HZSY(SH:600191)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 48.03% to CNY 30,668,114.22 for the year-to-date period[5] - Basic earnings per share decreased by 48.07% to CNY 0.0632[5] - Operating revenue increased by 16.48% to CNY 84,145,219.33 for the year-to-date period[5] - Net profit decreased by 48.03% to ¥30,668,114.22 from ¥59,007,324.94, attributed to a significant reduction in investment income[13] - The company reported a total profit of ¥13,032,653.38 for the first three quarters of 2020, down from ¥60,696,431.44 in the same period of 2019, reflecting a decline of about 79%[25] - Operating profit for Q3 2020 was ¥13,032,831.22, a decrease from ¥60,696,431.44 in Q3 2019, representing a decline of approximately 79%[25] Cash Flow - Net cash flow from operating activities was negative at CNY -16,930,993.89, compared to CNY -1,927,484.41 in the previous year[5] - The company reported a net cash flow from operating activities of -16,930,993.89 RMB for the first three quarters of 2020, compared to -1,927,484.41 RMB in the same period of 2019, indicating a significant decline in operational cash flow[28] - Total cash inflow from operating activities was 93,534,145.85 RMB, while cash outflow was 110,465,139.74 RMB, resulting in a net cash outflow of 16,930,993.89 RMB[28] - Cash flow from investment activities showed a net inflow of CNY 40,359,640.79, up from CNY 24,255,093.26 in the previous year[31] - The company’s net cash flow from financing activities was -14,423,980.00 RMB, a decrease from -45,333,828.16 RMB in the same period last year[29] Assets and Liabilities - Total assets decreased by 4.55% to CNY 1,930,184,898.15 compared to the end of the previous year[5] - Total liabilities decreased to ¥97,583,342.59 from ¥135,001,475.07, indicating a reduction in financial obligations[16] - The company's total assets as of September 30, 2020, amounted to ¥2,089,503,929.16, down from ¥2,175,179,770.75 at the end of 2019, a decline of about 3.9%[18] - The total liabilities decreased to ¥186,093,565.05 from ¥223,217,585.93, representing a reduction of about 16.6%[18] - The company's equity totaled ¥1,903,410,364.11 as of September 30, 2020, down from ¥1,951,962,184.82 at the end of 2019, indicating a decrease of approximately 2.5%[18] Shareholder Information - The total number of shareholders was 38,039 at the end of the reporting period[9] - The largest shareholder, Baotou Grassland Sugar Industry Group, holds 31.49% of shares, which are pledged[9] - The second-largest shareholder, Baotou Shichuang Economic Technology Development Co., Ltd., holds 17.61% of shares, which are also pledged[9] Inventory and Receivables - Inventory decreased by 34.99% to ¥1,759,605.74 from ¥2,706,741.89, primarily due to sugar sales during the reporting period[10] - Accounts receivable rose to ¥856,512.32 from ¥594,146.61, an increase of about 44.3%[18] Investment Income - The company reported a significant increase in investment income, totaling ¥27,112,678.67 in Q3 2020, compared to ¥14,156,283.31 in Q3 2019, an increase of approximately 91%[25] - Investment income for the first three quarters of 2020 reached ¥53,002,200.18, compared to ¥91,672,444.70 in the same period of 2019, reflecting a decrease of approximately 42.3%[21] Other Financial Metrics - The weighted average return on equity decreased by 1.53 percentage points to 1.65%[5] - The company incurred credit impairment losses of ¥3,433,063.43 in Q3 2020, compared to a gain of ¥2,449,349.31 in Q3 2019[22] - Other comprehensive income after tax attributable to the parent company was ¥1,264,505.50 in Q3 2020, compared to a loss of ¥20,165,520.00 in Q3 2019[23]