Kanhoo(300340)2020-10-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 528,682,879.67, an increase of 15.78% year-on-year [7]. - Net profit attributable to shareholders was a loss of CNY 34,948,653.76, a decrease of 640.34% compared to the same period last year [7]. - The total profit for the first nine months of 2020 was a loss of ¥69,648,513.87, a decrease of 446.93% compared to a profit of ¥20,075,809.41 in the same period of 2019 [16]. - Net profit for the third quarter was a loss of CNY 34,820,614.92, compared to a loss of CNY 4,802,108.99 in the same period last year [36]. - Net profit for the current period is -¥69,648,513.87, compared to a net profit of ¥20,075,809.41 in the previous period, reflecting a significant decline [44]. - The company reported a total comprehensive income of -¥68,914,756.27, a stark contrast to ¥24,337,529.39 in the previous period [45]. Cash Flow - The net cash flow from operating activities was a negative CNY 7,289,253.37, a decline of 110.89% year-on-year [7]. - The net cash flow from operating activities for the first nine months of 2020 was a negative ¥69,035,482.72, a decline of 137.53% compared to ¥183,968,232.86 in the previous year [17]. - Cash inflow from operating activities totaled 1,314,835,098.56 CNY, compared to 1,146,065,403.86 CNY in the same period last year, reflecting an increase of approximately 14.7% [52]. - Cash outflow from operating activities was 1,383,870,581.28 CNY, up from 962,097,171.00 CNY, indicating a rise of about 43.6% [52]. - The net cash flow from investing activities was 112,085,967.03 CNY, a significant improvement from -19,337,401.48 CNY in the previous year [53]. - The net cash flow from financing activities was -44,549,256.55 CNY, an improvement from -230,628,891.29 CNY in the previous year [53]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,084,954,731.23, a decrease of 7.53% compared to the end of the previous year [7]. - The company's total assets as of September 30, 2020, were ¥1,793,074,703.36, down from ¥1,979,646,250.14 at the end of 2019 [26]. - Total liabilities decreased to CNY 1,716,191,367.23 from CNY 1,885,224,779.31 [28]. - The company's total liabilities decreased by 47.69% in accounts payable to ¥318,831,149.52, primarily due to a reduction in bill settlements [15]. - The total owner's equity decreased to CNY 1,368,763,364.00 from CNY 1,450,857,861.96 [29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,942 [11]. - The largest shareholder, Wang Guojiang, held 18.17% of the shares, with 31,802,260 shares pledged [11]. Investment and Expenses - Investment income increased by 563.04% to ¥10,001,573.20, mainly due to the sale of subsidiaries and equity stakes [16]. - The company's financial expenses decreased by 33.81% to ¥27,207,823.88, attributed to a significant reduction in bank acceptance discount interest and bank loan interest [16]. - The company reported a significant increase in research and development expenses, rising to CNY 30,327,716.79 from CNY 27,803,664.49 [35]. - Research and development expenses increased to ¥82,556,372.71, up 25.1% from ¥65,975,194.78 in the previous period [42]. Other Financial Metrics - Basic earnings per share were -CNY 0.1647, a decrease of 638.57% compared to the same period last year [7]. - Basic and diluted earnings per share for the current period are both -¥0.3293, compared to ¥0.0961 in the previous period [45]. - The company experienced a credit impairment loss of CNY -3,241,750.53, compared to a gain of CNY 3,866,134.64 in the previous year [35]. - Other comprehensive income after tax was CNY 3,432,135.06, down from CNY 7,366,995.84 in the previous year [36].