JD Capital(SH:600053)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 130,181,666.01, down 42.32% year-on-year [19]. - Operating income for the reporting period was CNY 274,803,130.80, a decrease of 51.93% compared to the same period last year [19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 130,251,389.32, down 42.36% year-on-year [19]. - The weighted average return on net assets was 4.85%, a decrease of 5.54 percentage points compared to the previous year [19]. - The private equity investment management business generated revenue of CNY 259,000,000, a decrease of 49.43% year-on-year [19]. - The real estate business reported revenue of CNY 16,000,000, down 72.25% year-on-year [19]. - The company's revenue for the reporting period was 275 million RMB, a decrease of 51.93% compared to 572 million RMB in the same period last year [39]. - The net profit for the reporting period was 130 million RMB, down 42.32% from 226 million RMB year-on-year [39]. - The real estate business generated revenue of 16 million RMB, a decline of 72.25% from 59 million RMB in the previous year [39]. - The net profit from the real estate sector was -41 million RMB, compared to -26 million RMB in the same period last year, reflecting a 58.45% decrease [39]. - The private equity investment management business reported revenue of 259 million RMB, a drop of 49.43% from 513 million RMB year-on-year [39]. - The company anticipates a significant decrease in both revenue and net profit for the full year compared to the previous year due to ongoing challenges in the real estate and investment management sectors [39]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,577,759,678.35, a decrease of 8.07% compared to the end of the previous year [17]. - Total assets decreased from 3,891,693,566.03 to 3,577,759,678.35, a decline of approximately 8.06% [47]. - Non-current assets totaled 1,384,067,405.72, down from 1,403,575,754.53, representing a decrease of about 1.37% [47]. - Current liabilities decreased from 864,579,375.14 to 728,352,710.95, a reduction of approximately 15.76% [49]. - Total liabilities decreased from 1,210,445,773.88 to 781,316,474.57, a decline of about 35.39% [49]. - Shareholders' equity increased from 2,681,247,792.15 to 2,796,443,203.78, an increase of approximately 4.30% [49]. - The company's long-term borrowings decreased by 100% to RMB 0.00, as they were reclassified to current liabilities due to maturity within one year [31]. - The company's accounts payable decreased by 56.09% to RMB 34,565,380.54, mainly due to payments made on initial accounts payable [31]. - The company's total current assets were approximately 2.19 billion RMB, down from 2.49 billion RMB at the end of 2019 [44]. - The company's total liabilities were reported at 1,210,445,773.88 RMB, with current liabilities comprising 864,579,375.14 RMB [89]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 213,584,371.24, a decline of 223.31% year-on-year [17]. - The net cash flow from operating activities decreased by 223.31% to -RMB 213,584,371.24, attributed to reduced cash inflows from private equity management and increased tax payments in the real estate sector [33]. - Cash inflow from operating activities for the first three quarters of 2020 was CNY 351,993,197.40, a decrease of 60.9% compared to CNY 899,526,087.46 in the same period of 2019 [76]. - Cash inflow from sales of goods and services in Q3 2020 was CNY 19,787,160.90, a decline of 69.1% from CNY 64,346,183.70 in Q3 2019 [81]. - Total cash outflow from operating activities in Q3 2020 was CNY 819,261,154.47, an increase of 31% compared to CNY 625,776,135.30 in Q3 2019 [81]. - Cash inflow from investment activities totaled CNY 171,314,846.71, down 46.5% from CNY 321,405,550.79 in the previous year [79]. - The company reported a net cash flow from financing activities of -CNY 112,696,576.24, compared to -CNY 669,714,424.44 in the same period of 2019 [79]. - Total cash and cash equivalents at the end of the period were CNY 325,722,044.38, down from CNY 549,396,101.92 at the end of the same period in 2019 [79]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,950 [26]. - The largest shareholder, Jiangxi Zhongjiang Group Co., Ltd., held 72.37% of the shares, with 313,737,309 shares pledged [26]. Expenses and Provisions - The company's financial expenses decreased by 30.34% to RMB 24,266,075.51, reflecting a reduction in borrowing scale and costs [33]. - The company’s management expenses decreased by 35.84% to RMB 155,034,707.31, attributed to lower consulting, travel, and entertainment expenses in private equity investment [33]. - The company recorded a 76.60% increase in estimated liabilities to RMB 7,063,900.00, mainly due to provisions for penalties related to a PPP project [31]. - The company has recognized a provision for liabilities amounting to 3.06 million RMB following a court ruling on a contract dispute [39]. - The company incurred a significant tax-related expense of CNY 16,344,015.46 in the first nine months of 2020, compared to CNY 8,549,930.53 in the same period of 2019 [70].