SGC(603269)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 400,875,032.97, a 4.82% increase from the same period last year[6]. - Net profit attributable to shareholders decreased by 80.60% to CNY 3,585,740.60 compared to the previous year[6]. - Basic earnings per share dropped by 80.00% to CNY 0.04[6]. - Total profit decreased by 73.32% to ¥7,314,194.32, impacted by increased period expenses and reduced investment income[16]. - Net profit for Q3 2020 was CNY 4,451,328.01, a decrease of 78.26% compared to CNY 20,477,203.30 in the same period last year[17]. - Total operating revenue for Q3 2020 reached ¥170,433,423.43, a 67% increase compared to ¥102,116,607.96 in Q3 2019[33]. - The company's total profit for Q3 2020 was ¥3,445,839.42, compared to ¥1,762,718.27 in Q3 2019, indicating improved profitability[38]. Assets and Liabilities - Total assets increased by 36.55% to CNY 2,114,004,588.77 compared to the end of the previous year[6]. - The company reported a total liability of CNY 1,286,447,911.98, compared to CNY 851,361,160.31, marking an increase of around 50.9%[28]. - Current assets totaled CNY 1,633,948,116.19, up from CNY 1,206,132,883.49, indicating a growth of about 35.4% year-over-year[26]. - The total liabilities as of Q3 2020 were ¥854,138,910.76, compared to ¥694,451,226.55 in Q3 2019, showing a 23% increase[31]. - The company reported a reduction in accounts receivable by approximately $246.92 million due to the new revenue recognition standard[55]. Shareholder Information - Net assets attributable to shareholders rose by 18.42% to CNY 816,852,557.09 year-on-year[6]. - The total number of shareholders reached 7,495 by the end of the reporting period[10]. - The top shareholder, Jin Ao Da, holds 21,906,250 shares, representing 19.47% of the total shares[10]. - Shareholders' equity rose to CNY 827,556,676.79 from CNY 696,830,544.69, which is an increase of about 18.8%[28]. Cash Flow - Net cash flow from operating activities improved by 150.93% to CNY 28,723,245.95 from a negative cash flow in the same period last year[6]. - Cash flow from operating activities showed a net increase of CNY 28,723,245.95, a significant turnaround from a negative cash flow of CNY -56,395,130.79 in the previous year[17]. - The net cash flow from operating activities for Q3 2020 was ¥28,723,245.95, a significant improvement compared to a net outflow of ¥56,395,130.79 in Q3 2019[41]. - Cash inflow from financing activities for Q3 2020 was ¥408,492,157.04, significantly higher than ¥227,426,404.26 in Q3 2019[42]. Investments and Acquisitions - The company's trading financial assets increased by 57.07% to ¥10,306,806.02 compared to the beginning of the period, primarily due to investments made in Haining Hairui[15]. - Long-term borrowings increased by 353.24% to ¥18,153,941.92, mainly due to the consolidation of TCT[16]. - The company completed a rights issue, raising CNY 149,484,976.04, with a subscription price of CNY 7.55 per share, increasing total shares to 112,518,866[21]. - Investment activities resulted in a net cash outflow of CNY -89,503,342.72, primarily due to acquisitions[17]. Operational Strategies - The company plans to maintain consistent operational strategies to ensure stability and growth in the future[12]. - The company plans to continue its market expansion and product development strategies, focusing on enhancing operational efficiency[18]. - The company has committed to a unified action agreement among major shareholders to ensure effective management and decision-making[12].