Nations(300077)2020-10-21 16:00Financial Performance - Operating revenue for the current period was ¥106,339,504.88, representing a year-on-year increase of 19.32%[10] - Net profit attributable to shareholders was ¥25,935,947.42, a significant increase of 166.17% compared to the same period last year[10] - The net cash flow from operating activities was ¥49,308,615.52, showing a remarkable increase of 216.77% year-on-year[10] - Basic earnings per share improved to ¥0.05, a 171.43% increase from the previous year[10] - The weighted average return on net assets was 2.23%, an increase of 6.04% compared to the previous year[10] - The company reported a net profit of ¥55,932,527.31 from non-recurring gains and losses, after accounting for tax effects[12] - Total revenue for the third quarter was CNY 106,339,504.88, an increase from CNY 89,119,948.94 in the same period last year, representing a growth of approximately 19.8%[67] - The net profit for the period was CNY 36,063,392.70, compared to a net loss of CNY 46,917,446.80 in the previous year, showing a significant turnaround[70] - The net profit attributable to the parent company is 25,935,947.42, a significant improvement from a net loss of 39,195,901.18 in the previous period[73] - The total comprehensive income for the current period is 41,772,473.57, compared to a loss of 43,448,267.45 in the previous period[75] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,031,215,890.14, an increase of 0.87% compared to the previous year[10] - The total current assets as of September 30, 2020, amounted to 826.88 million yuan, compared to 798.52 million yuan at the end of 2019[50] - The total assets as of September 30, 2020, were 2.03 billion yuan, slightly up from 2.01 billion yuan at the end of 2019[56] - The total liabilities as of September 30, 2020, were 945.81 million yuan, compared to 926.26 million yuan at the end of 2019[56] - The company's total equity as of September 30, 2020, was 1.09 billion yuan, down from 1.09 billion yuan at the end of 2019[56] - The company reported a retained earnings deficit of CNY -1,643,571,660.13 as of January 1, 2020, unchanged from December 31, 2019[124] Cash Flow - The net cash flow from operating activities increased by RMB 27.8675 million, a growth of 1,652.70%, mainly due to reduced sales and management expenses[31] - Investment cash flow increased by RMB 209.7419 million, a growth of 76.63%, primarily due to a decrease in cash management purchases of financial products[31] - The cash inflow from operating activities for the current period is CNY 360,963,796.64, a decrease of 22.9% compared to CNY 468,131,264.43 in the previous period[101] - The cash inflow from other operating activities is CNY 83,806,530.52, an increase from CNY 74,172,374.95 in the previous period[101] - The company reported a net cash outflow of CNY 26,615,933.52, compared to a net outflow of CNY 188,096,331.28 in the previous period[107] Expenses - Operating expenses decreased by RMB 11.1066 million, a decline of 32.05%, due to cost-saving measures[30] - Management expenses decreased by RMB 24.2015 million, a decline of 36.10%, reflecting the company's efforts to reduce costs[30] - Research and development expenses were CNY 32,655,385.85, slightly up from CNY 31,370,506.32, indicating a year-over-year increase of approximately 4.1%[70] - The financial expenses for the current period were CNY 22,687,597.41, an increase from CNY 17,806,652.50, reflecting a rise of approximately 27.5%[1] - The company incurred credit impairment losses of CNY 39,689,285.44, compared to CNY 11,509,017.41 in the previous period, indicating a significant increase in credit losses[1] Shareholder Information - The total number of shareholders at the end of the reporting period was 71,009, with the top ten shareholders holding significant stakes[18] - The company has not experienced any changes in share capital due to new share issuance or other equity-related activities during the reporting period[14] - The company has not disclosed any significant changes in cumulative net profit or cash dividend policies for the reporting period[39] Legal and Compliance - The company is actively pursuing legal action to enforce performance compensation commitments, which has entered the court's enforcement procedure[38] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[40][41] Changes in Financial Reporting - The company adjusted its accounting for prepayments, recognizing CNY 7,745,879.93 as contract liabilities and CNY 1,006,964.39 as tax payable due to new revenue recognition standards[126] - The company executed a retrospective adjustment for the new revenue and leasing standards starting from 2020[136]