HKHC(SH:600162)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 103.03% to a loss of CNY 8.87 million, down from a profit of CNY 292.76 million in the same period last year[6]. - Operating revenue fell by 37.28% to CNY 1.64 billion, compared to CNY 2.62 billion in the previous year[6]. - Basic and diluted earnings per share were both CNY -0.0026, a decrease of 103.01% from CNY 0.0863 in the previous year[6]. - The company reported a net loss of ¥48.87 million for the first three quarters of 2020, compared to a net profit of ¥232.53 million in the same period of 2019[31]. - Net profit for Q3 2020 was ¥9.88 million, a decline of 58.64% from ¥23.85 million in Q3 2019[31]. Cash Flow - Net cash flow from operating activities decreased by 85.85% to CNY 396.25 million, down from CNY 2.80 billion in the same period last year[6]. - Cash flow from operating activities for the first nine months of 2020 was CNY 396,252,411.95, a decrease from CNY 2,800,243,765.36 in the previous year[36]. - The company reported a decrease in cash received from operating activities, with a total of CNY 4,776,362,040.74 for the first nine months of 2020[36]. - The net cash flow from operating activities was -60,780,274.84 RMB, a significant decrease compared to 1,450,511.99 RMB in the previous year, indicating a decline in operational efficiency[40]. Assets and Liabilities - Total assets increased by 11.10% to CNY 25.82 billion compared to the end of the previous year[6]. - Total liabilities increased to 25.82 billion RMB as of September 30, 2020, compared to 23.24 billion RMB at the end of 2019, indicating a growth of approximately 11.1%[23]. - The company reported a total of 20.61 billion RMB in current assets as of September 30, 2020, compared to 18.24 billion RMB at the end of 2019, reflecting an increase of approximately 13.0%[22]. - The company’s total liabilities, including both current and non-current, reflect a robust financial structure, with long-term borrowings at 2,983,882,128.38 RMB[43]. Shareholder Information - The total number of shareholders at the end of the reporting period was 64,284[11]. - The largest shareholder, Southern Xiangjiang Group Co., Ltd., held 38.89% of the shares[11]. Revenue and Costs - The company experienced a decrease in rental income due to a one-month rent exemption and reduced rent policies for some stores[8]. - The operating costs for the same period were CNY 918,397,497.50, down 25.10% from CNY 1,226,105,527.52, reflecting a reduction in revenue[14]. - Total operating costs for the first three quarters of 2020 were ¥1.70 billion, down 27.77% from ¥2.35 billion in the first three quarters of 2019[30]. Investments - The company paid approximately CNY 793 million for land in Suzhou during the reporting period[8]. - The company’s long-term equity investments increased to approximately 332.67 million RMB from 69.49 million RMB, showing a substantial growth of about 378.5%[23]. Other Financial Metrics - The company reported a significant increase in prepayments, totaling CNY 787,259,870.86, which is a 911.77% increase from CNY 77,810,314.13 at the beginning of the year[13]. - The company experienced a 53.76% decrease in taxes and surcharges, amounting to CNY 158,863,403.24, down from CNY 343,559,271.42[14]. - The company’s investment income showed a loss of CNY 722,143.57, which is an improvement compared to a loss of CNY 12,722,582.72 in the same period last year[14].