Y.I.C.(SH:600119)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 320,523,043.95, a decline of 43.39% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 32,940,423.75, compared to a loss of CNY 54,644,775.55 in the same period last year[6] - Basic and diluted earnings per share were both -CNY 0.11, compared to -CNY 0.18 in the same period last year[7] - The company reported a weighted average return on net assets of -17.75%, an increase of 30.98 percentage points compared to the previous year[7] - Total operating revenue for Q3 2020 was ¥118,195,457.66, a decrease of 39.2% compared to ¥194,701,556.36 in Q3 2019[29] - Net profit for Q3 2020 was a loss of ¥7,664,888.78, compared to a loss of ¥9,171,514.99 in Q3 2019, showing an improvement of 16.4%[30] - The company reported a total profit loss of ¥6,860,313.57 for Q3 2020, compared to a loss of ¥3,814,634.47 in Q3 2019[30] - The company reported a total comprehensive income for the first three quarters of 2020 was a loss of CNY 26,752.44 million, compared to a loss of CNY 11,607.04 million in the same period of 2019[34] Assets and Liabilities - Total assets decreased by 21.37% to CNY 1,049,882,734.02 compared to the end of the previous year[6] - Total liabilities decreased from CNY 948,717,142.83 to CNY 702,821,707.77, a reduction of approximately 26.0%[24] - Current assets decreased from CNY 824,821,735.43 to CNY 585,854,066.19, a reduction of about 29.0%[22] - Cash and cash equivalents decreased by 47.07% to ¥164,214,292.55 due to loan repayments during the reporting period[14] - Total liabilities decreased to ¥651,845,426.13 in Q3 2020 from ¥737,643,632.90 in Q3 2019, a reduction of 11.6%[27] - Total equity decreased from CNY 386,540,880.37 to CNY 347,061,026.25, representing a decline of approximately 10.2%[24] - The total non-current assets decreased from CNY 510,436,287.77 to CNY 464,028,667.83, a decline of approximately 9.1%[23] Cash Flow - Cash flow from operating activities for the first nine months was CNY 15,983,129.96, a significant improvement from a negative cash flow of CNY 32,014,080.89 in the previous year[6] - The net cash flow from operating activities was ¥15,983,129.96, a significant recovery from a negative cash flow of ¥32,014,080.89 in the previous year[15] - The total cash inflow from operating activities for the first three quarters of 2020 was CNY 445,133.88 million, down from CNY 652,483.62 million in the same period of 2019[35] - The company’s cash flow from financing activities in the third quarter included cash received from borrowings of ¥889,500,000.00, down from ¥1,069,975,000.00 in the same quarter of 2019[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,253[10] - The largest shareholder, Changjiang Economic United Development Group, held 35.64% of the shares[10] Investment Activities - Non-operating income included CNY 5,545,669.73 from the disposal of non-current assets, with CNY 3,964,170.33 from the disposal of a microloan company's equity[8] - The company reported a 152.18% increase in net cash flow from investing activities to ¥38,780,532.14, mainly from the disposal of a micro-lending company’s equity[15] - The company reported an investment loss of CNY 153.12 million in Q3 2020, compared to a profit of CNY 11,429.63 million in Q3 2019, reflecting a downturn in investment performance[33] Financial Expenses and Tax - The company’s financial expenses decreased by 38.12% to ¥22,423,467.78, attributed to loan repayments and declining interest rates[15] - The company’s tax expenses dropped by 78.96% to ¥1,886,766.09, mainly due to a decrease in net profit[15] - The company incurred a tax expense of CNY 370.81 million in Q3 2020, with a total tax expense of CNY 1,137.80 million for the first three quarters[33]