[38]. - The company’s net profit attributable to shareholders was a loss of ¥295,959,883.51 in Q3 2020, compared to a loss of ¥140,736,307.18 in Q3 2019[38]. - Net profit for Q3 2020 was -¥52,825,305.05, compared to -¥76,136,199.90 in Q3 2019, showing an improvement of 30.5%[44]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 25.67 billion, a decrease of 14.26% compared to the end of the previous year[5]. - Total liabilities decreased by 41.82% in accounts payable to RMB 3,490,284,368.32 from RMB 5,998,963,771.77 year-on-year[14]. - Total current assets decreased from ¥13,769,251,742.71 to ¥9,543,116,638.65, a decline of approximately 30.4%[22]. - Total non-current assets slightly decreased from ¥16,165,851,394.00 to ¥16,123,353,499.14, a decrease of about 0.26%[23]. - Total liabilities decreased from ¥22,081,473,031.11 to ¥18,995,245,516.82, a reduction of approximately 13.4%[25]. - Total assets decreased from ¥29,935,103,136.71 to ¥25,666,470,137.79, a decline of about 14.2%[26]. - Total liabilities reached ¥7,608,971,315.83 in Q3 2020, up from ¥6,134,982,381.52 in Q3 2019, representing a growth of 24.1%[32]. Cash Flow - Cash flow from operating activities increased by 198.88% to CNY 463.49 million compared to the same period last year[5]. - The net cash flow from operating activities for Q3 2020 was ¥463,489,513.76, a significant increase from ¥155,074,300.45 in Q3 2019, representing a year-over-year growth of approximately 199.5%[47]. - The company reported a total cash outflow from operating activities of ¥13,125,767,999.66, slightly lower than ¥13,285,234,500.25 in Q3 2019, indicating improved cash management[47]. - Total cash inflow from investment activities was ¥567,969,305.55, compared to ¥37,261,214.75 in the same period last year, indicating a substantial increase[48]. - The total cash and cash equivalents at the end of Q3 2020 stood at ¥1,120,955,016.79, down from ¥2,752,530,632.65 at the end of Q3 2019, showing a decline of approximately 59.3%[48]. Shareholder Information - The total number of shareholders at the end of the reporting period was 28,761, with Chongqing Xiaokang Holding Co., Ltd. holding 35.98% of the shares[9]. - Total equity attributable to shareholders increased from ¥5,542,957,391.20 to ¥6,031,715,599.50, an increase of about 8.8%[25]. - The company’s total capital reserve increased by 45.14% to RMB 3,071,631,367.04 from RMB 2,116,380,470.63 year-on-year[14]. Expenses - Financial expenses increased by 30.64% to RMB 222,745,192.21 from RMB 170,499,790.17 year-on-year[17]. - Research and development expenses for Q3 2020 were ¥147,899,802.80, an increase of 6.3% from ¥139,030,376.33 in Q3 2019[34]. - The company paid ¥976,287,288.47 in employee compensation, a decrease from ¥1,216,408,009.15 in the same quarter last year, suggesting cost control measures[47].