FFEC(SH:600203)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months rose by 8.57% to CNY 9,244,106,666.84 year-on-year[6] - Net profit attributable to shareholders decreased by 278.02% to a loss of CNY 59,496,499.27 for the first nine months[6] - Basic and diluted earnings per share were both CNY -0.1303, a decrease of 278.49% compared to the same period last year[7] - The weighted average return on equity decreased by 4.49 percentage points to -2.87%[6] - The company reported a net loss of CNY 64,766,555.35 compared to a loss of CNY 5,270,056.08 in the previous period[21] - The net profit for Q3 2020 was ¥42,600,544.88, a turnaround from a net loss of ¥9,520,414.19 in Q3 2019[28] - The total profit for Q3 2020 was ¥35,064,535.36, recovering from a loss of ¥2,084,053.95 in Q3 2019[28] - The company reported a total comprehensive income of ¥35,974,159.70 for Q3 2020, compared to a loss of ¥6,263,406.77 in Q3 2019[29] - The operating profit for Q3 2020 was ¥36,304,757.75, a significant improvement from a loss of ¥1,477,375.11 in Q3 2019[28] Cash Flow - The net cash flow from operating activities showed a decline of 134.46%, resulting in a negative cash flow of CNY 86,821,591.71[6] - Cash inflow from investment activities rose by 87.09% to ¥286,485,061.71, mainly from the recovery of financial investments by subsidiaries[13] - Cash outflow for investments surged by 346.13% to ¥504,130,000.00, attributed to increased financial investments by a subsidiary[13] - The net increase in cash and cash equivalents decreased by 269.23% to -¥495,170,862.57, influenced by reduced cash receipts from sales and increased employee payments[13] - The cash inflow from operating activities for the first three quarters of 2020 was approximately ¥9.14 billion, down from ¥10.41 billion in the same period of 2019, a decrease of about 12.2%[34] - The cash outflow from operating activities for the first three quarters of 2020 was approximately ¥9.23 billion, down from ¥10.16 billion in the same period of 2019, a decrease of about 9.2%[34] - Total cash inflow from investment activities was $286.49 million, while cash outflow was $601.15 million, resulting in a net cash flow of -$314.67 million for investment activities[35] - Cash inflow from financing activities amounted to $1.14 billion, with cash outflow totaling $1.24 billion, leading to a net cash flow of -$92.78 million[35] Assets and Liabilities - Total assets increased by 10.64% to CNY 8,289,474,626.25 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 31.15% to RMB 1,210,068,031.36 due to reduced operating cash flow and increased dividends to minority shareholders[10] - Total liabilities reached CNY 5,551,086,912.70, compared to CNY 4,634,699,203.60, marking an increase of around 19.8%[21] - Current liabilities increased to CNY 5,209,499,661.39 from CNY 4,449,136,632.20, reflecting an increase of approximately 17.1%[20] - Owner's equity decreased to CNY 2,738,387,713.55 from CNY 2,857,745,835.85, a decline of about 4.2%[21] - The total current assets as of September 30, 2020, amounted to ¥5,997,199,686.25, compared to ¥5,636,670,138.85 at the end of 2019[19] - Non-current assets rose to CNY 2,292,274,940.00, up from CNY 1,855,774,900.60, indicating a growth of about 23.5%[20] Shareholder Information - The total number of shareholders reached 35,892 by the end of the reporting period[8] - The largest shareholder, Fujian Furi Group Co., Ltd., holds 20.65% of the shares[8] Government Support and Legal Issues - The company received government subsidies amounting to CNY 24,222,082.70 during the first nine months[7] - The company is involved in ongoing litigation, with claims totaling ¥39,407,560.33 related to supply chain disputes[14] Future Outlook - The company expects a significant decline in cumulative net profit compared to the previous year, primarily due to rising material costs and reduced overseas project opportunities caused by the COVID-19 pandemic[16] - The company plans to conduct a non-public stock issuance, pending approval from the China Securities Regulatory Commission[14]