JLSG(SH:600189)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months decreased by 25.59% to CNY 852,213,135.64 compared to the same period last year[13]. - Net profit attributable to shareholders increased by 2.08% to CNY 76,419,215.59 compared to the same period last year[13]. - Net cash flow from operating activities increased by 123.69% to CNY 263,632,498.09 compared to the same period last year[13]. - Basic earnings per share increased by 10% to CNY 0.11 compared to the same period last year[13]. - Total operating revenue decreased by 25.59% to CNY 852,213,135.64 compared to CNY 1,145,294,617.81 in the same period last year due to delays in resuming operations caused by the COVID-19 pandemic[26]. - R&D expenses decreased by 45.07% to CNY 9,101,440.41 from CNY 16,568,704.27, primarily due to reduced investment in R&D[26]. - Net profit for the first three quarters of 2020 was CNY 108,054,662.45, compared to CNY 142,136,117.17 in the same period of 2019, representing a decline of 23.96%[54]. - The company reported a gross profit margin of approximately 10.23% for Q3 2020, compared to 10.09% in Q3 2019[54]. - The company’s financial performance indicates a recovery trend, with a notable improvement in net profit and comprehensive income despite a decline in operating revenue[60]. Assets and Liabilities - Total assets decreased by 10.29% to CNY 4,614,834,192.16 compared to the end of the previous year[13]. - The company reported a significant decrease in cash and cash equivalents, down 59.06% from CNY 914,550,567.13 to CNY 374,447,957.23, primarily due to loan repayments[24]. - The company's inventory decreased by 47.42%, from CNY 1,196,571,985.34 to CNY 629,146,968.47, attributed to the reclassification of inventory under the new revenue standards[24]. - The company’s receivables decreased by 71.56%, from CNY 17,125,496.42 to CNY 4,870,572.91, mainly due to the maturity of notes[24]. - Total liabilities decreased from $3,615,200,461.62 to $2,995,415,825.76, a reduction of approximately 17.2%[43]. - Current liabilities decreased from $2,835,991,132.84 to $2,447,786,014.94, a reduction of about 13.7%[42]. - Non-current liabilities decreased from $779,209,328.78 to $547,629,810.82, a decrease of approximately 29.6%[43]. - The company’s long-term equity investments were valued at RMB 402,659,936.26, slightly up from RMB 398,237,769.02 in the previous year[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 28,281[15]. - The largest shareholder, China Jilin Forest Industry Group Co., Ltd., holds 30.17% of the shares[15]. - The company’s major shareholder, Sen Gong Group, holds 30.17% of the total shares, with an additional 21.43% of shares frozen due to legal issues[22]. - The total number of shares repurchased and canceled was 1,677,065, reducing the total share count from 716,874,877 to 715,197,812[23]. - The registered capital will change from CNY 716,874,877 to CNY 715,197,812 following the share repurchase[29]. Cash Flow - Investment cash flow net amount decreased by 196.25% to CNY -94,994,356.67 from CNY 98,691,298.83, primarily due to the purchase of structured deposits[26]. - Financing cash flow net amount decreased by 295.31% to CNY -639,507,269.02 from CNY -161,773,904.48, mainly due to a reduction in bank loans compared to the previous year[26]. - Cash inflow from investment activities totaled ¥387.71 million, up from ¥309.23 million in the same period last year, marking a 25.4% increase[66]. - Net cash flow from financing activities was negative at ¥639.51 million, compared to a smaller negative cash flow of ¥161.77 million in the previous year[67]. - Total cash inflow from operating activities in Q3 2020 was ¥266.29 million, an increase of 20.9% from ¥220.10 million in Q3 2019[69]. Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 21,310,914.93[13]. - Non-operating income and expenses totaled CNY 17,008,855.15 for the current period[15]. - The company recovered idle raised funds amounting to RMB 130 million, generating a corresponding income of RMB 4,041,397.26[32]. - The company has engaged in cash management using idle raised funds, with a maximum total amount of RMB 130 million for various financial products[32]. - The company reported a total of approximately $293.77 million in fixed assets, which are crucial for its operational capabilities[86].