YXMC(SH:600213)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months decreased by 32.13% to CNY 1,339,277,023.26 compared to the same period last year[7]. - Net profit attributable to shareholders was a loss of CNY 88,178,882.53, a decrease of 771.95% compared to the same period last year[7]. - Basic earnings per share decreased by 766.67% to CNY -0.40 compared to the same period last year[7]. - The company's operating revenue for Q3 2020 was RMB 1,339,277,023.26, a decrease of 32.13% compared to RMB 1,973,191,215.14 in the previous period, primarily due to reduced sales impacted by the pandemic[13]. - Total operating revenue for Q3 2020 was CNY 399,786,840.77, a decrease of 46.7% compared to CNY 748,145,618.12 in Q3 2019[22]. - The net loss for Q3 2020 was CNY 6,723,188.53, compared to a profit of CNY 1,091,625.93 in Q3 2019[22]. - The total comprehensive income for Q3 2020 was a loss of ¥46,695,479.20, while in Q3 2019 it was a profit of ¥2,830,717.46[25]. - The total profit for Q3 2020 was a loss of ¥46,695,479.20, while in Q3 2019 it was a profit of ¥3,131,046.38[24]. Assets and Liabilities - Total assets decreased by 9.12% to CNY 4,496,242,860.24 compared to the end of the previous year[7]. - The total assets decreased to RMB 4,496,242,860.24 from RMB 4,947,719,215.61, reflecting a decline in both current and non-current assets[16]. - The total liabilities decreased to RMB 4,321,538,249.70 from RMB 4,685,987,234.60, primarily due to repayment of long-term borrowings[17]. - Current assets totaled CNY 3,815,110,980.16, a decline of 14.3% from CNY 4,454,839,890.94 at the end of 2019[19]. - The total current assets were reported at 4,672,407,832.90 CNY in Q3 2020[38]. - The total non-current assets were 275,311,382.71 CNY as of Q3 2020[38]. - Total liabilities reached approximately $4.59 billion, with current liabilities accounting for about $3.61 billion[44]. Shareholder Information - Net assets attributable to shareholders decreased by 49.92% to CNY 87,104,710.32 compared to the end of the previous year[7]. - The total number of shareholders at the end of the reporting period was 19,090[11]. - The largest shareholder, Weichai (Yangzhou) Yaxing Automobile Co., Ltd., holds 51.00% of the shares[11]. - The company reported a total equity of CNY 79,981,869.93 as of September 30, 2020, a significant drop from CNY 166,624,501.21 at the end of 2019[20]. - Owner's equity stood at approximately $166.62 million, reflecting a negative retained earnings of about $442.26 million[44]. Cash Flow - Net cash flow from operating activities decreased by 67.55% to CNY 254,981,077.72 compared to the same period last year[7]. - The net cash flow from operating activities for the first three quarters of 2020 was 254,981,077.72 CNY, a decrease of 67.5% compared to 785,787,898.27 CNY in the previous year[32]. - The cash outflow from financing activities in Q3 2020 was -289,749,413.93 CNY, an improvement compared to -675,806,418.88 CNY in Q3 2019[33]. - The net cash flow from financing activities was -439,413,240.38 CNY for Q3 2020, compared to -707,142,803.90 CNY in Q3 2019[35]. - Cash and cash equivalents at the end of Q3 2020 were 92,353,893.56 CNY, down from 272,962,871.38 CNY at the end of Q3 2019, indicating a decrease of approximately 66.1%[33]. Operational Challenges - The company's net profit margin is under pressure, with a notable increase in credit impairment losses due to a decrease in accounts receivable[14]. - The company has not provided guidance for future performance, indicating potential challenges ahead[14]. - The company incurred a total operating loss of -51,137,664.34 CNY in Q3 2020, compared to a profit of 2,955,857.48 CNY in Q3 2019[29]. - The company reported a significant increase in other income, which rose by 99.49% to RMB 6,768,529.68 from RMB 3,392,973.99, mainly due to increased government subsidies[14]. - The company implemented new revenue and lease standards starting January 1, 2020, affecting financial reporting[35].