mailyard(SH:600107)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 224,936,604.86, a decrease of 29.37% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 42,483,888.74, compared to a profit of CNY 41,395,570.11 in the same period last year[6] - The weighted average return on net assets was -7.29%, down from 7.05% in the previous year[6] - Basic earnings per share were -0.118 CNY, compared to 0.115 CNY in the same period last year[6] - The company reported a net loss of CNY 5,491,389.46 in retained earnings compared to a profit of CNY 36,992,499.28 previously, indicating a significant decline in profitability[23] - The company reported a net loss of ¥46,570,986.07 for the first three quarters of 2020, compared to a net profit of ¥41,087,846.44 in the same period of 2019[29] Cash Flow - The company reported a net cash flow from operating activities of CNY 35,490,944.45, compared to a negative cash flow of CNY -3,474,953.48 in the same period last year[6] - The net cash flow from operating activities for the first nine months of 2020 was ¥35,490,944.45, a significant improvement from a net outflow of ¥3,474,953.48 in the same period of 2019[36] - Cash inflow from operating activities for the first three quarters of 2020 was $115,062,899.91, compared to $75,935,054.37 in the same period of 2019, representing an increase of 51.8%[39] - Total cash outflow from operating activities for the first three quarters of 2020 was $167,206,830.25, down from $237,635,340.18 in the same period of 2019, a decrease of 29.6%[39] Assets and Liabilities - Total assets decreased by 5.46% to CNY 999,472,991.60 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 6.92% to CNY 561,779,264.15 compared to the end of the previous year[6] - Total liabilities increased by 79.38% to CNY 52.91 million, primarily due to the receipt of inter-company funds by subsidiaries[13] - Total equity decreased from CNY 639,150,025.19 to CNY 593,277,316.22, a decline of about 7.2%[23] - Cash and cash equivalents decreased significantly from CNY 77,186,401.88 to CNY 6,259,023.70, a drop of approximately 91.9%[24] Investment and Income - The investment income dropped by 74.91% to CNY 13.54 million from CNY 53.99 million year-on-year, largely due to gains from the transfer of subsidiary equity in the previous year[13] - Government subsidies recognized in the current period amounted to CNY 580,172.00[8] - The company’s investment income for Q3 2020 was ¥7,694,343.86, a significant increase from ¥1,696,883.99 in Q3 2019, reflecting a growth of approximately 353%[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,256[10] - The largest shareholder, Hubei Meirya Group Co., Ltd., held 20.39% of the shares[10] Operational Challenges - The company expects a significant impact on its annual net profit due to the ongoing effects of the COVID-19 pandemic on its retail and hospitality sectors[19] - The company is in the process of a major asset restructuring, with ongoing audits and evaluations related to the acquisition of assets through share issuance and cash payments[16] - The company attempted to publicly transfer 99% equity of its subsidiary, but no interested buyers were found during two rounds of bidding, leading to the termination of the transfer process[18] Quarterly Performance - Total operating revenue for Q3 2020 was ¥71,300,839.81, a decrease of 27.8% compared to ¥98,787,038.04 in Q3 2019[28] - Net profit for Q3 2020 was ¥2,488,256.35, compared to a net loss of ¥2,654,042.22 in Q3 2019[29] - Total comprehensive income for Q3 2020 was ¥3,317,023.48, compared to a loss of ¥2,468,740.57 in Q3 2019[30]