JLU COMMUNICATION(300597)2020-10-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 115,633,183.54, representing a year-on-year increase of 42.55%[11] - Net profit attributable to shareholders was CNY 4,490,020.66, down 28.78% compared to the same period last year[11] - Basic earnings per share decreased by 33.33% to CNY 0.02[11] - The total operating revenue for Q3 2020 was ¥115,633,183.54, an increase of 42.5% compared to ¥81,117,114.14 in the same period last year[41] - The net profit for Q3 2020 was ¥4,358,518.46, a decrease of 30.8% from ¥6,304,828.81 in Q3 2019[43] - Operating profit for the current period was ¥20,457,000.51, a decrease of 13.66% from ¥23,735,822.92 in the previous period[51] - Net profit for the current period was ¥15,756,259.51, down 15.56% from ¥18,696,788.19 in the prior period[52] - Comprehensive income for the current period was ¥15,970,755.36, compared to ¥18,696,788.19 in the previous period[53] Cash Flow - The net cash flow from operating activities was CNY 3,303,851.83, a significant increase of 615.54% compared to the previous year[11] - Operating cash inflow for the current period was CNY 319,218,349.26, an increase from CNY 302,322,215.91 in the previous period[58] - Net cash outflow from operating activities was CNY -32,321,863.94, compared to CNY -23,020,687.66 in the previous period[59] - Cash flow from investment activities resulted in a net outflow of CNY -40,192,951.58, worsening from CNY -6,050,349.20 in the previous period[60] - Cash paid for purchasing goods and services was CNY 237,453,004.78, up from CNY 206,821,903.90 in the previous period[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,060,221,244.61, a decrease of 2.96% compared to the previous year[11] - Current liabilities decreased from CNY 289,048,333.96 as of December 31, 2019, to CNY 246,047,711.44 as of September 30, 2020, reflecting a reduction of approximately 14.88%[35] - The company's cash and cash equivalents decreased from CNY 197,831,096.41 to CNY 121,282,254.65, a decline of about 38.67%[38] - The company's total liabilities remained unchanged at CNY 246,047,711.44 as of September 30, 2020[35] - The company's total equity increased from CNY 803,505,805.13 to CNY 814,173,533.17, an increase of about 1.83%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,231[15] - The largest shareholder, Jilin Jida Holdings Co., Ltd., held 20.00% of the shares, totaling 48,000,000 shares[15] Changes in Assets - Accounts receivable decreased by 42.69% to ¥2,811,515.37 from ¥4,905,843.50 due to the maturity of receivables[21] - Other receivables increased by 76.77% to ¥18,429,070.85 from ¥10,425,509.76 primarily due to an increase in employee travel loans[21] - Other current assets surged by 523.10% to ¥34,398,989.05 from ¥5,520,636.91 mainly due to the purchase of bank wealth management products[21] - The company's inventory increased from CNY 201,033,896.76 to CNY 230,488,131.27, an increase of approximately 14.63%[38] Tax and Expenses - Tax and additional charges decreased by 32.71% to ¥2,040,308.18 from ¥3,032,125.29, primarily due to a reduction in value-added tax[21] - The tax expense for Q3 2020 was ¥2,278,354.93, compared to ¥1,908,832.42 in Q3 2019, reflecting an increase in tax obligations[43] - Research and development expenses for Q3 2020 were ¥3,022,914.35, slightly down from ¥3,631,309.07 in Q3 2019[41] Other Financial Information - The company reported a net profit from non-recurring items of CNY 109,948.71 for the year-to-date[12] - The company reported a credit impairment loss of ¥2,350,957.53 in Q3 2020, indicating potential challenges in receivables[43] - The company has not disclosed any performance forecasts for the year 2020[25] - The company completed the registration of changes in its business scope and updated its articles of association as of August 6, 2020[23] - The company adjusted contract liabilities by CNY 34,563,741.62 due to changes in prepayments[68]