CSSC Holdings(SH:600150)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 37.47 billion, a slight decrease of 0.12% compared to the same period last year[4] - Net profit attributable to shareholders decreased by 86.63% to CNY 162.94 million year-on-year[4] - Basic and diluted earnings per share dropped by 90.38% to CNY 0.041[4] - The company reported a net profit of CNY 1.28 billion for the first nine months of 2020, down from CNY 1.32 billion in the same period last year[29] - The total revenue for the first nine months of 2020 was CNY 37.47 billion, slightly down from CNY 37.51 billion in the same period last year[30] - The net profit for Q3 2020 was -73,007,625.47 CNY, compared to -529,275,982.25 CNY in the same period last year, indicating a significant improvement[32] - The total profit for Q3 2020 was -48,089,802.74 CNY, a decrease from -543,095,336.57 CNY year-over-year[32] - The operating profit for Q3 2020 was -61,808,391.40 CNY, compared to -546,247,176.71 CNY in Q3 2019, showing a notable recovery[32] Assets and Liabilities - Total assets increased by 5.86% to CNY 135.48 billion compared to the end of the previous year[4] - The company's total assets increased by 40.06% to 6,785 million RMB due to new forward foreign exchange contracts and exchange rate fluctuations[17] - The company's total liabilities reached CNY 85.15 billion as of September 30, 2020, compared to CNY 83.09 billion at the end of 2019, indicating an increase of about 2.5%[25] - The total liabilities amounted to CNY 251.77 million, compared to CNY 20.66 million in the previous year[28] - The total assets of the company were approximately ¥127.99 billion, with a minor decrease of ¥215.12 million[45] Shareholder Equity - Net assets attributable to shareholders increased by 55.81% to CNY 46.08 billion year-on-year[4] - The company's equity attributable to shareholders increased by 55.81% to 4,607,944 million RMB, driven by the issuance of shares for asset purchases and fundraising[17] - The total equity attributable to shareholders was CNY 44.42 billion, up from CNY 9.52 billion in the previous year[29] - The total equity attributable to shareholders was approximately ¥29.57 billion, remaining stable compared to the previous period[45] Cash Flow - The net cash flow from operating activities was negative at CNY -4.89 billion, compared to CNY -188.29 million in the same period last year[4] - The net cash flow from financing activities increased by 41.59% to 626,445 million RMB, due to funds raised from share issuance[18] - Total cash inflow from operating activities for the first three quarters of 2020 was CNY 34,680,568,346.87, a decrease from CNY 35,457,141,646.99 in the same period of 2019[39] - Net cash outflow from operating activities was CNY -4,891,873,496.07, compared to CNY -188,290,438.56 in the previous year[39] - Total cash inflow from financing activities was CNY 20,543,464,339.04, slightly down from CNY 21,675,172,428.39 in the same period of 2019[40] Investment and R&D - Research and development expenses surged by 107.36% to 170,327 million RMB, as the national 13th Five-Year Research Project was fully launched[17] - The company reported a 215.82% decline in investment income, resulting in a loss of 27,009 million RMB from forward contract settlements[17] - The company’s investment cash outflow totaled ¥641,217,602.86, down from ¥800,439,580.00 in the previous year, indicating a reduction of about 20%[41] Other Financial Metrics - Government subsidies recognized in the first nine months amounted to CNY 543.42 million[8] - The company reported a loss of CNY 139.55 million from fair value changes of financial assets and liabilities[9] - The company experienced a credit impairment loss of 66,412,626.55 CNY in Q3 2020, a notable increase from -3,234,824.32 CNY in Q3 2019[32] - The company reported a significant increase in other income, amounting to 17,229,961.72 CNY in Q3 2020, compared to 3,991,879.77 CNY in the previous year[32]