HZSY(SH:600191)2021-06-11 16:00Financial Performance - Operating revenue for the first nine months was CNY 37,787,257.11, representing a decline of 47.69% year-on-year[5] - Net profit attributable to shareholders for the first nine months was CNY 30,668,114.22, down 48.03% compared to the same period last year[5] - Basic earnings per share for the reporting period were CNY 0.0632, a decrease of 48.07% year-on-year[5] - The weighted average return on net assets was 1.65%, a decrease of 1.53 percentage points from the previous year[5] - The company reported a total of CNY 960.77 in non-recurring gains and losses for the reporting period[7] - Operating revenue decreased by 47.69% to ¥37,787,257.11 from ¥72,242,031.93, primarily due to the implementation of new revenue recognition standards[11] - Net profit fell by 48.03% to ¥30,668,114.22 from ¥59,007,324.94, mainly due to a significant reduction in investment income[12] - Investment income decreased by 42.18% to ¥53,002,200.18 from ¥91,672,444.70, attributed to a substantial decline in profits from Heng Tai Securities[12] Cash Flow - The net cash flow from operating activities for the first nine months was negative CNY 16,930,993.89, compared to negative CNY 1,927,484.41 in the same period last year[5] - Cash flow from operating activities showed a negative net amount of ¥16,930,993.89, a decline of 778.40% compared to the previous period[12] - Cash inflow from operating activities totaled 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[27] - The net cash flow from financing activities was -14,423,980.00 RMB, compared to -45,333,828.16 RMB in the same period last year, showing an improvement[28] - 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[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,930,184,898.15, a decrease of 4.55% compared to the end of the previous year[5] - Total assets decreased to ¥1,930,184,898.15 from ¥2,022,276,786.27, reflecting a reduction in both current and non-current assets[14] - Total liabilities decreased to ¥97,583,342.59 from ¥135,001,475.07, indicating a reduction in financial obligations[15] - Total liabilities decreased to CNY 186,093,565.05 from CNY 223,217,585.93 in the previous year[17] - Total equity as of September 30, 2020, was CNY 1,903,410,364.11, compared to CNY 1,951,962,184.82 at the end of 2019[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 38,039[8] - The largest shareholder, Baotou Grassland Sugar Industry Group Co., Ltd., held 31.49% of the shares, with 152,717,960 shares pledged[9] - The second-largest shareholder, Baotou Shichuang Economic Technology Development Co., Ltd., held 17.61% of the shares, with 85,404,925 shares pledged[9] Investment Activities - Cash flow from investing activities increased by 66.40% to ¥40,359,640.79 from ¥24,255,093.26, mainly due to cash recovered from the sale of bank stocks[12] - The company generated 40,382,641.94 RMB from investment activities, an increase from 24,255,093.26 RMB in the previous year[28] - The company received CNY 31,182,621.87 in investment income, compared to CNY 24,255,093.26 in the same period of 2019[30] Operational Efficiency - The company incurred a credit impairment loss of ¥3,433,063.43 in Q3 2020, compared to a gain of ¥2,449,349.31 in Q3 2019[21] - The total assets impairment loss recorded was ¥672,352.93 in Q3 2020[21] - The company’s management expenses for Q3 2020 were ¥12,715,837.38, an increase from ¥9,850,100.52 in Q3 2019[24]