ZJDR(SH:600113)2020-10-30 16:00Financial Performance - Operating income for the first nine months was CNY 347,349,297.19, a decrease of 3.03% year-on-year [8]. - Net profit attributable to shareholders of the listed company decreased by 12.96% to CNY 103,399,015.99 compared to the same period last year [8]. - Basic earnings per share for the reporting period were CNY 0.25, down 19.35% from CNY 0.31 in the previous year [9]. - Operating profit for the first three quarters of 2020 was ¥148,230,590.77, down from ¥158,796,556.66 in the same period of 2019, indicating a decrease of about 6.5% [30]. - Net profit for Q3 2020 was ¥2,493,261.22, down from ¥3,960,590.40 in Q3 2019, indicating a decrease of about 37.0% [36]. - The company reported a total profit of ¥3,058,581.97 for Q3 2020, down from ¥5,447,572.94 in Q3 2019, a decrease of around 43.7% [36]. - The company’s net profit guidance for the upcoming period indicates potential losses or significant changes compared to the previous year, although specific figures are not disclosed [18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,894,210,960.95, a decrease of 0.53% compared to the end of the previous year [8]. - The total assets as of September 30, 2020, amount to ¥1,894,210,960.95, a slight decrease from ¥1,904,235,878.05 at the end of 2019 [22]. - The total liabilities decreased to ¥299,636,121.00 from ¥408,425,278.87, reflecting a reduction in both current and non-current liabilities [22]. - The total liabilities amounted to ¥150,205,926.35 in Q3 2020, slightly up from ¥149,279,112.22 in Q3 2019, indicating a marginal increase of about 0.6% [27]. - Total current assets increased to ¥273,726,887.07 in Q3 2020, up from ¥234,638,677.24 in Q3 2019, representing a growth of approximately 16.5% [26]. - Total current assets amounted to CNY 330,625,831.52 as of Q3 2020, with cash and cash equivalents at CNY 206,819,784.50 [45]. - Non-current assets totaled CNY 1,573,610,046.53, including long-term equity investments of CNY 82,257,826.90 and investment properties valued at CNY 423,526,709.57 [46]. Cash Flow - The net cash flow from operating activities for the first nine months increased by 61.31% to CNY 151,920,086.25 compared to the same period last year [8]. - The net cash flow from operating activities for the first three quarters of 2020 was CNY 151,920,086.25, up from CNY 94,176,588.77 in the previous year, indicating a year-over-year growth of approximately 61.3% [39]. - The net cash flow from investing activities for the first three quarters of 2020 was -CNY 55,826,976.06, an improvement from -CNY 446,433,323.33 in the previous year, showing a reduction in cash outflow [39]. - The net cash flow from financing activities for the first three quarters of 2020 was -CNY 117,254,562.05, compared to a positive cash flow of CNY 380,966,744.37 in the same period of 2019, indicating a shift in financing strategy [40]. - The company reported a cash and cash equivalents balance of CNY 185,658,332.64 at the end of the third quarter of 2020, down from CNY 241,560,240.27 at the end of the same period in 2019 [40]. Shareholder Information - Net assets attributable to shareholders of the listed company increased by 5.69% to CNY 1,539,342,423.29 compared to the end of the previous year [8]. - The total number of shareholders at the end of the reporting period was 29,266 [14]. - The largest shareholder, Zhejiang Dongfang Group, holds 49.29% of the shares [14]. - The company’s total equity increased to ¥1,594,574,839.95 from ¥1,495,810,599.18, indicating a growth in shareholder equity [23]. - The total equity attributable to shareholders was CNY 1,456,514,965.30, reflecting the company's strong capital base [46]. Expenses and Costs - The company reported a 47.56% increase in selling expenses, totaling ¥14,806,634.16 compared to ¥10,034,229.46 in the previous year, due to increased business activities of subsidiaries [16]. - Total operating costs for Q3 2020 were ¥86,919,090.92, up from ¥75,580,165.96 in Q3 2019, reflecting an increase of approximately 15% [29]. - The company incurred a tax expense of ¥565,320.75 in Q3 2020, down from ¥1,486,982.54 in Q3 2019, a decrease of approximately 62.0% [36]. - The company’s operating expenses, including management and sales expenses, totaled ¥5,330,408.70 and ¥185,832.68 respectively for Q3 2020, indicating a focus on cost management [35]. Investment and Growth - Long-term equity investments increased by 44.05% to ¥118,493,747.15 from ¥82,257,826.90 at the beginning of the year, due to increased external investments [22]. - The investment income for the current period is ¥38,102,086.98, a significant increase from a loss of ¥847,524.05 in the same period last year, primarily due to the sale of Wenzhou Dongri Real Estate equity [16]. - The company reported a decrease in investment income, with a loss of ¥2,050,023.30 from joint ventures in Q3 2020, compared to a loss of ¥487,017.83 in Q3 2019 [36]. - Research and development expenses for the first three quarters of 2020 were ¥2,189,218.36, compared to ¥0.00 in the same period of 2019, indicating a focus on innovation [30]. Compliance and Standards - The company adjusted its financial reporting to comply with the new revenue recognition standards effective January 1, 2020, impacting the classification of prepayments to contract liabilities [48]. - The company implemented new revenue recognition standards starting January 1, 2020, affecting the reporting of "prepayments" to "contract liabilities" [51].