TYHI(SH:600169)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months was ¥5,946,503,186.45, representing a year-on-year increase of 15.47%[18] - Net profit attributable to shareholders of the listed company was -¥305,704,414.84, a significant decrease of 1,755.85% compared to the previous year[18] - Basic earnings per share for the reporting period was -¥0.1192, a decrease of 1,755.56% compared to the previous year[21] - The gross profit margin for Q3 2020 was approximately 2.5%, down from previous margins, indicating pressure on profitability[54] - The company reported a net loss of ¥1,148,559,193.94 in retained earnings, a decrease from the previous loss of ¥1,174,855,721.28[85] Assets and Liabilities - Total assets at the end of the reporting period reached ¥34,712,078,886.30, an increase of 3.18% compared to the previous year-end[18] - Total liabilities increased to CNY 31.67 billion from CNY 30.27 billion, indicating a growth of approximately 4.63%[44] - Current liabilities rose to CNY 25.15 billion, compared to CNY 24.86 billion, indicating an increase of approximately 1.16%[44] - The company reported a total debt of ¥22,800,437,070.32, an increase from ¥20,679,302,873.50 in the previous year, highlighting a growing leverage position[54] - Total assets amounted to approximately CNY 24.85 billion, showing a slight increase from CNY 24.84 billion[90] Shareholder Information - Net assets attributable to shareholders of the listed company decreased by 9.90% to ¥3,006,825,545.28 from ¥3,337,163,686.58[18] - The total number of shareholders at the end of the reporting period was 128,601[24] - The largest shareholder, Taiyuan Heavy Machinery (Group) Manufacturing Co., Ltd., holds 662,650,710 shares, accounting for 25.84% of the total shares[24] - Shareholders' equity decreased to CNY 3.04 billion from CNY 3.38 billion, a decline of about 10.00%[44] Cash Flow - The net cash flow from operating activities for the first nine months was ¥21,219,114.54, down 91.33% from ¥244,832,073.00 in the same period last year[18] - Cash inflow from operating activities was CNY 2,777,337,048.36, a decrease from CNY 4,289,670,098.35 in the previous year[74] - Cash inflow from financing activities reached CNY 12,822,667,720.86, up from CNY 10,175,810,621.29 in the previous year[71] - Net cash flow from financing activities was CNY 871,977,306.40, compared to CNY 42,666,623.10 in the previous year[71] Research and Development - Research and development expenses rose by 53.85% to CNY 126,460,359.26, reflecting increased investment in R&D projects[31] - Research and development expenses for the first three quarters of 2020 amounted to ¥635,082,864.84, compared to ¥605,604,401.14 in the same period of 2019, showing a continued investment in innovation[54] - Research and development expenses increased to CNY 74,779,798.13 for the first three quarters of 2020, up 28.7% from CNY 58,151,075.73 in the same period of 2019[60] Other Financial Metrics - The weighted average return on net assets was -9.6806%, a decrease of 10.12 percentage points from the previous year[21] - The company’s other comprehensive income decreased by 91.33% to -CNY 2,912,198.69, reflecting a decline in the fair value of other equity investments[31] - The company reported a significant increase in contract liabilities, amounting to CNY 2,586,188,607.19, due to the adoption of new revenue recognition standards[31] - The company recognized contract liabilities of CNY 1.97 billion, reflecting an increase of CNY 1.97 billion[92]