ZJJH(600160)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 10,910,659,143.34, a decrease of 6.88% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY 38,496,104.78, down 95.69% compared to the same period last year[5] - The company reported a loss of CNY 113,314,816.62 in net profit attributable to shareholders after deducting non-recurring gains and losses[6] - Basic earnings per share for the reporting period was CNY 0.014, a decline of 95.69% compared to the same period last year[6] - The company anticipates a substantial decline in cumulative net profit compared to the same period last year due to weak market demand and intensified competition[14] - The company's net profit for the first three quarters of 2020 was approximately ¥10.91 billion, down from ¥11.72 billion in the same period of 2019, reflecting overall market challenges[24] - The net profit attributable to shareholders for Q3 2020 was ¥25.69 million, compared to ¥187.70 million in Q3 2019, indicating a significant decline[26] - The total profit for Q3 2020 was ¥27.97 million, down from ¥220.18 million in the same period last year[27] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 15,966,643,298, an increase of 2.19% compared to the end of the previous year[5] - Total non-current assets reached ¥9,683,443,058.86, an increase of 8.4% from ¥8,931,807,629.74[18] - Total liabilities increased to ¥3,162,404,374.54, up from ¥2,323,122,806.30, representing a growth of 36.1%[19] - The company’s total liabilities to equity ratio increased, indicating a higher leverage position compared to the previous year[19] - Total current assets amounted to CNY 6,692,722,086.56, remaining unchanged from the previous reporting date[37] - Total non-current assets were CNY 8,931,807,629.74, consistent with the prior period[37] - Total liabilities were reported at CNY 1,730,641,658.25, with current liabilities comprising CNY 1,594,185,054.54[42] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 374,385,466.58, a significant decrease of 67.93% year-on-year[5] - Cash inflow from operating activities totaled 12,619,115,309.32 CNY, down from 13,469,352,542.15 CNY in Q3 2019[31] - Cash outflow from operating activities was 12,244,729,842.74 CNY, slightly lower than 12,302,017,958.63 CNY in the same quarter last year[31] - The net cash flow from operating activities for Q3 2020 was 374,385,466.58 CNY, a decrease from 1,167,334,583.52 CNY in Q3 2019[31] - The net cash flow from investing activities was -334,230,590.56 CNY, improving from -904,286,934.97 CNY in the previous year[32] - Cash flow from financing activities showed a net increase of 44,606,725.49 CNY, compared to a net outflow of -636,646,157.79 CNY in Q3 2019[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 75,423[9] - The largest shareholder, Juhua Group Co., Ltd., held 52.70% of the shares[9] Government Support - Government subsidies recognized in the current period amounted to CNY 84,299,297.41, contributing to the overall financial performance[7] Receivables and Inventory - Accounts receivable increased by 49.69% to CNY 598,210,111.48 from CNY 399,619,719.52 due to increased credit sales[12] - Inventory increased to ¥1,223,095,341.77, compared to ¥1,033,339,148.98, reflecting a growth of 18.4%[17] Expenses - The company reported a 49.02% decrease in taxes and surcharges to CNY 32,474,828.92 from CNY 63,707,276.89, attributed to reduced tax expenses[12] - Financial expenses decreased significantly, with interest expenses rising by 137.87% to CNY 4,076,605.35 from CNY 1,713,760.82, indicating increased borrowing costs[12] - The company experienced a 346.72% increase in non-operating expenses to CNY 31,084,346.33 from CNY 6,958,395.39, primarily due to the disposal of non-current assets[12] Research and Development - R&D expenses increased significantly to approximately ¥183.65 million in Q3 2020, up from ¥92.86 million in Q3 2019, reflecting a focus on innovation[24] - Research and development expenses for Q3 2020 were ¥20.28 million, a decrease from ¥22.70 million in Q3 2019[28] Investment Performance - The company reported a significant increase in investment income to approximately ¥46.99 million in Q3 2020, compared to ¥29.33 million in Q3 2019, suggesting improved investment performance[24]